Ironworkers Tri-state Welfare Plan
Nonprofit profile at a glance
- EIN
- 366599036
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Schaumburg, IL, USA
- Phone
- 8473954467
- Rating confidence
- Limited
Reported finances
- Revenue
- $31,873,654
- Expenses
- $30,745,371
- Assets
- $70,552,560
- Liabilities
- $501,156
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Highest reported compensation
- KEVIN HRAY (TRUSTEE): $321,654 total reported compensation
- MARK RICHESON (TRUSTEE): $273,500 total reported compensation
- PAUL ARAMBASICH (TRUSTEE): $242,895 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide health benefits
What it reported doing in 2025
To provide health & welfare benefits, including medical, dental, vision, disability, prescription drug and death benefit coverage for eligible participants and their beneficiaries.
Operating model
- Revenue model
- Other-operating. 93% of the money available for current operations came from other operating 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 verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 60
- Accountability: 65
- Sustainability: 55
- Growth: 60
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; 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: 50%; rating input score 50; 8th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.5%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 2.29; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 90; 90th percentile among comparable filings
- Officer compensation ratio: 2.2%; rating input score 79; 79th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.4% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 6 of 12 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $322K · 13 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $1.3M reported
- Consistency: 11 of 11 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
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.