Derrickmens Welfare Fund Local 197

Derrickmens Welfare Fund Local 197 frequently spends more than it earns, maintaining assets despite operational deficits.

EIN: 136121369 · New York City, NY · Updated: 2026-03-28

$4.8MRevenue

$3.7MAssets

65/100Mission Score (Good)

About Derrickmens Welfare Fund Local 197

Derrickmens Welfare Fund Local 197 (EIN: 136121369) is a nonprofit organization based in New York City, NY. The organization reported total revenue of $4.8M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Derrickmens Welfare Fund Local 197's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Derrickmens Welfare Fund Local 197 demonstrates a consistent operational pattern, with revenues and expenses fluctuating but generally in the multi-million dollar range. Over the past five years, the organization has frequently operated with expenses exceeding revenue, as seen in 2023 ($5,720,772 expenses vs. $5,034,767 revenue) and 2022 ($4,078,216 expenses vs. $3,594,277 revenue). This trend of deficit spending could indicate reliance on prior year surpluses or asset drawdowns, though assets have remained robust, currently at $4,727,261. The organization's consistent filing of IRS Form 990s indicates a commitment to regulatory transparency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The absence of reported officer compensation is a notable financial characteristic.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Derrickmens Welfare Fund Local 197 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Derrickmens Welfare Fund Local 197 allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting that its leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which is unusual for an organization of its size with multi-million dollar revenues and expenses.

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 Derrickmens Welfare Fund Local 197's IRS 990 filings:

Frequent operational deficits (expenses exceeding revenue), as seen in 2023 and 2022.
Consistent 0% officer compensation, which is atypical for an organization of this financial scale.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.

Strengths

The following positive indicators were identified for Derrickmens Welfare Fund Local 197:

Consistent IRS 990 filing history, indicating regulatory compliance and transparency.
Maintains substantial assets ($4,727,261 in 2023) despite operational deficits.
No reported officer compensation, potentially indicating a high degree of volunteerism at the leadership level.

Frequently Asked Questions about Derrickmens Welfare Fund Local 197

How does Derrickmens Welfare Fund Local 197 cover its operational deficits?

The organization frequently reports expenses exceeding revenue, such as in 2023 where expenses were $5,720,772 against revenues of $5,034,767. This suggests they may be drawing from accumulated assets or other reserves to cover the difference, as total assets have remained substantial, at $4,727,261 in 2023.

What is the nature of the organization's liabilities?

Liabilities have fluctuated over the years, reaching $952,355 in 2023. Without further detail from the 990, it's difficult to ascertain the specific nature (e.g., payables, deferred revenue, debt) of these liabilities.

Why is officer compensation consistently reported as 0%?

The consistent reporting of 0% officer compensation across all filings is unusual for an organization managing millions in revenue and expenses. This could mean that officers are volunteers, compensated through a related entity, or their compensation is categorized differently within the 990.

Filing History

IRS 990 filing history for Derrickmens Welfare Fund Local 197 showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Derrickmens Welfare Fund Local 197's revenue has grown by 96.6%, moving from $2.6M to $5.0M. Total assets increased by 218.1% over the same period, from $1.5M to $4.7M. Total functional expenses rose by 80.4%, from $3.2M to $5.7M. In its most recent filing year (2023), Derrickmens Welfare Fund Local 197 reported a deficit of $686K, with expenses exceeding revenue. The organization holds $952K in liabilities against $4.7M in assets (debt-to-asset ratio: 20.1%), resulting in net assets of $3.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$5.0M	$5.7M	$4.7M	$952K	—	—
2022	$3.6M	$4.1M	$4.8M	$597K	—	—
2021	$4.6M	$5.1M	$5.9M	$512K	—	View 990
2020	$4.5M	$5.2M	$6.3M	$731K	—	—
2019	$7.0M	$6.2M	$6.9M	$828K	—	View 990
2018	$5.6M	$4.9M	$6.0M	$907K	—	View 990
2017	$3.7M	$3.7M	$5.0M	$441K	—	View 990
2016	$4.4M	$3.9M	$5.1M	$641K	—	View 990
2015	$3.8M	$3.2M	$4.4M	$462K	—	View 990
2014	$3.9M	$2.9M	$3.7M	$374K	—	View 990
2013	$3.2M	$2.4M	$2.8M	$383K	—	View 990
2012	$2.8M	$2.2M	$1.9M	$330K	—	View 990
2011	$2.6M	$3.2M	$1.5M	$555K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $5.0M, expenses of $5.7M, and assets of $4.7M (revenue +40.1% year-over-year).
2022: Revenue of $3.6M, expenses of $4.1M, and assets of $4.8M (revenue -22.7% year-over-year).
2021: Revenue of $4.6M, expenses of $5.1M, and assets of $5.9M (revenue +4.1% year-over-year).
2020: Revenue of $4.5M, expenses of $5.2M, and assets of $6.3M (revenue -35.9% year-over-year).
2019: Revenue of $7.0M, expenses of $6.2M, and assets of $6.9M (revenue +25.3% year-over-year).
2018: Revenue of $5.6M, expenses of $4.9M, and assets of $6.0M (revenue +50.6% year-over-year).
2017: Revenue of $3.7M, expenses of $3.7M, and assets of $5.0M (revenue -16.1% year-over-year).
2016: Revenue of $4.4M, expenses of $3.9M, and assets of $5.1M (revenue +15.6% year-over-year).
2015: Revenue of $3.8M, expenses of $3.2M, and assets of $4.4M (revenue -1.2% year-over-year).
2014: Revenue of $3.9M, expenses of $2.9M, and assets of $3.7M (revenue +21.1% year-over-year).
2013: Revenue of $3.2M, expenses of $2.4M, and assets of $2.8M (revenue +12.3% year-over-year).
2012: Revenue of $2.8M, expenses of $2.2M, and assets of $1.9M (revenue +10.7% year-over-year).
2011: Revenue of $2.6M, expenses of $3.2M, and assets of $1.5M.

Data Sources and Methodology

This transparency report for Derrickmens Welfare Fund Local 197 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.