Teamsters Local 677 Health Services & Insurance Plan

677

Cheshire, CT
Tax-exempt since July 1958
EIN: 06-0691862

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Type of Nonprofit

Designated as a 501(c)(9) Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Donations to this organization are not tax deductible.

Revenue

$28.8M (2023)

Expenses

$17.3M (2023)

Total Assets

$1.84M (2023)

Total Liabilities

$12.3k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Revenue

$28,836,322

Expenses

$17,288,862

Net Income

$11,547,460

Net Assets

$1,829,113

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$13,809,656	47.9%
Investment Income	$1,321,576	4.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$13,700,940	47.5%
Net Inventory Sales	$0
Other Revenue	$4,150	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,800	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$187,795	1.1%

Assets/Debt
Total Assets	$1,841,420
Total Liabilities	$12,307
Net Assets	$1,829,113

Compensation

Key Employees and Officers	Compensation	Related	Other
Helga Schmidt ((Former) Employer Trustee)	$2,800	$0	$0
Paul Ayoub ((Former) Employer Trustee)	$0	$0	$0
Michael Rinaldi ((Former) Union Trustee)	$0	$0	$0
John Murphy (Union Trustee)	$0	$0	$0

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990

Filed on May 15, 2024

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Fiscal Year Ending June
2022

Revenue

$45,159,765

Expenses

$51,147,867

Net Income

-$5,988,102

Net Assets

$87,112,355

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$41,390,428	91.7%
Investment Income	$1,865,530	4.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,901,662	4.2%
Net Inventory Sales	$0
Other Revenue	$2,145	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$18,900	0.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$427,132	0.8%

Assets/Debt
Total Assets	$95,770,287
Total Liabilities	$8,657,932
Net Assets	$87,112,355

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Rinaldi (Union Trustee)	$4,200	$115,802	$64,774
Helga Schmidt (Employer Trustee)	$3,500	$0	$0
Paul Ayoub (Employer Trustee)	$0	$0	$0
John Capobianco ((Former) Union Trustee)	$0	$143,967	$67,432
John Murphy (Union Trustee)	$0	$0	$0

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990

Filed on May 12, 2023

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Fiscal Year Ending June
2021

Revenue

$45,772,053

Expenses

$41,530,235

Net Income

$4,241,818

Net Assets

$107,200,448

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$40,490,368	88.5%
Investment Income	$1,744,394	3.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,534,049	7.7%
Net Inventory Sales	$0
Other Revenue	$3,242	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$407,357	1.0%

Assets/Debt
Total Assets	$112,858,561
Total Liabilities	$5,658,113
Net Assets	$107,200,448

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul Ayoub (Employer Trustee)	$0	$0	$0
Helga Schmidt (Employer Trustee)	$0	$0	$0
John Capobianco (Union Trustee)	$0	$141,945	$66,428
Michael Rinaldi (Union Trustee)	$0	$117,467	$66,077

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990

Filed on May 10, 2022

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Fiscal Year Ending June
2020

Revenue

$47,028,544

Expenses

$34,371,321

Net Income

$12,657,223

Net Assets

$90,206,779

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$37,729,103	80.2%
Investment Income	$1,608,159	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$7,690,984	16.4%
Net Inventory Sales	$0
Other Revenue	$298	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$377,179	1.1%

Assets/Debt
Total Assets	$94,119,719
Total Liabilities	$3,912,940
Net Assets	$90,206,779

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul Ayoub (Employer Trustee)	$0	$0	$0
Helga Schmidt (Employer Trustee)	$0	$0	$0
John Capobianco (Union Trustee)	$0	$137,836	$65,998
Michael Rinaldi (Union Trustee)	$0	$115,258	$65,521

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990

Filed on May 14, 2021

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Fiscal Year Ending June
2019

Revenue

$39,249,774

Expenses

$36,960,493

Net Income

$2,289,281

Net Assets

$82,702,215

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$36,231,544	92.3%
Investment Income	$1,802,538	4.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,215,692	3.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$357,335	1.0%

Assets/Debt
Total Assets	$87,794,025
Total Liabilities	$5,091,810
Net Assets	$82,702,215

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul Ayoub (Employer Trustee)	$0	$0	$0
Helga Schmidt (Employer Trustee)	$0	$0	$0
John Capobianco (Union Trustee)	$0	$137,580	$65,585
Michael Rinaldi (Union Trustee)	$0	$114,830	$65,106

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990

Filed on May 12, 2020

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Fiscal Year Ending June
2018

Revenue

$37,624,839

Expenses

$35,409,492

Net Income

$2,215,347

Net Assets

$77,876,471

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$34,855,374	92.6%
Investment Income	$1,581,891	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,173,439	3.1%
Net Inventory Sales	$0
Other Revenue	$14,135	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$341,860	1.0%

Assets/Debt
Total Assets	$82,436,603
Total Liabilities	$4,560,132
Net Assets	$77,876,471

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul Ayoub (Employer Trustee)	$0	$0	$0
Helga Schmidt (Employer Trustee)	$0	$0	$0
John Capobianco (Union Trustee)	$0	$128,210	$64,858
Michael Rinaldi (Union Trustee)	$0	$111,415	$64,286

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990

Filed on May 13, 2019

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Fiscal Year Ending June
2017

Revenue

$35,835,838

Expenses

$33,523,968

Net Income

$2,311,870

Net Assets

$72,512,665

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$33,715,744	94.1%
Investment Income	$1,530,051	4.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$586,421	1.6%
Net Inventory Sales	$0
Other Revenue	$3,622	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$311,895	0.9%

Assets/Debt
Total Assets	$76,955,672
Total Liabilities	$4,443,007
Net Assets	$72,512,665

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul Ayoub (Employer Trustee)	$0	$0	$0
Helga Schmidt (Employer Trustee)	$0	$0	$0
John Capobianco (Union Trustee)	$0	$123,662	$64,071
Michael Rinaldi (Union Trustee)	$0	$110,042	$63,698

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990

Filed on May 9, 2018

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Fiscal Year Ending June
2016

Revenue

$33,477,366

Expenses

$29,507,156

Net Income

$3,970,210

Net Assets

$65,560,515

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$31,343,303	93.6%
Investment Income	$1,392,548	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$740,710	2.2%
Net Inventory Sales	$0
Other Revenue	$805	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$296,551	1.0%

Assets/Debt
Total Assets	$69,501,653
Total Liabilities	$3,941,138
Net Assets	$65,560,515

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul Ayoub (Employer Trustee)	$0	$0	$0
Helga Schmidt (Employer Trustee)	$0	$0	$0
John Capobianco (Union Trustee)	$0	$122,797	$61,778
Michael Rinaldi (Union Trustee)	$0	$108,851	$61,241

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990

Filed on March 23, 2017

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Fiscal Year Ending June
2015

Revenue

$35,575,374

Expenses

$29,041,297

Net Income

$6,534,077

Net Assets

$63,648,809

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$28,407,860	79.9%
Investment Income	$1,490,708	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,669,223	15.9%
Net Inventory Sales	$0
Other Revenue	$7,583	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$293,977	1.0%

Assets/Debt
Total Assets	$67,553,048
Total Liabilities	$3,904,239
Net Assets	$63,648,809

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul Ayoub (Employer Trustee)	$0	$0	$0
Helga Schmidt (Employer Trustee)	$0	$0	$0
John Capobianco (Union Trustee)	$0	$124,203	$58,764
Michael Rinaldi (Union Trustee)	$0	$95,960	$58,325
Dennis E Raymond (Union Trustee)	$0	$132,713	$58,904

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990

Filed on Feb. 1, 2016

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Fiscal Year Ending June
2014

Revenue

$31,717,893

Expenses

$25,967,711

Net Income

$5,750,182

Net Assets

$62,808,490

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$26,582,190	83.8%
Investment Income	$1,188,696	3.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,945,272	12.4%
Net Inventory Sales	$0
Other Revenue	$1,735	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$252,946	1.0%

Assets/Debt
Total Assets	$66,176,124
Total Liabilities	$3,367,634
Net Assets	$62,808,490

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis E Raymond (Union Trustee)	$0	$120,600	$56,779
Alan Froehlich (Employer Trustee)	$0	$0	$0
Helga Schmidt (Employer Trustee)	$0	$0	$0
John Capobianco (Union Trustee)	$0	$117,909	$56,530

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990

Filed on Feb. 11, 2015

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Fiscal Year Ending June
2013

Revenue

$27,806,552

Expenses

$24,358,612

Net Income

$3,447,940

Net Assets

$53,262,845

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$25,114,419	90.3%
Investment Income	$1,248,422	4.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,437,651	5.2%
Net Inventory Sales	$0
Other Revenue	$6,060	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$253,421	1.0%

Assets/Debt
Total Assets	$56,218,041
Total Liabilities	$2,955,196
Net Assets	$53,262,845

990

Filed on March 17, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2012

Revenue

$25,790,501

Expenses

$22,172,143

Net Income

$3,618,358

Net Assets

$45,998,490

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$23,684,400	91.8%
Investment Income	$1,101,841	4.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,004,260	3.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$240,912	1.1%

Assets/Debt
Total Assets	$48,574,122
Total Liabilities	$2,575,632
Net Assets	$45,998,490

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$25,889,775

Expenses

$21,136,133

Net Income

$4,753,642

Net Assets

$44,282,497

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$22,283,610	86.1%
Investment Income	$987,192	3.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,617,616	10.1%
Net Inventory Sales	$0
Other Revenue	$1,357	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$246,029	1.2%

Assets/Debt
Total Assets	$47,030,639
Total Liabilities	$2,748,142
Net Assets	$44,282,497

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending June
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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Updated November 21, 2024

Teamsters Local 677 Health Services & Insurance Plan

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $28.8M (2023)

Expenses $17.3M (2023)

Total Assets $1.84M (2023)

Total Liabilities $12.3k (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

Revenue

$28.8M (2023)

Expenses

$17.3M (2023)

Total Assets

$1.84M (2023)

Total Liabilities

$12.3k (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005