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IAFF LOCAL 587 HEALTH INSURANCE TRUST FUND

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Public IRS 990 nonprofit record

IAFF LOCAL 587 HEALTH INSURANCE TRUST FUND

EIN 82-7012034 · Voluntary Employees Beneficiary Associations (Non-Government) (Y43)

What they do

to PROVIDE MEDICAL, DENTAL, and OTHER WELFARE BENEFITS to ELIGIBLE MEMBERS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$249.99spent for every $100 of revenueSpending was higher than revenue this year.
1.25%of revenue went to management and office costs0.0% of expenses
$0.41in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $50,169,227 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $70,915 for SILVIA LEIVA (BENEFITS COO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,291,098
Mission workProgram services0.00% of revenue0.0% of expenses
ManagementOffice and general costs$41,2771.25% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$91,908,7982,792.65% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2021CurrentExpense mix: 0.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 2,792.65% of revenue
2020Expense mix: 0.0% mission · 2.3% management · 0.0% fundraisingTotal expenses: 78.76% of revenue
2019Expense mix: 0.0% mission · 98.7% management · 0.0% fundraisingTotal expenses: 3.59% of revenue

Money in and money out

Revenue$33,448,314
Expenses$83,617,541
Annual shortfall $50,169,227 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$41,277 · 0.0% of expenses
See all reported dollar amounts
Revenue$33,448,314
Expenses$83,617,541
Assets$34,521,874
Income$39,887,425
Stocks and bonds$24,736,654
Accounting fees$16,500
Investing fees$72,118
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
SILVIA LEIVABENEFITS COO · 40 hrs/week $70,915Base $68,803 · Other $2,112
ALEXANDER CARDENASADMINISTRATO · 40 hrs/week $54,294Base $51,558 · Other $2,736
THOMAS GABRIELASST ADMIN/T · 40 hrs/week $46,577Base $39,591 · Other $6,986
JORGE MEGIASFINANCE MANA · 40 hrs/week $39,126Base $38,567 · Other $559
NYDIA SOTO-KAYEBENEFITS MAN · 40 hrs/week $33,768

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (13)

SILVIA LEIVABENEFITS COO

ALEXANDER CARDENASADMINISTRATO

THOMAS GABRIELASST ADMIN/T

JORGE MEGIASFINANCE MANA

NYDIA SOTO-KAYEBENEFITS MAN

AKEEM DONALDSONSECRETARY

ALBERT ROBERTTRUSTEE

FREDDY DELGADOTRUSTEE

LOUIS MARSHALLTRUSTEE

NIKKO OSBORNETRUSTEE

RAUL CERNUDATRUSTEE

ROBERT JORGETRUSTEE

TROY SUTTONTRUSTEE

About this charity

Recognized since
January 2019
Location
2980 NW SOUTH RIVER DR, MIAMI, FL 33125-1146
County
Miami-Dade
In care of
JORGE MEGIAS
Primary officer
JORGE MEGIAS, FINANCE MANAGER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
March 1, 2024
Return type
990
Tax preparer
KSDT & CO LLC
NTEE classification
Voluntary Employees Beneficiary Associations (Non-Government) (Y43)
IRS tax category
Voluntary Employees Beneficiary Associations (Non-Government)

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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