Is Boilermakers Local 83 Supplemental Health And Welfare Fund Legit?
Quick charity verification for Boilermakers Local 83 Supplemental Health And Welfare Fund (EIN: 205130170)
Verdict: Boilermakers Local 83 Supplemental Health And Welfare Fund appears trustworthy
85/100Mission Score
$3.4MRevenue
$13.7MAssets
2Red Flags
4Strengths
Red Flags
Consistent operating deficits in recent years (e.g., $260,531 in 2023, $420,318 in 2022), indicating expenses exceeding revenue.
Declining revenue trend from 2021 to 2023, potentially impacting future sustainability if not reversed.
Strengths
Strong asset base, consistently over $12 million, providing financial stability and reserves.
Zero officer compensation reported across all filings, indicating high efficiency and transparency in executive pay.
Low liabilities relative to assets, suggesting good financial management.
Clear mission as an Employee Benevolent Association (NTEE Y43), implying a direct focus on member benefits.
Spending Breakdown
How Boilermakers Local 83 Supplemental Health And Welfare Fund allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Boilermakers Local 83 Supplemental Health And Welfare Fund
Is Boilermakers Local 83 Supplemental Health And Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Boilermakers Local 83 Supplemental Health And Welfare Fund (EIN: 205130170) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Boilermakers Local 83 Supplemental Health And Welfare Fund a good charity to donate to?
Boilermakers Local 83 Supplemental Health And Welfare Fund has a Mission Score of 85/100. Revenue: $3.4M. Assets: $13.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Boilermakers Local 83 Supplemental Health And Welfare Fund?
The Employer Identification Number (EIN) for Boilermakers Local 83 Supplemental Health And Welfare Fund is 205130170. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Boilermakers Local 83 Supplemental Health And Welfare Fund spend its money?
Boilermakers Local 83 Supplemental Health And Welfare Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Boilermakers Local 83 Supplemental Health And Welfare Fund's tax-exempt status?
You can verify Boilermakers Local 83 Supplemental Health And Welfare Fund's tax-exempt status using EIN 205130170 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Boilermakers Local 83 Supplemental Health And Welfare Fund appears to be a financially stable organization, consistently maintaining substantial assets relative to its annual revenue and expenses. Over the past several years, the organization has reported assets ranging from approximately $12.7 million to $15.2 million, significantly exceeding its annual revenues, which have typically been in the $600,000 to $1.7 million range. This indicates a strong reserve base to support its health and welfare benefits.
The organization's spending patterns show that expenses have often exceeded revenue in recent years, such as in 2023 ($952,168 expenses vs. $691,637 revenue) and 2022 ($1,058,635 expenses vs. $638,317 revenue). While this suggests drawing from reserves, it is not uncommon for health and welfare funds to experience fluctuations in claims and investment income. The consistent reporting of zero officer compensation across all available filings indicates a high degree of financial transparency regarding executive pay, suggesting that administrative costs are likely kept low in this area. Given its NTEE code (Y43 - Employee Benevolent Associations), its primary function is to provide benefits, which would constitute its program service expenses.
Overall, the fund demonstrates a solid financial foundation with substantial assets. The consistent zero officer compensation is a positive indicator of transparency and efficient use of funds in that specific area. While recent years show expenses exceeding revenue, the large asset base provides a buffer, and further detail on the breakdown of expenses (program vs. administrative) would offer a more complete picture of spending efficiency.