Itpeu Health & Welfare Fund
501(c)(9)
100% goes to programs Strong reserves Growing revenue
Itpeu Health & Welfare Fund is a 501(c)(9) organization based in Savannah, Georgia, registered in 1976, with $71,230,216 in FY2024 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
25 Chatham Center South Ste 100, Savannah, GA, 31405 EIN 58-1236802 Since 1976
Revenue (FY2024)
$71.2M
▲ 9.5% vs prior year
Expenses (FY2024)
$61.4M
Net assets
$82.4M
Employees
346
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 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs
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. For Itpeu Health & Welfare Fund: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +14% 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 Itpeu Health & Welfare Fund: 16 mo reserves · +14% margin earns a A on this criterion. See the exact thresholds →
C+Governance25% of the rating3 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 Itpeu Health & Welfare Fund: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Itpeu Health & Welfare Fund: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Multi-employer employee benefits
What they do
Provided health and welfare benefits for 7,402 plan participants and their eligible dependents.
Contact & location
Financial trends
Revenue grew from $57.5M (FY2013) to $71.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $18.0MNet assets $82.4M
Operating margin
13.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$100.4M
Total liabilities
$18.0M
Net assets
$82.4M
Salaries & benefits
$905K
1% of expenses
Board members
12
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $71,230,216▲9.5% | $61,408,370▲0.2% | $82,374,027▲17.9% | $100,411,001▲16.1% | 990 |
| 2023 | $65,025,966▲8.1% | $61,273,850▲2.2% | $69,847,647▲11.1% | $86,492,331▲11.1% | 990 |
| 2022 | $60,175,216▲3.0% | $59,967,763▲7.9% | $62,873,427▲1.2% | $77,877,849▲3.9% | 990 |
| 2021 | $58,416,177▼7.6% | $55,572,830▲4.6% | $62,103,815▼4.8% | $74,956,033▼5.6% | 990 |
| 2020 | $63,191,898▲1.2% | $53,118,913▼14.5% | $65,249,987▲21.1% | $79,390,827▲16.4% | 990 |
| 2019 | $62,415,178▼3.4% | $62,120,588▲4.8% | $53,894,338▲4.0% | $68,193,959▲4.6% | 990 |
| 2018 | $64,629,323▼1.2% | $59,263,550▲1.1% | $51,846,379▲16.2% | $65,193,764▲11.5% | 990 |
| 2017 | $65,420,087▲0.8% | $58,601,453▼23.7% | $44,609,652▲14.5% | $58,473,122▲1.5% | 990 |
| 2016 | $64,904,679▲3.8% | $76,843,612▲17.6% | $38,975,869▼24.3% | $57,626,041▼12.8% | 990 |
| 2015 | $62,532,769▲3.6% | $65,363,135▲6.4% | $51,484,217▼4.8% | $66,072,289▼4.0% | 990 |
| 2014 | $60,338,542▲4.9% | $61,437,302▲2.8% | $54,101,063▼2.1% | $68,859,152▼4.4% | 990 |
| 2013 | $57,509,766 | $59,784,948▼13.6% | $55,276,490▼10.7% | $72,057,381▼8.0% | 990 |
| 2011 | — | $69,214,668▲8.5% | $61,892,051▼8.2% | $78,303,757▼6.0% | 990 |
| 2010 | — | $63,790,847 | $67,398,737 | $83,285,826 | 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: Kathy Heery — $120,838 (0.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kathy Heery | Administrato | 40 | $120,838 |
| Janice Ambrose | Controller | 40 | $85,140 |
| Denise Moore | Trustee | 0.5 | — |
| Dennis Arrington | Co-chair | 0.5 | — |
| Don James | Trustee | 0.5 | — |
| Harold E Gelber | Co-chair | 0.5 | — |
| Jerry M Bowden | Trustee | 0.5 | — |
| John Brenton IV | Co-chair | 0.5 | — |
| John Ximenes | Trustee | 0.5 | — |
| Lena Bailey | V Co-chair | 0.5 | — |
| Leonard Cabrera | V. Co-chair | 0.5 | — |
| Patty Foley | Trustee | 0.5 | — |
| Trina Williams | Trustee | 0.5 | — |
| Wilma Zimmerman | Trustee | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Anthem Blue Cross and Blue Shield | Claims Admin | $3,607,361 |
| Bridgeway | Software Maint | $338,000 |
| Howard Moore & Mcduffie PC | Auditor | $150,971 |
Frequently asked questions
- Is Itpeu Health & Welfare Fund a legitimate nonprofit?
- Yes. Itpeu Health & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 58-1236802, based in Savannah, Georgia.
- What is Itpeu Health & Welfare Fund's EIN?
- Itpeu Health & Welfare Fund's Employer Identification Number (EIN) is 58-1236802.
- How much revenue does Itpeu Health & Welfare Fund report?
- Itpeu Health & Welfare Fund reported $71,230,216 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Itpeu Health & Welfare Fund's spending goes to programs?
- Itpeu Health & Welfare Fund spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Itpeu Health & Welfare Fund have?
- CharityIndex grades Itpeu Health & Welfare Fund B+, based on program efficiency and fundraising cost.
- How much does Itpeu Health & Welfare Fund's highest-paid employee make?
- The highest reported compensation on Itpeu Health & Welfare Fund's latest Form 990 is $120,838, paid to Kathy Heery (Administrato).
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Data for Itpeu Health & Welfare Fund (EIN 58-1236802) 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.