YMutual & Membership BenefitEIN: 827012034· Ruling Year: 2019

Iaff Local 587 Health Ins Tr Fund

Miami, Florida

CHealth Score
44C

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Below Average

How This Organization Compares

Compared to 22 peers in Mutual & Membership Benefit with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org-2.68×
Peer Median10.70×
💰
$26.3M
Total Revenue
📊
$60.3M
Total Expenses
🏦
-$161.6M
Net Assets
📋
$184.4M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-0.1%
Year-over-year change (2022 → 2023)
Net Margin
-129.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
-2.68
Net assets divided by total expenses
Liabilities-to-Assets
809.3%
Total liabilities as % of total assets

Filing History

5 filings on record
YearRevenueExpensesAssets
2023$26,318,781$60,342,48214%$22,783,9193%
2022$26,344,538700%$52,875,90642%$22,033,849234%
2020$3,291,09886%$91,908,798382%$6,605,206
2019$24,188,4501646%$19,050,92038256%$6,579,330392%
2018$1,385,186$49,669$1,338,009

Frequently Asked Questions

What does Iaff Local 587 Health Ins Tr Fund do?

Iaff Local 587 Health Ins Tr Fund is a mutual & membership benefit nonprofit organization based in Florida. It is classified under NTEE code Y43 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Iaff Local 587 Health Ins Tr Fund financially healthy?

Based on our 9-metric Financial Health Score model, Iaff Local 587 Health Ins Tr Fund has a score of 44/100 (Grade: C). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Iaff Local 587 Health Ins Tr Fund generate?

Iaff Local 587 Health Ins Tr Fund reports $33.4M in annual revenue and holds $34.5M in total assets, based on IRS filings.

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Iaff Local 587 Health Ins Tr Fund — Miami, FL | GiveScope