Mcmaster-carr Supply Co Employees Welfare Tr
501(c)(9)
87% goes to programs Strong reserves Growing revenue
Mcmaster-carr Supply Co Employees Welfare Tr is a 501(c)(9) organization based in Elmhurst, Illinois, registered in 1996, with $157,521,141 in FY2024 revenue. CharityIndex grades it C+, and it directs about 87% of spending to programs.
Po Box 680, Elmhurst, IL, 60126 EIN 36-4052298 Since 1996
Revenue (FY2024)
$157.5M
▲ 12.6% vs prior year
Expenses (FY2024)
$115.7M
Net assets
$525.4M
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+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →AProgram efficiency40% of the rating87% 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 Mcmaster-carr Supply Co Employees Welfare Tr: 87% to programs earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating55 mo reserves · +27% 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 Mcmaster-carr Supply Co Employees Welfare Tr: 55 mo reserves · +27% margin earns a A on this criterion. See the exact thresholds →
DGovernance25% of the rating1 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 Mcmaster-carr Supply Co Employees Welfare Tr: 1 of 6 checks met earns a D 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 Mcmaster-carr Supply Co Employees Welfare Tr: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide health insurance, term life insurance and long term disability benefits to eligible employees and retirees of mcmaster-carr supply company
Contact & location
Financial trends
Revenue grew from $83.1M (FY2020) to $157.5M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $6.0MNet assets $525.4M
Operating margin
26.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$531.4M
Total liabilities
$6.0M
Net assets
$525.4M
Salaries & benefits
$0
0% of expenses
Board members
4
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $157,521,141▲12.6% | $115,662,466▲7.0% | $525,437,484▲14.6% | $531,426,909▲14.4% | 990 |
| 2023 | $139,862,686▲5.9% | $108,073,213▲6.5% | $458,299,689▲22.2% | $464,709,156▲20.4% | 990 |
| 2022 | $132,061,679▲6.2% | $101,497,393▲14.6% | $374,960,165▼15.8% | $385,849,249▼14.6% | 990 |
| 2021 | $124,315,819▲49.5% | $88,584,483▲31.6% | $445,297,887▲22.7% | $451,957,330▲23.5% | 990 |
| 2020 | $83,130,917 | $67,299,409 | $363,044,992 | $366,103,431 | 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 |
|---|---|---|---|
| Jack Delaney | Trustee | 0.01 | — |
| J A Delaney | Trustee | 0.01 | — |
| R O Delaney Jr | Trustee | 0.01 | — |
| S Epstein | Trustee | 0.01 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| United Healthcare | Third-party Healthcare Administrator | $3,236,014 |
| Express Script | Pharmacy Benefit Management | $954,651 |
| Spring Health | Mental Healthcare and Wellbeing Support | $513,369 |
| Mercer | Consulting Services | $279,977 |
| Delta Dental | Dental Claims Administrator | $187,882 |
Frequently asked questions
- Is Mcmaster-carr Supply Co Employees Welfare Tr a legitimate nonprofit?
- Yes. Mcmaster-carr Supply Co Employees Welfare Tr is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 36-4052298, based in Elmhurst, Illinois.
- What is Mcmaster-carr Supply Co Employees Welfare Tr's EIN?
- Mcmaster-carr Supply Co Employees Welfare Tr's Employer Identification Number (EIN) is 36-4052298.
- How much revenue does Mcmaster-carr Supply Co Employees Welfare Tr report?
- Mcmaster-carr Supply Co Employees Welfare Tr reported $157,521,141 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mcmaster-carr Supply Co Employees Welfare Tr's spending goes to programs?
- Mcmaster-carr Supply Co Employees Welfare Tr spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mcmaster-carr Supply Co Employees Welfare Tr have?
- CharityIndex grades Mcmaster-carr Supply Co Employees Welfare Tr C+, based on program efficiency and fundraising cost.
- How much does Mcmaster-carr Supply Co Employees Welfare Tr's highest-paid employee make?
- The highest reported compensation on Mcmaster-carr Supply Co Employees Welfare Tr's latest Form 990 is $0, paid to Jack Delaney (Trustee).
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Data for Mcmaster-carr Supply Co Employees Welfare Tr (EIN 36-4052298) 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.