YMutual & Membership BenefitEIN: 770649935· Ruling Year: 2006

Asbestos Workers Local 24 Medical Fund

Canfield, Ohio

B-Health Score
51B-

Financial Health Score

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

Average

How This Organization Compares

Compared to 2 peers in Mutual & Membership Benefit with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org1.25×
Peer Median29.60×
💰
$7.5M
Total Revenue
📊
$9.6M
Total Expenses
🏦
$12.0M
Net Assets
📋
$1.8M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-14.1%
Year-over-year change (2022 → 2023)
Net Margin
-27.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.25
Net assets divided by total expenses
Liabilities-to-Assets
13.3%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$7,503,78714%$9,557,16118%$13,799,6356%
2022$8,731,37911%$8,100,1418%$14,745,1884%
2021$7,842,0497%$8,790,28810%$15,356,7572%
2020$7,317,20223%$7,963,12210%$15,060,6304%
2019$5,938,22951%$7,229,80616%$15,660,3817%
2018$12,040,00747%$6,253,81518%$16,823,19635%
2017$8,189,84392%$7,671,7242%$12,429,44114%
2016$4,260,40810%$7,489,20429%$10,880,63422%
2015$3,882,27321%$5,801,84024%$13,911,12813%
2014$4,906,74613%$4,692,5951%$16,017,4523%
2013$4,346,91418%$4,651,55013%$15,614,302
2012$5,333,1586%$4,106,92712%$15,538,11410%
2011$5,672,480$4,689,444$14,065,821

Frequently Asked Questions

What does Asbestos Workers Local 24 Medical Fund do?

Asbestos Workers Local 24 Medical Fund is a mutual & membership benefit nonprofit organization based in Ohio. It is classified under NTEE code Y43 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Asbestos Workers Local 24 Medical Fund financially healthy?

Based on our 9-metric Financial Health Score model, Asbestos Workers Local 24 Medical Fund has a score of 51/100 (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 Asbestos Workers Local 24 Medical Fund generate?

Asbestos Workers Local 24 Medical Fund reports $7.9M in annual revenue and holds $14.2M in total assets, based on IRS filings.

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