NATIONAL AUTOMATIC SPRINKLER INDUSTRY WELFARE FUND

EIN: 530215881

LANDOVER, MD

Total Revenue
$385,615,471
Total Expenses
$344,043,395
Total Assets
$729,857,766
Net Assets
$707,986,242
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
MD
Principal Officer
JOHN EGER
Phone
3015771700
Tax Period
2023-01-01 to 2023-12-31

NATIONAL AUTOMATIC SPRINKLER INDUSTRY WELFARE FUND, founded in 1957, is a major nonprofit that reported $385.6M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $344.0M left a modest 11% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE EMPLOYEES UNDER A CBA & PARTICIPATION AGRMNTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $371,467,439
Investment Income $14,148,032
Other Revenue $0
TOTAL REVENUE $385,615,471

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,886,098
Fundraising Expenses $0
Other Expenses $7,302,545
TOTAL EXPENSES $344,043,395

Year-over-Year Comparison

2023 2022 Change
Revenue $385,615,471 $308,163,110 +0.3%
Expenses $344,043,395 $298,855,120 +0.2%
Net Income $41,572,076 $9,307,990 +3.5%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
3
Employees
765
Volunteers
N/A

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
0
$0
Total Directors
14
$1,844,658
Key Employees
2
$832,777
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN DUNN FORMER TRUSTEE 1.00
Director
$0 $64,278 $171,576
FRED BARALL FORMER TRUSTEE 1.00
Director
$0 $0 $0
MARTIN CORCORAN TRUSTEE 1.00
Director
$0 $0 $0
PETER GIBBONS TRUSTEE 1.00
Director
$0 $131,023 $333,948
KEVIN BELLEW TRUSTEE 1.00
Director
$0 $117,368 $320,522
ROBERT J COOPER JR TRUSTEE, CHAIRMAN 1.00
Director
$0 $105,660 $290,596
BRIAN E FISHER FORMER TRUSTEE 1.00
Director
$0 $104,428 $270,491
SHANE RAY TRUSTEE 1.00
Director
$0 $0 $0
JOSHUA SAVITZ TRUSTEE 1.00
Director
$0 $0 $0
STEVE ULMER TRUSTEE 1.00
Director
$0 $0 $0
LANCE GUNNELLS TRUSTEE, SECRETARY 1.00
Director
$0 $0 $0
KRIS WINGET TRUSTEE 1.00
Director
$0 $89,263 $253,703
TRINIDAD URIBE III ALTERNATE TRUSTEE 1.00
Director
$0 $0 $0
CARL WESTBY TRUSTEE 1.00
Director
$0 $80,042 $203,822
JOHN EGER ADMINISTRATOR 13.00
Key Emp
$142,206 $162,127 $591,453
ANNA BOSMANS ASSISTANT ADMINISTRATOR 16.00
Key Emp
$87,435 $55,313 $241,324
NIA PADMORE CLAIMS MANAGER 34.00
Highest
$151,150 $50,318 $204,518
ROBERT KAUFMAN IT MANAGER 14.00
Highest
$91,445 $61,976 $290,417
LORI MIDDLETON SUPPLEMENTAL PENSION MANAG 1.00
Highest
$0 $43,644 $155,344
NEIL WHITE SENIOR PROGRAMMER/ANAYLST 17.00
Highest
$65,605 $46,731 $178,085
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
2024 No data No data No data No data
2023 $385,615,471 $344,043,395 $729,857,766 $41,572,076
2022 $308,163,110 $298,855,120 $717,614,743 $9,307,990
2021 $306,850,318 $266,925,962 $723,437,488 $39,924,356
2020 $276,968,844 $237,460,827 $663,604,373 $39,508,017
2019 $286,934,320 $255,422,500 $577,699,253 $31,511,820
2018 $256,831,138 $250,742,894 $529,776,076 $6,088,244
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