Middletown Works Hourly & Salaried Union Retirees Health Care Fund
100% goes to programs Strong reserves Growing revenue
Middletown Works Hourly & Salaried Union Retirees Health Care Fund is a 501(c)(9) organization based in Seattle, Washington, registered in 2009, with $92,236,257 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
Po Box 34203, Seattle, WA, 98124 EIN 36-7485085 Since 2009
Revenue (FY2024)
$92.2M
▲ 196.6% vs prior year
Membership median: $185K
Expenses (FY2024)
$54.0M
Net assets
$678.0M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% 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 Middletown Works Hourly & Salaried Union Retirees Health Care Fund: 100% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating151 mo reserves · +41% 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 Middletown Works Hourly & Salaried Union Retirees Health Care Fund: 151 mo reserves · +41% margin earns a B+ 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 Middletown Works Hourly & Salaried Union Retirees Health Care 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 Middletown Works Hourly & Salaried Union Retirees Health Care Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide health and welfare benefits
Contact & location
- Address
- Po Box 34203, Seattle, WA, 98124
- City
- Seattle
- State
- Washington
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $34.6M (FY2013) to $92.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.8MNet assets $678.0M
Operating margin
41.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$680.8M
Total liabilities
$2.8M
Net assets
$678.0M
Salaries & benefits
$154K
0% of expenses
Board members
5
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $92,236,257▲197% | $53,960,077▲55.8% | $677,998,044▲5.3% | $680,762,002▲5.4% | 990 |
| 2023 | $31,093,978▲56.1% | $34,635,901▼10.0% | $643,985,856▲8.1% | $645,729,638▲8.1% | 990 |
| 2022 | $19,917,175▼47.1% | $38,478,416▼9.3% | $595,759,687▼18.9% | $597,444,803▼18.9% | 990 |
| 2021 | $37,616,244▲97.2% | $42,412,345▲13.9% | $734,647,113▲2.6% | $736,520,021▲2.8% | 990 |
| 2020 | $19,079,807▼59.4% | $37,236,992▼27.5% | $716,111,091▲6.2% | $716,577,546▲6.3% | 990 |
| 2019 | $46,943,648▼15.7% | $51,365,334▼0.8% | $674,154,209▲9.8% | $674,421,418▲9.8% | 990 |
| 2018 | $55,693,871▲52.6% | $51,798,294▼1.8% | $614,037,443▼9.0% | $614,265,909▼9.0% | 990 |
| 2017 | $36,489,223▼20.6% | $52,729,473▲1.2% | $675,125,859▲5.3% | $675,366,551▲5.3% | 990 |
| 2016 | $45,966,404▲155% | $52,088,916▲4.8% | $641,334,051▲0.9% | $641,611,730▲0.9% | 990 |
| 2015 | $17,993,365▼42.7% | $49,710,091▲4.0% | $635,563,786▼6.8% | $635,943,460▼6.9% | 990 |
| 2014 | $31,412,114▼9.2% | $47,792,639▼3.4% | $682,275,957▲1.3% | $682,710,149▲1.4% | 990 |
| 2013 | $34,612,348 | $49,457,631▲1.9% | $673,195,033▲6.7% | $673,550,190▲6.7% | 990 |
| 2012 | — | $48,544,378▼2.2% | $631,015,925▲6.0% | $631,367,881▲6.0% | 990 |
| 2011 | — | $49,652,487▼1.8% | $595,363,134▲6.3% | $595,614,055▲6.3% | 990 |
| 2010 | — | $50,587,502 | $559,976,503 | $560,295,610 | 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)
Highest-paid: Francis J Martorana — $38,000 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Francis J Martorana | Co-chairman | 12 | $38,000 |
| Roger Mcclow | Trustee | 10 | $35,500 |
| Michael Bailey | Chairman | 12 | $28,000 |
| Brian Daley | Trustee | 10 | $23,000 |
| Michael Stephenson | Trustee | 10 | $23,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Wpas | Third Party Administrator | $519,996 |
| Cvs Pharmacy Inc | — | $453,640 |
| Rhumbline | Investment Manager | $133,172 |
| Bolton Partners Inc | Benefit Consultant | $111,354 |
| Umr | Medical Claims Administrator | $105,531 |
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Compare Middletown Works Hourly & Salaried Union Retirees Health Care Fund
Frequently asked questions
- Is Middletown Works Hourly & Salaried Union Retirees Health Care Fund a legitimate nonprofit?
- Yes. Middletown Works Hourly & Salaried Union Retirees Health Care Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 36-7485085, based in Seattle, Washington.
- What is Middletown Works Hourly & Salaried Union Retirees Health Care Fund's EIN?
- Middletown Works Hourly & Salaried Union Retirees Health Care Fund's Employer Identification Number (EIN) is 36-7485085.
- How much revenue does Middletown Works Hourly & Salaried Union Retirees Health Care Fund report?
- Middletown Works Hourly & Salaried Union Retirees Health Care Fund reported $92,236,257 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Middletown Works Hourly & Salaried Union Retirees Health Care Fund's spending goes to programs?
- Middletown Works Hourly & Salaried Union Retirees Health Care Fund spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Middletown Works Hourly & Salaried Union Retirees Health Care Fund have?
- CharityIndex grades Middletown Works Hourly & Salaried Union Retirees Health Care Fund A, based on program efficiency and fundraising cost.
- How much does Middletown Works Hourly & Salaried Union Retirees Health Care Fund's highest-paid employee make?
- The highest reported compensation on Middletown Works Hourly & Salaried Union Retirees Health Care Fund's latest Form 990 is $38,000, paid to Francis J Martorana (Co-chairman).
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Data for Middletown Works Hourly & Salaried Union Retirees Health Care Fund (EIN 36-7485085) 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.