Neca-ibew Local 364 Welfare Trust
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Neca-ibew Local 364 Welfare Trust is a 501(c)(9) organization based in Lansing, Michigan, registered in 1994, with $29,995,416 in FY2023 revenue. CharityIndex grades it B.
6525 Centurion Dr, Lansing, MI, 48917 EIN 41-1677804 Since 1994
Revenue (FY2023)
$30.0M
▲ 5.2% vs prior year
Expenses (FY2023)
$20.9M
Net assets
$47.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
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 Neca-ibew Local 364 Welfare Trust— 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 rating27 mo reserves · +30% 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 Neca-ibew Local 364 Welfare Trust: 27 mo reserves · +30% 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 Neca-ibew Local 364 Welfare Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Neca-ibew Local 364 Welfare Trust: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $11.2M (FY2013) to $30.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3.0MNet assets $47.6M
Operating margin
30.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$50.6M
Total liabilities
$3.0M
Net assets
$47.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $29,995,416▲5.2% | $20,899,428▲15.5% | $47,563,577▲37.9% | $50,581,440▲30.9% | 990 |
| 2022 | $28,517,094▲16.1% | $18,088,509▼1.3% | $34,482,768▲48.8% | $38,654,958▲48.3% | 990 |
| 2021 | $24,556,874▲33.3% | $18,323,155▲13.4% | $23,169,560▲11.0% | $26,057,381▲17.2% | 990 |
| 2020 | $18,428,053▲44.6% | $16,158,643▲1.9% | $20,871,803▲26.5% | $22,232,260▲30.7% | 990 |
| 2019 | $12,742,041▼10.1% | $15,852,045▲6.6% | $16,494,755▼18.1% | $17,004,673▼18.3% | 990 |
| 2018 | $14,166,462▼13.5% | $14,868,840▲0.3% | $20,135,803▼5.7% | $20,804,694▼3.7% | 990 |
| 2017 | $16,380,795▲11.7% | $14,821,452▲11.9% | $21,362,643▲4.1% | $21,596,432▲2.9% | 990 |
| 2016 | $14,661,331▲32.9% | $13,244,147▼6.8% | $20,528,722▲16.8% | $20,986,603▲16.4% | 990 |
| 2015 | $11,029,459▼8.9% | $14,203,375▲3.1% | $17,572,941▼14.6% | $18,029,875▼13.5% | 990 |
| 2014 | $12,103,516▲8.1% | $13,782,420▲15.2% | $20,572,410▼13.3% | $20,844,536▼12.8% | 990 |
| 2013 | $11,193,048 | $11,961,491▲9.2% | $23,741,154▼0.8% | $23,900,312▼1.0% | 990 |
| 2012 | — | $10,957,688▼4.6% | $23,933,011▲2.5% | $24,140,057▲2.6% | 990 |
| 2011 | — | $11,482,236▲15.5% | $23,358,300▲7.7% | $23,522,025▲6.4% | 990 |
| 2010 | — | $9,941,861▼11.1% | $21,681,964▲7.6% | $22,117,368▲9.0% | 990 |
| 2009 | — | $11,177,166 | $20,151,117 | $20,297,725 | 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 Neca-ibew Local 364 Welfare Trust a legitimate nonprofit?
- Yes. Neca-ibew Local 364 Welfare Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 41-1677804, based in Lansing, Michigan.
- What is Neca-ibew Local 364 Welfare Trust's EIN?
- Neca-ibew Local 364 Welfare Trust's Employer Identification Number (EIN) is 41-1677804.
- How much revenue does Neca-ibew Local 364 Welfare Trust report?
- Neca-ibew Local 364 Welfare Trust reported $29,995,416 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Neca-ibew Local 364 Welfare Trust have?
- CharityIndex grades Neca-ibew Local 364 Welfare Trust B, based on financial health (reserves and operating margin).
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Data for Neca-ibew Local 364 Welfare Trust (EIN 41-1677804) 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.