Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund
Bricklayers Health Benefit Fund consistently operates with stable finances and zero reported officer compensation.
EIN: 141461803 · Albany, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.5M |
| Total Expenses | $8.6M |
| Program Spending | 95% |
| Net Assets | $11.4M |
| Transparency Score | 90/100 |
Is Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund
Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund (EIN: 141461803) is a nonprofit organization based in Albany, NY. The organization reported total revenue of $11.5M and total assets of $13.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund is a large nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.2M |
| Total Expenses | $8.6M |
| Surplus / Deficit | $-444,916 |
| Total Assets | $12.4M |
| Total Liabilities | $998K |
| Net Assets | $11.4M |
| Operating Margin | -5.5% |
| Debt-to-Asset Ratio | 8.0% |
| Months of Reserves | 17.3 months |
Financial Health Grade: B
In 2023, Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund reported a deficit of $445K with expenses exceeding revenue, holds 17.3 months of operating reserves (strong position), has a debt-to-asset ratio of 8.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.9% | -2.6% | -4.0% |
| 2022 | -5.8% | +2.1% | -9.9% |
| 2021 | -0.8% | -10.6% | +8.8% |
| 2020 | -2.1% | +2.8% | -11.5% |
| 2019 | +2.0% | +9.2% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
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 Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben 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 deficit of $445K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for a benefit fund.
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.
Strengths
The following positive indicators were identified for Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund:
- Consistent financial stability with stable revenue and assets over a decade.
- Zero reported officer compensation across all filings, indicating high efficiency and direct benefit to members.
- Manageable liabilities, consistently under $1 million, demonstrating good financial health.
- Likely high program spending given the nature of a health benefit fund and lack of executive compensation.
Frequently Asked Questions about Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund
Is Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund a legitimate charity?
Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund (EIN: 141461803) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $11.5M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund spend its money?
Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund tax-deductible?
Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund is registered as a tax-exempt nonprofit (EIN: 141461803). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund located?
Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund is headquartered in Albany, New York and files with the IRS under EIN 141461803.
How many years of IRS 990 filings does Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund have?
Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.5M in total revenue.
Is Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund a good charity?
Based on the provided data, the organization appears to be a well-managed and efficient benefit fund. Its consistent financial stability, low liabilities, and especially the reported 0% officer compensation across all filings suggest that funds are primarily directed towards its intended purpose of providing health benefits.
How does the organization manage its administrative costs?
While specific administrative expense breakdowns are not detailed beyond the 0% officer compensation, the overall operational expenses are in line with revenue, suggesting efficient management. The absence of officer compensation implies that administrative overhead is either very low or covered by other means, allowing more funds for benefits.
What is the trend in the organization's assets and liabilities?
Assets have fluctuated but remained robust, generally between $12 million and $16 million over the past decade, indicating a strong financial base. Liabilities have consistently been under $1 million, demonstrating good financial health and manageable debt.
Filing History
IRS 990 filing history for Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund's revenue has declined by 4.1%, moving from $8.5M to $8.2M. Total assets increased by 4.1% over the same period, from $11.9M to $12.4M. Total functional expenses rose by 7.1%, from $8.0M to $8.6M. In its most recent filing year (2023), Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund reported a deficit of $445K, with expenses exceeding revenue. The organization holds $998K in liabilities against $12.4M in assets (debt-to-asset ratio: 8.0%), resulting in net assets of $11.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.2M | $8.6M | $12.4M | $998K | — | View 990 |
| 2022 | $7.9M | $8.8M | $12.9M | $984K | — | View 990 |
| 2021 | $8.4M | $8.6M | $14.4M | $872K | — | View 990 |
| 2020 | $8.5M | $9.7M | $13.2M | $791K | — | — |
| 2019 | $8.7M | $9.4M | $14.9M | $747K | — | View 990 |
| 2018 | $8.5M | $8.6M | $15.9M | $991K | — | View 990 |
| 2017 | $8.4M | $8.5M | $16.1M | $1.2M | — | View 990 |
| 2016 | $8.4M | $8.1M | $15.6M | $766K | — | View 990 |
| 2015 | $8.8M | $8.5M | $15.6M | $803K | — | View 990 |
| 2014 | $9.0M | $8.1M | $15.5M | $679K | — | View 990 |
| 2013 | $9.5M | $8.3M | $13.8M | $784K | — | View 990 |
| 2012 | $8.8M | $8.2M | $12.4M | $836K | — | View 990 |
| 2011 | $8.5M | $8.0M | $11.9M | $780K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.2M, expenses of $8.6M, and assets of $12.4M (revenue +2.9% year-over-year).
- 2022: Revenue of $7.9M, expenses of $8.8M, and assets of $12.9M (revenue -5.8% year-over-year).
- 2021: Revenue of $8.4M, expenses of $8.6M, and assets of $14.4M (revenue -0.8% year-over-year).
- 2020: Revenue of $8.5M, expenses of $9.7M, and assets of $13.2M (revenue -2.1% year-over-year).
- 2019: Revenue of $8.7M, expenses of $9.4M, and assets of $14.9M (revenue +2.0% year-over-year).
- 2018: Revenue of $8.5M, expenses of $8.6M, and assets of $15.9M (revenue +1.7% year-over-year).
- 2017: Revenue of $8.4M, expenses of $8.5M, and assets of $16.1M (revenue -0.8% year-over-year).
- 2016: Revenue of $8.4M, expenses of $8.1M, and assets of $15.6M (revenue -3.7% year-over-year).
- 2015: Revenue of $8.8M, expenses of $8.5M, and assets of $15.6M (revenue -2.3% year-over-year).
- 2014: Revenue of $9.0M, expenses of $8.1M, and assets of $15.5M (revenue -5.5% year-over-year).
- 2013: Revenue of $9.5M, expenses of $8.3M, and assets of $13.8M (revenue +7.2% year-over-year).
- 2012: Revenue of $8.8M, expenses of $8.2M, and assets of $12.4M (revenue +4.0% year-over-year).
- 2011: Revenue of $8.5M, expenses of $8.0M, and assets of $11.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben Fund:
Data Sources and Methodology
This transparency report for Bricklayers & Allied Craftworkers Loc 2 Albany Ny Health Ben 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.