Composition Roofers Union Local 30 Combined Health & Welfare Plan
EIN: 232258631 · Troy, MI · NTEE: Y43
| Metric | Value |
|---|---|
| Total Revenue | $37.1M |
| Total Expenses | $17.3M |
| Net Assets | $25.3M |
Is Composition Roofers Union Local 30 Combined Health & Welfare Plan Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Composition Roofers Union Local 30 Combined Health & Welfare Plan
Composition Roofers Union Local 30 Combined Health & Welfare Plan (EIN: 232258631) is a nonprofit organization based in Troy, MI, classified under NTEE code Y43. The organization reported total revenue of $37.1M and total assets of $31.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Composition Roofers Union Local 30 Combined Health & Welfare Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Composition Roofers Union Local 30 Combined Health & Welfare Plan is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.5M |
| Total Expenses | $17.3M |
| Surplus / Deficit | +$2.2M |
| Total Assets | $25.7M |
| Total Liabilities | $391K |
| Net Assets | $25.3M |
| Operating Margin | 11.3% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 17.8 months |
Financial Health Grade: A
In 2023, Composition Roofers Union Local 30 Combined Health & Welfare Plan reported a surplus of $2.2M with revenue exceeding expenses, holds 17.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Composition Roofers Union Local 30 Combined Health & Welfare Plan's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.5% | +21.0% | +13.9% |
| 2022 | -1.5% | -4.0% | +3.3% |
| 2021 | +6.3% | -3.6% | +16.7% |
| 2020 | -7.0% | +5.7% | +10.4% |
| 2019 | +4.3% | +3.1% | +30.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Composition Roofers Union Local 30 Combined Health & Welfare Plan has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Composition Roofers Union Local 30 Combined Health & Welfare Plan with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Frequently Asked Questions about Composition Roofers Union Local 30 Combined Health & Welfare Plan
Is Composition Roofers Union Local 30 Combined Health & Welfare Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Composition Roofers Union Local 30 Combined Health & Welfare Plan (EIN: 232258631) insufficient data. 0 red flags identified, 0 strengths noted.
How does Composition Roofers Union Local 30 Combined Health & Welfare Plan spend its money?
Detailed spending breakdown data is not yet available for Composition Roofers Union Local 30 Combined Health & Welfare Plan. Check back for updated IRS 990 analysis.
Are donations to Composition Roofers Union Local 30 Combined Health & Welfare Plan tax-deductible?
Composition Roofers Union Local 30 Combined Health & Welfare Plan is registered as a tax-exempt nonprofit (EIN: 232258631). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Composition Roofers Union Local 30 Combined Health & Welfare Plan located?
Composition Roofers Union Local 30 Combined Health & Welfare Plan is headquartered in Troy, Michigan and files with the IRS under EIN 232258631. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Composition Roofers Union Local 30 Combined Health & Welfare Plan have?
Composition Roofers Union Local 30 Combined Health & Welfare Plan 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 $37.1M in total revenue.
Filing History
IRS 990 filing history for Composition Roofers Union Local 30 Combined Health & Welfare Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Composition Roofers Union Local 30 Combined Health & Welfare Plan's revenue has grown by 63%, moving from $12.0M to $19.5M. Total assets increased by 170.8% over the same period, from $9.5M to $25.7M. Total functional expenses rose by 45.9%, from $11.9M to $17.3M. In its most recent filing year (2023), Composition Roofers Union Local 30 Combined Health & Welfare Plan reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $391K in liabilities against $25.7M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $25.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.5M | $17.3M | $25.7M | $391K | — | — |
| 2022 | $17.5M | $14.3M | $22.5M | $377K | — | View 990 |
| 2021 | $17.8M | $14.9M | $21.8M | $448K | — | View 990 |
| 2020 | $16.7M | $15.5M | $18.7M | $438K | — | View 990 |
| 2019 | $18.0M | $14.6M | $16.9M | $465K | — | View 990 |
| 2018 | $17.2M | $14.2M | $13.0M | $467K | — | View 990 |
| 2017 | $16.5M | $13.3M | $9.9M | $466K | — | View 990 |
| 2016 | $16.7M | $15.9M | $7.9M | $1.6M | — | View 990 |
| 2015 | $15.4M | $14.8M | $5.9M | $461K | — | View 990 |
| 2014 | $11.8M | $13.9M | $4.3M | $431K | — | View 990 |
| 2013 | $11.6M | $13.5M | $6.3M | $335K | — | View 990 |
| 2012 | $11.6M | $12.8M | $8.0M | $157K | — | View 990 |
| 2011 | $12.0M | $11.9M | $9.5M | $397K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.5M, expenses of $17.3M, and assets of $25.7M (revenue +11.5% year-over-year).
- 2022: Revenue of $17.5M, expenses of $14.3M, and assets of $22.5M (revenue -1.5% year-over-year).
- 2021: Revenue of $17.8M, expenses of $14.9M, and assets of $21.8M (revenue +6.3% year-over-year).
- 2020: Revenue of $16.7M, expenses of $15.5M, and assets of $18.7M (revenue -7.0% year-over-year).
- 2019: Revenue of $18.0M, expenses of $14.6M, and assets of $16.9M (revenue +4.3% year-over-year).
- 2018: Revenue of $17.2M, expenses of $14.2M, and assets of $13.0M (revenue +4.2% year-over-year).
- 2017: Revenue of $16.5M, expenses of $13.3M, and assets of $9.9M (revenue -0.8% year-over-year).
- 2016: Revenue of $16.7M, expenses of $15.9M, and assets of $7.9M (revenue +8.3% year-over-year).
- 2015: Revenue of $15.4M, expenses of $14.8M, and assets of $5.9M (revenue +30.7% year-over-year).
- 2014: Revenue of $11.8M, expenses of $13.9M, and assets of $4.3M (revenue +1.3% year-over-year).
- 2013: Revenue of $11.6M, expenses of $13.5M, and assets of $6.3M (revenue +-0.0% year-over-year).
- 2012: Revenue of $11.6M, expenses of $12.8M, and assets of $8.0M (revenue -2.9% year-over-year).
- 2011: Revenue of $12.0M, expenses of $11.9M, and assets of $9.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Composition Roofers Union Local 30 Combined Health & Welfare Plan:
Data Sources and Methodology
This transparency report for Composition Roofers Union Local 30 Combined Health & Welfare Plan 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.