Caterpillar

Legal name: Caterpillar Inc Group Insurance Master Trust Agreement 22-46859

Nonprofit profile at a glance

EIN
366426495
IRS 990 coverage
2018–2025
Official website data refreshed
Sep 2026
Forms available
Form 990 2025
Location
Chicago, IL, USA
Phone
3096754771
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$235,178,939
Expenses
$202,939,017
Assets
$127,917,735
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

1 person listed

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, and is committed to a reduced-carbon future. Cat SIS2GO App: Parts, Service and Maintenance Info Anywhere Cat SIS2GO App: Parts, Service and Maintenance Info Anywhere​ Get Cat SIS2GO app for fast access to parts, service and maintenance info. Troubleshoot, repair and manage equipment with expert data anytime anywhere. Learn More Build a Resilient Safety Culture with Caterpillar Expertise Build a Resilient Safety Culture with Caterpillar Expertise Discover Caterpillar Safety Services to build a resilient safety culture through expert guidance, training and solutions that improve engagement and reduce risk​. Learn More Safety Culture Resources to Support Safer, Stronger Teams Safety Culture Resources to Support Safer, Stronger Teams​ Exp.

What it reported doing in 2025

Providing health and welfare benefits for its members.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Member-benefit provider. The nonprofit used 98% of its reported program spending for member benefits.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 64
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.2%; rating input score 86
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 13.7%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 98; 98th percentile among comparable filings
  • Officer compensation ratio: 0.1%; rating input score 90; 90th percentile among comparable filings

Growth

  • Program expense growth: -7.9% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -0.5% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -16.4% per year; rating input score 0; 1st percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 86.2% of revenue deployed · 100% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $202.9M in reported program spending
  • Leadership: top reported pay $205K · 1 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 8 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • High — Growth: Asset growth scored 0/100.