Quick charity verification for Derrickmens Welfare Fund Local 197 (EIN: 136121369)
Verdict: Derrickmens Welfare Fund Local 197 shows mixed signals
65/100Mission Score
$4.8MRevenue
$3.7MAssets
3Red Flags
3Strengths
Red Flags
Frequent operational deficits (expenses exceeding revenue), as seen in 2023 and 2022.
Consistent 0% officer compensation, which is atypical for an organization of this financial scale.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
Consistent IRS 990 filing history, indicating regulatory compliance and transparency.
Maintains substantial assets ($4,727,261 in 2023) despite operational deficits.
No reported officer compensation, potentially indicating a high degree of volunteerism at the leadership level.
Spending Breakdown
How Derrickmens Welfare Fund Local 197 allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Derrickmens Welfare Fund Local 197
Is Derrickmens Welfare Fund Local 197 a legitimate charity?
Based on AI analysis of IRS 990 filings, Derrickmens Welfare Fund Local 197 (EIN: 136121369) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Derrickmens Welfare Fund Local 197 a good charity to donate to?
Derrickmens Welfare Fund Local 197 has a Mission Score of 65/100. Revenue: $4.8M. Assets: $3.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Derrickmens Welfare Fund Local 197?
The Employer Identification Number (EIN) for Derrickmens Welfare Fund Local 197 is 136121369. 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 Derrickmens Welfare Fund Local 197 spend its money?
Derrickmens Welfare Fund Local 197 allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Derrickmens Welfare Fund Local 197's tax-exempt status?
You can verify Derrickmens Welfare Fund Local 197's tax-exempt status using EIN 136121369 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
Derrickmens Welfare Fund Local 197 demonstrates a consistent operational pattern, with revenues and expenses fluctuating but generally in the multi-million dollar range. Over the past five years, the organization has frequently operated with expenses exceeding revenue, as seen in 2023 ($5,720,772 expenses vs. $5,034,767 revenue) and 2022 ($4,078,216 expenses vs. $3,594,277 revenue). This trend of deficit spending could indicate reliance on prior year surpluses or asset drawdowns, though assets have remained robust, currently at $4,727,261. The organization's consistent filing of IRS Form 990s indicates a commitment to regulatory transparency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The absence of reported officer compensation is a notable financial characteristic.