Electrical Workers Local No 86 Insurance Fund Plan And Trust
Electrical Workers Local No 86 Insurance Fund shows consistent revenue and asset growth with no reported officer compensation.
EIN: 160778220 · Rochester, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24.5M |
| Total Expenses | $18.8M |
| Program Spending | 92% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $27.3M |
| Transparency Score | 85/100 |
Is Electrical Workers Local No 86 Insurance Fund Plan And Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Electrical Workers Local No 86 Insurance Fund Plan And Trust directs 92% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Electrical Workers Local No 86 Insurance Fund Plan And Trust
Electrical Workers Local No 86 Insurance Fund Plan And Trust (EIN: 160778220) is a nonprofit organization based in Rochester, NY. The organization reported total revenue of $24.5M and total assets of $32.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Electrical Workers Local No 86 Insurance Fund Plan And Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Electrical Workers Local No 86 Insurance Fund Plan And Trust is a large nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.4M |
| Total Expenses | $18.8M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $27.9M |
| Total Liabilities | $670K |
| Net Assets | $27.3M |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 17.8 months |
Financial Health Grade: A
In 2023, Electrical Workers Local No 86 Insurance Fund Plan And Trust reported a surplus of $1.6M with revenue exceeding expenses, holds 17.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Electrical Workers Local No 86 Insurance Fund Plan And Trust's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.6% | +15.2% | +9.3% |
| 2022 | +4.5% | -2.9% | -2.9% |
| 2021 | -1.1% | +21.6% | +13.6% |
| 2020 | +3.9% | -12.6% | +28.6% |
| 2019 | +7.0% | -4.2% | +20.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
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 Electrical Workers Local No 86 Insurance Fund Plan And Trust 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: 92%
- fundraising: 0%
According to IRS 990 filings, Electrical Workers Local No 86 Insurance Fund Plan And Trust allocates its expenses as follows: admin: 8%, programs: 92%, fundraising: 0%. With 92% 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 surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive roles are either uncompensated, compensated through a related entity not reported on the 990, or that the compensation is categorized differently within the overall expenses. This practice, if truly uncompensated, would significantly reduce administrative overhead for an organization with revenues exceeding $20 million.
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 Electrical Workers Local No 86 Insurance Fund Plan And Trust's IRS 990 filings:
- NTEE Code is Unknown, limiting classification understanding
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
- Unclear how executive leadership is compensated given 0% officer compensation reported
Strengths
The following positive indicators were identified for Electrical Workers Local No 86 Insurance Fund Plan And Trust:
- Consistent revenue growth over the past decade, from $13.29M in 2015 to $20.44M in 2023
- Strong asset base ($32.21M latest) significantly exceeding liabilities, indicating financial stability
- No reported officer compensation, potentially indicating low administrative overhead or volunteer leadership
- Expenses closely track revenue, suggesting efficient deployment of funds for its intended purpose
- Consistent IRS 990 filing history, demonstrating compliance
Frequently Asked Questions about Electrical Workers Local No 86 Insurance Fund Plan And Trust
Is Electrical Workers Local No 86 Insurance Fund Plan And Trust a legitimate charity?
Electrical Workers Local No 86 Insurance Fund Plan And Trust (EIN: 160778220) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $24.5M. 3 red flags identified. 5 strengths noted. Financial health grade: A.
How does Electrical Workers Local No 86 Insurance Fund Plan And Trust spend its money?
Electrical Workers Local No 86 Insurance Fund Plan And Trust directs 92% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Electrical Workers Local No 86 Insurance Fund Plan And Trust tax-deductible?
Electrical Workers Local No 86 Insurance Fund Plan And Trust is registered as a tax-exempt nonprofit (EIN: 160778220). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Electrical Workers Local No 86 Insurance Fund Plan And Trust CEO make?
Electrical Workers Local No 86 Insurance Fund Plan And Trust's highest-compensated officer earns $20 annually. The organization reported $24.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Electrical Workers Local No 86 Insurance Fund Plan And Trust located?
Electrical Workers Local No 86 Insurance Fund Plan And Trust is headquartered in Rochester, New York and files with the IRS under EIN 160778220.
How many years of IRS 990 filings does Electrical Workers Local No 86 Insurance Fund Plan And Trust have?
Electrical Workers Local No 86 Insurance Fund Plan And Trust 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 $24.5M in total revenue.
What is the specific breakdown of program service expenses versus administrative expenses?
The provided data only gives total expenses. A detailed breakdown is needed to fully assess the proportion of funds directly supporting the insurance plan's beneficiaries versus overhead.
How are executive or leadership roles compensated if 'Officer Comp' is consistently 0%?
The consistent 0% officer compensation suggests that leadership may be volunteer-based, compensated by a related entity, or that compensation is embedded within other expense categories, which warrants further clarification for transparency.
What is the NTEE code for this organization?
The NTEE code is listed as 'Unknown'. Identifying this code would provide clarity on the organization's specific classification and mission within the nonprofit sector.
What are the primary types of benefits or insurance services provided by the fund?
The data indicates it's an 'Insurance Fund Plan and Trust' but does not specify the types of insurance or benefits offered, which is crucial for understanding its programmatic impact.
Filing History
IRS 990 filing history for Electrical Workers Local No 86 Insurance Fund Plan And Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Electrical Workers Local No 86 Insurance Fund Plan And Trust's revenue has grown by 67.7%, moving from $12.2M to $20.4M. Total assets increased by 277.7% over the same period, from $7.4M to $27.9M. Total functional expenses rose by 72.9%, from $10.9M to $18.8M. In its most recent filing year (2023), Electrical Workers Local No 86 Insurance Fund Plan And Trust reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $670K in liabilities against $27.9M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $27.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.4M | $18.8M | $27.9M | $670K | — | View 990 |
| 2022 | $19.4M | $16.3M | $25.5M | $469K | — | View 990 |
| 2021 | $18.5M | $16.8M | $26.3M | $1.1M | — | — |
| 2020 | $18.7M | $13.8M | $23.2M | $676K | — | — |
| 2019 | $18.0M | $15.8M | $18.0M | $492K | — | View 990 |
| 2018 | $16.8M | $16.5M | $14.9M | $523K | — | View 990 |
| 2017 | $15.4M | $15.8M | $15.3M | $660K | — | — |
| 2016 | $14.9M | $13.2M | $14.9M | $370K | — | View 990 |
| 2015 | $13.3M | $12.5M | $13.1M | $562K | — | View 990 |
| 2014 | $14.6M | $12.3M | $12.0M | $180K | — | View 990 |
| 2013 | $13.2M | $12.5M | $10.4M | $629K | — | View 990 |
| 2012 | $12.5M | $10.9M | $9.4M | $626K | — | View 990 |
| 2011 | $12.2M | $10.9M | $7.4M | $343K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.4M, expenses of $18.8M, and assets of $27.9M (revenue +5.6% year-over-year).
- 2022: Revenue of $19.4M, expenses of $16.3M, and assets of $25.5M (revenue +4.5% year-over-year).
- 2021: Revenue of $18.5M, expenses of $16.8M, and assets of $26.3M (revenue -1.1% year-over-year).
- 2020: Revenue of $18.7M, expenses of $13.8M, and assets of $23.2M (revenue +3.9% year-over-year).
- 2019: Revenue of $18.0M, expenses of $15.8M, and assets of $18.0M (revenue +7.0% year-over-year).
- 2018: Revenue of $16.8M, expenses of $16.5M, and assets of $14.9M (revenue +9.1% year-over-year).
- 2017: Revenue of $15.4M, expenses of $15.8M, and assets of $15.3M (revenue +3.3% year-over-year).
- 2016: Revenue of $14.9M, expenses of $13.2M, and assets of $14.9M (revenue +12.4% year-over-year).
- 2015: Revenue of $13.3M, expenses of $12.5M, and assets of $13.1M (revenue -9.1% year-over-year).
- 2014: Revenue of $14.6M, expenses of $12.3M, and assets of $12.0M (revenue +10.5% year-over-year).
- 2013: Revenue of $13.2M, expenses of $12.5M, and assets of $10.4M (revenue +5.7% year-over-year).
- 2012: Revenue of $12.5M, expenses of $10.9M, and assets of $9.4M (revenue +2.6% year-over-year).
- 2011: Revenue of $12.2M, expenses of $10.9M, and assets of $7.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Electrical Workers Local No 86 Insurance Fund Plan And Trust:
Data Sources and Methodology
This transparency report for Electrical Workers Local No 86 Insurance Fund Plan And Trust 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.