Mo-kan Iron Workers Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Mo-kan Iron Workers Welfare Fund is a 501(c)(9) organization based in Bloomington, Minnesota, registered in 1964, with $23,750,287 in FY2024 revenue. CharityIndex grades it C+.
3001 Metro Dr Ste 500, Bloomington, MN, 55425 EIN 43-6051454 Since 1964
Revenue (FY2024)
$23.8M
▲ 11.8% vs prior year
Expenses (FY2024)
$19.1M
Net assets
$38.6M
Employees
—
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 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 Mo-kan Iron Workers 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 rating24 mo reserves · +19% 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 Mo-kan Iron Workers Welfare Fund: 24 mo reserves · +19% 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 Mo-kan Iron Workers 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 →
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 Mo-kan Iron Workers Welfare Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 3001 Metro Dr Ste 500, Bloomington, MN, 55425
- City
- Bloomington
- State
- Minnesota
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $16.5M (FY2013) to $23.8M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $270KNet assets $38.6M
Operating margin
19.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$38.9M
Total liabilities
$270K
Net assets
$38.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $23,750,287▲11.8% | $19,137,323▲11.3% | $38,632,998▲15.5% | $38,903,192▲15.4% | 990 |
| 2023 | $21,249,221▲35.2% | $17,191,374▼5.3% | $33,447,407▲17.2% | $33,709,634▲16.6% | 990 |
| 2022 | $15,720,518▼9.6% | $18,156,403▲6.2% | $28,548,328▼15.1% | $28,917,247▼14.7% | 990 |
| 2021 | $17,390,399▲1.9% | $17,102,344▲12.3% | $33,636,586▼1.5% | $33,911,969▼1.9% | 990 |
| 2020 | $17,068,376▲14.6% | $15,228,628▼16.7% | $34,150,368▲22.4% | $34,578,159▲21.0% | 990 |
| 2018 | $14,894,929▲1.6% | $18,277,166▲3.4% | $27,906,141▼15.4% | $28,575,767▼14.9% | 990 |
| 2017 | $14,665,019▼8.4% | $17,683,040▲10.8% | $32,993,682▼6.3% | $33,560,130▼6.2% | 990 |
| 2016 | $16,017,751▲9.5% | $15,961,367▲7.6% | $35,209,960▲2.1% | $35,786,821▲1.7% | 990 |
| 2015 | $14,624,888▼6.3% | $14,828,048▲13.2% | $34,497,863▼5.1% | $35,202,648▼7.6% | 990 |
| 2014 | $15,607,272▼5.1% | $13,100,547▲2.4% | $36,349,271▲10.9% | $38,118,160▲13.4% | 990 |
| 2013 | $16,454,082 | $12,789,990▲7.9% | $32,776,802▲10.5% | $33,614,828▲10.1% | 990 |
| 2012 | — | $11,852,281▼8.5% | $29,653,484▲10.3% | $30,542,069▲10.8% | 990 |
| 2011 | — | $12,954,031▼3.3% | $26,892,487▼0.9% | $27,571,925▼0.9% | 990 |
| 2010 | — | $13,402,560▼2.4% | $27,142,354▼0.6% | $27,822,774▼0.8% | 990 |
| 2009 | — | $13,726,993 | $27,319,763 | $28,034,274 | 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 Mo-kan Iron Workers Welfare Fund a legitimate nonprofit?
- Yes. Mo-kan Iron Workers Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 43-6051454, based in Bloomington, Minnesota.
- What is Mo-kan Iron Workers Welfare Fund's EIN?
- Mo-kan Iron Workers Welfare Fund's Employer Identification Number (EIN) is 43-6051454.
- How much revenue does Mo-kan Iron Workers Welfare Fund report?
- Mo-kan Iron Workers Welfare Fund reported $23,750,287 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Mo-kan Iron Workers Welfare Fund have?
- CharityIndex grades Mo-kan Iron Workers Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Mo-kan Iron Workers Welfare Fund (EIN 43-6051454) 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.