International Association Of Machinists District 15 Health Fund
Machinists District 15 Health Fund shows consistent asset growth and no reported officer compensation over a decade.
EIN: 135598021 · Pittsburgh, PA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $35.1M |
| Total Expenses | $26.4M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $29.55 |
| Net Assets | $75.6M |
| Transparency Score | 90/100 |
Is International Association Of Machinists District 15 Health Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
International Association Of Machinists District 15 Health Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About International Association Of Machinists District 15 Health Fund
International Association Of Machinists District 15 Health Fund (EIN: 135598021) is a nonprofit organization based in Pittsburgh, PA. The organization reported total revenue of $35.1M and total assets of $78.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Association Of Machinists District 15 Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Association Of Machinists District 15 Health Fund is a large nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29.6M |
| Total Expenses | $26.4M |
| Surplus / Deficit | +$3.2M |
| Total Assets | $75.9M |
| Total Liabilities | $244K |
| Net Assets | $75.6M |
| Operating Margin | 10.7% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 34.5 months |
Financial Health Grade: A
In 2023, International Association Of Machinists District 15 Health Fund reported a surplus of $3.2M with revenue exceeding expenses, holds 34.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), International Association Of Machinists District 15 Health Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +16.0% | +8.9% |
| 2022 | -1.2% | -14.5% | +1.3% |
| 2021 | -7.5% | +10.2% | +1.5% |
| 2020 | +6.7% | -13.8% | +15.9% |
| 2019 | +9.0% | +32.3% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
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 International Association Of Machinists District 15 Health 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, International Association Of Machinists District 15 Health Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $3.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation directly from the fund, which is highly unusual for an organization of this size ($29.55 million in 2023 revenue) and suggests a very lean or volunteer-based leadership structure, or that compensation is handled through a related entity.
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 International Association Of Machinists District 15 Health Fund's IRS 990 filings:
- Lack of detailed spending breakdown (program vs. admin) in provided data, though implied by fund type
- NTEE code is unknown, which limits detailed comparative analysis
Strengths
The following positive indicators were identified for International Association Of Machinists District 15 Health Fund:
- Consistent asset growth, from $38.35M in 2014 to $75.88M in 2023
- Zero reported officer compensation across all filings, indicating high efficiency in executive pay
- Revenue consistently exceeding expenses, leading to healthy reserves
- Low liabilities relative to assets, demonstrating strong financial health
- Implied high program spending due to the nature of a health fund
Frequently Asked Questions about International Association Of Machinists District 15 Health Fund
Is International Association Of Machinists District 15 Health Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, International Association Of Machinists District 15 Health Fund (EIN: 135598021) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does International Association Of Machinists District 15 Health Fund spend its money?
International Association Of Machinists District 15 Health Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to International Association Of Machinists District 15 Health Fund tax-deductible?
International Association Of Machinists District 15 Health Fund is registered as a tax-exempt nonprofit (EIN: 135598021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the International Association Of Machinists District 15 Health Fund CEO make?
International Association Of Machinists District 15 Health Fund's highest-compensated officer earns $29.55 annually. The organization reported $35.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is International Association Of Machinists District 15 Health Fund located?
International Association Of Machinists District 15 Health Fund is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 135598021.
How many years of IRS 990 filings does International Association Of Machinists District 15 Health Fund have?
International Association Of Machinists District 15 Health 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 $35.1M in total revenue.
Is the International Association Of Machinists District 15 Health Fund financially stable?
Yes, the fund appears very financially stable, with assets growing from $38.35 million in 2014 to $75.88 million in 2023, and liabilities consistently low relative to assets.
How does the fund manage executive compensation?
The fund consistently reports 0% officer compensation in its IRS 990 filings, suggesting that officers are either uncompensated, volunteer, or compensated through a separate, related entity.
What is the trend in the fund's revenue and expenses?
Revenue has shown a consistent upward trend, from $23.85 million in 2014 to $29.55 million in 2023. Expenses have generally remained below revenue, allowing for asset accumulation, for example, $29.55 million revenue vs. $26.39 million expenses in 2023.
Filing History
IRS 990 filing history for International Association Of Machinists District 15 Health Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), International Association Of Machinists District 15 Health Fund's revenue has grown by 22.9%, moving from $24.0M to $29.6M. Total assets increased by 154.5% over the same period, from $29.8M to $75.9M. Total functional expenses rose by 32.7%, from $19.9M to $26.4M. In its most recent filing year (2023), International Association Of Machinists District 15 Health Fund reported a surplus of $3.2M, with revenue exceeding expenses. The organization holds $244K in liabilities against $75.9M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $75.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29.6M | $26.4M | $75.9M | $244K | — | — |
| 2022 | $27.7M | $22.8M | $69.7M | $98K | — | — |
| 2021 | $28.0M | $26.6M | $68.8M | $68K | — | View 990 |
| 2020 | $30.3M | $24.2M | $67.8M | $187K | — | View 990 |
| 2019 | $28.4M | $28.0M | $58.5M | $70K | — | View 990 |
| 2018 | $26.1M | $21.2M | $57.2M | $462K | — | View 990 |
| 2017 | $26.1M | $21.1M | $52.3M | $92K | — | View 990 |
| 2016 | $25.7M | $20.0M | $47.2M | $394K | — | View 990 |
| 2015 | $24.7M | $21.1M | $40.8M | $277K | — | View 990 |
| 2014 | $23.8M | $20.9M | $38.4M | $613K | — | View 990 |
| 2013 | $22.0M | $18.8M | $35.1M | $72K | — | View 990 |
| 2012 | $24.8M | $21.8M | $32.5M | $73K | — | View 990 |
| 2011 | $24.0M | $19.9M | $29.8M | $302K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29.6M, expenses of $26.4M, and assets of $75.9M (revenue +6.8% year-over-year).
- 2022: Revenue of $27.7M, expenses of $22.8M, and assets of $69.7M (revenue -1.2% year-over-year).
- 2021: Revenue of $28.0M, expenses of $26.6M, and assets of $68.8M (revenue -7.5% year-over-year).
- 2020: Revenue of $30.3M, expenses of $24.2M, and assets of $67.8M (revenue +6.7% year-over-year).
- 2019: Revenue of $28.4M, expenses of $28.0M, and assets of $58.5M (revenue +9.0% year-over-year).
- 2018: Revenue of $26.1M, expenses of $21.2M, and assets of $57.2M (revenue -0.3% year-over-year).
- 2017: Revenue of $26.1M, expenses of $21.1M, and assets of $52.3M (revenue +1.7% year-over-year).
- 2016: Revenue of $25.7M, expenses of $20.0M, and assets of $47.2M (revenue +4.1% year-over-year).
- 2015: Revenue of $24.7M, expenses of $21.1M, and assets of $40.8M (revenue +3.5% year-over-year).
- 2014: Revenue of $23.8M, expenses of $20.9M, and assets of $38.4M (revenue +8.2% year-over-year).
- 2013: Revenue of $22.0M, expenses of $18.8M, and assets of $35.1M (revenue -11.3% year-over-year).
- 2012: Revenue of $24.8M, expenses of $21.8M, and assets of $32.5M (revenue +3.3% year-over-year).
- 2011: Revenue of $24.0M, expenses of $19.9M, and assets of $29.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Association Of Machinists District 15 Health Fund:
Data Sources and Methodology
This transparency report for International Association Of Machinists District 15 Health 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.