Spfpa and Participating Employershealth and Welfare Trust Fund
99% goes to programs Declining revenue
Spfpa and Participating Employershealth and Welfare Trust Fund is a 501(c)(9) organization based in Roseville, Michigan, registered in 2007, with $40,985,640 in FY2024 revenue. CharityIndex grades it B, and it directs about 99% of spending to programs.
25510 Kelly Rd, Roseville, MI, 48066 EIN 20-8987948 Since 2007
Revenue (FY2024)
$41.0M
▼ 5.9% vs prior year
Membership median: $185K
Expenses (FY2024)
$38.7M
Net assets
$8.9M
Employees
0
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 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating99% to programs
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. For Spfpa and Participating Employershealth and Welfare Trust Fund: 99% to programs earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating3 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 Spfpa and Participating Employershealth and Welfare Trust Fund: 3 mo reserves · +6% margin earns a B on this criterion. See the exact thresholds →
CGovernance25% of the rating2 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 Spfpa and Participating Employershealth and Welfare Trust Fund: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Spfpa and Participating Employershealth and Welfare Trust Fund: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The provision, through leveraging group pricing,of health and welfare benefits to members of the international union of security police fire professionals of america (spfpa).
What they do
Payroll taxes were paid on individuals taxable benefits paid for through the trust
Contact & location
- Address
- 25510 Kelly Rd, Roseville, MI, 48066
- City
- Roseville
- State
- Michigan
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $66.5M (FY2013) to $41.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.9MNet assets $8.9M
Operating margin
5.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14.8M
Total liabilities
$5.9M
Net assets
$8.9M
Salaries & benefits
$0
0% of expenses
Board members
4
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $40,985,640▼5.9% | $38,653,499▼2.4% | $8,907,131▲34.5% | $14,798,804▲17.6% | 990 |
| 2023 | $43,568,597▼3.8% | $39,616,547▼3.4% | $6,624,002▲174% | $12,581,956▲2.5% | 990 |
| 2022 | $45,268,511▼14.4% | $41,016,989▼22.4% | $2,420,421▲145% | $12,272,241▲64.8% | 990 |
| 2021 | $52,856,795▲18.1% | $52,856,795▲3.2% | -$5,353,687▼0.3% | $7,444,651▲2.5% | 990 |
| 2020 | $44,743,283▼25.1% | $51,208,819▼23.6% | -$5,335,386▼296% | $7,263,411▼39.5% | 990 |
| 2019 | $59,724,670▼4.0% | $67,037,171▲3.7% | $2,724,370▼72.9% | $12,005,888▼37.2% | 990 |
| 2018 | $62,231,853▼2.4% | $64,665,457▼2.4% | $10,036,871▼19.5% | $19,122,541▼6.7% | 990 |
| 2017 | $63,749,087▲16.1% | $66,231,603▲22.1% | $12,470,475▼16.6% | $20,494,121▼32.2% | 990 |
| 2016 | $54,889,634▼8.6% | $54,265,064▼5.6% | $14,952,991▲4.4% | $30,218,746▲39.0% | 990 |
| 2015 | $60,046,233▲0.1% | $57,459,042▼0.4% | $14,328,421▲22.0% | $21,747,635▲22.0% | 990 |
| 2014 | $59,973,548▼9.8% | $57,673,796▼8.3% | $11,741,230▲24.4% | $17,823,058▼3.3% | 990 |
| 2013 | $66,519,849 | $62,904,753▲49.5% | $9,441,478▲92.1% | $18,425,704▲120% | 990 |
| 2011 | — | $42,072,373 | $4,914,370 | $8,369,788 | 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 |
|---|---|---|---|
| David Hickey | Trustee | 1.25 | — |
| Donald Eagle | Secretary | 1.25 | — |
| Gail Feustel | Trustee | 1 | — |
| Larry Saye | Chairperson | 2 | — |
| Rick O'quinn | Trustee Thru 10/31/24 | 1.25 | — |
Top vendors & contractors (FY2015)
| Contractor | Services | Paid |
|---|---|---|
| Humanomics Insurance Services Inc | Insur Broker | $1,612,939 |
| Boon Administrative Services Inc | 3rd Party Admin | $780,514 |
| Cenkko Vendittelli Haynes & To Plc | Auditing and Co | $317,932 |
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Compare Spfpa and Participating Employershealth and Welfare Trust Fund
Frequently asked questions
- Is Spfpa and Participating Employershealth and Welfare Trust Fund a legitimate nonprofit?
- Yes. Spfpa and Participating Employershealth and Welfare Trust Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 20-8987948, based in Roseville, Michigan.
- What is Spfpa and Participating Employershealth and Welfare Trust Fund's EIN?
- Spfpa and Participating Employershealth and Welfare Trust Fund's Employer Identification Number (EIN) is 20-8987948.
- How much revenue does Spfpa and Participating Employershealth and Welfare Trust Fund report?
- Spfpa and Participating Employershealth and Welfare Trust Fund reported $40,985,640 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Spfpa and Participating Employershealth and Welfare Trust Fund's spending goes to programs?
- Spfpa and Participating Employershealth and Welfare Trust Fund spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Spfpa and Participating Employershealth and Welfare Trust Fund have?
- CharityIndex grades Spfpa and Participating Employershealth and Welfare Trust Fund B, based on program efficiency and fundraising cost.
- How much does Spfpa and Participating Employershealth and Welfare Trust Fund's highest-paid employee make?
- The highest reported compensation on Spfpa and Participating Employershealth and Welfare Trust Fund's latest Form 990 is $0, paid to David Hickey (Trustee).
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Data for Spfpa and Participating Employershealth and Welfare Trust Fund (EIN 20-8987948) 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.