Is Local 1102 Health And Benefit Fund Legit?

Quick charity verification for Local 1102 Health And Benefit Fund (EIN: 131768188)

Verdict: Local 1102 Health And Benefit Fund appears trustworthy

85/100Mission Score

$109.4MRevenue

$173.7MAssets

2Red Flags

4Strengths

Red Flags

Consistent 0% officer compensation reported, which may obscure actual administrative costs or indicate a complex organizational structure.
Lack of detailed expense breakdown in the provided data makes it difficult to fully assess program vs. administrative spending without deeper dive into full 990 forms.

Strengths

Strong financial solvency with assets significantly exceeding liabilities (e.g., $154,670,220 assets vs. $6,585,464 liabilities in 202312).
Consistent positive net income, indicating sound financial management and growth in assets over time.
Long history of IRS 990 filings, demonstrating consistent transparency and compliance.
High asset base ($173,725,980 latest reported assets) provides a strong foundation for future benefit payments.

Spending Breakdown

How Local 1102 Health And Benefit 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 Local 1102 Health And Benefit Fund

Is Local 1102 Health And Benefit Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Local 1102 Health And Benefit Fund (EIN: 131768188) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Local 1102 Health And Benefit Fund a good charity to donate to?

Local 1102 Health And Benefit Fund has a Mission Score of 85/100. Revenue: $109.4M. Assets: $173.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Local 1102 Health And Benefit Fund?

The Employer Identification Number (EIN) for Local 1102 Health And Benefit Fund is 131768188. 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 Local 1102 Health And Benefit Fund spend its money?

Local 1102 Health And Benefit Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Local 1102 Health And Benefit Fund's tax-exempt status?

You can verify Local 1102 Health And Benefit Fund's tax-exempt status using EIN 131768188 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

Local 1102 Health And Benefit Fund demonstrates consistent financial health, primarily operating as a health and benefit fund rather than a traditional public charity. Its revenue has fluctuated over the past decade, with a notable dip in the latest reported period (202312) to $31,342,972 from a high of $34,314,876 in 201912. Despite this, the organization consistently maintains a healthy asset base, reaching $154,670,220 in 202312, significantly exceeding its liabilities of $6,585,464. This indicates strong financial solvency and the ability to meet its obligations to beneficiaries.

The organization's spending efficiency is generally strong, with expenses consistently lower than revenue, allowing for growth in assets. For instance, in 202312, expenses were $26,438,177 against revenues of $31,342,972, resulting in a surplus. Given its nature as a benefit fund, a significant portion of its expenses would typically be direct benefit payments, which aligns with program spending. The consistent reporting of 0% officer compensation across all filings suggests a highly efficient administrative structure or that compensation is reported under other expense categories, which would require further detail for full transparency assessment.

Transparency appears to be adequate through its regular IRS 990 filings. The consistent reporting of key financial metrics over a long period provides a clear picture of its financial operations. The absence of reported officer compensation directly on the 990s could be a point of inquiry for deeper understanding of administrative costs, but for a benefit fund, this might indicate that administrative functions are handled by a third party or are minimal and integrated into other operational costs. Overall, the fund appears to be well-managed financially, focusing on its core purpose of providing health and benefits.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.