Teamsters Local 251 Health Services and Insurance Plan
Overview
Mission
The plan provides medical, hospitalization, dental, vision, hearing, life insurance, weekly accident and sickness, long-term disability, income tax preparation, and prescription drug benefits as well as an employees' assistance program for eligible participants and their dependents. The plan also provides a program of benefits for eligible retirees.
What it reported doing in 2024
The plan provides medical, hospitalization, dental, vision, hearing, life insurance, weekly accident and sickness, long-term disability, income tax preparation, and prescription drug benefits as well as an employees' assistance program for approximately 3,203 members and their dependents.
Operating model
- Revenue model
- Earned-program. 94% 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
- 050271216
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Headquarters
- Providence, RI, 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: 53
- Sustainability: 67
- 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: 50%; rating input score 50; 12th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 57
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 4.9%; rating input score 56; 56th percentile among comparable filings
- Operating reserve ratio: 2.4; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
- Officer compensation ratio: 0.6%; rating input score 82; 82nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 6.1% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 10.6% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 3 of 6 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $212K · 8 people listed · 1 of 6 pay-setting controls reported
- Consistency: 11 of 11 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 16 annual filings from 2009 to 2024
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link