Is U A Plumbers And Steamfitters Local 22 Health Fund Legit?
Quick charity verification for U A Plumbers And Steamfitters Local 22 Health Fund (EIN: 161561710)
Verdict: U A Plumbers And Steamfitters Local 22 Health Fund appears trustworthy
95/100Mission Score
$22.2MRevenue
$29.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth: Assets increased from $13.3M in 2015 to $25.5M in 2024, demonstrating strong financial management.
High program spending: As a health fund, nearly all expenses are directed towards member benefits, indicating high efficiency.
No reported officer compensation: This suggests extremely low administrative overhead related to leadership salaries for this specific entity.
Consistent revenue generation: The fund consistently generates substantial revenue, with the latest filing showing $19.7M.
Healthy surplus: The organization consistently reports more revenue than expenses, contributing to its financial stability and asset growth.
Spending Breakdown
How U A Plumbers And Steamfitters Local 22 Health Fund allocates its funds across programs, administration, and fundraising.
99%
Program Spending
Healthy — majority goes to mission
1%
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 U A Plumbers And Steamfitters Local 22 Health Fund
Is U A Plumbers And Steamfitters Local 22 Health Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, U A Plumbers And Steamfitters Local 22 Health Fund (EIN: 161561710) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is U A Plumbers And Steamfitters Local 22 Health Fund a good charity to donate to?
U A Plumbers And Steamfitters Local 22 Health Fund has a Mission Score of 95/100. Revenue: $22.2M. Assets: $29.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for U A Plumbers And Steamfitters Local 22 Health Fund?
The Employer Identification Number (EIN) for U A Plumbers And Steamfitters Local 22 Health Fund is 161561710. 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 U A Plumbers And Steamfitters Local 22 Health Fund spend its money?
U A Plumbers And Steamfitters Local 22 Health Fund allocates 99% to programs, 1% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify U A Plumbers And Steamfitters Local 22 Health Fund's tax-exempt status?
You can verify U A Plumbers And Steamfitters Local 22 Health Fund's tax-exempt status using EIN 161561710 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
U A Plumbers And Steamfitters Local 22 Health Fund demonstrates consistent financial growth and strong program spending, typical for an employee benefit fund. In the latest filing (Period 202404), the organization reported revenue of $19,740,589 against expenses of $16,005,502, indicating a healthy surplus. Its assets have steadily increased, reaching $25,573,786 in 2024, up from $13,337,180 in 2015, showing robust financial management and accumulation of reserves. The organization's primary function, as a health fund, inherently focuses on direct benefits to members, which aligns with high program spending.
The fund's spending efficiency is excellent, with virtually all expenses directed towards its core mission of providing health benefits. The absence of reported officer compensation across all filings suggests that administrative costs are minimal and likely absorbed within broader operational expenses, or that officers are compensated through other means not reported on the 990 as direct compensation from this specific fund. This structure contributes to a very high program spending ratio, which is a positive indicator for beneficiaries.
Transparency is generally good through its consistent IRS 990 filings. The detailed financial figures provided over more than a decade allow for clear trend analysis. The lack of reported officer compensation, while efficient, could raise questions about how leadership is compensated if not directly by the fund, though for a health fund, this often means compensation is handled by the union or related entities. Overall, the fund appears financially sound and highly efficient in its primary purpose.