NonprofitsLocal 580 Insurance Fund

Local 580 Insurance Fund

NEW YORK, NY

Total revenue

$56.9M

Total expenses

$52.9M

Net assets

$309.8M

Grants received

EIN

136178513

Tax year

2024

Mission

The purpose of the plan is to provide health and other benefits to eligible participants.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$39.5M
Investment income$17.3M
Other revenue$138K
Total revenue$56.9M

Expenses

Grants paid
Salaries & benefits$2.9M
Fundraising
Other expenses
Total expenses$52.9M
Total assets$335.3M
Net assets$309.8M

People

11 listed

NameRoleCompensation

JOSEPH NOLAN

UNION TRUSTEE

Board

2 hrs/wk

RANDALL MENT

EMPLOYER TRUSTEE

Board

2 hrs/wk

STEVEN DONOFRIO

UNION TRUSTEE

Board

2 hrs/wk

KEVIN MCKEON

UNION TRUSTEE

Board

2 hrs/wk

RANDALL RIFELLI

EMPLOYER TRUSTEE

Board

2 hrs/wk

PETER CARRIERO

EMPLOYER TRUSTEE

Board

2 hrs/wk

THOMAS MILTON

UNION TRUSTEE

Board

2 hrs/wk

RICHARD FALASCA

DIRECTOR OF EDUCATION

Staff

$202K

0

BRENDAN TORMEY

FUND ADMINISTRATOR

Staff

$182K

14 hrs/wk

RYAN HERBERT

DIRECTOR OF AUDITS

Staff

$182K

14 hrs/wk

THOMAS LECOMPTE

CONTROLLER

Staff

$153K

14 hrs/wk

Independent contractors

BLUE CROSS BLUE SHIELD

MED CLAIM ADMIN

$1.2M

JOINT MULTI SERVICE ASSOCIATES LTD

PAYROLL AUDITOR

$348K

COLLERAN O'HARA & MILLS LP

LEGAL

$199K

JP MORGAN INVESTMENT MGMT

INVESTMENT MGMT

$179K

LOOMIS SAYLES TRUST COMPANY

INVESTMENT MGMT

$144K

Details

EIN136178513
Subsection09
Ruling date1949-09
Formed1946
Employees23
Volunteers0
LOCAL 580 INSURANCE FUND — Mission, Financials & Grants Received | Grantivo