Twin City Ironworkers Health & Welfare Fund
501(c)(9)
Only null% goes to programs Strong reserves
Twin City Ironworkers Health & Welfare Fund is a 501(c)(9) organization based in Bloomington, Minnesota, registered in 1967, with $28,555,151 in FY2023 revenue. CharityIndex grades it B.
3001 Metro Dr Ste 500, Bloomington, MN, 55425 EIN 41-6023463 Since 1967
Revenue (FY2023)
$28.6M
▲ 2.3% vs prior year
Expenses (FY2023)
$26.5M
Net assets
$35.5M
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 Twin City Ironworkers 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 · +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 Twin City Ironworkers Health & Welfare Fund: 16 mo reserves · +7% 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 Twin City Ironworkers 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 Twin City Ironworkers 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
- 3001 Metro Dr Ste 500, Bloomington, MN, 55425
- City
- Bloomington
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $20.9M (FY2013) to $28.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.8MNet assets $35.5M
Operating margin
7.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$37.3M
Total liabilities
$1.8M
Net assets
$35.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $28,555,151▲2.3% | $26,529,094▼10.1% | $35,507,718▲14.4% | $37,336,182▲17.1% | 990 |
| 2022 | $27,926,160▲1.0% | $29,518,814▲11.1% | $31,031,569▼16.1% | $31,876,855▼15.5% | 990 |
| 2021 | $27,647,843▲10.8% | $26,578,655▲0.7% | $36,977,284▲2.7% | $37,714,994▲0.4% | 990 |
| 2020 | $24,949,853▼9.1% | $26,400,952▼4.0% | $36,021,903▲0.5% | $37,578,001▲2.4% | 990 |
| 2019 | $27,450,124▲5.9% | $27,506,309▲13.1% | $35,829,094▲7.7% | $36,704,719▲6.4% | 990 |
| 2018 | $25,921,379▲9.2% | $24,326,601▲2.0% | $33,262,475▼2.2% | $34,506,033▼1.2% | 990 |
| 2017 | $23,727,101▲1.9% | $23,853,455▼12.4% | $34,023,778▲5.7% | $34,931,183▲4.7% | 990 |
| 2016 | $23,289,895▼21.6% | $27,238,482▲9.3% | $32,176,574▼8.1% | $33,353,302▼9.2% | 990 |
| 2015 | $29,703,517▲19.8% | $24,924,984▲20.3% | $35,019,582▲12.6% | $36,743,933▲10.6% | 990 |
| 2014 | $24,792,708▲18.8% | $20,720,618▲4.3% | $31,112,058▲17.3% | $33,212,595▲18.7% | 990 |
| 2013 | $20,871,572 | $19,874,956▼4.1% | $26,533,754▲4.7% | $27,971,868▲5.4% | 990 |
| 2012 | — | $20,715,952▲58.1% | $25,345,496▼4.2% | $26,542,745▼0.4% | 990 |
| 2011 | — | $13,104,366▲9.4% | $26,459,836▲9.1% | $26,662,566▲9.4% | 990 |
| 2010 | — | $11,980,022 | $24,256,962 | $24,375,913 | 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 Twin City Ironworkers Health & Welfare Fund a legitimate nonprofit?
- Yes. Twin City Ironworkers Health & Welfare Fund is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 41-6023463, based in Bloomington, Minnesota.
- What is Twin City Ironworkers Health & Welfare Fund's EIN?
- Twin City Ironworkers Health & Welfare Fund's Employer Identification Number (EIN) is 41-6023463.
- How much revenue does Twin City Ironworkers Health & Welfare Fund report?
- Twin City Ironworkers Health & Welfare Fund reported $28,555,151 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Twin City Ironworkers Health & Welfare Fund have?
- CharityIndex grades Twin City Ironworkers Health & Welfare Fund B, based on financial health (reserves and operating margin).
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Data for Twin City Ironworkers Health & Welfare Fund (EIN 41-6023463) 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.