Indiana Laborers Welfare Fund
501(c)(9)
Strong reserves Growing revenue
Indiana Laborers Welfare Fund is a 501(c)(9) organization based in Terre Haute, Indiana, registered in 1957, with $142,979,855 in FY2023 revenue.
Po Box 1587, Terre Haute, IN, 47808 EIN 35-0923209 Since 1957
Revenue (FY2023)
$143.0M
▲ 12.3% vs prior year
Expenses (FY2023)
$112.4M
Net assets
$380.8M
Employees
305
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 Indiana Laborers 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 rating41 mo reserves · +21% 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 Indiana Laborers Welfare Fund: 41 mo reserves · +21% 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 Indiana Laborers Welfare Fund: 6 of 6 checks met earns a A+ 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 Indiana Laborers Welfare Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide health & welfare benefits to members
Contact & location
- Address
- Po Box 1587, Terre Haute, IN, 47808
- City
- Terre Haute
- State
- Indiana
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $85.8M (FY2013) to $143.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $24.9MNet assets $380.8M
Operating margin
21.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$405.6M
Total liabilities
$24.9M
Net assets
$380.8M
Salaries & benefits
$2.7M
2% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $142,979,855▲12.3% | $112,390,431▲16.2% | $380,752,098▲18.0% | $405,611,854▲17.5% | 990 |
| 2022 | $127,344,309▲21.9% | $96,699,793▲1.2% | $322,782,712▲15.9% | $345,262,609▲14.1% | 990 |
| 2021 | $104,451,795▼11.5% | $95,511,680▼5.5% | $278,438,758▲1.9% | $302,582,748▲1.7% | 990 |
| 2020 | $117,994,109▲14.7% | $101,017,831▼2.8% | $273,177,531▲9.1% | $297,651,155▲7.8% | 990 |
| 2019 | $102,892,384▲0.3% | $103,908,288▲11.3% | $250,407,106▲3.2% | $276,143,032▲5.7% | 990 |
| 2018 | $102,595,527▲3.9% | $93,354,421▼5.2% | $242,669,917▲10.2% | $261,228,383▲8.0% | 990 |
| 2017 | $98,780,027▲4.6% | $98,435,322▼3.4% | $220,112,860▼3.2% | $241,777,245▼2.4% | 990 |
| 2016 | $94,475,865▲12.6% | $101,924,231▲10.1% | $227,337,873▼2.7% | $247,827,040▼0.3% | 990 |
| 2015 | $83,909,425▲3.1% | $92,578,241▲5.3% | $233,609,088▼2.2% | $248,679,933▼1.1% | 990 |
| 2014 | $81,363,687▼5.1% | $87,888,131▲14.8% | $238,752,225▼5.0% | $251,553,733▼4.0% | 990 |
| 2013 | $85,753,385 | $76,535,956▲2.2% | $251,349,676▲4.5% | $262,096,832▲4.2% | 990 |
| 2012 | — | $74,919,082▼4.8% | $240,595,672▲10.1% | $251,648,280▲9.4% | 990 |
| 2011 | — | $78,689,933▲7.6% | $218,484,731▲12.4% | $230,023,390▲12.2% | 990 |
| 2010 | — | $73,132,844▲9.3% | $194,342,039▲4.2% | $205,047,764▲7.8% | 990 |
| 2009 | — | $66,917,898 | $186,572,615 | $190,179,949 | 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 (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andrew Angel | Trustee | 1 | — |
| Brian Short | Treasurer | 1 | — |
| Butch Mcareavy | Trustee | 1 | — |
| Danny Stults | Trustee | 1 | — |
| Dave Podlogar | Trustee | 1 | — |
| James W Daniels | Trustee | 1 | — |
| Jeffery Chapman | Trustee | 1 | — |
| Jeremy Ayres | Trustee | 1 | — |
| Jim Mcdonald | Chairman | 1 | — |
| Jim Terry | Trustee | 1 | — |
| Kevin Roach | Trustee | 1 | — |
| Mike Ferrara | Trustee | 1 | — |
| Murray Miller | Trustee | 1 | — |
| William A Hasse III | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Anthem Inc | Med Claims Proc | $3,815,750 |
| Hines Management Healthcare | Med Claims Proc | $1,043,113 |
| Ifm Global Infrastructure | Investment Mgmt | $281,838 |
| Delta Dental | Med Claims Proc | $279,599 |
| Beach Point Loan Fund | Investment Mgmt | $233,909 |
Frequently asked questions
- Is Indiana Laborers Welfare Fund a legitimate nonprofit?
- Yes. Indiana Laborers Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 35-0923209, based in Terre Haute, Indiana.
- What is Indiana Laborers Welfare Fund's EIN?
- Indiana Laborers Welfare Fund's Employer Identification Number (EIN) is 35-0923209.
- How much revenue does Indiana Laborers Welfare Fund report?
- Indiana Laborers Welfare Fund reported $142,979,855 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Indiana Laborers Welfare Fund's highest-paid employee make?
- The highest reported compensation on Indiana Laborers Welfare Fund's latest Form 990 is $0, paid to Andrew Angel (Trustee).
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Explore more
Data for Indiana Laborers Welfare Fund (EIN 35-0923209) 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.