Carpenters' Guaranty Fund
Nonprofit profile at a glance
- EIN
- 386238334
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Northville, MI, USA
- Phone
- 2483059905
- Rating
- 43
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Mutual/Membership Benefit N.E.C.
Reported finances
- Revenue
- $233,048
- Expenses
- $40,451
- Assets
- $1,851,448
- Liabilities
- $85,935
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Highest reported compensation
- THOMAS LUTZ (TRUSTEE): $383,790 total reported compensation
- MICHAEL BARNWELL (CHAIRMAN): $342,334 total reported compensation
- RICHARD WILLIAMSON (TRUSTEE): $271,776 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The carpenters guaranty fund is crafted for the purpose of negotiating collectively bargained agreements with other associations and individual employers which require either that security deposits be made to the fund or that an association stand surety for some or all of its memebrs or both for the representation, organizing and bargaining of northern midwest regional council of carpenters, in compliance with a collectively bargained agreement through the taft-hartley act.
What it reported doing in 2025
The carpenters guaranty fund is crafted for the purpose of negotiating collectively bargained agreements with other associations and individual employers which either that security deposits be made to the fund or that an association stand surety for some or all of its members or both for the representation, organizing and bargaining of northern midwest regional council of carpenters, in compliance with a collectively bargained agreement through the taft-hartley act.
Operating model
- Revenue model
- Earned-program. 75% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 10
- Transparency & Controls: 60
- Accountability: 69
- Sustainability: 79
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 3.2%; rating input score 3
- Program expense ratio: 24.6%; rating input score 25
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 54.5%; rating input score 55; 19th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 82.6%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 45.77; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 1,838.3%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -14.4% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: 3.1% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 2.7% per year; rating input score 100; 34th percentile among comparable filings
Details
- Where the money goes: 3.2% of revenue deployed · 24.6% of spending went to programs
- Governance: 6 of 11 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $10K in reported program spending
- Leadership: top reported pay $384K · 13 people listed · 0 of 6 pay-setting controls reported
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Related organizations: 9 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 3/100.
- High — Financial Efficiency: Program expense ratio scored 25/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 55/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.