Local No 1 Health Fund
501(c)(9)
Only null% goes to programs Strong reserves
Local No 1 Health Fund is a 501(c)(9) organization based in Bloomington, Minnesota, registered in 1965, with $89,549,930 in FY2023 revenue. CharityIndex grades it B.
3001 Metro Dr Ste 500, Bloomington, MN, 55425 EIN 36-2525603 Since 1965
Revenue (FY2023)
$89.5M
▲ 6.7% vs prior year
Expenses (FY2023)
$87.7M
Net assets
$113.4M
Employees
45
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Local No 1 Health 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 rating16 mo reserves · +2% 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 Local No 1 Health Fund: 16 mo reserves · +2% 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 Local No 1 Health Fund: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Local No 1 Health Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Provide health benefits
Contact & location
- Address
- 3001 Metro Dr Ste 500, Bloomington, MN, 55425
- City
- Bloomington
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $40.8M (FY2013) to $89.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $655KNet assets $113.4M
Operating margin
2.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$114.0M
Total liabilities
$655K
Net assets
$113.4M
Salaries & benefits
$0
0% of expenses
Board members
12
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $89,549,930▲6.7% | $87,669,631▲7.6% | $113,372,037▲7.1% | $114,026,944▲6.8% | 990 |
| 2022 | $83,937,395▲7.4% | $81,511,647 | $105,864,385▲5.5% | $106,734,179▲5.0% | 990 |
| 2021 | $78,174,320▼7.4% | $81,493,211▲12.0% | $100,331,534▼7.5% | $101,619,267▼6.9% | 990 |
| 2020 | $84,440,089▲13.5% | $72,733,930▲0.5% | $108,469,170▲12.2% | $109,170,388▲11.8% | 990 |
| 2019 | $74,416,206▲13.3% | $72,355,124▲9.7% | $96,694,657▲5.3% | $97,615,124▲6.0% | 990 |
| 2018 | $65,669,208▲5.6% | $65,948,263▼6.2% | $91,856,613▲4.0% | $92,113,093▲3.9% | 990 |
| 2017 | $62,203,693▲26.6% | $70,312,051▲37.8% | $88,364,881▼8.6% | $88,681,815▼8.5% | 990 |
| 2016 | $49,151,567▲19.5% | $51,009,210▲18.4% | $96,683,128▼0.4% | $96,969,002▼1.0% | 990 |
| 2015 | $41,125,692▼4.1% | $43,072,966▲6.9% | $97,104,607▼2.1% | $97,937,361▼1.5% | 990 |
| 2014 | $42,874,103▲5.0% | $40,308,176▲8.2% | $99,205,304▲1.7% | $99,463,318▲1.0% | 990 |
| 2013 | $40,835,837 | $37,258,751▼0.1% | $97,584,942▲6.8% | $98,447,601▲6.7% | 990 |
| 2012 | — | $37,299,389▲8.9% | $91,363,253▲4.2% | $92,239,779▲4.0% | 990 |
| 2011 | — | $34,255,551▲9.7% | $87,692,561▲8.1% | $88,718,341▲8.8% | 990 |
| 2010 | — | $31,232,216▲2.4% | $81,090,608▲16.1% | $81,553,723▲15.9% | 990 |
| 2009 | — | $30,512,450 | $69,849,334 | $70,369,902 | 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 (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Douglas Woodworth | Trustee | 1.5 | — |
| Efrain Elias | Trustee | 1 | — |
| Genie Kastrup | Chairwoman | 1 | — |
| Izabela Miltko-ivkovich | Trustee | 1 | — |
| James Watts | Trustee | 1 | — |
| Leon Wolin | Trustee | 1.5 | — |
| Lupita Aguila | Trustee | 1 | — |
| Robert Graf | Trustee | 1 | — |
| Senad Sphahija | Trustee | 1 | — |
| Sheila Byrne | Trustee | 1 | — |
| Tim Kramer | Trustee | 1 | — |
| Vince Pesha | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Health Care Service Corp | Claims Access Fees | $2,482,707 |
| Wilson Mcshane | Administration Fees | $1,376,350 |
| Valenz Health | Consulting Fees | $206,217 |
| Laner Muchin Ltd | Legal Fees | $162,930 |
| Remedy Analytics Inc | Consulting Fees | $150,000 |
Frequently asked questions
- Is Local No 1 Health Fund a legitimate nonprofit?
- Yes. Local No 1 Health Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 36-2525603, based in Bloomington, Minnesota.
- What is Local No 1 Health Fund's EIN?
- Local No 1 Health Fund's Employer Identification Number (EIN) is 36-2525603.
- How much revenue does Local No 1 Health Fund report?
- Local No 1 Health Fund reported $89,549,930 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Local No 1 Health Fund have?
- CharityIndex grades Local No 1 Health Fund B, based on financial health (reserves and operating margin).
- How much does Local No 1 Health Fund's highest-paid employee make?
- The highest reported compensation on Local No 1 Health Fund's latest Form 990 is $0, paid to Douglas Woodworth (Trustee).
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Data for Local No 1 Health Fund (EIN 36-2525603) 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.