Board Of Trustees Drywall Tapers Insurance Fund

Drywall Tapers Insurance Fund consistently manages finances with no reported officer compensation.

EIN: 133562352 · Long Is City, NY · Updated: 2026-03-28

$43.8MRevenue

$12.5MAssets

95/100Mission Score (Excellent)

About Board Of Trustees Drywall Tapers Insurance Fund

Board Of Trustees Drywall Tapers Insurance Fund (EIN: 133562352) is a nonprofit organization based in Long Is City, NY. The organization reported total revenue of $43.8M and total assets of $12.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Board Of Trustees Drywall Tapers Insurance Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Board Of Trustees Drywall Tapers Insurance Fund appears to be a well-managed organization with a consistent financial history, primarily focused on its program services. Over the past several years, the organization has maintained a healthy balance between revenue and expenses, with recent filings showing a positive net income. For instance, in 2023, revenue was $22,071,229 against expenses of $20,868,515, indicating a surplus. The organization's assets have fluctuated but remain substantial, with $10,707,305 in assets reported in 2023, comfortably exceeding its liabilities of $1,324,616. This suggests a stable financial position capable of meeting its obligations.

Spending efficiency is a significant strength, as indicated by the 0% officer compensation reported across all available filings. This suggests that the organization's leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which is a strong indicator of resources being directed towards the mission. While specific breakdowns of program, administrative, and fundraising expenses are not directly provided in the summary data, the consistent operational surpluses and lack of reported officer compensation imply a high degree of program focus. The organization's consistent filing of IRS Form 990s demonstrates a commitment to transparency.

Overall, the Board Of Trustees Drywall Tapers Insurance Fund exhibits sound financial health and operational efficiency. Its consistent revenue generation, controlled expenses, and strong asset-to-liability ratio, coupled with the absence of reported officer compensation, paint a picture of a financially responsible and mission-driven entity. The organization's ability to manage its finances effectively over more than a decade, navigating periods of both surplus and deficit, underscores its resilience and prudent financial management.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Board Of Trustees Drywall Tapers Insurance Fund with a Mission Score of 95 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: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Board Of Trustees Drywall Tapers Insurance Fund allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, which is highly unusual and suggests that key leadership may be volunteers or compensated through mechanisms not classified as officer compensation on the 990. This indicates a strong commitment to directing funds towards the organization's mission rather than executive salaries.

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 Board Of Trustees Drywall Tapers Insurance Fund's IRS 990 filings:

NTEE Code is unknown, which can make it harder to categorize and compare the organization's mission and activities with peers.
Specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, making a precise spending efficiency analysis challenging without full 990 access.

Strengths

The following positive indicators were identified for Board Of Trustees Drywall Tapers Insurance Fund:

Consistent 0% reported officer compensation across all filings, indicating high efficiency in directing funds to mission.
Strong asset-to-liability ratio, with assets consistently exceeding liabilities (e.g., $10.7M assets vs. $1.3M liabilities in 2023).
Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
Positive net income in recent years (e.g., $1.2M surplus in 2023), indicating sound financial management.
Long history of financial operations (13 filings), suggesting stability and established processes.

Frequently Asked Questions about Board Of Trustees Drywall Tapers Insurance Fund

Is the Board Of Trustees Drywall Tapers Insurance Fund financially stable?

Yes, the organization appears financially stable. In 2023, it reported $10,707,305 in assets against $1,324,616 in liabilities, indicating a strong financial position. While assets have fluctuated over the years, they consistently exceed liabilities.

How much does the organization spend on executive salaries?

The IRS 990 filings consistently report 0% for officer compensation across all available periods, including the latest 2023 filing. This suggests that executive leadership is either unpaid or compensated through other means not categorized as officer compensation.

Does the organization consistently generate a surplus?

The organization has experienced both surpluses and deficits over the years. For example, in 2023, it had a surplus of $1,202,714 ($22,071,229 revenue - $20,868,515 expenses), but in 2022, it had a slight deficit of $135,977 ($20,318,348 revenue - $20,454,325 expenses). Overall, it demonstrates a capacity for positive net income.

What is the trend in the organization's assets?

The organization's assets have fluctuated, peaking at $19,050,126 in 2019 and most recently reported at $10,707,305 in 2023. Despite fluctuations, assets consistently remain significantly higher than liabilities, indicating a healthy balance sheet.

Filing History

IRS 990 filing history for Board Of Trustees Drywall Tapers Insurance Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Board Of Trustees Drywall Tapers Insurance Fund's revenue has grown by 109.4%, moving from $10.5M to $22.1M. Total assets decreased by 46.5% over the same period, from $20.0M to $10.7M. Total functional expenses rose by 118.4%, from $9.6M to $20.9M. In its most recent filing year (2023), Board Of Trustees Drywall Tapers Insurance Fund reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $10.7M in assets (debt-to-asset ratio: 12.4%), resulting in net assets of $9.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$22.1M	$20.9M	$10.7M	$1.3M	—	—
2022	$20.3M	$20.5M	$9.7M	$1.6M	—	View 990
2021	$21.9M	$25.1M	$8.8M	$310K	—	View 990
2020	$18.9M	$25.3M	$12.4M	$640K	—	View 990
2019	$23.7M	$22.5M	$19.1M	$535K	—	—
2018	$19.8M	$18.8M	$17.3M	$779K	—	View 990
2017	$17.7M	$17.4M	$16.4M	$702K	—	View 990
2016	$17.6M	$17.4M	$15.6M	$595K	—	View 990
2015	$17.9M	$17.5M	$15.5M	$804K	—	View 990
2014	$9.4M	$14.6M	$15.4M	$882K	—	View 990
2013	$12.9M	$12.8M	$20.0M	$2.4M	—	View 990
2012	$10.8M	$10.7M	$20.3M	$2.2M	—	View 990
2011	$10.5M	$9.6M	$20.0M	$2.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $22.1M, expenses of $20.9M, and assets of $10.7M (revenue +8.6% year-over-year).
2022: Revenue of $20.3M, expenses of $20.5M, and assets of $9.7M (revenue -7.1% year-over-year).
2021: Revenue of $21.9M, expenses of $25.1M, and assets of $8.8M (revenue +15.9% year-over-year).
2020: Revenue of $18.9M, expenses of $25.3M, and assets of $12.4M (revenue -20.4% year-over-year).
2019: Revenue of $23.7M, expenses of $22.5M, and assets of $19.1M (revenue +19.8% year-over-year).
2018: Revenue of $19.8M, expenses of $18.8M, and assets of $17.3M (revenue +11.8% year-over-year).
2017: Revenue of $17.7M, expenses of $17.4M, and assets of $16.4M (revenue +0.5% year-over-year).
2016: Revenue of $17.6M, expenses of $17.4M, and assets of $15.6M (revenue -1.4% year-over-year).
2015: Revenue of $17.9M, expenses of $17.5M, and assets of $15.5M (revenue +90.9% year-over-year).
2014: Revenue of $9.4M, expenses of $14.6M, and assets of $15.4M (revenue -27.7% year-over-year).
2013: Revenue of $12.9M, expenses of $12.8M, and assets of $20.0M (revenue +19.3% year-over-year).
2012: Revenue of $10.8M, expenses of $10.7M, and assets of $20.3M (revenue +2.9% year-over-year).
2011: Revenue of $10.5M, expenses of $9.6M, and assets of $20.0M.

Data Sources and Methodology

This transparency report for Board Of Trustees Drywall Tapers Insurance 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.