Construction Workers Welfare Fund 147

Construction Workers Welfare Fund shows recent financial recovery after years of deficits, with no reported officer compensation.

EIN: 136101595 · Hopatcong, NJ · Updated: 2026-03-28

$3.9MRevenue

$4.0MAssets

75/100Mission Score (Good)

About Construction Workers Welfare Fund 147

Construction Workers Welfare Fund 147 (EIN: 136101595) is a nonprofit organization based in Hopatcong, NJ. The organization reported total revenue of $3.9M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Construction Workers Welfare Fund 147's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Construction Workers Welfare Fund demonstrates a fluctuating financial history, with significant revenue and expense swings over the past decade. While the organization reported a positive net income in its latest filing (202312: Revenue $2,715,566 vs. Expenses $2,059,159), this follows several years of operating deficits, particularly between 2014 and 2019. The organization's assets have also seen considerable variation, peaking at $12,171,276 in 2014 and currently standing at $2,884,439 as of 202312. A notable strength is the consistent reporting of 0% officer compensation across all available filings, indicating a commitment to directing funds towards its mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The NTEE code being unknown also limits the ability to benchmark against similar organizations.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Construction Workers Welfare Fund 147 with a Mission Score of 75 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, Construction Workers Welfare Fund 147 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, which is highly commendable and suggests that all funds are directed towards the organization's mission and operational costs, rather than executive salaries.

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 Workers Welfare Fund 147's IRS 990 filings:

Significant historical revenue and expense volatility
Operating deficits in multiple past years (e.g., 2014-2019)
Unknown NTEE code, hindering peer comparison and mission clarity

Strengths

The following positive indicators were identified for Construction Workers Welfare Fund 147:

Consistent 0% officer compensation across all filings
Positive net income in the latest two reporting periods (202212 and 202312)
Substantial reduction in liabilities from previous highs

Frequently Asked Questions about Construction Workers Welfare Fund 147

What caused the significant fluctuations in revenue and expenses, particularly the large decreases from 2015 to 2020?

The provided data shows a substantial drop in revenue from $16,735,857 in 2014 to $582,534 in 2020, and a corresponding decrease in expenses. Understanding the underlying reasons for these dramatic shifts would provide crucial insight into the organization's stability and operational strategy.

What are the specific programs and activities funded by the Construction Workers Welfare Fund?

Without an NTEE code or detailed program expense breakdown, it's difficult to ascertain the exact nature of the welfare services provided to construction workers. More information on program specifics would clarify the organization's impact.

How does the organization manage its liabilities, which have varied significantly over time?

Liabilities peaked at $2,184,157 in 2014 and have since decreased to $7,878 in 2023. Understanding the nature of these liabilities and the strategy for their management is important for assessing financial risk.

Filing History

IRS 990 filing history for Construction Workers Welfare Fund 147 showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Construction Workers Welfare Fund 147's revenue has declined by 90.4%, moving from $28.3M to $2.7M. Total assets decreased by 85.4% over the same period, from $19.7M to $2.9M. Total functional expenses fell by 91%, from $23.0M to $2.1M. In its most recent filing year (2023), Construction Workers Welfare Fund 147 reported a surplus of $656K, with revenue exceeding expenses. The organization holds $8K in liabilities against $2.9M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $2.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.7M	$2.1M	$2.9M	$8K	—	—
2022	$1.7M	$963K	$2.2M	$11K	—	—
2021	$554K	$611K	$1.6M	$6K	—	View 990
2020	$583K	$465K	$1.7M	$6K	—	—
2019	$578K	$607K	$1.5M	$6K	—	View 990
2018	$2.4M	$3.0M	$1.8M	$273K	—	View 990
2017	$7.6M	$8.1M	$2.9M	$751K	—	View 990
2016	$11.3M	$15.8M	$3.6M	$934K	—	View 990
2015	$16.2M	$18.7M	$9.4M	$2.1M	—	View 990
2014	$16.7M	$17.8M	$12.2M	$2.2M	—	View 990
2013	$16.4M	$23.7M	$12.0M	$1.2M	—	View 990
2012	$28.6M	$26.7M	$20.1M	$2.0M	—	View 990
2011	$28.3M	$23.0M	$19.7M	$3.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.7M, expenses of $2.1M, and assets of $2.9M (revenue +57.1% year-over-year).
2022: Revenue of $1.7M, expenses of $963K, and assets of $2.2M (revenue +211.8% year-over-year).
2021: Revenue of $554K, expenses of $611K, and assets of $1.6M (revenue -4.8% year-over-year).
2020: Revenue of $583K, expenses of $465K, and assets of $1.7M (revenue +0.7% year-over-year).
2019: Revenue of $578K, expenses of $607K, and assets of $1.5M (revenue -75.5% year-over-year).
2018: Revenue of $2.4M, expenses of $3.0M, and assets of $1.8M (revenue -68.9% year-over-year).
2017: Revenue of $7.6M, expenses of $8.1M, and assets of $2.9M (revenue -32.4% year-over-year).
2016: Revenue of $11.3M, expenses of $15.8M, and assets of $3.6M (revenue -30.5% year-over-year).
2015: Revenue of $16.2M, expenses of $18.7M, and assets of $9.4M (revenue -3.3% year-over-year).
2014: Revenue of $16.7M, expenses of $17.8M, and assets of $12.2M (revenue +2.1% year-over-year).
2013: Revenue of $16.4M, expenses of $23.7M, and assets of $12.0M (revenue -42.7% year-over-year).
2012: Revenue of $28.6M, expenses of $26.7M, and assets of $20.1M (revenue +1.2% year-over-year).
2011: Revenue of $28.3M, expenses of $23.0M, and assets of $19.7M.

Data Sources and Methodology

This transparency report for Construction Workers Welfare Fund 147 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.