International Operating Engineers Union 49 Health and Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
International Operating Engineers Union 49 Health and Welfare Fund is a 501(c)(9) organization based in Bloomington, Minnesota, registered in 1980, with $291,167,769 in FY2024 revenue. CharityIndex grades it A.
3001 Metro Dr Ste 500, Bloomington, MN, 55425 EIN 23-7015120 Since 1980
Revenue (FY2024)
$291.2M
▲ 7.6% vs prior year
Expenses (FY2024)
$293.4M
Net assets
$274.2M
Employees
916
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 International Operating Engineers Union 49 Health and 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 rating11 mo reserves · -1% 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 International Operating Engineers Union 49 Health and Welfare Fund: 11 mo reserves · -1% 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 International Operating Engineers Union 49 Health and Welfare Fund: 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 International Operating Engineers Union 49 Health and Welfare Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Health and welfare fund
Contact & location
- Address
- 3001 Metro Dr Ste 500, Bloomington, MN, 55425
- City
- Bloomington
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $141.1M (FY2013) to $291.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $9.1MNet assets $274.2M
Operating margin
-0.8%
Spent more than it raised in the latest fiscal year.
Total assets
$283.3M
Total liabilities
$9.1M
Net assets
$274.2M
Salaries & benefits
$0
0% of expenses
Board members
8
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $291,167,769▲7.6% | $293,429,677▲6.1% | $274,230,848▲3.3% | $283,290,829▲3.8% | 990 |
| 2023 | $270,552,928▲11.7% | $276,642,390▲4.0% | $265,565,935▲4.2% | $273,000,965▲4.5% | 990 |
| 2022 | $242,223,199▲4.3% | $266,059,773▲5.4% | $254,754,381▼9.3% | $261,152,900▼8.9% | 990 |
| 2021 | $232,318,179▲1.2% | $252,393,049▲19.1% | $280,894,972▼14.2% | $286,515,108▼14.0% | 990 |
| 2020 | $229,673,316▲7.6% | $211,876,116▲4.3% | $327,340,177▲21.2% | $333,006,559▲21.0% | 990 |
| 2019 | $213,352,248▲5.3% | $203,160,625▼4.7% | $270,137,425▲4.0% | $275,244,066▲4.0% | 990 |
| 2018 | $202,617,145▲8.1% | $213,210,786▲18.3% | $259,631,441▼5.2% | $264,597,271▼5.1% | 990 |
| 2017 | $187,518,459▲5.5% | $180,251,900▲3.3% | $273,753,316▲5.8% | $278,920,254▲5.9% | 990 |
| 2016 | $177,763,021▲7.2% | $174,414,748▲12.0% | $258,691,804▲7.5% | $263,502,083▲7.6% | 990 |
| 2015 | $165,808,236▲5.0% | $155,685,143▲8.7% | $240,633,194▲1.9% | $244,910,257▲1.8% | 990 |
| 2014 | $157,887,795▲11.9% | $143,240,083▲14.0% | $236,040,513▲7.9% | $240,647,325▲7.7% | 990 |
| 2013 | $141,071,290 | $125,632,795▲3.7% | $218,837,863▲12.4% | $223,469,719▲12.7% | 990 |
| 2012 | — | $121,201,358▲18.8% | $194,651,398▲6.6% | $198,266,368▲6.2% | 990 |
| 2011 | — | $101,997,409▲3.7% | $182,611,684▲9.4% | $186,742,074▲9.6% | 990 |
| 2010 | — | $98,334,896 | $166,850,638 | $170,379,821 | 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 |
|---|---|---|---|
| Brendan Carter | Trustee | 2 | — |
| Dan Snidarich | Alternate Trustee | 2 | — |
| Eugene Grover | Trustee | 2 | — |
| Jason George | Chairman - Past | 2 | — |
| Kayla Kipf | Trustee | 2 | — |
| Ronald Boesel | Trustee | 2 | — |
| Ryan Davies | Secretary | 2 | — |
| Ryan Mccausland | Alternate Trustee | 2 | — |
| Tim Olson | Trustee | 2 | — |
| Timothy Gillen | Chairman | 2 | — |
| Tony Frattalone | Trustee | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Wilson-mcshane Corporation | Third Party Administrator | $3,787,831 |
| Bluecross Blueshield of Mn | Ppo Access Fee | $3,625,842 |
| Team Corporation | Employee Assistance Program | $1,272,663 |
| Health Guage | Health Screening Services | $591,715 |
| Segal Consulting | Benefit Consultant | $370,914 |
Frequently asked questions
- Is International Operating Engineers Union 49 Health and Welfare Fund a legitimate nonprofit?
- Yes. International Operating Engineers Union 49 Health and Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 23-7015120, based in Bloomington, Minnesota.
- What is International Operating Engineers Union 49 Health and Welfare Fund's EIN?
- International Operating Engineers Union 49 Health and Welfare Fund's Employer Identification Number (EIN) is 23-7015120.
- How much revenue does International Operating Engineers Union 49 Health and Welfare Fund report?
- International Operating Engineers Union 49 Health and Welfare Fund reported $291,167,769 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does International Operating Engineers Union 49 Health and Welfare Fund have?
- CharityIndex grades International Operating Engineers Union 49 Health and Welfare Fund A, based on financial health (reserves and operating margin).
- How much does International Operating Engineers Union 49 Health and Welfare Fund's highest-paid employee make?
- The highest reported compensation on International Operating Engineers Union 49 Health and Welfare Fund's latest Form 990 is $0, paid to Brendan Carter (Trustee).
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Data for International Operating Engineers Union 49 Health and Welfare Fund (EIN 23-7015120) 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.