Is Cement & Concrete Workers District Council Welfare Fund Legit?
Quick charity verification for Cement & Concrete Workers District Council Welfare Fund (EIN: 135542693)
Verdict: Cement & Concrete Workers District Council Welfare Fund shows mixed signals
65/100Mission Score
$54.1MRevenue
$70.0MAssets
2Red Flags
2Strengths
Red Flags
Consistent revenue shortfalls against expenses (e.g., 2023: $25.9M revenue vs. $37.5M expenses)
Significant decline in total assets over recent years (from $125.3M in 2017 to $80.6M in 2023)
Strengths
Zero officer compensation reported across all filings, indicating strong governance regarding executive pay.
Relatively low liabilities compared to assets, suggesting good short-term solvency.
Spending Breakdown
How Cement & Concrete Workers District Council Welfare Fund allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Cement & Concrete Workers District Council Welfare Fund
Is Cement & Concrete Workers District Council Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Cement & Concrete Workers District Council Welfare Fund (EIN: 135542693) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
Is Cement & Concrete Workers District Council Welfare Fund a good charity to donate to?
Cement & Concrete Workers District Council Welfare Fund has a Mission Score of 65/100. Revenue: $54.1M. Assets: $70.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cement & Concrete Workers District Council Welfare Fund?
The Employer Identification Number (EIN) for Cement & Concrete Workers District Council Welfare Fund is 135542693. 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 Cement & Concrete Workers District Council Welfare Fund spend its money?
Cement & Concrete Workers District Council Welfare Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cement & Concrete Workers District Council Welfare Fund's tax-exempt status?
You can verify Cement & Concrete Workers District Council Welfare Fund's tax-exempt status using EIN 135542693 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
The Cement & Concrete Workers District Council Welfare Fund primarily operates as a welfare fund, which typically involves managing benefits for union members rather than traditional charitable programs. This is reflected in its NTEE code J40Z (Employee or Member Welfare Benefit Plans). The organization has consistently reported zero officer compensation across all available filings, which is a positive indicator of financial stewardship regarding executive pay. However, the fund has experienced a trend of expenses exceeding revenue in recent years, notably in 2023 ($37.5M expenses vs. $25.9M revenue) and 2022 ($34.5M expenses vs. $23.2M revenue). This consistent deficit spending, while potentially managed by drawing from assets, warrants closer examination to ensure long-term sustainability of the fund's ability to meet its obligations.
Asset levels have shown a significant decline from a peak of $125.3M in 2017 to $80.6M in 2023, indicating that the fund has been liquidating assets or experiencing investment losses to cover operational shortfalls. Liabilities have remained relatively stable and low compared to assets, suggesting good short-term financial health. Given its nature as a welfare fund, the 'program spending' would largely encompass benefit payouts and related administrative costs. Without a detailed functional expense breakdown, it's challenging to assess traditional spending efficiency ratios, but the consistent revenue shortfall against expenses is a key financial trend to monitor.