Michigan Regional Council of Carpenters Employee Benes Veba Fd

Troy, Michigan

CHealth Score
39C

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Below Average

How This Organization Compares

Compared to 75 peers in Mutual & Membership Benefit with $100M-$1B revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.29×
Peer Median0.49×
💰
$83.8M
Total Revenue
📊
$78.5M
Total Expenses
🏦
$22.8M
Net Assets
📋
$54.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-3.0%
Year-over-year change (2022 → 2023)
Net Margin
+6.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.29
Net assets divided by total expenses
Liabilities-to-Assets
70.4%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$83,803,8333%$78,484,56510%$77,008,7118%
2022$86,420,1443%$87,303,69611%$71,378,6969%
2021$83,954,494$78,385,3657%$78,059,38617%
2020$83,671,9635%$84,319,48517%$66,491,663
2019$88,418,81019%$101,504,38934%$66,285,4261%
2018$74,160,11823%$75,923,44133%$67,223,59973%
2017$60,294,7882%$57,070,6388%$38,783,30424%
2016$59,377,40810%$52,689,50617%$31,217,38727%
2015$54,225,3489%$44,872,2383%$24,586,60541%
2014$49,531,8715%$43,774,24716%$17,488,64729%
2013$52,104,4736%$52,050,3181%$13,604,9098%
2012$55,187,5187%$52,826,5921%$12,608,86622%
2011$51,583,043$53,092,059$10,299,583

Frequently Asked Questions

What does Michigan Regional Council of Carpenters Employee Benes Veba Fd do?

Michigan Regional Council of Carpenters Employee Benes Veba Fd is a mutual & membership benefit nonprofit organization based in Michigan. It is classified under NTEE code Y43 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Michigan Regional Council of Carpenters Employee Benes Veba Fd financially healthy?

Based on our 9-metric Financial Health Score model, Michigan Regional Council of Carpenters Employee Benes Veba Fd has a score of 39/100 (Grade: C). 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 Michigan Regional Council of Carpenters Employee Benes Veba Fd generate?

Michigan Regional Council of Carpenters Employee Benes Veba Fd reports $100.3M in annual revenue and holds $111.2M in total assets, based on IRS filings.

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