Plumbers 520 Health & Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Plumbers 520 Health & Welfare Fund is a 501(c)(9) organization based in Troy, Michigan, registered in 1967, with $28,695,286 in FY2024 revenue. CharityIndex grades it C+.
700 Tower Dr Ste 300, Troy, MI, 48098 EIN 23-6280075 Since 1967
Revenue (FY2024)
$28.7M
▲ 8.2% vs prior year
Expenses (FY2024)
$24.2M
Net assets
$31.3M
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 Plumbers 520 Health & 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 rating16 mo reserves · +16% 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 Plumbers 520 Health & Welfare Fund: 16 mo reserves · +16% 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 Plumbers 520 Health & 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 Plumbers 520 Health & Welfare Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $18.7M (FY2013) to $28.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $96KNet assets $31.3M
Operating margin
15.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$31.4M
Total liabilities
$96K
Net assets
$31.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $28,695,286▲8.2% | $24,209,078▲4.5% | $31,349,646▲13.4% | $31,445,340▲13.2% | 990 |
| 2023 | $26,521,331▲13.8% | $23,164,867▲4.1% | $27,634,898▲16.6% | $27,789,457▲16.1% | 990 |
| 2022 | $23,299,631▼7.4% | $22,246,568▼3.9% | $23,697,310▲4.9% | $23,938,945▲4.5% | 990 |
| 2021 | $25,169,868▲6.9% | $23,150,794▲26.4% | $22,585,369 | $22,911,632 | 990 |
| 2020 | $23,538,629▲12.5% | $18,315,597▼26.5% | $0▼100% | $0▼100% | 990 |
| 2019 | $20,926,895▼2.3% | $24,921,850▲6.8% | $16,430,942▼22.0% | $17,098,203▼25.3% | 990 |
| 2018 | $21,410,905▼27.6% | $23,342,968▼16.1% | $21,053,724▼7.2% | $22,892,768▼3.1% | 990 |
| 2017 | $29,575,068▲34.6% | $27,829,345▲26.4% | $22,678,131▲7.9% | $23,636,967▲7.0% | 990 |
| 2016 | $21,971,238▲14.2% | $22,021,358▲6.3% | $21,022,990▲2.3% | $22,094,949▲5.7% | 990 |
| 2015 | $19,246,058▼6.3% | $20,723,627▲0.3% | $20,552,370▼7.8% | $20,899,903▼7.3% | 990 |
| 2014 | $20,533,790▲10.0% | $20,663,045▲18.0% | $22,293,930▲0.4% | $22,540,169▲1.1% | 990 |
| 2013 | $18,659,912 | $17,505,949▼1.1% | $22,195,759▲2.4% | $22,285,499▲2.3% | 990 |
| 2012 | — | $17,707,164▲7.4% | $21,685,089▼3.5% | $21,778,050▼6.9% | 990 |
| 2011 | — | $16,488,331▲6.7% | $22,464,843▲11.6% | $23,402,000▲14.2% | 990 |
| 2010 | — | $15,454,388▲3.3% | $20,132,512▲8.5% | $20,499,776▲9.3% | 990 |
| 2009 | — | $14,967,309 | $18,548,767 | $18,747,995 | 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 Plumbers 520 Health & Welfare Fund a legitimate nonprofit?
- Yes. Plumbers 520 Health & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 23-6280075, based in Troy, Michigan.
- What is Plumbers 520 Health & Welfare Fund's EIN?
- Plumbers 520 Health & Welfare Fund's Employer Identification Number (EIN) is 23-6280075.
- How much revenue does Plumbers 520 Health & Welfare Fund report?
- Plumbers 520 Health & Welfare Fund reported $28,695,286 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Plumbers 520 Health & Welfare Fund have?
- CharityIndex grades Plumbers 520 Health & Welfare Fund C+, based on financial health (reserves and operating margin).
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Data for Plumbers 520 Health & Welfare Fund (EIN 23-6280075) 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.