Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund is a 501(c)(9) organization based in Troy, Michigan, registered in 1966, with $15,087,417 in FY2023 revenue. CharityIndex grades it B.
5600 New King Dr Ste 330, Troy, MI, 48098 EIN 38-6156571 Since 1966
Revenue (FY2023)
$15.1M
▲ 3.7% vs prior year
Expenses (FY2023)
$13.6M
Net assets
$14.4M
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 Kalamazoo Steamfitters & Pipefitter S Local 357 Health & 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 rating13 mo reserves · +10% 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 Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund: 13 mo reserves · +10% 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 Kalamazoo Steamfitters & Pipefitter S Local 357 Health & 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 →
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 Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $7.2M (FY2013) to $15.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $7.6MNet assets $14.4M
Operating margin
10.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$21.9M
Total liabilities
$7.6M
Net assets
$14.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $15,087,417▲3.7% | $13,552,316▼9.6% | $14,361,303▲36.8% | $21,927,603▲15.1% | 990 |
| 2022 | $14,550,896▲6.5% | $14,994,406▲13.6% | $10,500,665▼6.5% | $19,048,175▲10.1% | 990 |
| 2021 | $13,659,462▼4.1% | $13,200,918▲19.0% | $11,232,245▼19.7% | $17,296,602▼12.1% | 990 |
| 2020 | $14,246,042▲20.8% | $11,093,297▲18.2% | $13,996,397▲33.5% | $19,682,824▲38.4% | 990 |
| 2019 | $11,796,066▲2.0% | $9,382,254▼20.7% | $10,482,091▲23.0% | $14,219,689▲13.3% | 990 |
| 2018 | $11,566,239▲19.4% | $11,835,149▲32.0% | $8,525,271▼8.1% | $12,546,303▼1.9% | 990 |
| 2017 | $9,683,550▲10.5% | $8,965,580▲16.6% | $9,273,426▲8.2% | $12,795,540▲12.0% | 990 |
| 2016 | $8,764,664▲10.1% | $7,689,053▼26.9% | $8,568,438▲37.0% | $11,423,664▲15.3% | 990 |
| 2015 | $7,958,557▲0.3% | $10,518,312▲47.6% | $6,255,059▼35.8% | $9,904,112▲1.1% | 990 |
| 2014 | $7,931,091▲10.3% | $7,127,651▲7.8% | $9,750,468▲6.8% | $9,798,135▲7.1% | 990 |
| 2013 | $7,188,279 | $6,614,180▼5.1% | $9,126,390▲8.1% | $9,151,844▲8.1% | 990 |
| 2012 | — | $6,967,249▲13.2% | $8,441,979▼3.5% | $8,465,451▼3.4% | 990 |
| 2011 | — | $6,155,312▲8.2% | $8,745,716▲11.8% | $8,760,227▲11.8% | 990 |
| 2010 | — | $5,688,950 | $7,822,877 | $7,833,693 | 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.
Frequently asked questions
- Is Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund a legitimate nonprofit?
- Yes. Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 38-6156571, based in Troy, Michigan.
- What is Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund's EIN?
- Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund's Employer Identification Number (EIN) is 38-6156571.
- How much revenue does Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund report?
- Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund reported $15,087,417 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund have?
- CharityIndex grades Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund B, based on financial health (reserves and operating margin).
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Data for Kalamazoo Steamfitters & Pipefitter S Local 357 Health & Welfare Fund (EIN 38-6156571) 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.