Macys Inc Welfare Benefits Trust
501(c)(9)
99% goes to programs Strong reserves Declining revenue
Macys Inc Welfare Benefits Trust is a 501(c)(9) organization based in Springdale, Ohio, registered in 1976, with $156,385 in FY2024 revenue. CharityIndex grades it C, and it directs about 99% of spending to programs.
145 Progress Pl, Springdale, OH, 45246 EIN 51-0160964 Since 1976
Revenue (FY2024)
$156K
▼ 94.6% vs prior year
Expenses (FY2024)
$310K
Net assets
$3.8M
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
A+Program efficiency40% of the rating99% 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 Macys Inc Welfare Benefits Trust: 99% to programs earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating146 mo reserves · -98% 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 Macys Inc Welfare Benefits Trust: 146 mo reserves · -98% margin earns a F on this criterion. See the exact thresholds →
FGovernance25% of the rating0 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 Macys Inc Welfare Benefits Trust: 0 of 6 checks met earns a F 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 Macys Inc Welfare Benefits Trust: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Payment of member medical benefits
Contact & location
- Address
- 145 Progress Pl, Springdale, OH, 45246
- City
- Springdale
- State
- Ohio
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $149.6M (FY2013) to $156K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.8M
Operating margin
-98.4%
Spent more than it raised in the latest fiscal year.
Total assets
$3.8M
Total liabilities
$0
Net assets
$3.8M
Salaries & benefits
$0
0% of expenses
Board members
2
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $156,385▼94.6% | $310,306▼97.5% | $3,764,216▼3.9% | $3,764,217▼3.9% | 990 |
| 2023 | $2,911,965▼96.1% | $12,474,660▼81.6% | $3,918,138▼70.9% | $3,918,138▼70.9% | 990 |
| 2022 | $74,335,720▼1.9% | $67,638,223▼11.3% | $13,480,833▲98.7% | $13,480,833▲98.7% | 990 |
| 2021 | $75,741,479▼11.3% | $76,253,409▼11.8% | $6,783,336▼7.0% | $6,783,336▼7.0% | 990 |
| 2020 | $85,356,698▲10.4% | $86,469,550▼1.9% | $7,295,266▼13.2% | $7,295,266▼13.2% | 990 |
| 2019 | $77,319,451▼25.3% | $88,161,685▼22.1% | $8,408,118▼56.3% | $8,408,118▼57.1% | 990 |
| 2018 | $103,501,124▼9.1% | $113,104,810▲4.3% | $19,250,352▼33.3% | $19,604,264▼32.1% | 990 |
| 2017 | $113,824,227▼14.1% | $108,409,042▼10.6% | $28,854,038▲23.1% | $28,854,038▲23.1% | 990 |
| 2016 | $132,482,406▲14.3% | $121,281,913▼1.8% | $23,438,853▲91.5% | $23,438,853▲91.5% | 990 |
| 2015 | $115,946,563▼24.2% | $123,468,913▼23.8% | $12,238,360▼38.1% | $12,238,360▼38.1% | 990 |
| 2014 | $153,005,855▲2.2% | $162,055,510▲4.9% | $19,760,710▼31.4% | $19,760,710▼31.4% | 990 |
| 2013 | $149,649,576 | $154,480,389▲0.5% | $28,810,365▲21.8% | $28,810,365▲21.8% | 990 |
| 2012 | — | $153,639,027▲2.0% | $23,661,740▲6.1% | $23,661,740▲6.1% | 990 |
| 2011 | — | $150,682,967▼2.5% | $22,295,310▲30.2% | $22,295,310▲30.2% | 990 |
| 2010 | — | $154,545,811 | $17,117,542 | $17,117,542 | 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 |
|---|---|---|---|
| Matthew S Schroeder | Trustee | 0 | — |
| Paul Griscom | Trustee | 0 | — |
Frequently asked questions
- Is Macys Inc Welfare Benefits Trust a legitimate nonprofit?
- Yes. Macys Inc Welfare Benefits Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 51-0160964, based in Springdale, Ohio.
- What is Macys Inc Welfare Benefits Trust's EIN?
- Macys Inc Welfare Benefits Trust's Employer Identification Number (EIN) is 51-0160964.
- How much revenue does Macys Inc Welfare Benefits Trust report?
- Macys Inc Welfare Benefits Trust reported $156,385 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Macys Inc Welfare Benefits Trust's spending goes to programs?
- Macys Inc Welfare Benefits Trust spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Macys Inc Welfare Benefits Trust have?
- CharityIndex grades Macys Inc Welfare Benefits Trust C, based on program efficiency and fundraising cost.
- How much does Macys Inc Welfare Benefits Trust's highest-paid employee make?
- The highest reported compensation on Macys Inc Welfare Benefits Trust's latest Form 990 is $0, paid to Matthew S Schroeder (Trustee).
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Data for Macys Inc Welfare Benefits Trust (EIN 51-0160964) 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.