Woolrich Inc Employees Beneficial Association

Nonprofit profile at a glance

EIN
246018271
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Woolrich, PA, USA
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$103,527
Expenses
$47,967
Assets
$376,790
Liabilities
$7,325

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

Leadership & pay

5 people listed

Executive titles in this filing

  • TERRI HAMBERGER (PRESIDENT)
  • JOY CROAK (VICE PRESIDENT)

People named in this filing

  • TERRI HAMBERGER (PRESIDENT)
  • JOY CROAK (VICE PRESIDENT)
  • JENNIFER TONER (TREASURER)

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

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

Overview

Mission

The association was established in the 1930s when a trust was established from a request from the will of M.B. Rich The First President of Woolrich Inc.The Income from the trust is to be used for specific purposes from which the employees would receive direct and indirect benefits.1. Financial assistance to members in case of hardship. 2. Scholarships to children of members. 3. Support to charitable institutions in the area. 4. Cultural education and recreation advantages.

What it reported doing in 2024

Hardships Charity contributions scholarships and memorials and flowers - these provided to our members and families that are in need.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 86% 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

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 100
  • Sustainability: 85
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.2%; rating input score 46
  • Program expense ratio: 99.7%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 53.7%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 7.86; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -25% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: 1% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: 14.1% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 46.2% of revenue deployed · 99.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $48K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • 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.

Key Signals

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

  • Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.