Uaw Retirees of the Budd Company Health & Welfare Trust
Only null% goes to programs Strong reserves Declining revenue
Uaw Retirees of the Budd Company Health & Welfare Trust is a 501(c)(9) organization based in Washington, District of Columbia, registered in 2016, with $23,560,896 in FY2024 revenue. CharityIndex grades it B+.
1701 Pennsylvania Ave Nw Ste 1200, Washington, DC, 20006 EIN 81-3021883 Since 2016
Revenue (FY2024)
$23.6M
▲ 12.9% vs prior year
Membership median: $185K
Expenses (FY2024)
$28.8M
Net assets
$462.4M
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+
—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 Uaw Retirees of the Budd Company Health & Welfare Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating193 mo reserves · -22% 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 Uaw Retirees of the Budd Company Health & Welfare Trust: 193 mo reserves · -22% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Uaw Retirees of the Budd Company Health & Welfare Trust: 6 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 Uaw Retirees of the Budd Company Health & Welfare Trust: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The trust was established and is continued for the purpose of providing health and welfare benefits to help fund certain benefits provided to eligible retired employees of the budd company, inc. who ended their employment at the budd company in the uaw represented bargaining unit, and surviving spouses, spouses and dependents who may be entitled to such benefits through their relationship with such retirees.
Contact & location
- Address
- 1701 Pennsylvania Ave Nw Ste 1200, Washington, DC, 20006
- City
- Washington
- State
- District of Columbia
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $510.1M (FY2016) to $23.6M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $95KNet assets $462.4M
Operating margin
-22.2%
Spent more than it raised in the latest fiscal year.
Total assets
$462.5M
Total liabilities
$95K
Net assets
$462.4M
Salaries & benefits
$87K
0% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $23,560,896▲12.9% | $28,792,353▲10.9% | $462,445,132▲1.8% | $462,540,231▲1.8% | 990 |
| 2023 | $20,877,745▲114% | $25,951,073▲8.8% | $454,376,939▲6.3% | $454,507,305▲6.3% | 990 |
| 2022 | $9,757,077▼69.8% | $23,852,764▲0.9% | $427,539,582▼14.8% | $427,740,694▼14.8% | 990 |
| 2021 | $32,293,120▲109% | $23,643,241▼3.8% | $501,940,159▲1.6% | $502,021,542▲1.6% | 990 |
| 2020 | $15,420,523▲21.8% | $24,571,721▼16.1% | $494,051,348▲3.6% | $494,153,594▲3.6% | 990 |
| 2019 | $12,659,961▼59.9% | $29,301,497▼2.9% | $477,079,910▲4.7% | $477,202,112▲4.7% | 990 |
| 2018 | $31,533,908▲245% | $30,183,828▼8.1% | $455,565,667▼7.5% | $455,748,646▼7.5% | 990 |
| 2017 | $9,138,977▼98.2% | $32,831,288▲128% | $492,303,591▼0.7% | $492,445,583▼0.7% | 990 |
| 2016 | $510,094,742 | $14,401,100 | $495,693,642 | $495,755,813 | 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)
Highest-paid: Gary Petroni — $25,087 (0.09% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Gary Petroni | Chairperson | 1 | $25,087 |
| Francine Parker | Committee Member | 1 | $20,426 |
| Rick Isaacson | Committee Member | 1 | $20,426 |
| Suzanne Daniels Phd | Committee Member | 1 | $20,426 |
| Comerica | Institutional Trustee | 1 | $8,619 |
| George Hardy | Committee Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Blue Cross Blue Shield of Michigan | Administrative Services | $873,523 |
| Central Data Services | Administrative Services | $437,468 |
| State Street Global Advisors | Investment Management Fees | $216,545 |
| Cvs Pharmacy | Administrative Services | $172,613 |
| Segal Marco Advisors | Administrative Services | $126,158 |
Similar organizations in Membership
Membership
Smart Vstd Group Plan
Washington, DC
$23.9M
Bannual revenue
- Membership
Ufcw Health Insurance Plan For Retirees
Washington, DC
$24.5M
Cannual revenue
Membership
United Mine Workers of America Prefunded Benefit Plan
Washington, DC
$22.5M
Bannual revenue
- Membership
Uaw Retirees Health Care Tr
Washington, DC
$20.4M
Aannual revenue
- Membership
Uaw Retirees of Mack Trucks Health Benefit Fund
Washington, DC
$28.5M
Aannual revenue
- Membership
National Education Association and Affiliate Retiree Health Plan
Washington, DC
$16.3M
C+annual revenue
- Membership
Ufcw Health Insurance Plan For Active Employees
Washington, DC
$14.2M
Cannual revenue
Membership
Institutional LP Association
Washington, DC
$13.9M
Bannual revenue
Membership
Former Player Benefits Tr
Washington, DC
$34.9M
Bannual revenue
Membership
Surety & Fidelity Association of America
Washington, DC
$6.0M
Bannual revenue
Compare Uaw Retirees of the Budd Company Health & Welfare Trust
Frequently asked questions
- Is Uaw Retirees of the Budd Company Health & Welfare Trust a legitimate nonprofit?
- Yes. Uaw Retirees of the Budd Company Health & Welfare Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 81-3021883, based in Washington, District of Columbia.
- What is Uaw Retirees of the Budd Company Health & Welfare Trust's EIN?
- Uaw Retirees of the Budd Company Health & Welfare Trust's Employer Identification Number (EIN) is 81-3021883.
- How much revenue does Uaw Retirees of the Budd Company Health & Welfare Trust report?
- Uaw Retirees of the Budd Company Health & Welfare Trust reported $23,560,896 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Uaw Retirees of the Budd Company Health & Welfare Trust have?
- CharityIndex grades Uaw Retirees of the Budd Company Health & Welfare Trust B+, based on financial health (reserves and operating margin).
- How much does Uaw Retirees of the Budd Company Health & Welfare Trust's highest-paid employee make?
- The highest reported compensation on Uaw Retirees of the Budd Company Health & Welfare Trust's latest Form 990 is $25,087, paid to Gary Petroni (Chairperson).
More nonprofits in Washington
Explore more
Data for Uaw Retirees of the Budd Company Health & Welfare Trust (EIN 81-3021883) 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.