Bakery & Confectionery Union & Industry Intl Health Benefits Fund
501(c)(9)
Only null% goes to programs Strong reserves Declining revenue
Bakery & Confectionery Union & Industry Intl Health Benefits Fund is a 501(c)(9) organization based in Kensington, Maryland, registered in 1956, with $30,080,630 in FY2024 revenue. CharityIndex grades it B.
10401 Connecticut Ave, Kensington, MD, 20895 EIN 53-0227042 Since 1956
Revenue (FY2024)
$30.1M
▲ 17.0% vs prior year
Expenses (FY2024)
$20.8M
Net assets
$273.9M
Employees
33
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Bakery & Confectionery Union & Industry Intl Health Benefits Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating158 mo reserves · +31% 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 Bakery & Confectionery Union & Industry Intl Health Benefits Fund: 158 mo reserves · +31% margin earns a B+ on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 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 Bakery & Confectionery Union & Industry Intl Health Benefits Fund: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Bakery & Confectionery Union & Industry Intl Health Benefits Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide certain health benefits to local union employees, fund office employees and covered employees of participating employers under collectively bargained agreements.
Contact & location
- Address
- 10401 Connecticut Ave, Kensington, MD, 20895
- City
- Kensington
- State
- Maryland
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $40.4M (FY2013) to $30.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.9MNet assets $273.9M
Operating margin
30.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$275.7M
Total liabilities
$1.9M
Net assets
$273.9M
Salaries & benefits
$2.2M
11% of expenses
Board members
11
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $30,080,630▲17.0% | $20,847,248▼3.9% | $273,877,638▲7.2% | $275,746,545▲7.1% | 990 |
| 2023 | $25,720,380▲15.7% | $21,703,692▼9.3% | $255,582,250▲9.3% | $257,409,746▲9.5% | 990 |
| 2022 | $22,231,474▼68.1% | $23,939,202▼6.6% | $233,926,866▼10.5% | $235,108,207▼10.6% | 990 |
| 2021 | $69,614,282▲102% | $25,621,557▼6.6% | $261,388,970▲4.0% | $262,956,027▲3.7% | 990 |
| 2020 | $34,543,771▲0.5% | $27,432,013▼19.7% | $251,269,489▲8.0% | $253,659,974▲8.1% | 990 |
| 2019 | $34,357,286▼3.7% | $34,168,763▼13.2% | $232,742,449▲6.6% | $234,569,944▲6.8% | 990 |
| 2018 | $35,692,468▼3.4% | $39,380,154▼6.8% | $218,343,918▼5.3% | $219,716,651▼5.4% | 990 |
| 2017 | $36,952,419▲5.3% | $42,235,408 | $230,676,064▼0.2% | $232,267,967▼0.7% | 990 |
| 2016 | $35,091,210▼4.8% | $42,232,922▼5.1% | $231,179,699▼1.4% | $233,850,684▼1.4% | 990 |
| 2015 | $36,854,462▼9.5% | $44,511,176▼5.3% | $234,508,933▼5.7% | $237,080,843▼6.6% | 990 |
| 2014 | $40,719,736▲0.7% | $47,005,129▲5.2% | $248,667,773▼2.1% | $253,932,231▼0.6% | 990 |
| 2013 | $40,434,218 | $44,674,263▼2.2% | $254,035,135▲1.8% | $255,585,116▲0.8% | 990 |
| 2012 | — | $45,687,662▲3.8% | $249,468,029▲3.7% | $253,433,939▲4.1% | 990 |
| 2011 | — | $44,026,302▼0.2% | $240,586,517▲1.0% | $243,373,508▲0.5% | 990 |
| 2010 | — | $44,122,099 | $238,102,972 | $242,065,608 | 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: John Harrison — $95,140 (0.46% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John Harrison | Manager of It | 16 | $95,140 |
| John Beck | Executive Director | 10 | $72,758 |
| Steven Brock | Manager of Admin Services | 8 | $50,346 |
| Margaret Zook | It Research Administrator | 10 | $37,016 |
| Michael Lee | Software Engineer | 10 | $33,567 |
| Thomas Horton | Systems Engineer | 10 | $25,854 |
| Anthony Shelton | Union Trustee/chair | 1 | — |
| Brad Schmidt | Union Trustee | 1 | — |
| Darin Torosian | Employer Trustee | 1 | — |
| Darrell Miller | Employer Trustee | 1 | — |
| David Woods | Union Trustee | 1 | — |
| Jon Mcpherson | Employer Trustee | 1 | — |
| Lou Minella | Er Ttee/secy (thru 06/21/24) | 1 | — |
| Pamela Distefano | Employer Trustee | 1 | — |
| Phil Paturzo | Employer Trustee/secretary | 1 | — |
| Roger Miller | Union Trustee | 1 | — |
| Shad Clark | Union Trustee | 1 | — |
| Zachary L Townsend | Union Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| The Segal Company | Actuary Services | $396,831 |
| Pnc Financial Services | Custodial Services | $274,953 |
| Withumsmithbrownpc | Accounting Services | $186,675 |
| Multi Plan Inc | Medical Admin Fee | $141,057 |
| Hilton Brake | Consultant | $115,183 |
Frequently asked questions
- Is Bakery & Confectionery Union & Industry Intl Health Benefits Fund a legitimate nonprofit?
- Yes. Bakery & Confectionery Union & Industry Intl Health Benefits Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 53-0227042, based in Kensington, Maryland.
- What is Bakery & Confectionery Union & Industry Intl Health Benefits Fund's EIN?
- Bakery & Confectionery Union & Industry Intl Health Benefits Fund's Employer Identification Number (EIN) is 53-0227042.
- How much revenue does Bakery & Confectionery Union & Industry Intl Health Benefits Fund report?
- Bakery & Confectionery Union & Industry Intl Health Benefits Fund reported $30,080,630 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Bakery & Confectionery Union & Industry Intl Health Benefits Fund have?
- CharityIndex grades Bakery & Confectionery Union & Industry Intl Health Benefits Fund B, based on financial health (reserves and operating margin).
- How much does Bakery & Confectionery Union & Industry Intl Health Benefits Fund's highest-paid employee make?
- The highest reported compensation on Bakery & Confectionery Union & Industry Intl Health Benefits Fund's latest Form 990 is $95,140, paid to John Harrison (Manager of It).
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Data for Bakery & Confectionery Union & Industry Intl Health Benefits Fund (EIN 53-0227042) 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.