Boilermakers Local 83 Supplemental Health And Welfare Fund

Boilermakers Local 83 Supplemental Health And Welfare Fund maintains substantial assets despite recent operating deficits and reports no officer compensation.

EIN: 205130170 · Kansas City, MO · NTEE: Y43 · Updated: 2026-03-28

$3.4MRevenue

$13.7MAssets

85/100Mission Score (Excellent)

Y43

About Boilermakers Local 83 Supplemental Health And Welfare Fund

Boilermakers Local 83 Supplemental Health And Welfare Fund (EIN: 205130170) is a nonprofit organization based in Kansas City, MO, classified under NTEE code Y43. The organization reported total revenue of $3.4M and total assets of $13.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boilermakers Local 83 Supplemental Health And Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Boilermakers Local 83 Supplemental Health And Welfare Fund appears to be a financially stable organization, consistently maintaining substantial assets relative to its annual revenue and expenses. Over the past several years, the organization has reported assets ranging from approximately $12.7 million to $15.2 million, significantly exceeding its annual revenues, which have typically been in the $600,000 to $1.7 million range. This indicates a strong reserve base to support its health and welfare benefits.

The organization's spending patterns show that expenses have often exceeded revenue in recent years, such as in 2023 ($952,168 expenses vs. $691,637 revenue) and 2022 ($1,058,635 expenses vs. $638,317 revenue). While this suggests drawing from reserves, it is not uncommon for health and welfare funds to experience fluctuations in claims and investment income. The consistent reporting of zero officer compensation across all available filings indicates a high degree of financial transparency regarding executive pay, suggesting that administrative costs are likely kept low in this area. Given its NTEE code (Y43 - Employee Benevolent Associations), its primary function is to provide benefits, which would constitute its program service expenses.

Overall, the fund demonstrates a solid financial foundation with substantial assets. The consistent zero officer compensation is a positive indicator of transparency and efficient use of funds in that specific area. While recent years show expenses exceeding revenue, the large asset base provides a buffer, and further detail on the breakdown of expenses (program vs. administrative) would offer a more complete picture of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Boilermakers Local 83 Supplemental Health And Welfare 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Boilermakers Local 83 Supplemental Health And Welfare Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 no salaries or benefits are paid to officers, which is a strong positive for financial efficiency and transparency in this area.

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 Boilermakers Local 83 Supplemental Health And Welfare Fund's IRS 990 filings:

Consistent operating deficits in recent years (e.g., $260,531 in 2023, $420,318 in 2022), indicating expenses exceeding revenue.
Declining revenue trend from 2021 to 2023, potentially impacting future sustainability if not reversed.

Strengths

The following positive indicators were identified for Boilermakers Local 83 Supplemental Health And Welfare Fund:

Strong asset base, consistently over $12 million, providing financial stability and reserves.
Zero officer compensation reported across all filings, indicating high efficiency and transparency in executive pay.
Low liabilities relative to assets, suggesting good financial management.
Clear mission as an Employee Benevolent Association (NTEE Y43), implying a direct focus on member benefits.

Frequently Asked Questions about Boilermakers Local 83 Supplemental Health And Welfare Fund

How does the organization cover its operating deficits, such as the $260,531 deficit in 2023?

The organization likely covers its operating deficits by drawing from its substantial asset base, which stood at $12,999,257 in 2023. This is a common practice for funds with significant reserves.

What is the specific breakdown of program service expenses versus administrative expenses?

While the filings indicate total expenses, a detailed breakdown of program service expenses (e.g., health benefits paid) versus administrative costs is not explicitly provided in the summary data. However, as an Employee Benevolent Association, the vast majority of its expenses would typically be program-related.

Are the declining revenues in 2022 and 2023 a concern for long-term sustainability?

Revenues declined from $1,541,187 in 2021 to $638,317 in 2022 and $691,637 in 2023. While this trend warrants monitoring, the organization's substantial asset base of over $12 million provides a significant buffer against short-term revenue fluctuations.

Filing History

IRS 990 filing history for Boilermakers Local 83 Supplemental Health And Welfare Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Boilermakers Local 83 Supplemental Health And Welfare Fund's revenue has declined by 55.5%, moving from $1.6M to $692K. Total assets increased by 15% over the same period, from $11.3M to $13.0M. Total functional expenses rose by 81.8%, from $524K to $952K. In its most recent filing year (2023), Boilermakers Local 83 Supplemental Health And Welfare Fund reported a deficit of $261K, with expenses exceeding revenue. The organization holds $390K in liabilities against $13.0M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $12.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$692K	$952K	$13.0M	$390K	—	—
2022	$638K	$1.1M	$12.7M	$466K	—	View 990
2021	$1.5M	$1.2M	$14.8M	$545K	—	View 990
2020	$1.0M	$1.3M	$15.2M	$591K	—	—
2019	$1.2M	$1.2M	$14.8M	$551K	—	—
2018	$1.3M	$1.3M	$14.2M	$571K	—	View 990
2017	$1.1M	$1.1M	$14.7M	$518K	—	View 990
2016	$1.3M	$1.2M	$14.4M	$543K	—	View 990
2015	$1.1M	$1.1M	$14.2M	$532K	—	View 990
2014	$1.7M	$1.0M	$14.3M	$409K	—	View 990
2013	$1.5M	$819K	$13.4M	$309K	—	View 990
2012	$1.5M	$713K	$12.7M	$347K	—	View 990
2011	$1.6M	$524K	$11.3M	$252K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $692K, expenses of $952K, and assets of $13.0M (revenue +8.4% year-over-year).
2022: Revenue of $638K, expenses of $1.1M, and assets of $12.7M (revenue -58.6% year-over-year).
2021: Revenue of $1.5M, expenses of $1.2M, and assets of $14.8M (revenue +48.4% year-over-year).
2020: Revenue of $1.0M, expenses of $1.3M, and assets of $15.2M (revenue -13.3% year-over-year).
2019: Revenue of $1.2M, expenses of $1.2M, and assets of $14.8M (revenue -5.7% year-over-year).
2018: Revenue of $1.3M, expenses of $1.3M, and assets of $14.2M (revenue +12.2% year-over-year).
2017: Revenue of $1.1M, expenses of $1.1M, and assets of $14.7M (revenue -10.8% year-over-year).
2016: Revenue of $1.3M, expenses of $1.2M, and assets of $14.4M (revenue +11.4% year-over-year).
2015: Revenue of $1.1M, expenses of $1.1M, and assets of $14.2M (revenue -33.1% year-over-year).
2014: Revenue of $1.7M, expenses of $1.0M, and assets of $14.3M (revenue +12.1% year-over-year).
2013: Revenue of $1.5M, expenses of $819K, and assets of $13.4M (revenue +2.0% year-over-year).
2012: Revenue of $1.5M, expenses of $713K, and assets of $12.7M (revenue -4.1% year-over-year).
2011: Revenue of $1.6M, expenses of $524K, and assets of $11.3M.

Data Sources and Methodology

This transparency report for Boilermakers Local 83 Supplemental Health And Welfare 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.