Iron Workers Trust Fund Local No 5 Washington DC Welfare Fund

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

10 people listed

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Provide health benefits to union employees.

Revenue model: Earned-program. 94% 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.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 90%; rating input score 90; 3rd percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: -15.6%; rating input score 6; 6th percentile among comparable filings
Total-asset coverage ratio: 3.61; rating input score 79; 79th percentile among comparable filings
Liabilities to assets ratio: 0.22; rating input score 56; 56th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 4.6% per year; rating input score 100; 40th percentile among comparable filings
Asset growth: 16.5% per year; rating input score 100; 84th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 0 of 10 board members independent · 3 of 7 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $0 · 10 people listed
Highest-paid contractors: 1 contractor listed · $673K reported
Consistency: 11 of 12 current checks pass · 1 finding to review
Schedules: 3 filed schedules
Filing history: 16 filing years from 2009 to 2024
Contacts: How to reach this organization
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.

Signals prioritize questions for review. They are not findings of misconduct.

High — Accountability: Independent voting board scored 0/100.
Moderate — Accountability: Governance controls: 4 of 7 not reported.
Moderate — Transparency & Controls: Schedule D other securities reconciliation did not reconcile in the filed values.
High — Sustainability: Operating margin scored 6/100.
Review — Sustainability: Liabilities to assets ratio scored 56/100.