Operating Engineers' Local 324 Health Care Plan

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

EIN: 381940673 ✦ Troy, MI ✦ Designated as a 501(c)(9)

Overview

What is Operating Engineers' Local 324 Health Care Plan?

Operating Engineers' Local 324 Health Care Plan is a nonprofit organization based in Troy, Michigan, with approximately 259 employees. Its primary mission involves collecting monies as per collective bargaining agreements, which are subsequently distributed for the payment of covered health care, death, and disability benefits to an approximate 10,700 plan participants. By doing so, the organization plays a crucial role in ensuring the well-being of its members by providing essential health care, death, and disability benefits.


Official website here: www.oe324.org/about/

Is Operating Engineers' Local 324 Health Care Plan legitimate?

Operating Engineers' Local 324 Health Care Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Operating Engineers' Local 324 Health Care Plan 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $409,649

For more financial information, click here


Official website here: www.oe324.org/about/

What is the mission statement of Operating Engineers' Local 324 Health Care Plan?

The Operating Engineers' Local 324 Health Care Plan serves approximately 10,700 participants by collecting funds according to collective bargaining agreements. These resources are then distributed to cover essential health care, death, and disability benefits for the plan members. The primary objective of the Health Care Plan is to ensure the financial security and well-being of its participants by managing and dispersing the collected funds for approved benefits. By adhering to the terms of the plan, the Health Care Plan strives to maintain a comprehensive and reliable coverage system for the beneficiaries.


Official website here: www.oe324.org/about/

Who is the CEO of Operating Engineers' Local 324 Health Care Plan?

Scott Hart is the Secretary of Operating Engineers' Local 324 Health Care Plan.


Official website here: www.oe324.org/about/

What is the revenue of Operating Engineers' Local 324 Health Care Plan?

Operating Engineers' Local 324 Health Care Plan's revenue in 2022 was $138,853,618.


Official website here: www.oe324.org/about/

Who are the executives of Operating Engineers' Local 324 Health Care Plan and what are their salaries?

The average compensation at Operating Engineers' Local 324 Health Care Plan during 2022 was $1,582. There are 259 employees and 5 volunteers at Operating Engineers' Local 324 Health Care Plan.

Here are 10 key members and their salaries:

    Douglas Stockwell (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $141,255
  • Other: $74,358

    • Kenneth Dombrow (Trustee)
  • Compensation: $0
  • Related: $134,844
  • Other: $74,358

    • Jeff Mccarthy (Trustee)
  • Compensation: $0
  • Related: $118,625
  • Other: $74,358

    • Scott Hart (Trustee/Administrator)
  • Compensation: $0
  • Related: $98,831
  • Other: $69,636

    • Lisa Lauzon (Trustee)
  • Compensation: $0
  • Related: $97,135
  • Other: $69,636

    • James Oleksinski (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Adcock (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deven Rau (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Me Woodbeck Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rob Krueger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.oe324.org/about/

    Where can I find the form 990 for Operating Engineers' Local 324 Health Care Plan?

    The Operating Engineers' Local 324 Health Care Plan’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.oe324.org/about/

    Learn more at the official website: www.oe324.org/about/

    Mission Statement of Operating Engineers' Local 324 Health Care Plan

    Operating Engineers' Local 324 Health Care Plan is a mission-driven organization that plays a vital role in collecting monies as per the collective bargaining agreements. This nonprofit entity is dedicated to distributing the collected funds for the payment of covered health care, death, and disability benefits to approximately 10,700 plan participants.

    The Operating Engineers' Local 324 Health Care Plan serves as a safety net for its members, ensuring they receive essential health coverage, financial support in times of tragedy, and security for their future. By adhering to the terms of the plan, this organization provides invaluable services to its beneficiaries, enabling them to focus on their well-being rather than financial concerns.

    This nonprofit organization's primary goal is to provide comprehensive coverage and benefits to its participants, ensuring they have access to essential health care services and financial assistance when they need it most. Through its unwavering commitment to its mission, Operating Engineers' Local 324 Health Care Plan empowers its members to live healthier, more secure lives.

    Impact

    This information is meant to be a general summary of Operating Engineers' Local 324 Health Care Plan. 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 Operating Engineers' Local 324 Health Care Plan is significant as it provides essential health care, death, and disability benefits to approximately 10,700 plan participants. This ensures that these individuals have access to necessary medical care and financial protection in case of unexpected events. By collecting monies through collective bargaining agreements and distributing them for the benefit of participants, the plan plays a crucial role in supporting the well-being and security 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 2022.

  • Investment Income: $1,063,587
  • Program Service Revenue: $137,790,031
  • Gross Receipts: $156,926,510

    • Assets and Liabilities:
  • Total Assets: $115,540,084
  • Total Liabilities: $80,662,266
  • Net Assets: $34,877,818
  • Programs

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

    PAYMENT FROM EMPLOYERS

    Revenue

    $116,932,396

    SELF PAYMENTS FROM MEMBERS

    Revenue

    $20,857,635

    Organization Details

    Founding Year

    1975

    Principal Officer

    Scott Hart

    Main Address

    5600 NEW KING DRIVE 330, TROY, MI, 48098

    NTEE Category

    Code: Y40 - Mutual benefit

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