Is Sheet Metal Workers 38 Insurance And Welfare Fund Legit?
Quick charity verification for Sheet Metal Workers 38 Insurance And Welfare Fund (EIN: 131739693)
Verdict: Sheet Metal Workers 38 Insurance And Welfare Fund appears trustworthy
85/100Mission Score
$15.1MRevenue
$17.1MAssets
1Red Flags
4Strengths
Red Flags
NTEE Code is unknown, which can make it harder to categorize and compare with similar organizations.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds or volunteer leadership.
Stable revenue and expense patterns over a decade, demonstrating financial predictability.
Healthy asset base, consistently above $14 million, providing financial security for its beneficiaries.
Consistent filing of IRS Form 990s, indicating good compliance and transparency.
AI Transparency Report
The Sheet Metal Workers 38 Insurance And Welfare Fund demonstrates consistent financial activity, with revenues and expenses generally in the range of $11-15 million over the past decade. As a welfare fund, its primary purpose is to provide benefits, which would be categorized as program service expenses. The organization consistently reports zero officer compensation, which is a notable aspect of its financial structure, suggesting that executive functions are either volunteer-based or compensated through other means not reported as officer compensation on the 990. The fund maintains a healthy asset base, consistently above $14 million, providing a stable foundation for its operations and benefit obligations. While specific program spending ratios would require a deeper dive into the functional expense breakdown on the 990, the overall financial picture suggests a stable entity focused on its core mission of providing welfare benefits.