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Filing year 2023

IRON WORKERS LOCAL 8 WELFARE FUND

Oak Brook, Illinois·EIN 39-0855190·501(c)(9)
Total revenue
$21.2M
Total assets
$51.2M
Total expenses
$20.1M
Reported officers
8
Mission

TO PROVIDE ACCIDENT, HEALTH, DENTAL, VISION, LOSS OF TIME, PRESCRIPTION DRUG, AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS, SPOUSES AND DEPENDENTS.

Executive compensation

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Secretary/treasurer
Officer (Unspecified)
$97k
$108k
Trustee
Board Member
75th to 90th percentile
$92k
$101k
Trustee
Board Member
75th to 90th percentile
$92k
$101k
Trustee
Board Member
10th to 25th percentile
$4k
$4k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 4 unpaid individuals.

Down 7%
from 2022

From $105k in 2022 to $97k in 2023.

$105k
2022
$97k
2023
In today's dollarsEst.
Down 10% in real terms$120k to $108k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay fell 3% from 2022 to 2023, while revenue rose 13%.

$94k in 2022 to $92k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

IRON WORKERS LOCAL 8 WELFARE FUND reported revenue and expenses across 2 filing years.

RevenueExpenses
$18.8M
$20.6M
2022
$21.2M
$20.1M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about IRON WORKERS LOCAL 8 WELFARE FUND

What does the Board Member of IRON WORKERS LOCAL 8 WELFARE FUND earn?

In 2023, the Board Member of IRON WORKERS LOCAL 8 WELFARE FUND received $91,579 in total compensation. This pay is in the top quarter for Board Member roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at IRON WORKERS LOCAL 8 WELFARE FUND compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Member at IRON WORKERS LOCAL 8 WELFARE FUND falls between the 75th and 90th percentiles.

What are IRON WORKERS LOCAL 8 WELFARE FUND's revenue and expenses?

In 2023, IRON WORKERS LOCAL 8 WELFARE FUND reported $21.2M in total revenue and $20.1M in total expenses on its IRS Form 990.

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