Michigan Laborers Vacation Fund
501(c)(9)
99% goes to programs Thin reserves Growing revenue
Michigan Laborers Vacation Fund is a 501(c)(9) organization based in Lansing, Michigan, with $67,461,060 in FY2023 revenue. CharityIndex grades it C+, and it directs about 99% of spending to programs.
6452 Millennium Ste 100, Lansing, MI, 48917 EIN 38-2106864
Revenue (FY2023)
$67.5M
▲ 5.4% vs prior year
Expenses (FY2023)
$68.2M
Net assets
$2.3M
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+
C+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 Michigan Laborers Vacation Fund: 99% to programs earns a C+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -1% 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 Laborers Vacation Fund: 0 mo reserves · -1% margin earns a C on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Michigan Laborers Vacation Fund: 4 of 6 checks met earns a B 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 Michigan Laborers Vacation Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Payment of vacation benefits
Contact & location
Financial trends
Revenue grew from $20.1M (FY2013) to $67.5M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $32.7MNet assets $2.3M
Operating margin
-1.1%
Spent more than it raised in the latest fiscal year.
Total assets
$35.0M
Total liabilities
$32.7M
Net assets
$2.3M
Salaries & benefits
$0
0% of expenses
Board members
15
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $67,461,060▲5.4% | $68,180,446▲6.4% | $2,305,441▼18.0% | $34,992,300▲8.7% | 990 |
| 2022 | $63,998,668▲27.2% | $64,109,379▲27.9% | $2,812,566▼13.5% | $32,184,959▲17.8% | 990 |
| 2020 | $50,300,432▲9.6% | $50,126,522▲10.5% | $3,250,535▲9.8% | $27,310,767▲16.1% | 990 |
| 2019 | $45,901,372▲4.0% | $45,379,248▲4.4% | $2,961,687▲19.3% | $23,514,255▼2.7% | 990 |
| 2018 | $44,144,680▲4.5% | $43,456,258▲3.8% | $2,482,955▲50.7% | $24,164,342▲10.7% | 990 |
| 2017 | $42,263,162▲16.8% | $41,857,539▲15.8% | $1,647,696▲28.4% | $21,829,068▲13.2% | 990 |
| 2016 | $36,187,028▲54.7% | $36,132,733▲55.3% | $1,283,023▲19.8% | $19,280,265▲51.7% | 990 |
| 2015 | $23,396,442▲12.9% | $23,262,147▲12.5% | $1,070,762▲18.0% | $12,712,830▼2.0% | 990 |
| 2014 | $20,731,946▲3.3% | $20,674,655▲2.9% | $907,383▲4.5% | $12,978,215▲17.7% | 990 |
| 2013 | $20,067,680 | $20,087,420▲14.4% | $868,324▼0.8% | $11,023,485▲18.6% | 990 |
| 2012 | — | $17,554,165▲8.0% | $875,343▼18.4% | $9,296,365▲5.9% | 990 |
| 2011 | — | $16,257,482▲8.4% | $1,072,672▼3.4% | $8,776,469▼3.2% | 990 |
| 2010 | — | $14,995,383 | $1,110,250 | $9,070,209 | 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 |
|---|---|---|---|
| Alex Zurek | Chairman | 1 | — |
| Arlandar Washington | Trustee | 1 | — |
| Bart Carrigan | Trustee | 1 | — |
| Brent Pilarski | Trustee | 1 | — |
| Dave Spence | Trustee | 1 | — |
| David Coates | Trustee | 1 | — |
| Gene Alessandrini Sr | Trustee | 1 | — |
| Geno Alessandrini Jr | Trustee | 1 | — |
| Joel Archibad | Trustee | 1 | — |
| Michael Aaron | Trustee | 1 | — |
| Mikel Cole | Trustee | 1 | — |
| Nicholas Defauw | Trustee | 1 | — |
| Robert Coppersmith Jr | Secretary | 1 | — |
| Rob Krueger | Trustee | 1 | — |
| Stephen Alexa | Trustee | 1 | — |
| William Bass | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Welfare Pension Administration | Admin Manager | $242,913 |
Frequently asked questions
- Is Michigan Laborers Vacation Fund a legitimate nonprofit?
- Yes. Michigan Laborers Vacation Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 38-2106864, based in Lansing, Michigan.
- What is Michigan Laborers Vacation Fund's EIN?
- Michigan Laborers Vacation Fund's Employer Identification Number (EIN) is 38-2106864.
- How much revenue does Michigan Laborers Vacation Fund report?
- Michigan Laborers Vacation Fund reported $67,461,060 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Michigan Laborers Vacation Fund's spending goes to programs?
- Michigan Laborers Vacation Fund spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Michigan Laborers Vacation Fund have?
- CharityIndex grades Michigan Laborers Vacation Fund C+, based on program efficiency and fundraising cost.
- How much does Michigan Laborers Vacation Fund's highest-paid employee make?
- The highest reported compensation on Michigan Laborers Vacation Fund's latest Form 990 is $0, paid to Alex Zurek (Chairman).
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Data for Michigan Laborers Vacation Fund (EIN 38-2106864) 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.