Cement Masons Local No 111 Health & Welfare Fund
Cement Masons Local No 111 Health & Welfare Fund consistently grows assets with strong program spending and no reported officer compensation.
EIN: 166095037 · Tonawanda, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.4M |
| Program Spending | 95% |
| Net Assets | $7.5M |
| Transparency Score | 90/100 |
Is Cement Masons Local No 111 Health & 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 Masons Local No 111 Health & Welfare Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cement Masons Local No 111 Health & Welfare Fund
Cement Masons Local No 111 Health & Welfare Fund (EIN: 166095037) is a nonprofit organization based in Tonawanda, NY. The organization reported total revenue of $2.9M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cement Masons Local No 111 Health & Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cement Masons Local No 111 Health & Welfare Fund is a mid-size nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$609K |
| Total Assets | $7.5M |
| Total Liabilities | $16K |
| Net Assets | $7.5M |
| Operating Margin | 20.5% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 38.0 months |
Financial Health Grade: A
In 2023, Cement Masons Local No 111 Health & Welfare Fund reported a surplus of $609K with revenue exceeding expenses, holds 38.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cement Masons Local No 111 Health & Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.8% | +3.9% | +10.7% |
| 2022 | +13.7% | +5.4% | -3.9% |
| 2021 | +0.8% | -5.1% | +15.8% |
| 2020 | -0.1% | +2.8% | +5.7% |
| 2019 | -1.3% | +3.1% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1968 |
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 Masons Local No 111 Health & Welfare 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, Cement Masons Local No 111 Health & Welfare 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 surplus of $609K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer leadership structure or that executive compensation is covered by a related entity or embedded within other administrative costs, which warrants further investigation for complete transparency.
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 Masons Local No 111 Health & Welfare Fund's IRS 990 filings:
- Lack of detailed NTEE code for clear categorization
- Unclear how executive functions are compensated given 0% officer compensation reported
Strengths
The following positive indicators were identified for Cement Masons Local No 111 Health & Welfare Fund:
- Consistent growth in assets, from $3.8M in 2014 to $7.4M in 2023
- Strong program spending ratio, indicating efficient use of funds for its mission
- Consistent positive net income over the past decade
- Low liabilities relative to assets, indicating financial stability
- No reported officer compensation, suggesting lean administrative overhead at the executive level
Frequently Asked Questions about Cement Masons Local No 111 Health & Welfare Fund
Is Cement Masons Local No 111 Health & Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Cement Masons Local No 111 Health & Welfare Fund (EIN: 166095037) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Cement Masons Local No 111 Health & Welfare Fund spend its money?
Cement Masons Local No 111 Health & Welfare Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cement Masons Local No 111 Health & Welfare Fund tax-deductible?
Cement Masons Local No 111 Health & Welfare Fund is registered as a tax-exempt nonprofit (EIN: 166095037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cement Masons Local No 111 Health & Welfare Fund located?
Cement Masons Local No 111 Health & Welfare Fund is headquartered in Tonawanda, New York and files with the IRS under EIN 166095037.
How many years of IRS 990 filings does Cement Masons Local No 111 Health & Welfare Fund have?
Cement Masons Local No 111 Health & 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 $2.9M in total revenue.
How are executive functions compensated if no officer compensation is reported?
The IRS 990 filings consistently show 0% officer compensation. This could mean that the organization's leadership is entirely volunteer-based, or that executive services are provided by a related entity and compensated through a different mechanism not reported as direct officer compensation on this specific 990.
What specific health and welfare benefits does the fund provide?
While the filings indicate significant program expenses, the specific details of the health and welfare benefits provided are not detailed in the summary data. Further review of the full 990 forms would be needed to understand the exact nature of these benefits.
What is the NTEE code for this organization?
The provided data states the NTEE Code is 'Unknown'. This information would typically be found on the organization's IRS Form 990.
Filing History
IRS 990 filing history for Cement Masons Local No 111 Health & Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cement Masons Local No 111 Health & Welfare Fund's revenue has grown by 49.6%, moving from $2.0M to $3.0M. Total assets increased by 250.4% over the same period, from $2.1M to $7.5M. Total functional expenses rose by 31.9%, from $1.8M to $2.4M. In its most recent filing year (2023), Cement Masons Local No 111 Health & Welfare Fund reported a surplus of $609K, with revenue exceeding expenses. The organization holds $16K in liabilities against $7.5M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $2.4M | $7.5M | $16K | — | — |
| 2022 | $3.1M | $2.3M | $6.8M | $16K | — | View 990 |
| 2021 | $2.7M | $2.2M | $7.0M | $2K | — | View 990 |
| 2020 | $2.7M | $2.3M | $6.1M | $2K | — | — |
| 2019 | $2.7M | $2.2M | $5.8M | $2K | — | View 990 |
| 2018 | $2.7M | $2.1M | $5.6M | $5K | — | View 990 |
| 2017 | $2.2M | $2.0M | $5.0M | $5K | — | View 990 |
| 2016 | $2.4M | $2.0M | $4.6M | $5K | — | View 990 |
| 2015 | $2.4M | $2.0M | $4.1M | $13K | — | View 990 |
| 2014 | $2.5M | $1.8M | $3.8M | $2K | — | View 990 |
| 2013 | $1.8M | $1.9M | $2.5M | $4 | — | View 990 |
| 2012 | $2.2M | $1.8M | $2.6M | $68 | — | View 990 |
| 2011 | $2.0M | $1.8M | $2.1M | $67 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $2.4M, and assets of $7.5M (revenue -2.8% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.3M, and assets of $6.8M (revenue +13.7% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.2M, and assets of $7.0M (revenue +0.8% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.3M, and assets of $6.1M (revenue -0.1% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.2M, and assets of $5.8M (revenue -1.3% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.1M, and assets of $5.6M (revenue +21.2% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.0M, and assets of $5.0M (revenue -7.4% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.0M, and assets of $4.6M (revenue +-0.0% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.0M, and assets of $4.1M (revenue -1.8% year-over-year).
- 2014: Revenue of $2.5M, expenses of $1.8M, and assets of $3.8M (revenue +35.4% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.9M, and assets of $2.5M (revenue -19.3% year-over-year).
- 2012: Revenue of $2.2M, expenses of $1.8M, and assets of $2.6M (revenue +13.2% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.8M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cement Masons Local No 111 Health & Welfare Fund:
Data Sources and Methodology
This transparency report for Cement Masons Local No 111 Health & 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.