Bctgm Local 53 Health Benefits Fund

Bctgm Local 53 Health Benefits Fund shows consistent revenue and asset growth with no reported officer compensation.

EIN: 111782177 · Rutherford, NJ · Updated: 2026-03-28

$37.9MRevenue

$25.0MAssets

85/100Mission Score (Excellent)

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.

AI Transparency Report

Bctgm Local 53 Health Benefits Fund demonstrates a generally stable financial position, primarily focused on providing health benefits to its members. Over the past decade, the organization has consistently managed significant revenues and expenses, with recent years showing positive net income, such as in 202304 where revenue of $32,287,094 exceeded expenses of $26,195,599. This has contributed to a healthy growth in assets, from $19,899,732 in 201404 to $24,994,504 currently. The fund's primary purpose as a health benefits fund implies that the vast majority of its spending is directly on program services (benefits paid), which is a positive indicator of efficiency in its core mission.

The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, indicating adherence to regulatory requirements. A notable aspect is the reported 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, which could be a strength in terms of minimizing administrative overhead or a point for further inquiry regarding full compensation structures. The consistent growth in assets, alongside manageable liabilities, suggests prudent financial management and a strong capacity to meet future obligations to its beneficiaries.

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.

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

Is Bctgm Local 53 Health Benefits Fund a good charity?

As a health benefits fund, its primary purpose is to provide benefits to its members, not to operate as a traditional public charity. Its financial health appears strong, with consistent revenue and asset growth, and a high proportion of spending likely dedicated to its core mission of providing health benefits.

How does Bctgm Local 53 Health Benefits Fund manage its administrative costs?

Given its nature as a health benefits fund, most expenses are likely direct benefit payments. The reported 0% officer compensation suggests very low administrative overhead related to executive salaries, though other administrative costs would be embedded within its total expenses.

What is the trend in Bctgm Local 53 Health Benefits Fund's financial stability?

The fund has shown a positive trend in financial stability, with assets growing from $19,899,732 in 201404 to $24,994,504 currently, and recent periods like 202304 showing revenues significantly exceeding expenses ($32,287,094 vs. $26,195,599).

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$32.3M	$26.2M	$17.9M	$822K	—	View 990
2022	$30.1M	$30.5M	$11.6M	$716K	—	View 990
2021	$26.6M	$27.8M	$12.9M	$757K	—	—
2020	$29.7M	$29.9M	$13.6M	$876K	—	—
2019	$30.7M	$31.7M	$14.4M	$809K	—	View 990
2018	$27.3M	$26.4M	$15.4M	$1.0M	—	View 990
2017	$22.0M	$23.7M	$14.7M	$1.1M	—	View 990
2016	$17.5M	$20.5M	$16.3M	$1.2M	—	View 990
2015	$17.5M	$18.1M	$19.3M	$497K	—	View 990
2014	$14.8M	$16.9M	$19.9M	$404K	—	View 990
2013	$12.5M	$12.9M	$21.7M	$463K	—	View 990
2012	$12.3M	$13.0M	$21.4M	$1.4M	—	View 990
2011	$13.1M	$11.3M	$21.2M	$1.3M	—	View 990

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.

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.