Cement & Concrete Workers District Council Welfare Fund
Cement & Concrete Workers Welfare Fund faces consistent revenue shortfalls and declining assets.
EIN: 135542693 · Bayside, NY · NTEE: J40Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $54.1M |
| Total Expenses | $37.5M |
| Program Spending | 85% |
| Net Assets | $75.3M |
| Transparency Score | 65/100 |
Is Cement & Concrete Workers District Council Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cement & Concrete Workers District Council Welfare Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cement & Concrete Workers District Council Welfare Fund
Cement & Concrete Workers District Council Welfare Fund (EIN: 135542693) is a nonprofit organization based in Bayside, NY, classified under NTEE code J40Z. The organization reported total revenue of $54.1M and total assets of $70.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cement & Concrete Workers District Council Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cement & Concrete Workers District Council Welfare Fund is a major 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 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.9M |
| Total Expenses | $37.5M |
| Surplus / Deficit | $-11,630,268 |
| Total Assets | $80.6M |
| Total Liabilities | $5.3M |
| Net Assets | $75.3M |
| Operating Margin | -44.9% |
| Debt-to-Asset Ratio | 6.6% |
| Months of Reserves | 25.8 months |
Financial Health Grade: B
In 2023, Cement & Concrete Workers District Council Welfare Fund reported a deficit of $11.6M with expenses exceeding revenue, holds 25.8 months of operating reserves (strong position), has a debt-to-asset ratio of 6.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cement & Concrete Workers District Council Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.3% | +8.6% | -10.1% |
| 2022 | -32.6% | -8.5% | -22.5% |
| 2021 | +28.0% | +2.5% | +0.5% |
| 2020 | -31.1% | -4.1% | -0.8% |
| 2019 | +14.1% | +2.1% | +1.3% |
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 Cement & Concrete Workers District Council Welfare Fund with a Mission Score of 65 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Cement & Concrete Workers District Council Welfare Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $11.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is a strong positive for financial transparency and resource allocation.
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 Cement & Concrete Workers District Council Welfare Fund's IRS 990 filings:
- Consistent revenue shortfalls against expenses (e.g., 2023: $25.9M revenue vs. $37.5M expenses)
- Significant decline in total assets over recent years (from $125.3M in 2017 to $80.6M in 2023)
Strengths
The following positive indicators were identified for Cement & Concrete Workers District Council Welfare Fund:
- Zero officer compensation reported across all filings, indicating strong governance regarding executive pay.
- Relatively low liabilities compared to assets, suggesting good short-term solvency.
Frequently Asked Questions about Cement & Concrete Workers District Council Welfare Fund
Is Cement & Concrete Workers District Council Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Cement & Concrete Workers District Council Welfare Fund (EIN: 135542693) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Cement & Concrete Workers District Council Welfare Fund spend its money?
Cement & Concrete Workers District Council Welfare Fund directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cement & Concrete Workers District Council Welfare Fund tax-deductible?
Cement & Concrete Workers District Council Welfare Fund is registered as a tax-exempt nonprofit (EIN: 135542693). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cement & Concrete Workers District Council Welfare Fund's spending goes to programs?
Cement & Concrete Workers District Council Welfare Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cement & Concrete Workers District Council Welfare Fund compare to similar nonprofits?
With a transparency score of 65/100 (Good), Cement & Concrete Workers District Council Welfare Fund is above average for NTEE category J40Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cement & Concrete Workers District Council Welfare Fund located?
Cement & Concrete Workers District Council Welfare Fund is headquartered in Bayside, New York and files with the IRS under EIN 135542693. It is classified under NTEE code J40Z.
How many years of IRS 990 filings does Cement & Concrete Workers District Council Welfare Fund have?
Cement & Concrete Workers District Council Welfare 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 $54.1M in total revenue.
What is the primary reason for the consistent revenue shortfalls in recent years?
The filings show that expenses have exceeded revenue in multiple recent periods (e.g., 2023, 2022, 2021, 2020), leading to a draw on assets or investment income to cover the difference.
How does the organization plan to address the decline in its asset base?
The asset base has decreased from $125.3M in 2017 to $80.6M in 2023. This trend, coupled with consistent expense-to-revenue deficits, suggests a need for a strategy to stabilize or grow assets.
What constitutes the majority of the organization's expenses?
As a welfare fund, the majority of expenses would typically be benefit payments to members, along with the administrative costs associated with managing those benefits and the fund itself.
Is the organization's current financial model sustainable given the trend of expenses exceeding revenue?
The consistent trend of expenses exceeding revenue, leading to a decline in assets, raises questions about the long-term sustainability of the fund's current financial model without adjustments to revenue generation or expense management.
Filing History
IRS 990 filing history for Cement & Concrete Workers District Council Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cement & Concrete Workers District Council Welfare Fund's revenue has grown by 14.6%, moving from $22.6M to $25.9M. Total assets increased by 3.5% over the same period, from $77.9M to $80.6M. Total functional expenses rose by 79.7%, from $20.9M to $37.5M. In its most recent filing year (2023), Cement & Concrete Workers District Council Welfare Fund reported a deficit of $11.6M, with expenses exceeding revenue. The organization holds $5.3M in liabilities against $80.6M in assets (debt-to-asset ratio: 6.6%), resulting in net assets of $75.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.9M | $37.5M | $80.6M | $5.3M | — | — |
| 2022 | $23.3M | $34.6M | $89.7M | $6.4M | — | — |
| 2021 | $34.5M | $37.8M | $115.7M | $7.8M | — | View 990 |
| 2020 | $27.0M | $36.9M | $115.2M | $8.7M | — | — |
| 2019 | $39.2M | $38.4M | $116.1M | $8.2M | — | View 990 |
| 2018 | $34.3M | $37.7M | $114.6M | $10.4M | — | View 990 |
| 2017 | $31.8M | $33.7M | $125.4M | $12.8M | — | — |
| 2016 | $41.3M | $29.5M | $115.6M | $9.1M | — | View 990 |
| 2015 | $35.2M | $23.9M | $103.7M | $3.4M | — | View 990 |
| 2014 | $26.8M | $24.1M | $93.4M | $2.3M | — | View 990 |
| 2013 | $22.7M | $22.8M | $89.5M | $3.0M | — | View 990 |
| 2012 | $22.6M | $21.4M | $84.0M | $3.0M | — | View 990 |
| 2011 | $22.6M | $20.9M | $77.9M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.9M, expenses of $37.5M, and assets of $80.6M (revenue +11.3% year-over-year).
- 2022: Revenue of $23.3M, expenses of $34.6M, and assets of $89.7M (revenue -32.6% year-over-year).
- 2021: Revenue of $34.5M, expenses of $37.8M, and assets of $115.7M (revenue +28.0% year-over-year).
- 2020: Revenue of $27.0M, expenses of $36.9M, and assets of $115.2M (revenue -31.1% year-over-year).
- 2019: Revenue of $39.2M, expenses of $38.4M, and assets of $116.1M (revenue +14.1% year-over-year).
- 2018: Revenue of $34.3M, expenses of $37.7M, and assets of $114.6M (revenue +8.0% year-over-year).
- 2017: Revenue of $31.8M, expenses of $33.7M, and assets of $125.4M (revenue -23.1% year-over-year).
- 2016: Revenue of $41.3M, expenses of $29.5M, and assets of $115.6M (revenue +17.5% year-over-year).
- 2015: Revenue of $35.2M, expenses of $23.9M, and assets of $103.7M (revenue +31.1% year-over-year).
- 2014: Revenue of $26.8M, expenses of $24.1M, and assets of $93.4M (revenue +18.3% year-over-year).
- 2013: Revenue of $22.7M, expenses of $22.8M, and assets of $89.5M (revenue +0.1% year-over-year).
- 2012: Revenue of $22.6M, expenses of $21.4M, and assets of $84.0M (revenue +0.2% year-over-year).
- 2011: Revenue of $22.6M, expenses of $20.9M, and assets of $77.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cement & Concrete Workers District Council Welfare Fund:
Data Sources and Methodology
This transparency report for Cement & Concrete Workers District Council 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.