Nonprofit · EIN 04-2219623
HEALTH & WELFARE FUND
Also known as TEAMSTERS LOCAL 170 & 437
Tax-exempt · WORCESTER, MA 01604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $43,572,194 | $41,515,049 | $2,057,145 | $107,824,892 | $10,590,694 | $97,234,198 |
| December 31, 2024 | 990 | $38,714,988 | $32,367,045 | $6,347,943 | $99,269,961 | $9,522,009 | $89,747,952 |
| December 31, 2023 | 990 | $38,388,034 | $32,907,755 | $5,480,279 | $90,580,908 | $9,736,955 | $80,843,953 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $40,534,167
- Investment income
- $2,819,415
- Net rental income
- $213,612
- Net gain from sales of assets
- -$30,694
- Other revenue
- $218,612
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $38,884,509
- Compensation of officers, directors and key employees
- $191,709
- Other salaries and wages
- $398,737
- Salaries, compensation and benefits (total)
- $957,946
- Professional fundraising fees
- $0
- Legal fees
- $1,059
- Accounting fees
- $69,529
- Occupancy
- $343,675
- Depreciation
- $265,432
Balance sheet and other
- Total assets, start of year
- $99,269,961
- Total assets, end of year
- $107,824,892
- Total liabilities, end of year
- $10,590,694
- Net assets, end of year
- $97,234,198
- Land, buildings and equipment
- $3,711,360
- Publicly traded securities
- $43,215,392
- Gross receipts
- $62,261,233
- Employees
- 6
- Volunteers
- 0
- Year formed
- 1954
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAYMOND REED | EMPLOYEE Key employee | 40 | $191,039 | $54,766 |
| SCOTT MARRINO | EMPLOYEE Highest-paid employee | 40 | $109,709 | $54,766 |
| SHANNON GEORGE | TRUSTEE/CO-CHAIR Trustee or director | 10 | $0 | $0 |
| ROBERT ROBINSON | TRUSTEE Trustee or director | 10 | $0 | $0 |
| ELIAS GILLEN | TRUSTEE Trustee or director | 10 | $0 | $0 |
| MONICA J CHESTER | TRUSTEE Trustee or director | 10 | $0 | $0 |
| SEAN M FOLEY | TRUSTEE Trustee or director | 10 | $0 | $0 |
| DAVID MAROIS | TRUSTEE Trustee or director | 10 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAYMOND REED | EMPLOYEE Highest-paid employee | 40 | $186,377 | $53,726 |
| SHANNON GEORGE | TRUSTEE/CO-CHAIR Trustee or director | 10 | $0 | $0 |
| ROBERT ROBINSON | TRUSTEE Trustee or director | 10 | $0 | $0 |
| ELIAS GILLEN | TRUSTEE Trustee or director | 10 | $0 | $0 |
| MONICA J CHESTER | TRUSTEE Trustee or director | 10 | $0 | $0 |
| SEAN M FOLEY | TRUSTEE Trustee or director | 10 | $0 | $0 |
| DAVID MAROIS | TRUSTEE Trustee or director | 10 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAYMOND REED | EMPLOYEE Highest-paid employee | 40 | $177,994 | $52,686 |
| SHANNON GEORGE | TRUSTEE/CO-CHAIR Trustee or director | 10 | $0 | $0 |
| PAUL E DAUPHINAIS | TRUSTEE Trustee or director | 10 | $0 | $0 |
| ROBERT ROBINSON | TRUSTEE Trustee or director | 10 | $0 | $0 |
| RONALD J BEVENS | TRUSTEE Trustee or director | 10 | $0 | $0 |
| ELIAS GILLEN | TRUSTEE Trustee or director | 10 | $0 | $0 |
| MONICA J CHESTER | TRUSTEE Trustee or director | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 330 SOUTHWEST CUTOFF, WORCESTER, MA 01604-2730
- Principal officer (990 for 2025)
- SHANNON GEORGE, 330 SOUTHWEST CUTOFF, WORCESTER, MA 01604
- Signed the 990
- SHANNON GEORGE, TRUSTEE
- Phone
- (508) 791-3416
- Website
- WWW.TEAMSTERS170HWF.COM
- Return prepared by
- MANZI & ASSOCIATES LLC
Mission
TO PROVIDE MEDICAL, DENTAL, VISION, LIFE, ACCIDENT & SICKNESS BENEFITS TO ELIGIBLE PARTICIPANTS
Program accomplishments
- PROVIDE WELFARE BENEFITS TO EMPLOYEES UNDER COLLECTIVE BARGAINING AGREEMENT
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2219623
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1959
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $107,824,892
- Income (IRS master file)
- $62,261,233
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $43,572,194 | $41,515,049 | $107,824,892 | XML |
| 990 | December 2024 | $38,714,988 | $32,367,045 | $99,269,961 | XML |
| 990 | December 2023 | $38,388,034 | $32,907,755 | $90,580,908 | XML |
| 990 | December 2022 | $41,678,287 | $35,039,137 | $82,271,369 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2219623).
Questions about HEALTH & WELFARE FUND
- What is the EIN of HEALTH & WELFARE FUND?
- The employer identification number (EIN) of HEALTH & WELFARE FUND is 04-2219623.
- Is HEALTH & WELFARE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1959.
- Are donations to HEALTH & WELFARE FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HEALTH & WELFARE FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HEALTH & WELFARE FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEALTH & WELFARE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HEALTH & WELFARE FUND?
- The 990 for the year ended December 31, 2025 names SHANNON GEORGE.
- Who are the officers and directors of HEALTH & WELFARE FUND?
- The 990 for the year ended December 31, 2025 lists 8 people; 2 received compensation from the organization, the highest $191,039 (RAYMOND REED, EMPLOYEE).
- How much revenue does HEALTH & WELFARE FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $43,572,194, expenses of $41,515,049 and total assets of $107,824,892 at year end.
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