Iron Workers Local 549 & 550 Medical & Benefit Fund

Ona, West Virginia

B+Health Score
70B+

Financial Health Score

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

Good

How This Organization Compares

Compared to 22 peers in Mutual & Membership Benefit with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org1.37×
Peer Median10.70×
💰
$10.7M
Total Revenue
📊
$9.9M
Total Expenses
🏦
$13.6M
Net Assets
📋
$128K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-2.8%
Year-over-year change (2022 → 2023)
Net Margin
+8.0%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.37
Net assets divided by total expenses
Liabilities-to-Assets
0.9%
Total liabilities as % of total assets

Filing History

14 filings on record
YearRevenueExpensesAssets
2023$10,746,9233%$9,892,2075%$13,711,1043%
2022$11,059,49513%$10,408,50812%$13,260,4844%
2021$9,826,27410%$9,285,1768%$12,782,5789%
2020$10,960,5423%$10,058,7171%$11,681,3927%
2019$11,323,44819%$10,182,2301%$10,888,49113%
2018$9,502,32514%$10,036,4172%$9,610,5576%
2017$8,369,53119%$9,869,9676%$10,221,07012%
2016$7,023,01312%$9,273,3514%$11,632,70017%
2015$7,998,1245%$9,628,52715%$13,968,01012%
2014$8,447,80110%$8,391,35511%$15,784,011
2013$7,661,236$7,585,9449%$15,842,7221%
2012$7,655,3625%$6,981,936$15,742,1913%
2011$7,310,17014%$6,961,2449%$15,326,47616%
2009$8,466,401$7,668,264$13,197,992

Frequently Asked Questions

What does Iron Workers Local 549 & 550 Medical & Benefit Fund do?

Iron Workers Local 549 & 550 Medical & Benefit Fund is a mutual & membership benefit nonprofit organization based in West Virginia. It is classified under NTEE code Y40 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Iron Workers Local 549 & 550 Medical & Benefit Fund financially healthy?

Based on our 9-metric Financial Health Score model, Iron Workers Local 549 & 550 Medical & Benefit Fund has a score of 70/100 (Grade: B+). 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 Iron Workers Local 549 & 550 Medical & Benefit Fund generate?

Iron Workers Local 549 & 550 Medical & Benefit Fund reports $12.7M in annual revenue and holds $17.2M in total assets, based on IRS filings.

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