Insulators Local 37 Jt Apprenticeship & Training Fund
EIN: 272790409 · Evansville, IN · NTEE: J22
| Metric | Value |
|---|---|
| Total Revenue | $460K |
| Total Expenses | $328K |
| Net Assets | $158K |
Is Insulators Local 37 Jt Apprenticeship & Training Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Insulators Local 37 Jt Apprenticeship & Training Fund
Insulators Local 37 Jt Apprenticeship & Training Fund (EIN: 272790409) is a nonprofit organization based in Evansville, IN, classified under NTEE code J22. The organization reported total revenue of $460K and total assets of $193K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Insulators Local 37 Jt Apprenticeship & Training Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Insulators Local 37 Jt Apprenticeship & Training Fund is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $239K |
| Total Expenses | $328K |
| Surplus / Deficit | $-89,485 |
| Total Assets | $162K |
| Total Liabilities | $5K |
| Net Assets | $158K |
| Operating Margin | -37.5% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 5.9 months |
Financial Health Grade: B
In 2023, Insulators Local 37 Jt Apprenticeship & Training Fund reported a deficit of $89K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Insulators Local 37 Jt Apprenticeship & Training Fund's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.1% | +40.8% | -42.7% |
| 2022 | -20.4% | -35.5% | +14.6% |
| 2021 | -5.3% | -7.0% | -22.9% |
| 2020 | -4.2% | +0.8% | -19.4% |
| 2019 | -20.3% | -19.3% | -14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Insulators Local 37 Jt Apprenticeship & Training Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Insulators Local 37 Jt Apprenticeship & Training Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $89K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.8%.
Frequently Asked Questions about Insulators Local 37 Jt Apprenticeship & Training Fund
Is Insulators Local 37 Jt Apprenticeship & Training Fund a legitimate charity?
Insulators Local 37 Jt Apprenticeship & Training Fund (EIN: 272790409) is a registered tax-exempt nonprofit based in Indiana. It has 13 years of IRS 990 filings on record. Total revenue: $460K. No red flags identified. Financial health grade: B.
How does Insulators Local 37 Jt Apprenticeship & Training Fund spend its money?
Insulators Local 37 Jt Apprenticeship & Training Fund reported $460K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Insulators Local 37 Jt Apprenticeship & Training Fund tax-deductible?
Insulators Local 37 Jt Apprenticeship & Training Fund is registered as a tax-exempt nonprofit (EIN: 272790409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Insulators Local 37 Jt Apprenticeship & Training Fund located?
Insulators Local 37 Jt Apprenticeship & Training Fund is headquartered in Evansville, Indiana and files with the IRS under EIN 272790409. It is classified under NTEE code J22.
How many years of IRS 990 filings does Insulators Local 37 Jt Apprenticeship & Training Fund have?
Insulators Local 37 Jt Apprenticeship & Training 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 $460K in total revenue.
Filing History
IRS 990 filing history for Insulators Local 37 Jt Apprenticeship & Training Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Insulators Local 37 Jt Apprenticeship & Training Fund's revenue has declined by 49.2%, moving from $470K to $239K. Total assets decreased by 47% over the same period, from $306K to $162K. Total functional expenses rose by 4.1%, from $315K to $328K. In its most recent filing year (2023), Insulators Local 37 Jt Apprenticeship & Training Fund reported a deficit of $89K, with expenses exceeding revenue. The organization holds $5K in liabilities against $162K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $158K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $239K | $328K | $162K | $5K | — | — |
| 2022 | $234K | $233K | $283K | $36K | — | View 990 |
| 2021 | $294K | $361K | $247K | $549 | — | View 990 |
| 2020 | $310K | $389K | $320K | $5K | — | — |
| 2019 | $324K | $386K | $397K | $5K | — | View 990 |
| 2018 | $407K | $478K | $463K | $9K | — | View 990 |
| 2017 | $402K | $375K | $538K | $12K | — | View 990 |
| 2016 | $414K | $375K | $515K | $17K | — | View 990 |
| 2015 | $339K | $316K | $493K | $34K | — | View 990 |
| 2014 | $358K | $328K | $454K | $18K | — | View 990 |
| 2013 | $340K | $371K | $410K | $4K | — | View 990 |
| 2012 | $476K | $341K | $439K | $3K | — | View 990 |
| 2011 | $470K | $315K | $306K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $239K, expenses of $328K, and assets of $162K (revenue +2.1% year-over-year).
- 2022: Revenue of $234K, expenses of $233K, and assets of $283K (revenue -20.4% year-over-year).
- 2021: Revenue of $294K, expenses of $361K, and assets of $247K (revenue -5.3% year-over-year).
- 2020: Revenue of $310K, expenses of $389K, and assets of $320K (revenue -4.2% year-over-year).
- 2019: Revenue of $324K, expenses of $386K, and assets of $397K (revenue -20.3% year-over-year).
- 2018: Revenue of $407K, expenses of $478K, and assets of $463K (revenue +1.2% year-over-year).
- 2017: Revenue of $402K, expenses of $375K, and assets of $538K (revenue -2.9% year-over-year).
- 2016: Revenue of $414K, expenses of $375K, and assets of $515K (revenue +22.1% year-over-year).
- 2015: Revenue of $339K, expenses of $316K, and assets of $493K (revenue -5.2% year-over-year).
- 2014: Revenue of $358K, expenses of $328K, and assets of $454K (revenue +5.2% year-over-year).
- 2013: Revenue of $340K, expenses of $371K, and assets of $410K (revenue -28.5% year-over-year).
- 2012: Revenue of $476K, expenses of $341K, and assets of $439K (revenue +1.3% year-over-year).
- 2011: Revenue of $470K, expenses of $315K, and assets of $306K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Insulators Local 37 Jt Apprenticeship & Training Fund:
Data Sources and Methodology
This transparency report for Insulators Local 37 Jt Apprenticeship & Training 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.