Excavators Union 731 Welfare Fund
Excavators Union 731 Welfare Fund shows strong financial growth with over $1.1 billion in assets and no reported officer compensation.
EIN: 131615440 · Astoria, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $741.5M |
| Total Expenses | $203.6M |
| Program Spending | 90% |
| Net Assets | $925.1M |
| Transparency Score | 90/100 |
Is Excavators Union 731 Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Excavators Union 731 Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Excavators Union 731 Welfare Fund
Excavators Union 731 Welfare Fund (EIN: 131615440) is a nonprofit organization based in Astoria, NY. The organization reported total revenue of $741.5M and total assets of $1.1B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Excavators Union 731 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Excavators Union 731 Welfare Fund is a major nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $317.8M |
| Total Expenses | $203.6M |
| Surplus / Deficit | +$114.2M |
| Total Assets | $931.0M |
| Total Liabilities | $6.0M |
| Net Assets | $925.1M |
| Operating Margin | 35.9% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 54.9 months |
Financial Health Grade: A
In 2023, Excavators Union 731 Welfare Fund reported a surplus of $114.2M with revenue exceeding expenses, holds 54.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Excavators Union 731 Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +114.4% | +4.9% | +21.9% |
| 2022 | -44.2% | +8.2% | -10.7% |
| 2021 | +8.6% | +16.0% | +17.2% |
| 2020 | -4.7% | -10.7% | +22.8% |
| 2019 | +16.2% | +12.7% | +31.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1951 |
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 Excavators Union 731 Welfare Fund with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Excavators Union 731 Welfare Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $114.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size and asset base.
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 Excavators Union 731 Welfare Fund's IRS 990 filings:
- No specific breakdown of program, administrative, and fundraising expenses provided in summary data, making detailed efficiency analysis difficult.
- The NTEE code is unknown, which limits understanding of its specific programmatic focus and peer comparison.
Strengths
The following positive indicators were identified for Excavators Union 731 Welfare Fund:
- Consistent and significant asset growth, reaching over $1.1 billion.
- Strong revenue generation, with the latest reported revenue at $741,494,925.
- Zero reported officer compensation across all filing periods, indicating a strong commitment to resource allocation for beneficiaries.
- Positive net income trends in most years, demonstrating financial sustainability.
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Excavators Union 731 Welfare Fund
Is Excavators Union 731 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Excavators Union 731 Welfare Fund (EIN: 131615440) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Excavators Union 731 Welfare Fund spend its money?
Excavators Union 731 Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Excavators Union 731 Welfare Fund tax-deductible?
Excavators Union 731 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 131615440). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Excavators Union 731 Welfare Fund located?
Excavators Union 731 Welfare Fund is headquartered in Astoria, New York and files with the IRS under EIN 131615440.
How many years of IRS 990 filings does Excavators Union 731 Welfare Fund have?
Excavators Union 731 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 $741.5M in total revenue.
Is Excavators Union 731 Welfare Fund a good charity?
Based on the provided financial data, the fund appears to be very well-managed financially, with consistent asset growth, strong revenue generation, and no reported officer compensation. This suggests a high degree of financial efficiency and a focus on its stated purpose.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $262,553,457 in 2014 to $1,112,965,398 currently. Revenue has also seen substantial increases, particularly in recent years, indicating robust financial growth.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all available filings, suggesting that executives either volunteer their time or are compensated through other means not reported on the 990, which is a strong indicator of resource allocation towards the fund's beneficiaries.
Filing History
IRS 990 filing history for Excavators Union 731 Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Excavators Union 731 Welfare Fund's revenue has grown by 215.4%, moving from $100.8M to $317.8M. Total assets increased by 442.2% over the same period, from $171.7M to $931.0M. Total functional expenses rose by 130.1%, from $88.5M to $203.6M. In its most recent filing year (2023), Excavators Union 731 Welfare Fund reported a surplus of $114.2M, with revenue exceeding expenses. The organization holds $6.0M in liabilities against $931.0M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $925.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $317.8M | $203.6M | $931.0M | $6.0M | — | — |
| 2022 | $148.2M | $194.2M | $763.6M | $5.7M | — | — |
| 2021 | $265.7M | $179.4M | $855.2M | $5.7M | — | View 990 |
| 2020 | $244.7M | $154.7M | $729.9M | $5.9M | — | View 990 |
| 2019 | $256.8M | $173.3M | $594.6M | $6.7M | — | View 990 |
| 2018 | $221.1M | $153.7M | $453.8M | $1.5M | — | View 990 |
| 2017 | $192.9M | $131.1M | $422.1M | $5.1M | — | — |
| 2016 | $164.1M | $129.1M | $336.4M | $4.4M | — | View 990 |
| 2015 | $143.4M | $115.7M | $290.2M | $4.7M | — | View 990 |
| 2014 | $149.7M | $104.6M | $262.6M | $402K | — | View 990 |
| 2013 | $130.2M | $99.3M | $232.1M | $321K | — | View 990 |
| 2012 | $110.8M | $92.0M | $195.7M | $281K | — | View 990 |
| 2011 | $100.8M | $88.5M | $171.7M | $269K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $317.8M, expenses of $203.6M, and assets of $931.0M (revenue +114.4% year-over-year).
- 2022: Revenue of $148.2M, expenses of $194.2M, and assets of $763.6M (revenue -44.2% year-over-year).
- 2021: Revenue of $265.7M, expenses of $179.4M, and assets of $855.2M (revenue +8.6% year-over-year).
- 2020: Revenue of $244.7M, expenses of $154.7M, and assets of $729.9M (revenue -4.7% year-over-year).
- 2019: Revenue of $256.8M, expenses of $173.3M, and assets of $594.6M (revenue +16.2% year-over-year).
- 2018: Revenue of $221.1M, expenses of $153.7M, and assets of $453.8M (revenue +14.7% year-over-year).
- 2017: Revenue of $192.9M, expenses of $131.1M, and assets of $422.1M (revenue +17.6% year-over-year).
- 2016: Revenue of $164.1M, expenses of $129.1M, and assets of $336.4M (revenue +14.4% year-over-year).
- 2015: Revenue of $143.4M, expenses of $115.7M, and assets of $290.2M (revenue -4.2% year-over-year).
- 2014: Revenue of $149.7M, expenses of $104.6M, and assets of $262.6M (revenue +15.0% year-over-year).
- 2013: Revenue of $130.2M, expenses of $99.3M, and assets of $232.1M (revenue +17.5% year-over-year).
- 2012: Revenue of $110.8M, expenses of $92.0M, and assets of $195.7M (revenue +10.0% year-over-year).
- 2011: Revenue of $100.8M, expenses of $88.5M, and assets of $171.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Excavators Union 731 Welfare Fund:
Data Sources and Methodology
This transparency report for Excavators Union 731 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.