I B E W Local 237 Welfare Fund

IBEW Local 237 Welfare Fund shows consistent revenue and asset growth with zero officer compensation.

EIN: 160834222 · Niagara Falls, NY · Updated: 2026-03-28

$13.3MRevenue

$13.7MAssets

85/100Mission Score (Excellent)

About I B E W Local 237 Welfare Fund

I B E W Local 237 Welfare Fund (EIN: 160834222) is a nonprofit organization based in Niagara Falls, NY. The organization reported total revenue of $13.3M and total assets of $13.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of I B E W Local 237 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The I B E W Local 237 Welfare Fund demonstrates consistent financial growth and appears to be fiscally sound. Over the past five years, revenue has steadily increased from $3,667,267 in 2020 to $6,534,616 in 2023, indicating a healthy upward trend in financial inflows. Assets have also shown robust growth, nearly doubling from $7,005,926 in 2018 to $12,139,178 in 2023, suggesting effective asset management and accumulation. The organization consistently reports zero officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, as the provided data only includes total expenses. However, the consistent surplus of revenue over expenses, such as $6,534,616 in revenue against $5,250,601 in expenses in 2023, indicates that the organization is operating within its means and building reserves. The low liabilities relative to assets further support a strong financial position.

Overall, the I B E W Local 237 Welfare Fund exhibits strong financial health with growing assets and revenues. The absence of officer compensation is a significant positive for transparency. Further detailed expense breakdowns would enhance the assessment of spending efficiency, but the available data points to a well-managed and financially stable entity.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates I B E W Local 237 Welfare Fund 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, I B E W Local 237 Welfare Fund 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

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of this size and suggests a volunteer-led or externally managed structure for executive functions.

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 I B E W Local 237 Welfare Fund's IRS 990 filings:

Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
NTEE Code is unknown, making it difficult to benchmark against similar organizations

Strengths

The following positive indicators were identified for I B E W Local 237 Welfare Fund:

Consistent revenue growth, from $3,667,267 in 2020 to $6,534,616 in 2023
Strong asset growth, nearly doubling from $7,005,926 in 2018 to $12,139,178 in 2023
Zero officer compensation reported across all filings, indicating high transparency and potential volunteer leadership
Low liabilities relative to assets, suggesting strong financial stability
Consistent surplus of revenue over expenses, indicating sound financial management

Frequently Asked Questions about I B E W Local 237 Welfare Fund

What specific welfare programs does the I B E W Local 237 Welfare Fund support?

The provided IRS 990 data does not detail the specific welfare programs. This information would typically be found in the organization's full 990 filing, specifically in Part III, Statement of Program Service Accomplishments.

How does the organization manage to have 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that executive functions are handled by an external entity or another related organization, with costs potentially categorized differently or absorbed elsewhere.

What is the primary source of the organization's revenue?

While the data shows total revenue, the specific sources (e.g., contributions, program service revenue, investment income) are not detailed. This information would be available in Part VIII of the full IRS Form 990.

Filing History

IRS 990 filing history for I B E W Local 237 Welfare Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), I B E W Local 237 Welfare Fund's revenue has grown by 73.8%, moving from $3.8M to $6.5M. Total assets increased by 122.4% over the same period, from $5.5M to $12.1M. Total functional expenses rose by 70.5%, from $3.1M to $5.3M. In its most recent filing year (2023), I B E W Local 237 Welfare Fund reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $217K in liabilities against $12.1M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $11.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$6.5M	$5.3M	$12.1M	$217K	—	—
2022	$5.5M	$4.6M	$9.8M	$84K	—	View 990
2021	$4.9M	$3.7M	$10.3M	$205K	—	View 990
2020	$3.7M	$3.4M	$8.8M	$117K	—	View 990
2019	$4.6M	$4.0M	$8.1M	$202K	—	View 990
2018	$4.0M	$4.1M	$7.0M	$112K	—	View 990
2017	$3.9M	$3.8M	$7.4M	$93K	—	—
2016	$4.3M	$4.1M	$7.1M	$61K	—	View 990
2015	$3.8M	$3.8M	$7.0M	$183K	—	View 990
2014	$4.7M	$3.7M	$7.2M	$114K	—	View 990
2013	$3.9M	$3.3M	$6.0M	$132K	—	View 990
2012	$3.4M	$3.3M	$5.6M	$32K	—	View 990
2011	$3.8M	$3.1M	$5.5M	$42K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $6.5M, expenses of $5.3M, and assets of $12.1M (revenue +19.4% year-over-year).
2022: Revenue of $5.5M, expenses of $4.6M, and assets of $9.8M (revenue +12.1% year-over-year).
2021: Revenue of $4.9M, expenses of $3.7M, and assets of $10.3M (revenue +33.0% year-over-year).
2020: Revenue of $3.7M, expenses of $3.4M, and assets of $8.8M (revenue -20.9% year-over-year).
2019: Revenue of $4.6M, expenses of $4.0M, and assets of $8.1M (revenue +16.2% year-over-year).
2018: Revenue of $4.0M, expenses of $4.1M, and assets of $7.0M (revenue +3.3% year-over-year).
2017: Revenue of $3.9M, expenses of $3.8M, and assets of $7.4M (revenue -10.3% year-over-year).
2016: Revenue of $4.3M, expenses of $4.1M, and assets of $7.1M (revenue +13.0% year-over-year).
2015: Revenue of $3.8M, expenses of $3.8M, and assets of $7.0M (revenue -19.9% year-over-year).
2014: Revenue of $4.7M, expenses of $3.7M, and assets of $7.2M (revenue +21.8% year-over-year).
2013: Revenue of $3.9M, expenses of $3.3M, and assets of $6.0M (revenue +14.6% year-over-year).
2012: Revenue of $3.4M, expenses of $3.3M, and assets of $5.6M (revenue -9.5% year-over-year).
2011: Revenue of $3.8M, expenses of $3.1M, and assets of $5.5M.

Data Sources and Methodology

This transparency report for I B E W Local 237 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.