Is Teamsters Welfare Fund Of Northern N J Local 723 Legit?
Quick charity verification for Teamsters Welfare Fund Of Northern N J Local 723 (EIN: 221736275)
Verdict: Teamsters Welfare Fund Of Northern N J Local 723 shows mixed signals
65/100Mission Score
$49.9MRevenue
$44.6MAssets
3Red Flags
3Strengths
Red Flags
The reported $0 executive compensation is a significant red flag, as it's improbable that an organization with $49,934,549 in revenue operates without compensated leadership.
Administrative expenses are consistently high, representing a substantial portion of total expenses (e.g., $4,688,868 in 2023 out of $8,988,801 total expenses, or 52%).
Revenue has been highly volatile, with a significant jump from $4,462,596 in 2022 to $49,934,549 in 2023, which requires clarification on the nature of this increase.
Strengths
The organization maintains a very strong asset base, growing from $19,449,157 in 2016 to $44,640,795 in 2023, indicating financial stability.
Despite revenue fluctuations, the organization has consistently maintained a positive net asset position.
The fund appears to be effectively managing its liabilities, which have remained relatively stable and low compared to assets (e.g., $842,741 in 2023).
AI Transparency Report
Teamsters Welfare Fund Of Northern N J Local 723 is a unknown nonprofit based in Union, New Jersey, with reported revenue of $49.9M and assets of $44.6M. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 49% of spending goes to programs, 38% to administration, and 13% to fundraising. Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization of this size and suggests compensation may be structured in a way that is not directly reported as 'compensation' on standard forms, requiring deeper scrutiny. Revenue has grown +100% across 13 filing periods.