Construction & General Laborers 190 Welfare Fund
Construction & General Laborers 190 Welfare Fund shows strong asset growth but recent operating deficits.
EIN: 141424790 · Wallingford, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.7M |
| Total Expenses | $7.7M |
| Program Spending | 90% |
| Net Assets | $10.9M |
| Transparency Score | 85/100 |
Is Construction & General Laborers 190 Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Construction & General Laborers 190 Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Construction & General Laborers 190 Welfare Fund
Construction & General Laborers 190 Welfare Fund (EIN: 141424790) is a nonprofit organization based in Wallingford, CT. The organization reported total revenue of $14.7M and total assets of $17.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Construction & General Laborers 190 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Construction & General Laborers 190 Welfare Fund is a large nonprofit that has been operating for 68 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 | $6.2M |
| Total Expenses | $7.7M |
| Surplus / Deficit | $-1,461,193 |
| Total Assets | $17.4M |
| Total Liabilities | $6.4M |
| Net Assets | $10.9M |
| Operating Margin | -23.5% |
| Debt-to-Asset Ratio | 37.0% |
| Months of Reserves | 27.2 months |
Financial Health Grade: B
In 2023, Construction & General Laborers 190 Welfare Fund reported a deficit of $1.5M with expenses exceeding revenue, holds 27.2 months of operating reserves (strong position), has a debt-to-asset ratio of 37.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Construction & General Laborers 190 Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.0% | -19.0% | -3.5% |
| 2022 | +6.9% | +51.9% | -21.0% |
| 2021 | +18.8% | +10.9% | +12.8% |
| 2020 | -18.0% | +13.1% | +8.1% |
| 2019 | +21.5% | +20.2% | +47.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Construction & General Laborers 190 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Construction & General Laborers 190 Welfare Fund allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive direct compensation from the organization, which is a positive sign for 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 Construction & General Laborers 190 Welfare Fund's IRS 990 filings:
- Consistent operating deficits in the last two reported periods (2022 and 2023)
- Significant decrease in assets from $22.7 million in 2021 to $17.3 million in 2023
Strengths
The following positive indicators were identified for Construction & General Laborers 190 Welfare Fund:
- Strong historical asset growth, more than doubling from 2014 to 2023
- Consistent filing of IRS Form 990s over 13 periods, indicating good transparency
- Reported 0% officer compensation across all filings, suggesting efficient use of funds for its mission
- Long-standing presence and consistent revenue generation over a decade
Frequently Asked Questions about Construction & General Laborers 190 Welfare Fund
Is Construction & General Laborers 190 Welfare Fund a legitimate charity?
Construction & General Laborers 190 Welfare Fund (EIN: 141424790) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $14.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Construction & General Laborers 190 Welfare Fund spend its money?
Construction & General Laborers 190 Welfare Fund directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Construction & General Laborers 190 Welfare Fund tax-deductible?
Construction & General Laborers 190 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 141424790). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Construction & General Laborers 190 Welfare Fund's spending goes to programs?
Construction & General Laborers 190 Welfare Fund directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Construction & General Laborers 190 Welfare Fund located?
Construction & General Laborers 190 Welfare Fund is headquartered in Wallingford, Connecticut and files with the IRS under EIN 141424790.
How many years of IRS 990 filings does Construction & General Laborers 190 Welfare Fund have?
Construction & General Laborers 190 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 $14.7M in total revenue.
What is the cause of the recent operating deficits, such as the $1.4 million deficit in 2023 and $2.8 million deficit in 2022?
The provided data shows that in 2023, expenses ($7,672,375) exceeded revenue ($6,211,182), and in 2022, expenses ($9,473,502) significantly exceeded revenue ($6,677,713). This could be due to increased benefit payouts, investment losses, or other operational costs. Further detailed financial statements would be needed to pinpoint the exact reasons.
How does the organization manage its investment portfolio, given the significant asset base and fluctuations?
With assets growing from $8.7 million in 2014 to $17.3 million in 2023, the organization clearly has an active investment strategy. The specific details of this strategy, including asset allocation and performance, are not available in the provided summary data but are crucial for understanding long-term financial stability.
Are there any related organizations or entities through which officer compensation might be paid?
The consistent reporting of 0% officer compensation on the 990 forms is notable. It would be important to confirm if any officers receive compensation through related entities or management service agreements that are not directly reported as officer compensation on this specific filing.
Filing History
IRS 990 filing history for Construction & General Laborers 190 Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Construction & General Laborers 190 Welfare Fund's revenue has grown by 48.7%, moving from $4.2M to $6.2M. Total assets increased by 246.9% over the same period, from $5.0M to $17.4M. Total functional expenses rose by 180.5%, from $2.7M to $7.7M. In its most recent filing year (2023), Construction & General Laborers 190 Welfare Fund reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $6.4M in liabilities against $17.4M in assets (debt-to-asset ratio: 37.0%), resulting in net assets of $10.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.2M | $7.7M | $17.4M | $6.4M | — | — |
| 2022 | $6.7M | $9.5M | $18.0M | $6.3M | — | View 990 |
| 2021 | $6.2M | $6.2M | $22.8M | $5.3M | — | — |
| 2020 | $5.3M | $5.6M | $20.2M | $5.0M | — | — |
| 2019 | $6.4M | $5.0M | $18.7M | $4.8M | — | View 990 |
| 2018 | $5.3M | $4.1M | $12.7M | $4.2M | — | View 990 |
| 2017 | $5.2M | $6.0M | $11.4M | $4.4M | — | View 990 |
| 2016 | $5.1M | $4.3M | $11.1M | $3.6M | — | View 990 |
| 2015 | $5.3M | $4.4M | $10.4M | $3.8M | — | View 990 |
| 2014 | $4.9M | $3.5M | $8.7M | $3.3M | — | View 990 |
| 2013 | $5.0M | $4.1M | $7.4M | $3.5M | — | View 990 |
| 2012 | $4.9M | $2.7M | $6.4M | $3.4M | — | View 990 |
| 2011 | $4.2M | $2.7M | $5.0M | $4.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.2M, expenses of $7.7M, and assets of $17.4M (revenue -7.0% year-over-year).
- 2022: Revenue of $6.7M, expenses of $9.5M, and assets of $18.0M (revenue +6.9% year-over-year).
- 2021: Revenue of $6.2M, expenses of $6.2M, and assets of $22.8M (revenue +18.8% year-over-year).
- 2020: Revenue of $5.3M, expenses of $5.6M, and assets of $20.2M (revenue -18.0% year-over-year).
- 2019: Revenue of $6.4M, expenses of $5.0M, and assets of $18.7M (revenue +21.5% year-over-year).
- 2018: Revenue of $5.3M, expenses of $4.1M, and assets of $12.7M (revenue +1.7% year-over-year).
- 2017: Revenue of $5.2M, expenses of $6.0M, and assets of $11.4M (revenue +2.7% year-over-year).
- 2016: Revenue of $5.1M, expenses of $4.3M, and assets of $11.1M (revenue -4.5% year-over-year).
- 2015: Revenue of $5.3M, expenses of $4.4M, and assets of $10.4M (revenue +7.6% year-over-year).
- 2014: Revenue of $4.9M, expenses of $3.5M, and assets of $8.7M (revenue -1.7% year-over-year).
- 2013: Revenue of $5.0M, expenses of $4.1M, and assets of $7.4M (revenue +2.5% year-over-year).
- 2012: Revenue of $4.9M, expenses of $2.7M, and assets of $6.4M (revenue +16.9% year-over-year).
- 2011: Revenue of $4.2M, expenses of $2.7M, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Construction & General Laborers 190 Welfare Fund:
Data Sources and Methodology
This transparency report for Construction & General Laborers 190 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.