National Automatic Sprinkler Industry Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
National Automatic Sprinkler Industry Welfare Fund is a 501(c)(9) organization based in Landover, Maryland, registered in 1955, with $397,511,934 in FY2024 revenue. CharityIndex grades it B.
8000 Corporate Drive, Landover, MD, 20785 EIN 53-0215881 Since 1955
Revenue (FY2024)
$397.5M
▲ 3.1% vs prior year
Expenses (FY2024)
$372.2M
Net assets
$765.6M
Employees
815
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 National Automatic Sprinkler Industry 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 rating25 mo reserves · +6% 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 National Automatic Sprinkler Industry Welfare Fund: 25 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
C+Governance25% of the rating3 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 National Automatic Sprinkler Industry Welfare Fund: 3 of 6 checks met earns a C+ 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 National Automatic Sprinkler Industry Welfare Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide health and welfare benefits to eligible employees under a cba & participation agrmnts.
Contact & location
Financial trends
Revenue grew from $194.4M (FY2013) to $397.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $22.1MNet assets $765.6M
Operating margin
6.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$787.7M
Total liabilities
$22.1M
Net assets
$765.6M
Salaries & benefits
$4.2M
1% of expenses
Board members
10
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $397,511,934▲3.1% | $372,185,949▲8.2% | $765,623,262▲8.1% | $787,702,652▲7.9% | 990 |
| 2023 | $385,615,471▲25.1% | $344,043,395▲15.1% | $707,986,242▲12.0% | $729,857,766▲1.7% | 990 |
| 2022 | $308,163,110▲0.4% | $298,855,120▲12.0% | $632,075,055▼10.2% | $717,614,743▼0.8% | 990 |
| 2021 | $306,850,318▲10.8% | $266,925,962▲12.4% | $703,640,838▲8.4% | $723,437,488▲9.0% | 990 |
| 2020 | $276,968,844▼3.5% | $237,460,827▼7.0% | $649,186,129▲15.5% | $663,604,373▲14.9% | 990 |
| 2019 | $286,934,320▲11.7% | $255,422,500▲1.9% | $561,923,873▲13.9% | $577,699,253▲9.0% | 990 |
| 2018 | $256,831,138▲2.7% | $250,742,894▲19.5% | $493,262,449▼1.3% | $529,776,076▲3.6% | 990 |
| 2017 | $250,110,902▲10.0% | $209,823,802▼1.9% | $499,808,642▲14.4% | $511,527,007▲12.4% | 990 |
| 2016 | $227,389,508▲12.0% | $213,954,659▲1.6% | $437,041,445▲4.4% | $455,202,971▼10.8% | 990 |
| 2015 | $203,010,717▼2.7% | $210,633,369▲14.4% | $418,660,319▼2.8% | $510,034,808▲0.4% | 990 |
| 2014 | $208,629,977▲7.3% | $184,071,875▲3.8% | $430,573,403▲5.4% | $508,121,277▲2.2% | 990 |
| 2013 | $194,394,450 | $177,314,478▲8.9% | $408,398,932▲4.8% | $497,034,024▲7.6% | 990 |
| 2012 | — | $162,790,716▲2.9% | $389,703,198▲9.7% | $461,722,644▲23.2% | 990 |
| 2011 | — | $158,130,255▼6.4% | $355,214,979▲4.4% | $374,763,140▼2.2% | 990 |
| 2010 | — | $168,945,253 | $340,093,793 | $383,052,707 | 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: Nia Padmore — $335,593 (0.09% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Nia Padmore | Claims Manager | 34 | $335,593 |
| Pat Randall | Claims Processor | 35 | $223,256 |
| John Eger | Administrator, Former | 14 | $178,863 |
| Anna Bosmans | Administrator | 15 | $88,048 |
| Neil White | Senior Programmer/anaylst | 16 | $65,385 |
| Franca Soares De Souza | Controller/accounting Manager | 16 | $57,246 |
| Carl Westby | Trustee | 1 | — |
| Johsua Faulkner | Trustee (alternate) | 1 | — |
| Joshua Savitz | Trustee | 1 | — |
| Kevin Bellew | Trustee | 1 | — |
| Kristopher Winget | Trustee | 1 | — |
| Lance Gunnells | Trustee, Secretary | 1 | — |
| Lori Middleton | Supplemental Pension Manag | 1 | — |
| Martin Corcoran | Trustee | 1 | — |
| Peter Gibbons | Trustee | 1 | — |
| Robert J Cooper Jr | Trustee, Chairman | 1 | — |
| Rob Vincent | Trustee | 1 | — |
| Shane Ray | Trustee | 1 | — |
| Steve Ulmer | Trustee | 1 | — |
| Trinidad Uribe III | Trustee (alternate) | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Labor First LLC | Mapd Provider | $18,148,315 |
| Blue Cross Blue Shield | Claims Processing | $9,863,150 |
| Vision Service Plan Inc | Vision Claims Processing | $2,468,330 |
| Spring Care Inc | Health Care | $1,124,214 |
| Optum Rx | Prescription Drug Claims Processing | $1,081,517 |
Frequently asked questions
- Is National Automatic Sprinkler Industry Welfare Fund a legitimate nonprofit?
- Yes. National Automatic Sprinkler Industry Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 53-0215881, based in Landover, Maryland.
- What is National Automatic Sprinkler Industry Welfare Fund's EIN?
- National Automatic Sprinkler Industry Welfare Fund's Employer Identification Number (EIN) is 53-0215881.
- How much revenue does National Automatic Sprinkler Industry Welfare Fund report?
- National Automatic Sprinkler Industry Welfare Fund reported $397,511,934 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does National Automatic Sprinkler Industry Welfare Fund have?
- CharityIndex grades National Automatic Sprinkler Industry Welfare Fund B, based on financial health (reserves and operating margin).
- How much does National Automatic Sprinkler Industry Welfare Fund's highest-paid employee make?
- The highest reported compensation on National Automatic Sprinkler Industry Welfare Fund's latest Form 990 is $335,593, paid to Nia Padmore (Claims Manager).
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Data for National Automatic Sprinkler Industry Welfare Fund (EIN 53-0215881) 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.