Is Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B Legit?
Quick charity verification for Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B (EIN: 221594458)
Verdict: Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B appears trustworthy
70/100Mission Score
$7.6MRevenue
$9.8MAssets
3Red Flags
4Strengths
Red Flags
Consistent reporting of $0 for officer, director, trustee, and key employee compensation across all years raises questions about how leadership is compensated or if this is a volunteer-run organization.
Total assets have shown a declining trend from $11,595,361 in 2021 to $9,407,025 in 2023, warranting a closer look at the reasons for this decrease.
The nature of 'Welfare Fund Plan A & B' is not explicitly detailed in the provided data, making it difficult to fully assess its programmatic impact.
Strengths
The organization consistently maintains a high percentage of spending on programs, indicating a strong focus on its mission.
Revenue has remained relatively stable over the past several years, demonstrating consistent funding streams.
Low administrative and fundraising expenses suggest efficient operations and effective resource allocation.
Liabilities have been consistently low, indicating sound financial health and minimal debt burden.
AI Transparency Report
Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B is a unknown nonprofit based in N Brunswick, New Jersey, with reported revenue of $7.6M and assets of $9.8M. Our AI analysis assigns a Mission Score of 70/100 (Good). Approximately 95% of spending goes to programs, 3% to administration, and 2% to fundraising. Executive compensation is reported as $0 across all available filings, which suggests that key personnel may be compensated through other entities or that the fund is managed by volunteers, requiring further investigation. Revenue has declined -12% across 13 filing periods.