Massachusetts Laborers' Health & Welfare Fund
Overview
Mission
The purpose of the plan is to provide health and other benefits to eligible participants.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
Nonprofit profile at a glance
- EIN
- 042214296
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Headquarters
- Burlington, MA, USA
- Rating confidence
- Limited
The verdict
- This form does not report enough financial and governance detail to rate the organization. That is normal for this form and is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 70
- Accountability: 100
- Sustainability: 75
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 8.7%; rating input score 69; 69th percentile among comparable filings
- Operating reserve ratio: 3.43; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 90; 90th percentile among comparable filings
- Officer compensation ratio: 0.8%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.4% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 5.8% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $363K · 15 people listed · 1 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 15 annual filings from 2009 to 2024
- Money network: 6 filed money-flow records
- Related organizations: 4 filed related-organization links