MICHIGAN REGIONAL COUNCIL OF CARPENTERS' EMPLOYEE BENEFITS FUND

EIN: 383508105 Mutual Benefit

TROY, MI

Total Revenue
$100,342,024
Total Expenses
$86,363,630
Total Assets
$111,242,069
Net Assets
$45,903,067
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MI
Principal Officer
THOMAS LUTZ
Phone
2488139800
Tax Period
2024-05-01 to 2025-04-30

MICHIGAN REGIONAL COUNCIL OF CARPENTERS' EMPLOYEE BENEFITS FUND, founded in 2000, is a major nonprofit in the Mutual Benefit sector that reported $100.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $86.4M left a modest 14% surplus.

Mission

THE EMPLOYEE BENEFIT FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING HEALTH AND WELFARE BENEFITS TO PARTICIPANTS FOR THE BENEFIT OF THE MEMBERSHIP, ON BEHALF OF THE MICHIGAN REGIONAL COUNCIL OF CARPENTERS, IN COMPLIANCE WITH THE TAFT-HARTLEY ACT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $96,495,756
Investment Income $3,617,717
Other Revenue $228,551
TOTAL REVENUE $100,342,024

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $4,432,593
TOTAL EXPENSES $86,363,630

Year-over-Year Comparison

2024 2023 Change
Revenue $100,342,024 $92,704,602 +0.1%
Expenses $86,363,630 $77,175,849 +0.1%
Net Income $13,978,394 $15,528,753 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
6
Employees
72
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
12
$1,402,219
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS LUTZ CHAIRMAN 1.00
Director
$0 $118,623 $370,113
MICHAEL BARNWELL TRUSTEE 1.00
Director
$0 $119,516 $318,592
RICH WILLIAMSON TRUSTEE 1.00
Director
$0 $99,090 $249,029
PAUL JEWELL TRUSTEE 1.00
Director
$0 $100,223 $240,206
MIKE JACKSON JR TRUSTEE 1.00
Director
$0 $87,364 $224,279
DARIN BAYDOUN TRUSTEE 1.00
Director
$0 $0 $0
TODD BEGEROWSKI TRUSTEE 1.00
Director
$0 $0 $0
BRYAN DAVIS TRUSTEE 1.00
Director
$0 $0 $0
DAVE ESCHNER TRUSTEE 1.00
Director
$0 $0 $0
ROBERT HALIK SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES OLEKSINSKI TRUSTEE 1.00
Director
$0 $0 $0
PHIL VINCENTI TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $100,342,024 $86,363,630 $111,242,069 $13,978,394
2024 $92,704,602 $77,175,849 $94,461,279 $15,528,753
2023 $83,803,833 $78,484,565 $77,008,711 $5,319,268
2022 $86,420,144 $87,303,696 $71,378,696 $-883,552
2021 $83,954,494 $78,385,365 $78,059,386 $5,569,129
2020 $83,671,963 $84,319,485 $66,491,663 $-647,522
2019 $88,418,810 $101,504,389 $66,285,426 $-13,085,579
2018 $74,160,118 $75,923,441 $67,223,599 $-1,763,323
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