Middletown Works Hourly & Salaried Union Retirees Health Care Fund

Seattle, Washington

BHealth Score
60B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 22 peers in Mutual & Membership Benefit with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org18.59×
Peer Median10.70×
💰
$31.1M
Total Revenue
📊
$34.6M
Total Expenses
🏦
$644.0M
Net Assets
📋
$1.7M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+56.1%
Year-over-year change (2022 → 2023)
Net Margin
-11.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
18.59
Net assets divided by total expenses
Liabilities-to-Assets
0.3%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$31,093,97856%$34,635,90110%$645,729,6388%
2022$19,917,17547%$38,478,4169%$597,444,80319%
2021$37,616,24497%$42,412,34514%$736,520,0213%
2020$19,079,80759%$37,236,99228%$716,577,5466%
2019$46,943,64816%$51,365,3341%$674,421,41810%
2018$55,693,87153%$51,798,2942%$614,265,9099%
2017$36,489,22321%$52,729,4731%$675,366,5515%
2016$45,966,404155%$52,088,9165%$641,611,7301%
2015$17,993,36543%$49,710,0914%$635,943,4607%
2014$31,412,1149%$47,792,6393%$682,710,1491%
2013$34,612,34825%$49,457,6312%$673,550,1907%
2012$27,599,02570%$48,544,3782%$631,367,8816%
2011$92,544,848$49,652,487$595,614,055

Frequently Asked Questions

What does Middletown Works Hourly & Salaried Union Retirees Health Care Fund do?

Middletown Works Hourly & Salaried Union Retirees Health Care Fund is a mutual & membership benefit nonprofit organization based in Washington. It is classified under NTEE code Y43 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Middletown Works Hourly & Salaried Union Retirees Health Care Fund financially healthy?

Based on our 9-metric Financial Health Score model, Middletown Works Hourly & Salaried Union Retirees Health Care Fund has a score of 60/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Middletown Works Hourly & Salaried Union Retirees Health Care Fund generate?

Middletown Works Hourly & Salaried Union Retirees Health Care Fund reports $92.2M in annual revenue and holds $680.8M in total assets, based on IRS filings.

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