Michigan Glass & Glazing Industry Welfare Insurance Fund
501(c)(9)
Only null% goes to programs Strong reserves
Michigan Glass & Glazing Industry Welfare Insurance Fund is a 501(c)(9) organization based in Troy, Michigan, registered in 1963, with $5,590,696 in FY2022 revenue. CharityIndex grades it C+.
700 Tower Dr Ste 300, Troy, MI, 48098 EIN 38-6058023 Since 1963
Revenue (FY2022)
$5.6M
▲ 34.9% vs prior year
Expenses (FY2022)
$5.9M
Net assets
$6.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Michigan Glass & Glazing Industry Welfare Insurance Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating14 mo reserves · -5% 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 Michigan Glass & Glazing Industry Welfare Insurance Fund: 14 mo reserves · -5% margin earns a B+ 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 Michigan Glass & Glazing Industry Welfare Insurance 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 Michigan Glass & Glazing Industry Welfare Insurance 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 $3.7M (FY2013) to $5.6M (FY2022) across 10 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $1.6MNet assets $6.9M
Operating margin
-5.1%
Spent more than it raised in the latest fiscal year.
Total assets
$8.4M
Total liabilities
$1.6M
Net assets
$6.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $5,590,696▲34.9% | $5,876,323▲14.8% | $6,876,342▼4.0% | $8,444,503▲2.2% | 990 |
| 2021 | $4,144,008▼23.5% | $5,116,881▼16.3% | $7,161,969▼12.0% | $8,263,313▼11.4% | 990 |
| 2020 | $5,414,184▼1.3% | $6,115,383▲32.9% | $8,134,842▼1.2% | $9,322,867▼0.7% | 990 |
| 2019 | $5,487,789 | $4,601,466 | $8,234,144 | $9,387,866 | 990 |
| 2018 | $5,487,789▲15.5% | $4,601,466▼10.1% | $8,234,144▲12.1% | $9,387,866▲8.0% | 990 |
| 2017 | $4,750,014▼12.3% | $5,117,711▲5.3% | $7,347,821▼4.8% | $8,695,588 | 990 |
| 2016 | $5,416,584▲14.5% | $4,860,683▲51.4% | $7,715,518▲7.8% | $8,694,245▲12.4% | 990 |
| 2015 | $4,731,939▲17.0% | $3,210,221▼17.2% | $7,159,617▲27.0% | $7,734,340▲11.4% | 990 |
| 2014 | $4,042,757▲10.6% | $3,876,645▼1.7% | $5,637,895▼0.4% | $6,939,913▲3.0% | 990 |
| 2013 | $3,655,108 | $3,942,962▲9.9% | $5,661,783▼3.2% | $6,736,004▼4.6% | 990 |
| 2012 | — | $3,588,342▼12.0% | $5,849,637▲6.8% | $7,061,727▲6.9% | 990 |
| 2011 | — | $4,077,338▼1.2% | $5,478,233▼2.3% | $6,604,300▼5.5% | 990 |
| 2010 | — | $4,125,570▲10.3% | $5,608,919▼12.6% | $6,986,240▼8.3% | 990 |
| 2009 | — | $3,741,683 | $6,420,470 | $7,618,003 | 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 Michigan Glass & Glazing Industry Welfare Insurance Fund a legitimate nonprofit?
- Yes. Michigan Glass & Glazing Industry Welfare Insurance Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 38-6058023, based in Troy, Michigan.
- What is Michigan Glass & Glazing Industry Welfare Insurance Fund's EIN?
- Michigan Glass & Glazing Industry Welfare Insurance Fund's Employer Identification Number (EIN) is 38-6058023.
- How much revenue does Michigan Glass & Glazing Industry Welfare Insurance Fund report?
- Michigan Glass & Glazing Industry Welfare Insurance Fund reported $5,590,696 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does Michigan Glass & Glazing Industry Welfare Insurance Fund have?
- CharityIndex grades Michigan Glass & Glazing Industry Welfare Insurance Fund C+, based on financial health (reserves and operating margin).
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Data for Michigan Glass & Glazing Industry Welfare Insurance Fund (EIN 38-6058023) 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.