Shopmens Local Union 508 Health & Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Shopmens Local Union 508 Health & Welfare Fund is a 501(c)(9) organization based in Southfield, Michigan, registered in 1973, with $578,158 in FY2024 revenue. CharityIndex grades it D.
2000 Town Ctr Ste 1900, Southfield, MI, 48075 EIN 38-6237159 Since 1973
Revenue (FY2024)
$578K
▼ 10.2% vs prior year
Expenses (FY2024)
$804K
Net assets
$1.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 Shopmens Local Union 508 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 →
DFinancial health25% of the rating27 mo reserves · -39% 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 Shopmens Local Union 508 Health & Welfare Fund: 27 mo reserves · -39% margin earns a D 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 Shopmens Local Union 508 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 →
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 Shopmens Local Union 508 Health & Welfare Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2000 Town Ctr Ste 1900, Southfield, MI, 48075
- City
- Southfield
- State
- Michigan
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue declined from $967K (FY2013) to $578K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $6,743Net assets $1.8M
Operating margin
-39.0%
Spent more than it raised in the latest fiscal year.
Total assets
$1.8M
Total liabilities
$6,743
Net assets
$1.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $578,158▼10.2% | $803,639▲7.5% | $1,836,058▼10.9% | $1,842,801▼10.6% | 990 |
| 2023 | $644,171▲32.9% | $747,816▲15.1% | $2,061,539▼4.8% | $2,061,539▼4.8% | 990 |
| 2022 | $484,691▼7.8% | $649,621▲9.6% | $2,165,184▼6.7% | $2,165,184▼6.7% | 990 |
| 2021 | $525,871▼2.5% | $592,549▲8.2% | $2,320,686▼3.6% | $2,320,686▼3.6% | 990 |
| 2020 | $539,529▼10.0% | $547,673▼7.7% | $2,406,969▼0.3% | $2,406,969▼0.3% | 990 |
| 2019 | $599,771▼17.4% | $593,121▼0.6% | $2,415,113▲0.3% | $2,415,113▲0.2% | 990 |
| 2018 | $726,524▼2.1% | $596,429▲2.4% | $2,408,463▲5.7% | $2,409,810▲5.5% | 990 |
| 2017 | $742,265▼21.7% | $582,683▼20.0% | $2,278,368▲7.5% | $2,284,446▲7.5% | 990 |
| 2016 | $948,056▼14.2% | $728,562▼7.1% | $2,118,786▲11.6% | $2,125,851▲11.9% | 990 |
| 2015 | $1,105,565▼0.4% | $784,497▲6.5% | $1,899,292▲20.3% | $1,899,294▲19.8% | 990 |
| 2014 | $1,109,637▲14.8% | $736,359▲4.1% | $1,578,224▲31.0% | $1,585,897▲30.8% | 990 |
| 2013 | $966,542 | $707,519▲7.6% | $1,204,946▲27.4% | $1,212,113▲27.9% | 990 |
| 2012 | — | $657,624▼13.2% | $945,923▲66.5% | $947,462▲59.3% | 990 |
| 2011 | — | $757,475▼60.5% | $568,087▲35.2% | $594,941▲33.7% | 990 |
| 2010 | — | $1,917,733 | $420,236 | $444,966 | 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 Shopmens Local Union 508 Health & Welfare Fund a legitimate nonprofit?
- Yes. Shopmens Local Union 508 Health & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 38-6237159, based in Southfield, Michigan.
- What is Shopmens Local Union 508 Health & Welfare Fund's EIN?
- Shopmens Local Union 508 Health & Welfare Fund's Employer Identification Number (EIN) is 38-6237159.
- How much revenue does Shopmens Local Union 508 Health & Welfare Fund report?
- Shopmens Local Union 508 Health & Welfare Fund reported $578,158 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Shopmens Local Union 508 Health & Welfare Fund have?
- CharityIndex grades Shopmens Local Union 508 Health & Welfare Fund D, based on financial health (reserves and operating margin).
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Data for Shopmens Local Union 508 Health & Welfare Fund (EIN 38-6237159) 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.