Iron Workers Local 549 & 550 Medical & Benefit Fund
Only null% goes to programs Strong reserves
Iron Workers Local 549 & 550 Medical & Benefit Fund is a 501(c)(9) organization based in Ona, West Virginia, registered in 2013, with $12,689,971 in FY2024 revenue. CharityIndex grades it B.
9200 Us Route 60, Ona, WV, 25545 EIN 51-0168650 Since 2013
Revenue (FY2024)
$12.7M
▲ 2.0% vs prior year
Membership median: $185K
Expenses (FY2024)
$10.6M
Net assets
$15.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Iron Workers Local 549 & 550 Medical & Benefit 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 rating18 mo reserves · +17% 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 Iron Workers Local 549 & 550 Medical & Benefit Fund: 18 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Iron Workers Local 549 & 550 Medical & Benefit Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Iron Workers Local 549 & 550 Medical & Benefit Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 9200 Us Route 60, Ona, WV, 25545
- City
- Ona
- State
- West Virginia
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Website
- …
Financial trends
Revenue grew from $8.4M (FY2013) to $12.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.8MNet assets $15.4M
Operating margin
16.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$17.2M
Total liabilities
$1.8M
Net assets
$15.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $12,689,971▲2.0% | $10,585,272▼7.9% | $15,444,105▲12.0% | $17,203,695▲10.7% | 990 |
| 2023 | $12,445,760▲15.8% | $11,496,226▲16.2% | $13,794,197▲1.6% | $15,535,045▲13.3% | 990 |
| 2022 | $10,746,923▼2.8% | $9,892,207▼5.0% | $13,582,908▲3.6% | $13,711,104▲3.4% | 990 |
| 2021 | $11,059,495▲12.6% | $10,408,508▲12.1% | $13,106,716▲3.8% | $13,260,484▲3.7% | 990 |
| 2020 | $9,826,274▼10.3% | $9,285,176▼7.7% | $12,628,399▲9.8% | $12,782,578▲9.4% | 990 |
| 2019 | $10,960,542▼3.2% | $10,058,717▼1.2% | $11,502,221▲7.1% | $11,681,392▲7.3% | 990 |
| 2018 | $11,323,448▲19.2% | $10,182,230▲1.5% | $10,738,200▲12.8% | $10,888,491▲13.3% | 990 |
| 2017 | $9,502,325▲13.5% | $10,036,417▲1.7% | $9,521,440▼5.4% | $9,610,557▼6.0% | 990 |
| 2016 | $8,369,531▲19.2% | $9,869,967▲6.4% | $10,069,929▼12.4% | $10,221,070▼12.1% | 990 |
| 2015 | $7,023,013▼12.2% | $9,273,351▼3.7% | $11,500,654▼16.9% | $11,632,700▼16.7% | 990 |
| 2014 | $7,998,124▼5.3% | $9,628,527▲14.7% | $13,838,144▼11.4% | $13,968,010▼11.5% | 990 |
| 2013 | $8,447,801 | $8,391,355 | $15,614,927 | $15,784,011 | 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.
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Frequently asked questions
- Is Iron Workers Local 549 & 550 Medical & Benefit Fund a legitimate nonprofit?
- Yes. Iron Workers Local 549 & 550 Medical & Benefit Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 51-0168650, based in Ona, West Virginia.
- What is Iron Workers Local 549 & 550 Medical & Benefit Fund's EIN?
- Iron Workers Local 549 & 550 Medical & Benefit Fund's Employer Identification Number (EIN) is 51-0168650.
- How much revenue does Iron Workers Local 549 & 550 Medical & Benefit Fund report?
- Iron Workers Local 549 & 550 Medical & Benefit Fund reported $12,689,971 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Iron Workers Local 549 & 550 Medical & Benefit Fund have?
- CharityIndex grades Iron Workers Local 549 & 550 Medical & Benefit Fund B, based on financial health (reserves and operating margin).
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Data for Iron Workers Local 549 & 550 Medical & Benefit Fund (EIN 51-0168650) 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.