Is Southern Tier Building Trades Welfare Plan Legit?
Quick charity verification for Southern Tier Building Trades Welfare Plan (EIN: 160810677)
Verdict: Southern Tier Building Trades Welfare Plan appears trustworthy
85/100Mission Score
$8.7MRevenue
$20.5MAssets
1Red Flags
4Strengths
Red Flags
Occasional annual deficits where expenses exceed revenue, such as in 202304 ($4,246,698 expenses vs. $3,749,649 revenue), though this can be normal for welfare plans drawing from reserves.
Strengths
Strong and growing asset base, reaching $19,195,457 in 202304.
Consistently low liabilities relative to assets, indicating financial stability.
Reported 0% officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
Consistent financial reporting over 13 periods, indicating transparency and accountability.
Spending Breakdown
How Southern Tier Building Trades Welfare Plan 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 Southern Tier Building Trades Welfare Plan
Is Southern Tier Building Trades Welfare Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Tier Building Trades Welfare Plan (EIN: 160810677) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Southern Tier Building Trades Welfare Plan a good charity to donate to?
Southern Tier Building Trades Welfare Plan has a Mission Score of 85/100. Revenue: $8.7M. Assets: $20.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Southern Tier Building Trades Welfare Plan?
The Employer Identification Number (EIN) for Southern Tier Building Trades Welfare Plan is 160810677. 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 Southern Tier Building Trades Welfare Plan spend its money?
Southern Tier Building Trades Welfare Plan allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Southern Tier Building Trades Welfare Plan's tax-exempt status?
You can verify Southern Tier Building Trades Welfare Plan's tax-exempt status using EIN 160810677 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 Southern Tier Building Trades Welfare Plan appears to be a financially stable organization, primarily focused on providing welfare benefits. Over the past several years, the organization has consistently maintained a healthy asset base, reaching $19,195,457 in the 202304 period. While expenses have occasionally exceeded revenue, such as in 202304 where expenses were $4,246,698 against revenues of $3,749,649, this is not uncommon for welfare plans that draw from reserves to cover benefits. The organization's liabilities are consistently low relative to its assets, indicating good financial management and solvency. The consistent reporting of 0% officer compensation suggests that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which can be a positive indicator of resource allocation directly to its mission.