Iaff Local 587 Health Insurance Trust Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 827012034 ✦ Miami, FL ✦ Designated as a 501(c)(9)

Overview

What is Iaff Local 587 Health Insurance Trust Fund?

Iaff Local 587 Health Insurance Trust Fund is a nonprofit organization based in Miami, Florida, with a team of five employees. Their primary mission is to provide health, dental, and welfare benefits to eligible members. The trust fund's activities include incurring claims to ensure the accessibility of these essential services. The nonprofit's core purpose is to enhance the wellbeing of its members by offering medical, dental, and additional welfare benefits.


Official website here: www.jmegias@healthtrustmaff.org

Is Iaff Local 587 Health Insurance Trust Fund legitimate?

Iaff Local 587 Health Insurance Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Iaff Local 587 Health Insurance Trust Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $177,610
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.jmegias@healthtrustmaff.org

What is the mission statement of Iaff Local 587 Health Insurance Trust Fund?

The Iaff Local 587 Health Insurance Trust Fund is dedicated to extending medical, dental, and various welfare benefits to eligible members. The core objective of this trust fund is to ensure the wellbeing of its members by granting them access to essential health and dental services. Incurred claims are used to finance these benefits and cater to the healthcare requirements of the eligible members. This organization prioritizes the health and welfare of its members, striving to provide them with comprehensive coverage and peace of mind.


Official website here: www.jmegias@healthtrustmaff.org

Who is the CEO of Iaff Local 587 Health Insurance Trust Fund?

Jorge Megias is the Administrato of Iaff Local 587 Health Insurance Trust Fund.


Official website here: www.jmegias@healthtrustmaff.org

What is the revenue of Iaff Local 587 Health Insurance Trust Fund?

Iaff Local 587 Health Insurance Trust Fund's revenue in 2023 was $26,318,781.


Official website here: www.jmegias@healthtrustmaff.org

Who are the executives of Iaff Local 587 Health Insurance Trust Fund and what are their salaries?

The average compensation at Iaff Local 587 Health Insurance Trust Fund during 2023 was $35,522. There are 5 employees at Iaff Local 587 Health Insurance Trust Fund.

Here are 12 key members and their salaries:

    Alexander Cardenas (Administrato) [Trustee/Director]
  • Compensation: $47,853
  • Related: $0
  • Other: $0

    • Thomas Gabriel (Asst Admin/T) [Trustee/Director]
  • Compensation: $40,726
  • Related: $0
  • Other: $0

    • Jorge Megias (Finance Mana) [Trustee/Director]
  • Compensation: $32,704
  • Related: $0
  • Other: $0

    • Nydia Soto-Kaye (Benefits Man)
  • Compensation: $29,526
  • Related: $0
  • Other: $0

    • Silvia Leiva (Benefits Coo)
  • Compensation: $26,801
  • Related: $0
  • Other: $0

    • Raul Cernuda (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sigfredo Delgado (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Akeem Donaldson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Jorge (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Louis Marshall (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Albert Robert (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Troy Sutton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.jmegias@healthtrustmaff.org

    Where can I find the form 990 for Iaff Local 587 Health Insurance Trust Fund?

    The Iaff Local 587 Health Insurance Trust Fund’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.jmegias@healthtrustmaff.org

    Learn more at the official website: www.jmegias@healthtrustmaff.org

    Mission Statement of Iaff Local 587 Health Insurance Trust Fund

    Iaff Local 587 Health Insurance Trust Fund is a mission-driven organization dedicated to extending medical, dental, and other welfare benefits to eligible members. Established with the purpose of providing essential health services, the Trust Fund focuses on enhancing the wellbeing of those it serves.

    In their pursuit to deliver comprehensive healthcare solutions, Iaff Local 587 Health Insurance Trust Fund processes claims to ensure eligible members gain access to a broad range of benefits. These benefits not only cater to medical and dental needs but also encompass other welfare services. The Trust Fund's commitment to health and wellness is exemplified through its diligent efforts to provide these vital benefits to those in need.

    By offering medical, dental, and welfare benefits, Iaff Local 587 Health Insurance Trust Fund plays a pivotal role in improving the overall health and quality of life for its members. The organization's unwavering dedication to its mission allows it to make a significant difference in the lives of countless individuals, providing them with essential healthcare services and peace of mind.

    Impact

    This information is meant to be a general summary of Iaff Local 587 Health Insurance Trust Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The impact of IAFF Local 587 Health Insurance Trust Fund is evident in its provision of essential medical, dental, and welfare benefits to eligible members in Miami, FL. Through this trust fund, eligible individuals have access to necessary healthcare services, ensuring they receive the care they need to maintain their well-being. This support contributes to the overall health and quality of life of members who rely on these benefits to address their medical and dental needs. The trust fund's mission to provide these crucial services underscores its significance in the community, fulfilling a vital role in supporting the welfare of its members.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $566,401
  • Program Service Revenue: $25,751,503
  • Gross Receipts: $28,126,018

    • Assets and Liabilities:
  • Total Assets: $22,783,919
  • Total Liabilities: $184,384,457
  • Net Assets: -$161,600,538
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EMPLOYER CONTRIBUTIONS

    Revenue

    $21,243,714

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $2,235,998

    RETIREES CONTRIBUTION

    Revenue

    $2,169,915

    RETIREE DRUG SUBSIDY (RDS)

    Revenue

    $99,368

    COBRA CONTRIBUTIONS

    Revenue

    $2,508

    Organization Details

    Founding Year

    2018

    Principal Officer

    Jorge Megias

    Main Address

    2980 NW SOUTH RIVER DRIVE, MIAMI, FL, 33125

    NTEE Category

    Code: Y43 - Mutual benefit

    If you are a representative of Iaff Local 587 Health Insurance Trust Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.