Central Midwest Regional Council of Carpenters Welfare Fund
Only null% goes to programs Strong reserves Growing revenue
Central Midwest Regional Council of Carpenters Welfare Fund is a 501(c)(9) organization based in Troy, Michigan, registered in 2011, with $253,448,504 in FY2024 revenue. CharityIndex grades it A.
700 Tower Dr Ste 300, Troy, MI, 48098 EIN 45-0593187 Since 2011
Revenue (FY2024)
$253.4M
▲ 60.0% vs prior year
Membership median: $185K
Expenses (FY2024)
$242.6M
Net assets
$556.5M
Employees
96
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—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 Central Midwest Regional Council of Carpenters 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 rating28 mo reserves · +4% 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 Central Midwest Regional Council of Carpenters Welfare Fund: 28 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Central Midwest Regional Council of Carpenters Welfare Fund: 6 of 6 checks met earns a A+ 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 Central Midwest Regional Council of Carpenters Welfare Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide health benefits
Contact & location
- Address
- 700 Tower Dr Ste 300, Troy, MI, 48098
- City
- Troy
- State
- Michigan
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $112.3M (FY2013) to $253.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $39.6MNet assets $556.5M
Operating margin
4.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$596.2M
Total liabilities
$39.6M
Net assets
$556.5M
Salaries & benefits
$0
0% of expenses
Board members
24
24 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $253,448,504▲60.0% | $242,554,744▲64.3% | $556,518,417▲234% | $596,163,884▲248% | 990 |
| 2023 | $158,432,138▲5.2% | $147,669,559▲0.3% | $166,465,536▲7.5% | $171,432,232▲5.5% | 990 |
| 2022 | $150,596,171▲7.2% | $147,297,839▲11.6% | $154,832,336▲0.7% | $162,421,504▲1.7% | 990 |
| 2021 | $140,525,924▲1.8% | $132,001,656▲2.9% | $153,737,440▼1.1% | $159,685,153▼0.9% | 990 |
| 2020 | $138,078,421▼4.7% | $128,318,851▼9.3% | $155,382,007▲9.9% | $161,138,110▲10.5% | 990 |
| 2019 | $144,946,153▲3.8% | $141,450,799▼0.4% | $141,392,759▲4.6% | $145,853,311▲4.4% | 990 |
| 2018 | $139,658,942▲8.5% | $141,959,014▲7.3% | $135,228,127▼0.7% | $139,693,242▼1.6% | 990 |
| 2017 | $128,733,404▲5.5% | $132,267,641▼1.4% | $136,171,143▼4.8% | $141,898,007▼3.3% | 990 |
| 2016 | $121,998,085▲1.3% | $134,127,722▼5.3% | $143,068,430▼7.2% | $146,790,687▼7.6% | 990 |
| 2015 | $120,491,210▼1.7% | $141,611,894▲16.1% | $154,176,534▼13.8% | $158,808,993▼12.7% | 990 |
| 2014 | $122,595,499▲9.1% | $121,930,418▲18.6% | $178,901,486▼0.7% | $181,978,907▼2.1% | 990 |
| 2013 | $112,343,089 | $102,769,028▼10.9% | $180,238,684▲3.1% | $185,852,428▲2.9% | 990 |
| 2012 | — | $115,352,682▲14.5% | $174,812,863▼0.2% | $180,673,257▼6.0% | 990 |
| 2011 | — | $100,709,712▲21.4% | $175,160,820▲27.9% | $192,275,174▲33.9% | 990 |
| 2010 | — | $82,962,068 | $136,991,542 | $143,545,496 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Aaron Hall | Trustee - Past | 1 | — |
| Adam Fedak | Trustee | 1 | — |
| Alan Hibbard | Trustee | 1 | — |
| Andy Binkely | Trustee | 1 | — |
| Andy Tropp | Trustee | 1 | — |
| Anthony Holbrook | Trustee - Past | 1 | — |
| Antonio Di Tommaso | Trustee | 1 | — |
| Art Lindrose | Trustee | 1 | — |
| Bill Hasse | Trustee | 1 | — |
| Carey Weddle | Trustee | 1 | — |
| Charles Davis | Trustee | 1 | — |
| Clark Townsend | Trustee | 1 | — |
| Daniel Edwards | Trustee | 1 | — |
| Dan Sivertson | Trustee - Past | 1 | — |
| Derrick Anderson | Trustee | 1 | — |
| James Melaragno | Trustee - Past | 1 | — |
| Jason Clark | Trustee - Past | 1 | — |
| Jim Fox | Trustee - Past | 1 | — |
| Jim Hacker | Trustee | 1 | — |
| Jim Lawler | Trustee - Past | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Benesys Inc | Administration | $3,698,049 |
| Central Midwest Regional Council of Carp | Administration | $274,988 |
| Asherkelly | Legal Fees | $216,270 |
| American Graphics Printing | Printing | $175,987 |
| United Actuarial Services | Actuarial | $148,417 |
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Compare Central Midwest Regional Council of Carpenters Welfare Fund
Frequently asked questions
- Is Central Midwest Regional Council of Carpenters Welfare Fund a legitimate nonprofit?
- Yes. Central Midwest Regional Council of Carpenters Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 45-0593187, based in Troy, Michigan.
- What is Central Midwest Regional Council of Carpenters Welfare Fund's EIN?
- Central Midwest Regional Council of Carpenters Welfare Fund's Employer Identification Number (EIN) is 45-0593187.
- How much revenue does Central Midwest Regional Council of Carpenters Welfare Fund report?
- Central Midwest Regional Council of Carpenters Welfare Fund reported $253,448,504 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Central Midwest Regional Council of Carpenters Welfare Fund have?
- CharityIndex grades Central Midwest Regional Council of Carpenters Welfare Fund A, based on financial health (reserves and operating margin).
- How much does Central Midwest Regional Council of Carpenters Welfare Fund's highest-paid employee make?
- The highest reported compensation on Central Midwest Regional Council of Carpenters Welfare Fund's latest Form 990 is $0, paid to Aaron Hall (Trustee - Past).
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Data for Central Midwest Regional Council of Carpenters Welfare Fund (EIN 45-0593187) 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.