Tri-County Building Trades Welfare Fund

The information for Tri-County Building Trades Welfare Fund is as of the organization's most recent filing in April 2019. This organization is located in Troy, MI. It has been in existence for 60 years, following its founding in 1959.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Tri-County Building Trades Welfare Fund's NTEE code is Y20. The "Y" tells us that the organization is classified along with Insurance Providers. The "20" tells us that the organization is a Mutual & Membership Benefit. The NTEE describes Mutual & Membership Benefit as organizations that are established as vehicles for their parent corporations to set aside funds for workers compensation, medical malpractice, general liability claims, and other insurance purposes.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(9) organization. The IRS describes these organizations as Voluntary Employee Beneficiary Associations.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Tri-County Building Trades Welfare Fund is to provide health benefits to its members.

Program Areas

The program area provides medical, prescription drug, dental, vision, death, disability and AD&D benefits to eligible participants and their dependents.

Organization Staffing

Tri-County Building Trades Welfare Fund has 48 employees, none of whom were paid more than $100k according to the organization's most recent 990 tax filing. There were no volunteers supporting the paid staff.

Board Governance

Tri-County Building Trades Welfare Fund is an exemplary organization when it comes to good governance. With a voting membership of six and six independent members, the organization is well balanced and has a strong oversight committee. The organization has also delegated management to an outside firm, ensuring that the organization is well managed and has a clear vision for the future. Furthermore, all board and committee meetings are documented and the organization has a conflict of interest policy, a written whistleblower policy, and a document retention policy. These policies ensure that all members of the organization are held accountable and that any potential conflicts of interest are identified and addressed. Unfortunately, the organization does not substantiate or review leadership or officer salaries, nor does it provide copies of the 990 to the board prior to filing. However, these are minor issues that can be addressed in the future. Overall, Tri-County Building Trades Welfare Fund is an exemplary organization when it comes to good governance.

Organization Growth

The Tri-County Building Trades Welfare Fund has grown significantly over this time period. Program Service Revenue, Investment Income, and Total Revenue have all increased, and Benefits Paid to Members and Total Expenses have also risen. Additionally, the total number of employees has increased from 39 to 48. This growth indicates that the Fund is in a strong position and is likely to continue providing excellent services to its members.