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LABORERS' LOCAL 157 HEALTH BENEFITS FUND

SCHENECTADY, NY · EIN 141437195 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$7.3M
expenses
$5.5M
net assets
$17.2M
employees
4
mission · from form 990

HEALTH BENEFITS FOR MEMBERS

profile · synthesized from sources

Health benefits fund providing medical, dental, and related coverage to members of Laborers' Local 157 in New York. Administers a trust-based plan funded primarily through employer contributions and union agreements. Serves union workers and their dependents with no public-facing charitable programs.

named programs · 1 · from sources

What they call their work

Health Benefits Plan Administration
Administers health insurance coverage including medical, dental, and prescription drug benefits for union members and their families
activities · 1 group

What they do

  • Union and Association Benefit Funds 1 activity
    • Provides health benefits to union members
      Offers health benefits coverage to members of the Laborers' Union through a dedicated fund. Services are provided in accordance with the organization's operational structure in New York.
financials · form 990 · fy2024
revenue
Total revenue$7.26M
Contributions & grants$00%
Program service revenue$6.85M94%
Investment income$403K6%
Other revenue$7K
expenses
Total expenses$5.50M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$178K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$21.88M
Cash$2.06M
Investments$18.10M
Liabilities$4.63M
Net assets$17.25M
Liquid reserves44.0 mo
6 years on record · 2019–2024 · YoY revenue +25.6%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
MICHAEL P BRADY FUND ADMINISTRATOR 40 $152K
board members · 6
  • GLENN MAREK — UNION TRUSTEE
  • IAN SHAUL — UNION TRUSTEE
  • JAMES DAWSEY — EMPLOYER TRUSTEE
  • JOHN JENKINS JR — EMPLOYER TRUSTEE
  • LAURA REGAN — EMPLOYER TRUSTEE
  • TIMOTHY STANDHARDT — UNION TRUSTEE