Annual Benefit Fund Local 702
EIN: 371039499 · West Frankfort, IL
| Metric | Value |
|---|---|
| Total Expenses | $3.9M |
| Net Assets | $1.7M |
Is Annual Benefit Fund Local 702 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Annual Benefit Fund Local 702
Annual Benefit Fund Local 702 (EIN: 371039499) is a nonprofit organization based in West Frankfort, IL. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Annual Benefit Fund Local 702's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Annual Benefit Fund Local 702 is a mid-size nonprofit, with 3 years of IRS 990 filings on record (2010–2015). Revenue has grown at a compound annual rate of -10.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$314K |
| Total Assets | $1.7M |
| Total Liabilities | $133 |
| Net Assets | $1.7M |
| Operating Margin | 7.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2015, Annual Benefit Fund Local 702 reported a surplus of $314K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 3 years of filings (2010–2015), Annual Benefit Fund Local 702's revenue has declined at a compound annual growth rate (CAGR) of -10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +29.3% | +15.3% | +22.1% |
| 2014 | -54.6% | -45.9% | -36.0% |
AI Analysis Pending
AI enrichment for Annual Benefit Fund Local 702 has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Annual Benefit Fund Local 702 with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $314K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Annual Benefit Fund Local 702
Is Annual Benefit Fund Local 702 a legitimate charity?
Annual Benefit Fund Local 702 (EIN: 371039499) is a registered tax-exempt nonprofit based in Illinois. It has 3 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Annual Benefit Fund Local 702 spend its money?
Annual Benefit Fund Local 702 reported its financials in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Annual Benefit Fund Local 702 tax-deductible?
Annual Benefit Fund Local 702 is registered as a tax-exempt nonprofit (EIN: 371039499). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Annual Benefit Fund Local 702 located?
Annual Benefit Fund Local 702 is headquartered in West Frankfort, Illinois and files with the IRS under EIN 371039499.
How many years of IRS 990 filings does Annual Benefit Fund Local 702 have?
Annual Benefit Fund Local 702 has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Annual Benefit Fund Local 702 showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2010–2015), Annual Benefit Fund Local 702's revenue has declined by 41.3%, moving from $7.1M to $4.2M. Total assets decreased by 21.8% over the same period, from $2.2M to $1.7M. Total functional expenses fell by 37.6%, from $6.2M to $3.9M. In its most recent filing year (2015), Annual Benefit Fund Local 702 reported a surplus of $314K, with revenue exceeding expenses. The organization holds $133 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $4.2M | $3.9M | $1.7M | $133 | — | View 990 |
| 2014 | $3.2M | $3.4M | $1.4M | $900 | — | View 990 |
| 2010 | $7.1M | $6.2M | $2.2M | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $4.2M, expenses of $3.9M, and assets of $1.7M (revenue +29.3% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.4M, and assets of $1.4M (revenue -54.6% year-over-year).
- 2010: Revenue of $7.1M, expenses of $6.2M, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Annual Benefit Fund Local 702:
Data Sources and Methodology
This transparency report for Annual Benefit Fund Local 702 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.