Ibew 292 Health Care Plan
501(c)(9)
Only null% goes to programs Strong reserves
Ibew 292 Health Care Plan is a 501(c)(9) organization based in Brooklyn Park, Minnesota, registered in 1980, with $86,209,442 in FY2024 revenue. CharityIndex grades it A.
6700 W Broadway Ave Ste B, Brooklyn Park, MN, 55428 EIN 41-1384754 Since 1980
Revenue (FY2024)
$86.2M
▲ 7.5% vs prior year
Expenses (FY2024)
$76.9M
Net assets
$215.6M
Employees
167
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 Ibew 292 Health Care Plan— 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 rating34 mo reserves · +11% 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 Ibew 292 Health Care Plan: 34 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Ibew 292 Health Care Plan: 5 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 Ibew 292 Health Care Plan: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide health and welfare benefits
Contact & location
- Address
- 6700 W Broadway Ave Ste B, Brooklyn Park, MN, 55428
- City
- Brooklyn Park
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $45.2M (FY2013) to $86.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $213KNet assets $215.6M
Operating margin
10.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$215.8M
Total liabilities
$213K
Net assets
$215.6M
Salaries & benefits
$1.0M
1% of expenses
Board members
6
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $86,209,442▲7.5% | $76,874,338▲11.4% | $215,599,506▲7.5% | $215,812,014▲7.6% | 990 |
| 2023 | $80,190,508▲10.1% | $69,027,783▲7.1% | $200,531,807▲8.3% | $200,546,784▲6.0% | 990 |
| 2022 | $72,822,692▼4.5% | $64,468,222▲1.7% | $185,214,819▲4.2% | $189,190,377▲6.3% | 990 |
| 2021 | $76,280,696▲5.7% | $63,414,251▲10.2% | $177,710,649▲2.5% | $177,979,838▲1.7% | 990 |
| 2020 | $72,168,030▼7.9% | $57,533,853▼9.2% | $173,341,132▲17.4% | $175,025,978▲13.5% | 990 |
| 2019 | $78,358,570▲1.6% | $63,330,456▼11.7% | $147,668,863▲13.5% | $154,174,573▲18.2% | 990 |
| 2018 | $77,143,242▲13.6% | $71,711,147▲11.1% | $130,067,573▲4.2% | $130,398,771▲4.0% | 990 |
| 2017 | $67,888,396▲14.5% | $64,545,924▲0.8% | $124,847,643▲5.2% | $125,335,957▲5.6% | 990 |
| 2016 | $59,284,885▲5.2% | $64,019,655▲18.7% | $118,629,880▲0.5% | $118,695,961▲0.5% | 990 |
| 2015 | $56,332,018▲7.5% | $53,924,741▲9.0% | $118,057,733▲2.3% | $118,111,621▲2.0% | 990 |
| 2014 | $52,423,478▲16.0% | $49,492,902▲14.4% | $115,363,138▲6.0% | $115,774,508▲6.2% | 990 |
| 2013 | $45,210,284 | $43,275,573▲1.7% | $108,825,754▲5.5% | $109,051,060▲5.1% | 990 |
| 2012 | — | $42,546,022▲6.7% | $103,153,832▲5.4% | $103,712,979▲5.8% | 990 |
| 2011 | — | $39,874,217▲7.9% | $97,863,911▲5.6% | $97,996,468▲5.6% | 990 |
| 2010 | — | $36,952,417 | $92,700,175 | $92,805,306 | 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: Carla Gruetzmacher — $172,975 (0.23% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Carla Gruetzmacher | Administrative Manager | 36 | $172,975 |
| Ann Kellen | Finance Manager | 20 | $143,707 |
| Dan Ferguson | Labor Trustee - Chairman | 2 | — |
| Jeffrey Heimerl | Labor Trustee | 0.5 | — |
| Jennifer Mudge | Labor Trustee | 2 | — |
| Jerry Hein | Management Trustee - Secre | 0.5 | — |
| John Kripotos | Labor Trustee - Alternate | 2 | — |
| Kristin Causby | Management Trustee | 1 | — |
| Laura Karow | Management Trustee | 1 | — |
| Ryan Morris | Management Trustee - Alternate | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| United Healthcare | Claims Network Access | $1,658,435 |
| Bridgeway Benefit Technologies LLC | Administration Platform | $247,560 |
| Shumaker Loop & Kendrick LLP | Legal | $225,815 |
| Delta Dental | Claims Network Access | $222,040 |
| Team Corporation | Employee Assistance Program | $154,435 |
Frequently asked questions
- Is Ibew 292 Health Care Plan a legitimate nonprofit?
- Yes. Ibew 292 Health Care Plan is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 41-1384754, based in Brooklyn Park, Minnesota.
- What is Ibew 292 Health Care Plan's EIN?
- Ibew 292 Health Care Plan's Employer Identification Number (EIN) is 41-1384754.
- How much revenue does Ibew 292 Health Care Plan report?
- Ibew 292 Health Care Plan reported $86,209,442 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Ibew 292 Health Care Plan have?
- CharityIndex grades Ibew 292 Health Care Plan A, based on financial health (reserves and operating margin).
- How much does Ibew 292 Health Care Plan's highest-paid employee make?
- The highest reported compensation on Ibew 292 Health Care Plan's latest Form 990 is $172,975, paid to Carla Gruetzmacher (Administrative Manager).
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Data for Ibew 292 Health Care Plan (EIN 41-1384754) 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.