Ilwu Local 142 Veba Tr
Ilwu Local 142 Veba Tr consistently grows assets with zero reported officer compensation.
EIN: 202142939 · Honolulu, HI · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $138K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $6.1M |
| Transparency Score | 85/100 |
Is Ilwu Local 142 Veba Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ilwu Local 142 Veba Tr directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ilwu Local 142 Veba Tr
Ilwu Local 142 Veba Tr (EIN: 202142939) is a nonprofit organization based in Honolulu, HI, classified under NTEE code Y43. The organization reported total revenue of $5.7M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ilwu Local 142 Veba Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ilwu Local 142 Veba Tr is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $428K |
| Total Expenses | $138K |
| Surplus / Deficit | +$290K |
| Total Assets | $6.1M |
| Total Liabilities | $6K |
| Net Assets | $6.1M |
| Operating Margin | 67.7% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 530.3 months |
Financial Health Grade: A
In 2023, Ilwu Local 142 Veba Tr reported a surplus of $290K with revenue exceeding expenses, holds 530.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ilwu Local 142 Veba Tr's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.5% | -21.7% | +0.7% |
| 2022 | -12.6% | -10.5% | +5.5% |
| 2021 | -12.4% | -0.4% | +6.9% |
| 2020 | +15.3% | -10.7% | +7.9% |
| 2019 | +18.7% | -1.8% | +7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Ilwu Local 142 Veba Tr 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Ilwu Local 142 Veba Tr allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $290K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a highly efficient use of funds in terms of leadership costs, especially for an organization with assets exceeding $6 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 Ilwu Local 142 Veba Tr's IRS 990 filings:
- Lack of detailed expense breakdown in public filings for program vs. administrative costs, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Ilwu Local 142 Veba Tr:
- Consistent asset growth over the past decade, from $3,343,635 in 2014 to $6,097,199 in 2023.
- Zero reported officer compensation across all filings, indicating excellent financial stewardship regarding executive pay.
- Revenue consistently exceeds expenses, leading to healthy financial surpluses.
- Stable financial position with positive net assets.
Frequently Asked Questions about Ilwu Local 142 Veba Tr
Is Ilwu Local 142 Veba Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Ilwu Local 142 Veba Tr (EIN: 202142939) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Ilwu Local 142 Veba Tr spend its money?
Ilwu Local 142 Veba Tr directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ilwu Local 142 Veba Tr tax-deductible?
Ilwu Local 142 Veba Tr is registered as a tax-exempt nonprofit (EIN: 202142939). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ilwu Local 142 Veba Tr CEO make?
Ilwu Local 142 Veba Tr's highest-compensated officer earns $6 annually. The organization reported $5.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Ilwu Local 142 Veba Tr compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ilwu Local 142 Veba Tr is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ilwu Local 142 Veba Tr located?
Ilwu Local 142 Veba Tr is headquartered in Honolulu, Hawaii and files with the IRS under EIN 202142939. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Ilwu Local 142 Veba Tr have?
Ilwu Local 142 Veba Tr 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 $5.7M in total revenue.
What are the primary expenses of Ilwu Local 142 Veba Tr?
Given its nature as a VEBA trust, the primary expenses are likely benefit payments to members and the administrative costs associated with managing those benefits. The filings show total expenses ranging from $81,897 in 2014 to $197,697 in 2020, and $137,965 in 2023.
How does Ilwu Local 142 Veba Tr generate its revenue?
As a VEBA trust, revenue typically comes from employer contributions, investment income, and potentially member contributions, all intended to fund employee benefits. The latest reported revenue is $5,739,796, with annual revenues consistently in the range of $386,208 to $657,582 in the past decade.
Is the organization financially stable?
Yes, the organization appears financially stable. It has consistently maintained a surplus of revenue over expenses and has shown steady asset growth from $3,343,635 in 2014 to $6,097,199 in 2023, indicating sound financial management.
Filing History
IRS 990 filing history for Ilwu Local 142 Veba Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ilwu Local 142 Veba Tr's revenue has grown by 10.2%, moving from $388K to $428K. Total assets increased by 147% over the same period, from $2.5M to $6.1M. Total functional expenses rose by 55%, from $89K to $138K. In its most recent filing year (2023), Ilwu Local 142 Veba Tr reported a surplus of $290K, with revenue exceeding expenses. The organization holds $6K in liabilities against $6.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $428K | $138K | $6.1M | $6K | — | — |
| 2022 | $494K | $176K | $6.1M | $0 | — | View 990 |
| 2021 | $565K | $197K | $5.7M | $0 | — | View 990 |
| 2020 | $645K | $198K | $5.4M | $0 | — | View 990 |
| 2019 | $560K | $221K | $5.0M | $8K | — | — |
| 2018 | $471K | $225K | $4.6M | $8K | — | View 990 |
| 2017 | $658K | $289K | $4.3M | $7K | — | — |
| 2016 | $535K | $200K | $4.0M | $13K | — | View 990 |
| 2015 | $403K | $92K | $3.6M | $7K | — | View 990 |
| 2014 | $386K | $82K | $3.3M | $6K | — | View 990 |
| 2013 | $387K | $92K | $3.0M | $10K | — | View 990 |
| 2012 | $406K | $105K | $2.8M | $7K | — | View 990 |
| 2011 | $388K | $89K | $2.5M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $428K, expenses of $138K, and assets of $6.1M (revenue -13.5% year-over-year).
- 2022: Revenue of $494K, expenses of $176K, and assets of $6.1M (revenue -12.6% year-over-year).
- 2021: Revenue of $565K, expenses of $197K, and assets of $5.7M (revenue -12.4% year-over-year).
- 2020: Revenue of $645K, expenses of $198K, and assets of $5.4M (revenue +15.3% year-over-year).
- 2019: Revenue of $560K, expenses of $221K, and assets of $5.0M (revenue +18.7% year-over-year).
- 2018: Revenue of $471K, expenses of $225K, and assets of $4.6M (revenue -28.3% year-over-year).
- 2017: Revenue of $658K, expenses of $289K, and assets of $4.3M (revenue +22.9% year-over-year).
- 2016: Revenue of $535K, expenses of $200K, and assets of $4.0M (revenue +32.8% year-over-year).
- 2015: Revenue of $403K, expenses of $92K, and assets of $3.6M (revenue +4.3% year-over-year).
- 2014: Revenue of $386K, expenses of $82K, and assets of $3.3M (revenue -0.1% year-over-year).
- 2013: Revenue of $387K, expenses of $92K, and assets of $3.0M (revenue -4.8% year-over-year).
- 2012: Revenue of $406K, expenses of $105K, and assets of $2.8M (revenue +4.6% year-over-year).
- 2011: Revenue of $388K, expenses of $89K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ilwu Local 142 Veba Tr:
Data Sources and Methodology
This transparency report for Ilwu Local 142 Veba Tr 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.