Johnson Controls Inc Retiree Welfare Trust
100% goes to programs Strong reserves Declining revenue
Johnson Controls Inc Retiree Welfare Trust is a 501(c)(9) organization based in Glendale, Wisconsin, registered in 2014, with $2,025,962 in FY2024 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
5757 N Green Bay Ave Msc X-, Glendale, WI, 53209 EIN 45-6420054 Since 2014
Revenue (FY2024)
$2.0M
▼ 20.8% vs prior year
Membership median: $185K
Expenses (FY2024)
$9.6M
Net assets
$159.6M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
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 Johnson Controls Inc Retiree Welfare Trust: 100% to programs earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating201 mo reserves · -371% 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 Johnson Controls Inc Retiree Welfare Trust: 201 mo reserves · -371% margin earns a F 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 Johnson Controls Inc Retiree Welfare Trust: 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 Johnson Controls Inc Retiree Welfare Trust: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide medical, health & life insurance benefits under designated benefits programs to eligible union & non-union retired employees of johnson controls, inc. and certain affiliated companies.
Contact & location
- Address
- 5757 N Green Bay Ave Msc X-, Glendale, WI, 53209
- City
- Glendale
- State
- Wisconsin
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $11.1M (FY2013) to $2.0M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.2MNet assets $159.6M
Operating margin
-371.4%
Spent more than it raised in the latest fiscal year.
Total assets
$160.9M
Total liabilities
$1.2M
Net assets
$159.6M
Salaries & benefits
$0
0% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,025,962▼20.8% | $9,551,095▼24.1% | $159,615,747▲7.3% | $160,855,134▲7.4% | 990 |
| 2023 | $2,559,418▼7.8% | $12,579,200▼9.6% | $148,740,330▲8.7% | $149,786,768▲6.0% | 990 |
| 2022 | $2,775,803▼15.9% | $13,912,569▲8.6% | $136,832,723▼19.9% | $141,359,465▼18.8% | 990 |
| 2021 | $3,298,684▼15.6% | $12,808,861▼24.3% | $170,748,305▲4.8% | $174,046,177▲5.3% | 990 |
| 2020 | $3,908,121▼29.6% | $16,924,520▼19.4% | $162,897,024▼0.1% | $165,245,895▼1.2% | 990 |
| 2019 | $5,548,142▼25.1% | $21,008,059▼6.9% | $163,020,839▲3.0% | $167,230,260▲4.8% | 990 |
| 2018 | $7,405,436▼4.6% | $22,570,576▲8.1% | $158,326,979▼9.7% | $159,550,796▼9.8% | 990 |
| 2016 | $7,762,986▲625% | $20,885,584▼10.9% | $175,326,250▼7.0% | $176,864,801▼7.2% | 990 |
| 2015 | -$1,479,899▼102% | $23,440,840▲88.5% | $188,448,848▼11.7% | $190,682,820▼11.3% | 990 |
| 2014 | $81,219,386▲629% | $12,437,723▲17.4% | $213,369,570▲47.6% | $214,925,221▲47.8% | 990 |
| 2013 | $11,141,800 | $10,595,596 | $144,587,907 | $145,421,319 | 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 |
|---|---|---|---|
| Jody Yaeger | Vp Global Total Rewards | 1 | — |
| Kathy Mlada | Vp Hr Benefits & Global Payroll | 1 | — |
| Marc Vandiepenbeeck | Chief Financial Officer | 1 | — |
| Marlon J Sullivan | Chief Human Resources Officer | 1 | — |
| Pieter Lens | Treasurer | 1 | — |
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Compare Johnson Controls Inc Retiree Welfare Trust
Frequently asked questions
- Is Johnson Controls Inc Retiree Welfare Trust a legitimate nonprofit?
- Yes. Johnson Controls Inc Retiree Welfare Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 45-6420054, based in Glendale, Wisconsin.
- What is Johnson Controls Inc Retiree Welfare Trust's EIN?
- Johnson Controls Inc Retiree Welfare Trust's Employer Identification Number (EIN) is 45-6420054.
- How much revenue does Johnson Controls Inc Retiree Welfare Trust report?
- Johnson Controls Inc Retiree Welfare Trust reported $2,025,962 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Johnson Controls Inc Retiree Welfare Trust's spending goes to programs?
- Johnson Controls Inc Retiree Welfare Trust spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Johnson Controls Inc Retiree Welfare Trust have?
- CharityIndex grades Johnson Controls Inc Retiree Welfare Trust C, based on program efficiency and fundraising cost.
- How much does Johnson Controls Inc Retiree Welfare Trust's highest-paid employee make?
- The highest reported compensation on Johnson Controls Inc Retiree Welfare Trust's latest Form 990 is $0, paid to Jody Yaeger (Vp Global Total Rewards).
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Data for Johnson Controls Inc Retiree Welfare Trust (EIN 45-6420054) 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.