Teamsters Union Local 25 Health Services & Insurance Plan
Overview
Mission
The plan provides medical, hospitalization, dental, vision, hearing, life insurance, counseling, weekly disability, and prescription drug benefits for eligible participants and their dependents. The plan also provides a program of benefits for eligible retirees.
What it reported doing in 2024
Plan provides medical, hospital, dental, prescription, disability, mental health, audiology, wellness, and life and accidental death insurance benefits to eligible members and their dependents.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
Nonprofit profile at a glance
- EIN
- 042226511
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Headquarters
- Charlestown, MA, USA
- Rating confidence
- Limited
The verdict
- This form does not report enough financial and governance detail to rate the organization. That is normal for this form and is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 70
- Accountability: 70
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 57.1%; rating input score 57; 14th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 88
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 13.7%; rating input score 80; 80th percentile among comparable filings
- Operating reserve ratio: 2.5; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 95; 95th percentile among comparable filings
- Officer compensation ratio: 0.9%; rating input score 76; 76th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.3% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 9.8% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 4 of 7 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $271K · 16 people listed · 1 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 16 annual filings from 2009 to 2024
- Money network: 6 filed money-flow records
- Related organizations: 5 filed related-organization links