Local 358 Health and Welfare Fund
Nonprofit profile at a glance
- EIN
- 800427156
- IRS 990 coverage
- 2014–2014
- Forms available
- Form 990 2014
- Location
- Highland Springs, VA, USA
- Phone
- 8043282567
- Rating confidence
- Limited
- Sector
- Law Enforcement
Reported finances
- Revenue
- $1,671,280
- Expenses
- $2,209,957
- Assets
- $170,507
- Liabilities
- $1,509,205
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
3 people listed
Highest reported compensation
- TED CONSTABLE (UNION TRUSTEE): $15,100 total reported compensation
- DONALD MESSER (EMPLOYER TRUSTEE): $1,251 total reported compensation
- MAURICE CANADY (UNION TRUSTEE): $1,184 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide health and welfare benefits to eligible participants
What it reported doing in 2014
Pay health benefits for approximately 380 participants.
Operating model
- Revenue model
- Earned-program. 100% 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 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: 90
- Accountability: 10
- Sustainability: 11
- Growth: NotEnoughData
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; 63rd 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: 0%; rating input score 0; 4th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -32.2%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.08; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 8.85; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 0.8%; rating input score 68; 68th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 0 of 2 board members independent · 2 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $15K · 3 people listed
- Consistency: 11 of 11 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Operating margin scored 4/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.