Neca-ibew Welfare Trust Fund
501(c)(9)
Only null% goes to programs Strong reserves Growing revenue
Neca-ibew Welfare Trust Fund is a 501(c)(9) organization based in Decatur, Illinois, registered in 1958, with $264,424,670 in FY2024 revenue. CharityIndex grades it A.
2120 Hubbard Ave, Decatur, IL, 62526 EIN 37-0738564 Since 1958
Revenue (FY2024)
$264.4M
▲ 9.7% vs prior year
Expenses (FY2024)
$245.1M
Net assets
$368.5M
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
—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 Welfare Trust 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 rating18 mo reserves · +7% 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 Welfare Trust Fund: 18 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Neca-ibew Welfare Trust Fund: 5 of 6 checks met earns a A 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 Neca-ibew Welfare Trust Fund: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide benefits to eligible members and their dependents
Contact & location
Financial trends
Revenue grew from $125.2M (FY2013) to $264.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.6MNet assets $368.5M
Operating margin
7.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$373.1M
Total liabilities
$4.6M
Net assets
$368.5M
Salaries & benefits
$0
0% of expenses
Board members
38
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $264,424,670▲9.7% | $245,116,553▲8.5% | $368,481,168▲10.0% | $373,096,157▲9.3% | 990 |
| 2023 | $241,145,158▲25.3% | $226,005,128▲12.9% | $334,994,486▲26.8% | $341,329,241▲7.9% | 990 |
| 2022 | $192,452,896▼6.0% | $200,218,178▲3.3% | $264,228,881▼1.2% | $316,277,324▲0.5% | 990 |
| 2021 | $204,637,992▲19.7% | $193,850,633▲16.9% | $267,482,125▼11.6% | $314,833,150▼8.8% | 990 |
| 2020 | $170,894,089▲1.0% | $165,866,175▼0.4% | $302,650,838▲15.7% | $345,142,588▲15.9% | 990 |
| 2019 | $169,134,496▲6.3% | $166,467,946▲6.5% | $261,584,051▲0.5% | $297,703,349▲2.0% | 990 |
| 2018 | $159,116,249▼2.3% | $156,321,219▼2.6% | $260,411,997▲6.0% | $291,895,171▲7.2% | 990 |
| 2017 | $162,860,488▲7.9% | $160,503,723▲6.2% | $245,631,954▲5.7% | $272,207,052▲7.1% | 990 |
| 2016 | $150,934,852▲0.2% | $151,127,314▲7.9% | $232,476,888▲5.2% | $254,145,641▲6.8% | 990 |
| 2015 | $150,611,958▲2.5% | $140,047,533▼4.4% | $220,954,670▲5.7% | $237,987,336▲7.3% | 990 |
| 2014 | $146,970,914▲17.4% | $146,529,727▲10.2% | $209,060,633▼3.6% | $221,797,955▼3.1% | 990 |
| 2013 | $125,190,260 | $133,008,026▲1.6% | $216,951,679▼0.8% | $228,850,870▼0.1% | 990 |
| 2012 | — | $130,890,258▲14.8% | $218,806,793▼5.7% | $229,060,958▼4.8% | 990 |
| 2011 | — | $114,035,386▲19.7% | $231,978,872▲7.6% | $240,698,401▲10.1% | 990 |
| 2010 | — | $95,303,520▲5.5% | $215,599,949▲9.4% | $218,601,357▲10.2% | 990 |
| 2009 | — | $90,368,100 | $196,994,381 | $198,381,657 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Aaron Goodrum | Union Trustee | 1 | — |
| Beth Iding | Employer Trustee | 1 | — |
| Billy Serbousek | Employer Trustee | 1 | — |
| Brian Andersen | Union Trustee | 1 | — |
| Charles Crow | Employer Trustee | 1 | — |
| Chris Simpson | Union Trustee | 1 | — |
| Chud Fuellgraf | Employer Trustee | 1 | — |
| Darrell Miller | Union Trustee | 1 | — |
| David Lehman | Union Trustee | 1 | — |
| David Wells | Union Trustee | 1 | — |
| Greg Peyton | Employer Trustee | 1 | — |
| Jeff Linkenhelt | Employer Trustee | 1 | — |
| Jeremie Pearson | Union Trustee | 1 | — |
| Jeremy Wilcox | Employer Trustee | 1 | — |
| Jim Clarida | Union Trustee | 1 | — |
| Jim Fellows | Union Trustee | 1 | — |
| John Jacobs | Union Trustee | 1 | — |
| Jon Huston | Employer Trustee | 1 | — |
| Justin Martin | Union Trustee | 1 | — |
| Kristofer Howard | Union Trustee | 1 | — |
Frequently asked questions
- Is Neca-ibew Welfare Trust Fund a legitimate nonprofit?
- Yes. Neca-ibew Welfare Trust Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 37-0738564, based in Decatur, Illinois.
- What is Neca-ibew Welfare Trust Fund's EIN?
- Neca-ibew Welfare Trust Fund's Employer Identification Number (EIN) is 37-0738564.
- How much revenue does Neca-ibew Welfare Trust Fund report?
- Neca-ibew Welfare Trust Fund reported $264,424,670 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Neca-ibew Welfare Trust Fund have?
- CharityIndex grades Neca-ibew Welfare Trust Fund A, based on financial health (reserves and operating margin).
- How much does Neca-ibew Welfare Trust Fund's highest-paid employee make?
- The highest reported compensation on Neca-ibew Welfare Trust Fund's latest Form 990 is $0, paid to Aaron Goodrum (Union Trustee).
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Data for Neca-ibew Welfare Trust Fund (EIN 37-0738564) 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.