Asbestos Workers-6 Health & Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Asbestos Workers-6 Health & Welfare Fund is a 501(c)(9) organization based in Troy, Michigan, registered in 1952, with $16,936,041 in FY2024 revenue. CharityIndex grades it C+.
700 Tower Dr Ste 300, Troy, MI, 48098 EIN 04-6040850 Since 1952
Revenue (FY2024)
$16.9M
▲ 7.5% vs prior year
Expenses (FY2024)
$13.9M
Net assets
$25.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Asbestos Workers-6 Health & Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating22 mo reserves · +18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Asbestos Workers-6 Health & Welfare Fund: 22 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Asbestos Workers-6 Health & Welfare Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Asbestos Workers-6 Health & Welfare Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $8.8M (FY2014) to $16.9M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.0MNet assets $25.8M
Operating margin
18.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$26.8M
Total liabilities
$1.0M
Net assets
$25.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $16,936,041▲7.5% | $13,882,498▲4.2% | $25,813,594▲10.1% | $26,828,521▲13.2% | 990 |
| 2023 | $15,750,754▲2.3% | $13,328,875 | $23,442,970▲14.3% | $23,693,051▲14.5% | 990 |
| 2022 | $15,393,371▲4.9% | $13,329,279▲10.4% | $20,503,802▲1.6% | $20,686,599▲0.9% | 990 |
| 2021 | $14,680,725▲38.0% | $12,074,304▲7.2% | $20,172,252▲16.2% | $20,492,367▲16.7% | 990 |
| 2020 | $10,639,757▼16.1% | $11,266,061▼0.4% | $17,363,899▲1.2% | $17,558,164▲0.6% | 990 |
| 2019 | $12,685,002▲1.3% | $11,313,196▼0.3% | $17,164,731▲14.7% | $17,456,266▲15.3% | 990 |
| 2018 | $12,521,008▲7.7% | $11,349,446▲10.3% | $14,968,716▲4.1% | $15,145,236▲2.3% | 990 |
| 2017 | $11,624,478▲12.2% | $10,293,532▲8.8% | $14,375,856▲12.4% | $14,801,949▲14.1% | 990 |
| 2016 | $10,357,990▲4.2% | $9,460,869▲2.8% | $12,795,591▲8.8% | $12,977,195▲8.4% | 990 |
| 2015 | $9,941,191▲12.6% | $9,204,529▲6.1% | $11,758,613▲4.5% | $11,968,532▲4.5% | 990 |
| 2014 | $8,828,402 | $8,673,935 | $11,247,563 | $11,456,711 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Asbestos Workers-6 Health & Welfare Fund a legitimate nonprofit?
- Yes. Asbestos Workers-6 Health & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 04-6040850, based in Troy, Michigan.
- What is Asbestos Workers-6 Health & Welfare Fund's EIN?
- Asbestos Workers-6 Health & Welfare Fund's Employer Identification Number (EIN) is 04-6040850.
- How much revenue does Asbestos Workers-6 Health & Welfare Fund report?
- Asbestos Workers-6 Health & Welfare Fund reported $16,936,041 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Asbestos Workers-6 Health & Welfare Fund have?
- CharityIndex grades Asbestos Workers-6 Health & Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Asbestos Workers-6 Health & Welfare Fund (EIN 04-6040850) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.