Is Cement Masons Local No 111 Health & Welfare Fund Legit?
Quick charity verification for Cement Masons Local No 111 Health & Welfare Fund (EIN: 166095037)
Verdict: Cement Masons Local No 111 Health & Welfare Fund appears trustworthy
90/100Mission Score
$2.9MRevenue
$8.7MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed NTEE code for clear categorization
Unclear how executive functions are compensated given 0% officer compensation reported
Strengths
Consistent growth in assets, from $3.8M in 2014 to $7.4M in 2023
Strong program spending ratio, indicating efficient use of funds for its mission
Consistent positive net income over the past decade
Low liabilities relative to assets, indicating financial stability
No reported officer compensation, suggesting lean administrative overhead at the executive level
Spending Breakdown
How Cement Masons Local No 111 Health & Welfare Fund allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Cement Masons Local No 111 Health & Welfare Fund
Is Cement Masons Local No 111 Health & Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Cement Masons Local No 111 Health & Welfare Fund (EIN: 166095037) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Cement Masons Local No 111 Health & Welfare Fund a good charity to donate to?
Cement Masons Local No 111 Health & Welfare Fund has a Mission Score of 90/100. Revenue: $2.9M. Assets: $8.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cement Masons Local No 111 Health & Welfare Fund?
The Employer Identification Number (EIN) for Cement Masons Local No 111 Health & Welfare Fund is 166095037. 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 Masons Local No 111 Health & Welfare Fund spend its money?
Cement Masons Local No 111 Health & Welfare Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cement Masons Local No 111 Health & Welfare Fund's tax-exempt status?
You can verify Cement Masons Local No 111 Health & Welfare Fund's tax-exempt status using EIN 166095037 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
Cement Masons Local No 111 Health & Welfare Fund demonstrates consistent financial stability and strong program focus. Over the past decade, the organization has consistently generated more revenue than expenses, leading to a steady growth in assets from $3,836,087 in 2014 to $7,488,452 in 2023. This indicates effective management of its financial resources. The organization's primary function appears to be providing health and welfare benefits, which aligns with its consistent expense patterns relative to revenue.
The organization's spending efficiency is excellent, with a very high percentage of expenses dedicated to program services. This is typical for health and welfare funds where the core activity is benefit distribution. The absence of reported officer compensation across all filings suggests either a volunteer board or compensation is embedded within administrative costs in a way not separately itemized as officer compensation, which is a point for further inquiry regarding transparency. However, the overall financial health, marked by growing assets and consistent positive net income, is robust.
Transparency is generally good given the consistent filing of IRS Form 990s. The consistent reporting of zero officer compensation is notable and suggests a lean operational structure at the executive level, or that executive functions are handled by a related entity or through other means not directly reported as officer compensation on the 990. The low liabilities relative to assets also indicate a healthy balance sheet.