Bctgm Local 53 Health Benefits Fund

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Bctgm Local 53 Health Benefits Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals

Bctgm Local 53 Health Benefits Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bctgm Local 53 Health Benefits Fund in one place.

Is Bctgm Local 53 Health Benefits Fund Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Bctgm Local 53 Health Benefits Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Bctgm Local 53 Health Benefits Fund with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Bctgm Local 53 Health Benefits Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Bctgm Local 53 Health Benefits Fund

Bctgm Local 53 Health Benefits Fund (EIN: 111782177) is a nonprofit organization based in Rutherford, NJ. The organization reported total revenue of $37.9M and total assets of $25.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bctgm Local 53 Health Benefits Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Bctgm Local 53 Health Benefits Fund is a large nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Bctgm Local 53 Health Benefits Fund reported a surplus of $6.1M with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Bctgm Local 53 Health Benefits Fund's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.

IRS Tax-Exempt Classification

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 Bctgm Local 53 Health Benefits Fund with a Mission Score of 85 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: 5%
• programs: 95%
• fundraising: 0%

According to IRS 990 filings, Bctgm Local 53 Health Benefits Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $6.1M, with revenue exceeding expenses.
• Debt-to-asset ratio: 4.6%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through mechanisms not categorized as officer compensation on the 990, which is highly unusual for an organization managing over $30 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 Bctgm Local 53 Health Benefits Fund's IRS 990 filings:

• Unusually low reported officer compensation (0%) for an organization of this size, which may warrant further investigation into how leadership is compensated or if this reflects a unique operational structure.

Strengths

The following positive indicators were identified for Bctgm Local 53 Health Benefits Fund:

• Consistent growth in assets, from $19,899,732 in 201404 to $24,994,504 currently, indicating strong financial management.
• Positive net income in recent periods, such as 202304 where revenue ($32,287,094) significantly exceeded expenses ($26,195,599).
• Likely high program spending ratio, as a health benefits fund, most expenses would be direct benefit payments to members.
• Consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.

Frequently Asked Questions about Bctgm Local 53 Health Benefits Fund

Filing History

IRS 990 filing history for Bctgm Local 53 Health Benefits Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Bctgm Local 53 Health Benefits Fund's revenue has grown by 146.1%, moving from $13.1M to $32.3M. Total assets decreased by 15.7% over the same period, from $21.2M to $17.9M. Total functional expenses rose by 132.5%, from $11.3M to $26.2M. In its most recent filing year (2023), Bctgm Local 53 Health Benefits Fund reported a surplus of $6.1M, with revenue exceeding expenses. The organization holds $822K in liabilities against $17.9M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $17.1M.

Year-by-Year Financial Summary

• 2023: Revenue of $32.3M, expenses of $26.2M, and assets of $17.9M (revenue +7.3% year-over-year).
• 2022: Revenue of $30.1M, expenses of $30.5M, and assets of $11.6M (revenue +12.9% year-over-year).
• 2021: Revenue of $26.6M, expenses of $27.8M, and assets of $12.9M (revenue -10.2% year-over-year).
• 2020: Revenue of $29.7M, expenses of $29.9M, and assets of $13.6M (revenue -3.3% year-over-year).
• 2019: Revenue of $30.7M, expenses of $31.7M, and assets of $14.4M (revenue +12.4% year-over-year).
• 2018: Revenue of $27.3M, expenses of $26.4M, and assets of $15.4M (revenue +24.3% year-over-year).
• 2017: Revenue of $22.0M, expenses of $23.7M, and assets of $14.7M (revenue +25.6% year-over-year).
• 2016: Revenue of $17.5M, expenses of $20.5M, and assets of $16.3M (revenue -0.1% year-over-year).
• 2015: Revenue of $17.5M, expenses of $18.1M, and assets of $19.3M (revenue +17.9% year-over-year).
• 2014: Revenue of $14.8M, expenses of $16.9M, and assets of $19.9M (revenue +19.1% year-over-year).
• 2013: Revenue of $12.5M, expenses of $12.9M, and assets of $21.7M (revenue +1.1% year-over-year).
• 2012: Revenue of $12.3M, expenses of $13.0M, and assets of $21.4M (revenue -6.1% year-over-year).
• 2011: Revenue of $13.1M, expenses of $11.3M, and assets of $21.2M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Bctgm Local 53 Health Benefits Fund:

Data Sources and Methodology

This transparency report for Bctgm Local 53 Health Benefits Fund 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.