Civic Intelligence

Iaff Local 587 Health Insurance

EIN 82-7012034 • 501(c)9 • Miami, FL

Profile

To provide medical, dental, and other welfare benfits to eligible members.

2980 NW South River DriveMiami, FL 33125

healthtrustmaff.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

7.23x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

99th percentile

7.46x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2025

Net Margin

1st percentile

-150%

Higher net margin than 1% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

60th percentile

$70,915

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)9 • $25M-$50M nonprofits • Source year 2025

Asset Growth

84th percentile

20%

Faster asset growth than 84% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

74th percentile

15%

Faster revenue growth than 74% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$34,521,874

Up $5,769,809 (+20%) from 2024

Liabilities

Up

$249,490,351

Up $55,019,810 (+28%) from 2024

Net Assets

Down

-$214,968,477

Down $49,250,001 (-30%) from 2024

Revenue

Up

$33,448,314

Up $4,467,952 (+15%) from 2024

Expenses

Up

$83,617,541

Up $48,442,512 (+138%) from 2024

Net Income

Down

-$50,169,227

Down $43,974,560 (-710%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$200M$0-$200M-$400MAssets 2018: $1,338,009Liabilities 2018: $2,492Net Assets 2018: $1,335,5172018Assets 2019: $6,579,330Liabilities 2019: $2,452Net Assets 2019: $6,576,8782019Assets 2020: $6,605,206Liabilities 2020: $88,744,727Net Assets 2020: -$82,139,5212020Assets 2021: $14,803,807Liabilities 2021: $114,403,000Net Assets 2021: -$99,599,1932021Assets 2022: $22,033,849Liabilities 2022: $148,145,342Net Assets 2022: -$126,111,4932022Assets 2023: $22,783,919Liabilities 2023: $184,384,457Net Assets 2023: -$161,600,5382023Assets 2024: $28,752,065Liabilities 2024: $194,470,541Net Assets 2024: -$165,718,4762024Assets 2025: $34,521,874Liabilities 2025: $249,490,351Net Assets 2025: -$214,968,4772025

Highlighted filing

2025

Assets$34,521,874
Liabilities$249,490,351
Net Assets-$214,968,477

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50M-$100MRevenue 2018: $1,385,186Expenses 2018: $49,669Net Income 2018: $1,335,5172018Revenue 2019: $24,188,450Expenses 2019: $19,050,920Net Income 2019: $5,137,5302019Revenue 2020: $3,291,098Expenses 2020: $91,908,798Net Income 2020: -$88,617,7002020Revenue 2021: $25,331,192Expenses 2021: $42,868,572Net Income 2021: -$17,537,3802021Revenue 2022: $26,344,538Expenses 2022: $52,875,906Net Income 2022: -$26,531,3682022Revenue 2023: $26,318,781Expenses 2023: $60,342,482Net Income 2023: -$34,023,7012023Revenue 2024: $28,980,362Expenses 2024: $35,175,029Net Income 2024: -$6,194,6672024Revenue 2025: $33,448,314Expenses 2025: $83,617,541Net Income 2025: -$50,169,2272025

Highlighted filing

2025

Revenue$33,448,314
Expenses$83,617,541
Net Income-$50,169,227

Filings