Is Insulators Local 41 Retireeinsurance…

Quick charity verification for Insulators Local 41 Retireeinsurance Fund (EIN: 204957423)

Spending Breakdown

How Insulators Local 41 Retireeinsurance 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

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 Insulators Local 41 Retireeinsurance Fund

Is Insulators Local 41 Retireeinsurance Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Insulators Local 41 Retireeinsurance Fund (EIN: 204957423) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Insulators Local 41 Retireeinsurance Fund a good charity to donate to?

Insulators Local 41 Retireeinsurance Fund has a Mission Score of 85/100. Revenue: $502K. Assets: $940K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Insulators Local 41 Retireeinsurance Fund?

The Employer Identification Number (EIN) for Insulators Local 41 Retireeinsurance Fund is 204957423. 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 Insulators Local 41 Retireeinsurance Fund spend its money?

Insulators Local 41 Retireeinsurance Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Insulators Local 41 Retireeinsurance Fund's tax-exempt status?

You can verify Insulators Local 41 Retireeinsurance Fund's tax-exempt status using EIN 204957423 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 Insulators Local 41 Retireeinsurance Fund appears to be in a stable financial position, consistently maintaining positive assets over liabilities across its filing history. For instance, in 2023, assets were $950,792 against liabilities of $1,503, indicating strong solvency. The organization's revenue and expenses have fluctuated, but generally, expenses are well-managed relative to income, as seen in 2023 where expenses ($286,488) were slightly above revenue ($282,623), a minor deficit that doesn't significantly impact its overall health given its asset base. The fund's primary purpose, as implied by its name and NTEE code (Y44 - Employee or Member Welfare Benefit Funds), is likely to provide benefits, which would constitute its program spending.

Spending efficiency is difficult to fully assess without a detailed breakdown of expenses into program, administrative, and fundraising categories, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation suggests a lean operational structure at the executive level. The fund's assets have shown significant growth over the years, from $250,948 in 2014 to $950,792 in 2023, demonstrating effective asset management and accumulation. The organization's consistent filing of IRS Form 990s indicates a commitment to transparency in its financial reporting.

Overall, the fund demonstrates financial stability and responsible management of its assets. The absence of officer compensation is a notable positive indicator of efficiency. While a detailed expense breakdown would offer more granular insights into spending efficiency, the available data suggests a well-managed entity focused on its core purpose.

Is Insulators Local 41 Retireeinsurance Fund Legit?

Verdict: Insulators Local 41 Retireeinsurance Fund appears trustworthy

Red Flags

Strengths