Insulators Local 41 Retireeinsurance Fund
Insulators Local 41 Retireeinsurance Fund maintains strong asset base with no officer compensation.
EIN: 204957423 · Fort Wayne, IN · NTEE: Y44 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $502K |
| Total Expenses | $286K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $949K |
| Transparency Score | 85/100 |
Is Insulators Local 41 Retireeinsurance Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Insulators Local 41 Retireeinsurance Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Insulators Local 41 Retireeinsurance Fund
Insulators Local 41 Retireeinsurance Fund (EIN: 204957423) is a nonprofit organization based in Fort Wayne, IN, classified under NTEE code Y44. The organization reported total revenue of $502K and total assets of $940K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Insulators Local 41 Retireeinsurance Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Insulators Local 41 Retireeinsurance Fund is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $283K |
| Total Expenses | $286K |
| Surplus / Deficit | $-3,865 |
| Total Assets | $951K |
| Total Liabilities | $2K |
| Net Assets | $949K |
| Operating Margin | -1.4% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 39.8 months |
Financial Health Grade: B
In 2023, Insulators Local 41 Retireeinsurance Fund reported a deficit of $4K with expenses exceeding revenue, holds 39.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Insulators Local 41 Retireeinsurance Fund's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.4% | +4.9% | +0.9% |
| 2022 | -8.0% | +3.8% | -9.5% |
| 2021 | -47.8% | -7.0% | +9.1% |
| 2020 | +56.3% | +34.3% | +42.6% |
| 2019 | +50.5% | -7.8% | +32.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Insulators Local 41 Retireeinsurance 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: 90%
- fundraising: 0%
According to IRS 990 filings, Insulators Local 41 Retireeinsurance 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 deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly efficient for an organization of its size with assets nearing $1 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 Insulators Local 41 Retireeinsurance Fund's IRS 990 filings:
- Lack of detailed expense breakdown in summary data makes precise program efficiency difficult to ascertain.
Strengths
The following positive indicators were identified for Insulators Local 41 Retireeinsurance Fund:
- Consistent asset growth, from $250,948 in 2014 to $950,792 in 2023, demonstrating strong financial management.
- Zero officer compensation reported across all filings, indicating highly efficient executive management.
- Strong solvency with assets significantly exceeding liabilities (e.g., $950,792 assets vs. $1,503 liabilities in 2023).
- Consistent IRS 990 filing history, indicating good transparency practices.
Frequently Asked Questions about Insulators Local 41 Retireeinsurance Fund
Is Insulators Local 41 Retireeinsurance Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Insulators Local 41 Retireeinsurance Fund (EIN: 204957423) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Insulators Local 41 Retireeinsurance Fund spend its money?
Insulators Local 41 Retireeinsurance Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Insulators Local 41 Retireeinsurance Fund tax-deductible?
Insulators Local 41 Retireeinsurance Fund is registered as a tax-exempt nonprofit (EIN: 204957423). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Insulators Local 41 Retireeinsurance Fund CEO make?
Insulators Local 41 Retireeinsurance Fund's highest-compensated officer earns $1 annually. The organization reported $502K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Insulators Local 41 Retireeinsurance Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Insulators Local 41 Retireeinsurance Fund is above average for NTEE category Y44 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Insulators Local 41 Retireeinsurance Fund located?
Insulators Local 41 Retireeinsurance Fund is headquartered in Fort Wayne, Indiana and files with the IRS under EIN 204957423. It is classified under NTEE code Y44.
How many years of IRS 990 filings does Insulators Local 41 Retireeinsurance Fund have?
Insulators Local 41 Retireeinsurance 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 $502K in total revenue.
What specific benefits does the fund provide to retirees?
The provided data does not detail the specific benefits offered by the Insulators Local 41 Retireeinsurance Fund. Further investigation into their public documents or website would be necessary to understand their program services.
How does the fund manage its investments to grow assets?
While the fund shows consistent asset growth from $250,948 in 2014 to $950,792 in 2023, the specific investment strategies or portfolio details are not available in the summary IRS 990 data.
What are the primary sources of revenue for the fund?
The summary data only provides total revenue figures. To understand the primary sources (e.g., contributions, investment income, employer contributions), a more detailed look at the full IRS 990 forms would be required.
Filing History
IRS 990 filing history for Insulators Local 41 Retireeinsurance Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Insulators Local 41 Retireeinsurance Fund's revenue has grown by 238.9%, moving from $83K to $283K. Total assets increased by 235.3% over the same period, from $284K to $951K. Total functional expenses rose by 637.2%, from $39K to $286K. In its most recent filing year (2023), Insulators Local 41 Retireeinsurance Fund reported a deficit of $4K, with expenses exceeding revenue. The organization holds $2K in liabilities against $951K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $949K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $283K | $286K | $951K | $2K | — | View 990 |
| 2022 | $271K | $273K | $943K | $289 | — | View 990 |
| 2021 | $294K | $263K | $1.0M | $67K | — | — |
| 2020 | $564K | $283K | $955K | $1K | — | — |
| 2019 | $361K | $211K | $670K | $2K | — | View 990 |
| 2018 | $240K | $229K | $507K | $65 | — | View 990 |
| 2017 | $304K | $184K | $498K | $0 | — | View 990 |
| 2016 | $247K | $135K | $381K | $1K | — | View 990 |
| 2015 | $146K | $128K | $265K | $0 | — | View 990 |
| 2014 | $94K | $124K | $251K | $545 | — | View 990 |
| 2013 | $92K | $108K | $280K | $467 | — | View 990 |
| 2012 | $96K | $81K | $295K | $0 | — | View 990 |
| 2011 | $83K | $39K | $284K | $568 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $283K, expenses of $286K, and assets of $951K (revenue +4.4% year-over-year).
- 2022: Revenue of $271K, expenses of $273K, and assets of $943K (revenue -8.0% year-over-year).
- 2021: Revenue of $294K, expenses of $263K, and assets of $1.0M (revenue -47.8% year-over-year).
- 2020: Revenue of $564K, expenses of $283K, and assets of $955K (revenue +56.3% year-over-year).
- 2019: Revenue of $361K, expenses of $211K, and assets of $670K (revenue +50.5% year-over-year).
- 2018: Revenue of $240K, expenses of $229K, and assets of $507K (revenue -21.3% year-over-year).
- 2017: Revenue of $304K, expenses of $184K, and assets of $498K (revenue +23.2% year-over-year).
- 2016: Revenue of $247K, expenses of $135K, and assets of $381K (revenue +68.9% year-over-year).
- 2015: Revenue of $146K, expenses of $128K, and assets of $265K (revenue +55.5% year-over-year).
- 2014: Revenue of $94K, expenses of $124K, and assets of $251K (revenue +2.5% year-over-year).
- 2013: Revenue of $92K, expenses of $108K, and assets of $280K (revenue -4.4% year-over-year).
- 2012: Revenue of $96K, expenses of $81K, and assets of $295K (revenue +15.0% year-over-year).
- 2011: Revenue of $83K, expenses of $39K, and assets of $284K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Insulators Local 41 Retireeinsurance Fund:
Data Sources and Methodology
This transparency report for Insulators Local 41 Retireeinsurance 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.