Mcasf Local 725 Helath And Welfare Trust Fund

Organization Overview

Mcasf Local 725 Helath And Welfare Trust Fund is located in Pembroke Pines, FL. The organization was established in 1960. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcasf Local 725 Helath And Welfare Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2022, Mcasf Local 725 Helath And Welfare Trust Fund generated $14.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $15.5m during the year ending 12/2022. While expenses have increased by 8.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTHCARE, PRESCRIPTION, DENTAL, LIFE, AND DISABILITY BENEFITS TO PARTICIPANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PLAN IS A MULTIEMPLOYER PLAN ESTABLISHED BY A COLLECTIVE BARGAINING AGREEMENT TO PROVIDE HEALTHCARE, PRESCRIPTION, DENTAL, LIFE, AND DISABILITY BENEFITS. THE PLAN COVERS EMPLOYEES WORKING UNDER THAT AGREEMENT. THE MAJORITY OF THESE EMPLOYEES WORK IN THE AIR CONDITIONING, REFRIGERATION, HEATING AND PIPING INDUSTRY IN FLORIDA.


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Board, Officers & Key Employees

Name (title)Compensation
Eduardo Llosent
Co-Chair
$0
Kenneth E Scott Jr
Co-Chair
$0
Carlos Borja
Trustee
$0
Ralph Castro
Trustee
$1,465
Julie Dietrich
Trustee
$0
Chris Figueras
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mcasf Local 725 Service Corporation
Contract Administrator
$302,251
Horizon Actuarial Services Llc
Actuary Services
$121,749
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$13,647,042
Investment income $576,337
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$195,758
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,027,621

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