Apprenticeship Training Fund Local 138
Apprenticeship Training Fund Local 138 shows consistent revenue growth and zero reported officer compensation over the past decade.
EIN: 112000172 · Farmingdale, NY · Updated: 2026-03-28
Is Apprenticeship Training Fund Local 138 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Apprenticeship Training Fund Local 138 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Apprenticeship Training Fund Local 138
Apprenticeship Training Fund Local 138 (EIN: 112000172) is a nonprofit organization based in Farmingdale, NY. The organization reported total revenue of $2.2M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Apprenticeship Training Fund Local 138's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Apprenticeship Training Fund Local 138 is a mid-size nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$550K |
| Total Assets | $3.1M |
| Total Liabilities | $103K |
| Net Assets | $3.0M |
| Operating Margin | 25.5% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 23.0 months |
Financial Health Grade: A
In 2023, Apprenticeship Training Fund Local 138 reported a surplus of $550K with revenue exceeding expenses, holds 23.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Apprenticeship Training Fund Local 138's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | +8.7% | +20.5% |
| 2022 | +25.0% | +2.6% | +24.4% |
| 2021 | +4.5% | +12.5% | +9.9% |
| 2020 | +10.8% | +8.5% | +52.4% |
| 2019 | +43.0% | -1.6% | +28.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Apprenticeship Training Fund Local 138 with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Apprenticeship Training Fund Local 138 allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $550K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation were paid to officers, which is highly unusual for an organization of its size with over $2 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Apprenticeship Training Fund Local 138's IRS 990 filings:
- Unusual 0% officer compensation for an organization of this size, which might indicate compensation is reported elsewhere or through an affiliated entity, or that leadership is entirely volunteer-based.
Strengths
The following positive indicators were identified for Apprenticeship Training Fund Local 138:
- Consistent revenue growth, increasing from $1,494,602 in 2019 to $2,161,052 in 2023.
- Healthy asset accumulation, growing from $1,227,942 in 2019 to $3,080,569 in 2023, indicating strong financial management.
- Positive net income in recent years, with revenue consistently exceeding expenses since 2019.
- Zero reported officer compensation across all filings, suggesting a high dedication of resources to the mission.
- Strong financial stability with assets significantly exceeding liabilities (e.g., $3,080,569 assets vs. $102,686 liabilities in 2023).
Frequently Asked Questions about Apprenticeship Training Fund Local 138
Is Apprenticeship Training Fund Local 138 a legitimate charity?
Based on AI analysis of IRS 990 filings, Apprenticeship Training Fund Local 138 (EIN: 112000172) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Apprenticeship Training Fund Local 138 spend its money?
Apprenticeship Training Fund Local 138 directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Apprenticeship Training Fund Local 138 tax-deductible?
Apprenticeship Training Fund Local 138 is registered as a tax-exempt nonprofit (EIN: 112000172). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Apprenticeship Training Fund Local 138 manage to operate without officer compensation?
The filings consistently show 0% officer compensation, which suggests that leadership roles might be filled by volunteers, or compensation is covered by an affiliated entity not reported on this specific 990, or it's reported under other expense categories not explicitly labeled as officer compensation.
What are the primary program activities funded by Apprenticeship Training Fund Local 138?
Based on the organization's name, it is highly likely that the primary program activities involve funding and supporting apprenticeship training programs for Local 138 members, though specific program details are not available in the provided financial summary.
Has the organization experienced any financial difficulties?
The organization experienced periods where expenses exceeded revenue, such as in 2018 ($1,202,829 expenses vs. $1,045,385 revenue) and 2016 ($1,126,705 expenses vs. $1,022,839 revenue). However, in recent years (2019-2023), revenue has consistently outpaced expenses, indicating improved financial health and sustainability.
Filing History
IRS 990 filing history for Apprenticeship Training Fund Local 138 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Apprenticeship Training Fund Local 138's revenue has grown by 175.3%, moving from $785K to $2.2M. Total assets increased by 113.6% over the same period, from $1.4M to $3.1M. Total functional expenses rose by 82.1%, from $884K to $1.6M. In its most recent filing year (2023), Apprenticeship Training Fund Local 138 reported a surplus of $550K, with revenue exceeding expenses. The organization holds $103K in liabilities against $3.1M in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.6M | $3.1M | $103K | — | View 990 |
| 2022 | $2.2M | $1.5M | $2.6M | $130K | — | View 990 |
| 2021 | $1.7M | $1.4M | $2.1M | $311K | — | — |
| 2020 | $1.7M | $1.3M | $1.9M | $412K | — | View 990 |
| 2019 | $1.5M | $1.2M | $1.2M | $140K | — | View 990 |
| 2018 | $1.0M | $1.2M | $954K | $180K | — | View 990 |
| 2017 | $1.1M | $1.1M | $1.1M | $191K | — | View 990 |
| 2016 | $1.0M | $1.1M | $1.1M | $214K | — | View 990 |
| 2015 | $995K | $989K | $1.2M | $234K | — | View 990 |
| 2014 | $921K | $893K | $1.1M | $109K | — | View 990 |
| 2013 | $748K | $887K | $1.1M | $128K | — | View 990 |
| 2012 | $755K | $905K | $1.2M | $182K | — | View 990 |
| 2011 | $785K | $884K | $1.4M | $232K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.6M, and assets of $3.1M (revenue -0.1% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.5M, and assets of $2.6M (revenue +25.0% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.4M, and assets of $2.1M (revenue +4.5% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.3M, and assets of $1.9M (revenue +10.8% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.2M, and assets of $1.2M (revenue +43.0% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.2M, and assets of $954K (revenue -4.8% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $1.1M (revenue +7.4% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.1M, and assets of $1.1M (revenue +2.8% year-over-year).
- 2015: Revenue of $995K, expenses of $989K, and assets of $1.2M (revenue +8.0% year-over-year).
- 2014: Revenue of $921K, expenses of $893K, and assets of $1.1M (revenue +23.2% year-over-year).
- 2013: Revenue of $748K, expenses of $887K, and assets of $1.1M (revenue -1.0% year-over-year).
- 2012: Revenue of $755K, expenses of $905K, and assets of $1.2M (revenue -3.8% year-over-year).
- 2011: Revenue of $785K, expenses of $884K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Apprenticeship Training Fund Local 138 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.