#242 of 500 · Member & Benefit Funds

Midwest Operating Engineers Welfare Fund

EIN 36-6109395 · IL · NTEE n/a · Form 990, fiscal 2023

A multiemployer (Taft-Hartley) health and welfare benefit fund associated with International Union of Operating Engineers Local 150, administered from Countryside, Illinois. It provides health and welfare benefits, including medical coverage and related benefits, to eligible active and retired Local 150 members and their dependents, funded through collective bargaining agreements. It is one of several fringe-benefit funds administered by the Midwest Operating Engineers Fringe Benefit Funds office.

Financials, fiscal 2023

Revenue

$656.8M

Expenses

$491.9M

Total assets

$1.87B

Net assets

$1.79B

Operating margin

25.1%

1-year growth

3.9%

5-year growth (CAGR)

25.7%

Reserve (years of spending)

43.7

Contributions share

n/a

Programme spending

95.6%

Fundraising cost

n/a

Executive pay share

0.08%

Employees

133

Revenue per employee

$4.9M

Grants paid

n/a

Years filing

68

NFP Health Score: 82 / 100

Financial 69 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Revenue history