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
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Derrickmens Welfare Fund Local 197 is mapped to EIN 136121369.
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| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $5.7M |
| Program Spending | 80% |
| Net Assets | $3.8M |
| Transparency Score | 65/100 |
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Derrickmens Welfare Fund Local 197 Form 990, Revenue, CEO Pay, and IRS Filing Signals
Derrickmens Welfare Fund Local 197 is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Derrickmens Welfare Fund Local 197 in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $5.0M and expenses of $5.7M.
Revenue and Expenses
Derrickmens Welfare Fund Local 197 reported $5.0M in revenue and $5.7M in expenses, a deficit of $686K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Derrickmens Welfare Fund Local 197 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Expense Deployment
| Program services | $4.6M (80%) |
Across stored filings, Derrickmens Welfare Fund Local 197 shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
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Derrickmens Welfare Fund Local 197 directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Derrickmens Welfare Fund Local 197 is a mid-size nonprofit that has been operating for 72 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $5.7M |
| Surplus / Deficit | $-686,005 |
| Total Assets | $4.7M |
| Total Liabilities | $952K |
| Net Assets | $3.8M |
| Operating Margin | -13.6% |
| Debt-to-Asset Ratio | 20.1% |
| Months of Reserves | 9.9 months |
Financial Health Grade: B
In 2023, Derrickmens Welfare Fund Local 197 reported a deficit of $686K with expenses exceeding revenue, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 20.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Derrickmens Welfare Fund Local 197's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.1% | +40.3% | -2.2% |
| 2022 | -22.7% | -19.9% | -18.3% |
| 2021 | +4.1% | -1.8% | -6.6% |
| 2020 | -35.9% | -16.5% | -8.4% |
| 2019 | +25.3% | +25.7% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1954 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $686K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.1%.
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
Is Derrickmens Welfare Fund Local 197 a legitimate charity?
Derrickmens Welfare Fund Local 197 (EIN: 136121369) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.8M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Derrickmens Welfare Fund Local 197 spend its money?
Derrickmens Welfare Fund Local 197 directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Derrickmens Welfare Fund Local 197 tax-deductible?
Derrickmens Welfare Fund Local 197 is registered as a tax-exempt nonprofit (EIN: 136121369). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Derrickmens Welfare Fund Local 197's spending goes to programs?
Derrickmens Welfare Fund Local 197 directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Derrickmens Welfare Fund Local 197 located?
Derrickmens Welfare Fund Local 197 is headquartered in New York City, New York and files with the IRS under EIN 136121369.
How many years of IRS 990 filings does Derrickmens Welfare Fund Local 197 have?
Derrickmens Welfare Fund Local 197 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 $4.8M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Derrickmens Welfare Fund Local 197:
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.