Is International Association Of Machinists District 15 Health Fund Legit?
Quick charity verification for International Association Of Machinists District 15 Health Fund (EIN: 135598021)
Verdict: International Association Of Machinists District 15 Health Fund appears trustworthy
90/100Mission Score
$35.1MRevenue
$78.8MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed spending breakdown (program vs. admin) in provided data, though implied by fund type
NTEE code is unknown, which limits detailed comparative analysis
Strengths
Consistent asset growth, from $38.35M in 2014 to $75.88M in 2023
Zero reported officer compensation across all filings, indicating high efficiency in executive pay
Revenue consistently exceeding expenses, leading to healthy reserves
Low liabilities relative to assets, demonstrating strong financial health
Implied high program spending due to the nature of a health fund
Spending Breakdown
How International Association Of Machinists District 15 Health 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 International Association Of Machinists District 15 Health Fund
Is International Association Of Machinists District 15 Health Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, International Association Of Machinists District 15 Health Fund (EIN: 135598021) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is International Association Of Machinists District 15 Health Fund a good charity to donate to?
International Association Of Machinists District 15 Health Fund has a Mission Score of 90/100. Revenue: $35.1M. Assets: $78.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for International Association Of Machinists District 15 Health Fund?
The Employer Identification Number (EIN) for International Association Of Machinists District 15 Health Fund is 135598021. 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 International Association Of Machinists District 15 Health Fund spend its money?
International Association Of Machinists District 15 Health Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify International Association Of Machinists District 15 Health Fund's tax-exempt status?
You can verify International Association Of Machinists District 15 Health Fund's tax-exempt status using EIN 135598021 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 International Association Of Machinists District 15 Health Fund demonstrates consistent financial growth and a strong focus on its primary purpose, which is providing health benefits. Over the past decade, the organization's assets have grown significantly from $38.35 million in 2014 to $75.88 million in 2023, indicating sound financial management and accumulation of reserves. Revenue has also shown a steady upward trend, reaching $29.55 million in 2023, while expenses have generally remained below revenue, allowing for asset growth.
The organization's spending efficiency appears high, as it operates as a health fund, meaning the vast majority of its expenses are directly related to providing benefits to its members. The consistent reporting of 0% officer compensation across all available filings suggests a lean administrative structure regarding executive pay, which is a positive indicator for efficiency and member-focused spending. The low liabilities relative to assets further underscore financial stability.
While specific breakdowns of administrative versus program spending are not explicitly detailed in the provided summary, the nature of a health fund implies that nearly all expenditures are programmatic (i.e., benefit payments). The absence of officer compensation is a strong positive for transparency and efficient use of funds. Overall, the fund appears to be financially healthy, well-managed, and effectively serving its purpose.