Laborers Local 231 Health & Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Laborers Local 231 Health & Welfare Fund is a 501(c)(9) organization based in Pekin, Illinois, registered in 1963, with $7,825,410 in FY2024 revenue. CharityIndex grades it C+.
2503 Broadway St, Pekin, IL, 61554 EIN 37-6031467 Since 1963
Revenue (FY2024)
$7.8M
▲ 14.0% vs prior year
Expenses (FY2024)
$5.8M
Net assets
$20.6M
Employees
—
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 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 Laborers Local 231 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 rating42 mo reserves · +26% 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 Laborers Local 231 Health & Welfare Fund: 42 mo reserves · +26% 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 Laborers Local 231 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 →
DTransparency10% of the rating1 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 Laborers Local 231 Health & Welfare Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $4.6M (FY2013) to $7.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $866KNet assets $20.6M
Operating margin
25.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$21.5M
Total liabilities
$866K
Net assets
$20.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $7,825,410▲14.0% | $5,814,500▼7.1% | $20,589,912▲14.3% | $21,456,203▲14.1% | 990 |
| 2023 | $6,862,441▲20.0% | $6,255,671▲6.3% | $18,019,627▲10.7% | $18,801,930▲9.4% | 990 |
| 2022 | $5,718,105▼6.1% | $5,883,803▲4255% | $16,276,749▼8.1% | $17,194,210▼7.9% | 990 |
| 2021 | $6,086,857▲10.6% | -$141,617▼103% | $17,717,009▲60.2% | $18,676,299▲7.8% | 990 |
| 2020 | $5,502,862▲5.7% | $5,640,616▼0.8% | $11,058,914▲8.0% | $17,316,931▲9.7% | 990 |
| 2019 | $5,204,815▲8.2% | $5,685,359▲28.2% | $10,242,923▲4.1% | $15,785,528▲6.6% | 990 |
| 2018 | $4,812,402▲6.0% | $4,435,121▲0.9% | $9,839,046 | $14,804,286▲2.7% | 990 |
| 2017 | $4,542,057▼15.5% | $4,393,797▼9.8% | $9,837,866▲8.4% | $14,420,293▲1.4% | 990 |
| 2016 | $5,375,850▲14.3% | $4,872,812▲79.3% | $9,072,852▲10.6% | $14,218,137▲12.9% | 990 |
| 2015 | $4,702,255▼9.4% | $2,717,908▼51.8% | $8,205,575▲28.0% | $12,597,048▲2.3% | 990 |
| 2014 | $5,188,136▲11.8% | $5,643,702▲69.5% | $6,411,372▼39.9% | $12,319,152▲8.3% | 990 |
| 2013 | $4,639,200 | $3,330,562▼11.0% | $10,676,270▲13.3% | $11,373,898▲18.4% | 990 |
| 2012 | — | $3,743,710▲2.8% | $9,420,865▼0.5% | $9,608,072▲0.5% | 990 |
| 2011 | — | $3,643,057▼14.4% | $9,465,867▲1.3% | $9,557,712▲1.3% | 990 |
| 2010 | — | $4,253,853 | $9,342,515 | $9,430,771 | 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 Laborers Local 231 Health & Welfare Fund a legitimate nonprofit?
- Yes. Laborers Local 231 Health & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 37-6031467, based in Pekin, Illinois.
- What is Laborers Local 231 Health & Welfare Fund's EIN?
- Laborers Local 231 Health & Welfare Fund's Employer Identification Number (EIN) is 37-6031467.
- How much revenue does Laborers Local 231 Health & Welfare Fund report?
- Laborers Local 231 Health & Welfare Fund reported $7,825,410 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Laborers Local 231 Health & Welfare Fund have?
- CharityIndex grades Laborers Local 231 Health & Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Laborers Local 231 Health & Welfare Fund (EIN 37-6031467) 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.