Associates Health Trust
501(c)(9)
94% goes to programs Growing revenue
Associates Health Trust is a 501(c)(9) organization based in Solon, Ohio, registered in 1984, with $61,781,090 in FY2024 revenue. CharityIndex grades it C+, and it directs about 94% of spending to programs.
29500 Solon Rd, Solon, OH, 44139 EIN 34-6817365 Since 1984
Revenue (FY2024)
$61.8M
▲ 5.4% vs prior year
Expenses (FY2024)
$60.4M
Net assets
$6.5M
Employees
0
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 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating94% to programs
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. For Associates Health Trust: 94% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +2% 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 Associates Health Trust: 1 mo reserves · +2% margin earns a C+ on this criterion. See the exact thresholds →
DGovernance25% of the rating1 of 5 checks met
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. For Associates Health Trust: 1 of 5 checks met earns a D on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Associates Health Trust: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Sec. 501 (c)(9) veba trust that provides hospitalization & dental to approximately 3,844 employees of the swagelok co.
Contact & location
Financial trends
Revenue grew from $38.8M (FY2013) to $61.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $8.0MNet assets $6.5M
Operating margin
2.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14.5M
Total liabilities
$8.0M
Net assets
$6.5M
Salaries & benefits
$0
0% of expenses
Board members
0
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,781,090▲5.4% | $60,420,618▲5.6% | $6,477,329▲26.6% | $14,471,803▼2.0% | 990 |
| 2023 | $58,619,869▼4.6% | $57,228,543▼1.9% | $5,116,857▲37.3% | $14,768,121▲36.7% | 990 |
| 2022 | $61,442,192▲31.9% | $58,311,175▲18.9% | $3,725,531▲527% | $10,802,796▲32.4% | 990 |
| 2021 | $46,591,493▲8.0% | $49,046,563▲14.8% | $594,514▼80.5% | $8,159,190▲5.9% | 990 |
| 2020 | $43,148,234▼9.3% | $42,723,524▼12.1% | $3,049,584▲16.2% | $7,705,648▲2.7% | 990 |
| 2019 | $47,568,405▲2.5% | $48,614,674▲7.2% | $2,624,874▼28.5% | $7,503,469▲0.1% | 990 |
| 2018 | $46,415,906▼0.3% | $45,342,998▼1.6% | $3,671,143▲41.3% | $7,495,882▼3.3% | 990 |
| 2017 | $46,536,481▲10.7% | $46,089,303▲3.4% | $2,598,235▲20.7% | $7,747,898▲16.8% | 990 |
| 2016 | $42,036,558▼10.1% | $44,587,941▲4.5% | $2,151,914▼54.5% | $6,635,486▼22.9% | 990 |
| 2015 | $46,740,271▼3.9% | $42,674,589▼10.1% | $4,733,104▲574% | $8,604,639▲38.3% | 990 |
| 2014 | $48,633,246▲25.4% | $47,475,052▲19.6% | $701,892▲255% | $6,221,607▲67.7% | 990 |
| 2013 | $38,783,209 | $39,709,136▲2.2% | -$452,008▼188% | $3,709,962▼2.5% | 990 |
| 2012 | — | $38,868,755 | $510,852 | $3,806,573 | 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.
Leadership & compensation (FY2024)
Highest-paid: Allegiant — $21 (0.00% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Allegiant | Trustee | 1 | $21 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Quantum Health Inc | Administrative | $1,071,649 |
| Anthem Blue Cross and Blue Shield | Administrative | $1,027,125 |
| Ameriben | Administrative | $938,000 |
| Livongo Health Inc | Administrative | $426,515 |
| Metropolitan Life Insurance Co | Administrative | $155,080 |
Frequently asked questions
- Is Associates Health Trust a legitimate nonprofit?
- Yes. Associates Health Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 34-6817365, based in Solon, Ohio.
- What is Associates Health Trust's EIN?
- Associates Health Trust's Employer Identification Number (EIN) is 34-6817365.
- How much revenue does Associates Health Trust report?
- Associates Health Trust reported $61,781,090 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Associates Health Trust's spending goes to programs?
- Associates Health Trust spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Associates Health Trust have?
- CharityIndex grades Associates Health Trust C+, based on program efficiency and fundraising cost.
- How much does Associates Health Trust's highest-paid employee make?
- The highest reported compensation on Associates Health Trust's latest Form 990 is $21, paid to Allegiant (Trustee).
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Data for Associates Health Trust (EIN 34-6817365) 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.