Massachusetts Public Employees Health & Welfare Fund
Only null% goes to programs Strong reserves
Massachusetts Public Employees Health & Welfare Fund is a 501(c)(9) organization based in Peabody, Massachusetts, registered in 1985, with $31,820,837 in FY2023 revenue. CharityIndex grades it B.
8 Essex Center Dr Ste 3, Peabody, MA, 01960 EIN 22-2618894 Since 1985
Revenue (FY2023)
$31.8M
▲ 2.7% vs prior year
Health median: $840K
Expenses (FY2023)
$27.7M
Net assets
$81.9M
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 Massachusetts Public Employees 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 rating35 mo reserves · +13% 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 Massachusetts Public Employees Health & Welfare Fund: 35 mo reserves · +13% 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 Massachusetts Public Employees 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 Massachusetts Public Employees Health & Welfare Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 8 Essex Center Dr Ste 3, Peabody, MA, 01960
- City
- Peabody
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Health Care Financing
- Website
- …
Financial trends
Revenue grew from $27.5M (FY2013) to $31.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $8.9MNet assets $81.9M
Operating margin
12.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$90.8M
Total liabilities
$8.9M
Net assets
$81.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $31,820,837▲2.7% | $27,743,978▲3.0% | $81,881,142▲10.0% | $90,766,006▲10.0% | 990 |
| 2022 | $30,969,948▲3.8% | $26,936,492▲5.6% | $74,427,928▲6.9% | $82,514,559▲10.8% | 990 |
| 2021 | $29,841,958▼0.8% | $25,497,535▼3.6% | $69,634,135▼3.0% | $74,457,574▼3.1% | 990 |
| 2020 | $30,073,973▼2.3% | $26,456,123▲17.6% | $71,759,983▲16.8% | $76,814,912▲18.1% | 990 |
| 2019 | $30,785,501▲4.0% | $22,490,846▼15.0% | $61,462,482▲14.2% | $65,047,788▲10.1% | 990 |
| 2018 | $29,612,152▲3.2% | $26,463,100▲3.0% | $53,810,348▲10.6% | $59,074,571▲9.8% | 990 |
| 2017 | $28,694,742▲0.2% | $25,689,693▲4.5% | $48,634,262▲6.3% | $53,790,924▲6.7% | 990 |
| 2016 | $28,639,944▲1.5% | $24,588,086▼2.2% | $45,747,699▲9.3% | $50,414,173▲7.7% | 990 |
| 2015 | $28,204,641▼0.6% | $25,146,670▲1.8% | $41,852,697▲9.0% | $46,808,470▲8.0% | 990 |
| 2014 | $28,374,721▲3.1% | $24,710,681▲3.6% | $38,388,598▲5.7% | $43,359,569▲5.8% | 990 |
| 2013 | $27,516,537 | $23,853,982▲5.1% | $36,317,382▲11.5% | $40,999,858▲9.5% | 990 |
| 2012 | — | $22,692,415▼5.0% | $32,561,449▲10.7% | $37,452,267▲7.1% | 990 |
| 2011 | — | $23,893,011 | $29,405,292 | $34,977,848 | 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.
Similar organizations in Health
Health
Manet Community Health Center Inc
North Quincy, MA
$31.6M
Bannual revenue
Health
North Shore Community Health Inc
Salem, MA
$31.6M
Bannual revenue
Health
Southcoast Health System Inc
New Bedford, MA
$32.2M
Bannual revenue
Health
Jewish Healthcare Center Inc
Worcester, MA
$32.2M
Bannual revenue
Health
Community Health Center of Cape Cod Inc
Mashpee, MA
$29.8M
Bannual revenue
Health
Planned Parenthood League of Massachusetts Inc
Boston, MA
$29.6M
C+annual revenue
- Health
Tufts Shared Services Inc
Boston, MA
$34.2M
C+annual revenue
- Health
Sherrill House Inc
Jamaica Plain, MA
$29.3M
C+annual revenue
Health
Hillcrest Extented Care Services Inc
Pittsfield, MA
$29.1M
Bannual revenue
Health
Whittier Street Health Center Committere Inc
Roxbury, MA
$35.2M
Bannual revenue
Compare Massachusetts Public Employees Health & Welfare Fund
Frequently asked questions
- Is Massachusetts Public Employees Health & Welfare Fund a legitimate nonprofit?
- Yes. Massachusetts Public Employees Health & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 22-2618894, based in Peabody, Massachusetts.
- What is Massachusetts Public Employees Health & Welfare Fund's EIN?
- Massachusetts Public Employees Health & Welfare Fund's Employer Identification Number (EIN) is 22-2618894.
- How much revenue does Massachusetts Public Employees Health & Welfare Fund report?
- Massachusetts Public Employees Health & Welfare Fund reported $31,820,837 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Massachusetts Public Employees Health & Welfare Fund have?
- CharityIndex grades Massachusetts Public Employees Health & Welfare Fund B, based on financial health (reserves and operating margin).
More nonprofits in Peabody
Explore more
Data for Massachusetts Public Employees Health & Welfare Fund (EIN 22-2618894) 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.