Ibew Local No 241 Welfare Benefits Fund
Troy, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Very Good
How This Organization Compares
Compared to 22 peers in Unclassified with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $3,629,590↑8% | $3,162,495↑21% | $10,219,252↓2% | |
| 2022 | $3,349,729↑7% | $2,618,032↑11% | $10,452,620↓7% | — |
| 2021 | $3,142,360↑15% | $2,368,346↑3% | $11,266,624↑25% | — |
| 2020 | $2,739,525↓18% | $2,297,301↑2% | $8,979,975↑7% | — |
| 2019 | $3,331,576↑15% | $2,260,313↑1% | $8,396,266↑13% | — |
| 2018 | $2,902,014↓7% | $2,235,561↓12% | $7,410,146↑7% | — |
| 2017 | $3,135,115↑16% | $2,529,169↓15% | $6,908,030↑11% | — |
| 2016 | $2,698,256↓12% | $2,987,029↑38% | $6,198,133↓5% | — |
| 2015 | $3,074,616↑6% | $2,161,923↓3% | $6,504,542↑13% | — |
| 2014 | $2,901,087↓10% | $2,228,848↓4% | $5,734,955↑15% | — |
| 2013 | $3,239,405↑31% | $2,313,493↑1% | $4,974,667↑27% | — |
| 2012 | $2,466,139 | $2,301,127↑14% | $3,922,700↑2% | — |
| 2011 | $2,455,405 | $2,011,786 | $3,859,183 | — |
Frequently Asked Questions
What does Ibew Local No 241 Welfare Benefits Fund do?▼
Ibew Local No 241 Welfare Benefits Fund is a unclassified nonprofit organization based in Michigan. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Ibew Local No 241 Welfare Benefits Fund financially healthy?▼
Based on our 9-metric Financial Health Score model, Ibew Local No 241 Welfare Benefits Fund has a score of 77/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Ibew Local No 241 Welfare Benefits Fund generate?▼
Ibew Local No 241 Welfare Benefits Fund reports $4.5M in annual revenue and holds $11.8M in total assets, based on IRS filings.
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