#397 of 500 · Member & Benefit Funds

National Automatic Sprinkler Industry Welfare Fund

EIN 53-0215881 · MD · NTEE n/a · Form 990, fiscal 2023

A multiemployer employee-benefit (Taft-Hartley) trust based in Landover, Maryland. It provides health and welfare benefits to active and retired union sprinkler fitters and their families, covering roughly 20,000 participants. Benefits include medical, prescription drug, dental, and vision coverage, with specialized Medicare-coordinated plans for eligible retirees. The fund is financed through employer contributions made under collective bargaining agreements and administered on behalf of the sprinkler fitter workforce.

Financials, fiscal 2023

Revenue

$385.6M

Expenses

$344.0M

Total assets

$729.9M

Net assets

$708.0M

Operating margin

10.8%

1-year growth

25.1%

5-year growth (CAGR)

7.7%

Reserve (years of spending)

24.7

Contributions share

n/a

Programme spending

96.3%

Fundraising cost

n/a

Executive pay share

0.16%

Employees

765

Revenue per employee

$504K

Grants paid

n/a

Years filing

68

NFP Health Score: 75 / 100

Financial 54 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Revenue history