International Brotherhood Of Electrical Workers Welfare Fund 17
International Brotherhood Of Electrical Workers Welfare Fund 17 consistently spends more than it earns, leading to declining assets.
EIN: 131835737 · Armonk, NY · Updated: 2026-03-28
Is International Brotherhood Of Electrical Workers Welfare Fund 17 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
International Brotherhood Of Electrical Workers Welfare Fund 17 directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About International Brotherhood Of Electrical Workers Welfare Fund 17
International Brotherhood Of Electrical Workers Welfare Fund 17 (EIN: 131835737) is a nonprofit organization based in Armonk, NY. The organization reported total revenue of $4.9M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Brotherhood Of Electrical Workers Welfare Fund 17's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Brotherhood Of Electrical Workers Welfare Fund 17 is a mid-size nonprofit that has been operating for 73 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $3.9M |
| Surplus / Deficit | $-933,994 |
| Total Assets | $2.9M |
| Total Liabilities | $392K |
| Net Assets | $2.5M |
| Operating Margin | -31.2% |
| Debt-to-Asset Ratio | 13.5% |
| Months of Reserves | 8.9 months |
Financial Health Grade: B
In 2022, International Brotherhood Of Electrical Workers Welfare Fund 17 reported a deficit of $934K with expenses exceeding revenue, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 13.5% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), International Brotherhood Of Electrical Workers Welfare Fund 17's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +79.5% | +97.6% | -17.7% |
| 2021 | -58.7% | -47.7% | -8.4% |
| 2020 | -7.2% | -5.0% | +8.8% |
| 2019 | +13.5% | -1.8% | +10.4% |
| 2018 | +4.4% | +11.0% | -6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1953 |
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 Brotherhood Of Electrical Workers Welfare Fund 17 with a Mission Score of 65 out of 100 (Good). 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, International Brotherhood Of Electrical Workers Welfare Fund 17 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.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $934K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization with millions in revenue and expenses. This could indicate that compensation is paid by a related entity or that the fund is managed by volunteers, which would be a positive for efficiency.
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 Brotherhood Of Electrical Workers Welfare Fund 17's IRS 990 filings:
- Consistent annual deficits where expenses exceed revenue, as seen in 2022 ($3,923,048 expenses vs. $2,989,054 revenue).
- Declining asset base over the past decade, from $4,842,328 in 2013 to $2,896,412 in 2022.
- Significant increase in liabilities in 2022 to $392,269 from $79,699 in 2021, warranting further investigation.
Strengths
The following positive indicators were identified for International Brotherhood Of Electrical Workers Welfare Fund 17:
- Consistent reporting of 0% officer compensation, suggesting high efficiency or volunteer leadership.
- Relatively low liabilities in most years prior to 2022, indicating good financial management in those periods.
Frequently Asked Questions about International Brotherhood Of Electrical Workers Welfare Fund 17
Is International Brotherhood Of Electrical Workers Welfare Fund 17 a legitimate charity?
Based on AI analysis of IRS 990 filings, International Brotherhood Of Electrical Workers Welfare Fund 17 (EIN: 131835737) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does International Brotherhood Of Electrical Workers Welfare Fund 17 spend its money?
International Brotherhood Of Electrical Workers Welfare Fund 17 directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to International Brotherhood Of Electrical Workers Welfare Fund 17 tax-deductible?
International Brotherhood Of Electrical Workers Welfare Fund 17 is registered as a tax-exempt nonprofit (EIN: 131835737). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why does the organization consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It could mean that executive salaries are paid by a related entity, or that the fund is managed by unpaid volunteers, which would be a significant strength in terms of efficiency.
What is the primary reason for the recurring deficits where expenses exceed revenue?
The organization frequently reports expenses exceeding revenue, as seen in 2022 ($3,923,048 expenses vs. $2,989,054 revenue) and 2021 ($1,985,753 expenses vs. $1,665,171 revenue). This trend suggests that the fund may be drawing down reserves or relying on other funding mechanisms not fully captured in the annual revenue figures, or it could indicate unsustainable spending patterns.
What caused the significant increase in liabilities in 2022?
Liabilities increased from $79,699 in 2021 to $392,269 in 2022. Understanding the nature of this increase (e.g., new debt, deferred payments) is crucial for assessing the organization's short-term financial health.
How does the organization plan to address the long-term trend of declining assets?
Assets have steadily declined from $4,842,328 in 2013 to $2,896,412 in 2022. This trend, coupled with recurring deficits, raises questions about the long-term sustainability and financial strategy of the fund.
Filing History
IRS 990 filing history for International Brotherhood Of Electrical Workers Welfare Fund 17 showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), International Brotherhood Of Electrical Workers Welfare Fund 17's revenue has declined by 29.3%, moving from $4.2M to $3.0M. Total assets decreased by 41.6% over the same period, from $5.0M to $2.9M. Total functional expenses fell by 0.4%, from $3.9M to $3.9M. In its most recent filing year (2022), International Brotherhood Of Electrical Workers Welfare Fund 17 reported a deficit of $934K, with expenses exceeding revenue. The organization holds $392K in liabilities against $2.9M in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.0M | $3.9M | $2.9M | $392K | — | View 990 |
| 2021 | $1.7M | $2.0M | $3.5M | $80K | — | View 990 |
| 2020 | $4.0M | $3.8M | $3.8M | $83K | — | — |
| 2019 | $4.3M | $4.0M | $3.5M | $15K | — | View 990 |
| 2018 | $3.8M | $4.1M | $3.2M | $39K | — | View 990 |
| 2017 | $3.7M | $3.7M | $3.4M | $22K | — | View 990 |
| 2016 | $3.4M | $4.2M | $3.5M | $112K | — | View 990 |
| 2015 | $3.6M | $4.1M | $4.3M | $123K | — | View 990 |
| 2014 | $4.4M | $4.6M | $4.7M | $79K | — | View 990 |
| 2013 | $4.7M | $5.2M | $4.8M | $7K | — | View 990 |
| 2012 | $4.5M | $4.1M | $5.3M | $7K | — | View 990 |
| 2011 | $4.2M | $3.9M | $5.0M | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.0M, expenses of $3.9M, and assets of $2.9M (revenue +79.5% year-over-year).
- 2021: Revenue of $1.7M, expenses of $2.0M, and assets of $3.5M (revenue -58.7% year-over-year).
- 2020: Revenue of $4.0M, expenses of $3.8M, and assets of $3.8M (revenue -7.2% year-over-year).
- 2019: Revenue of $4.3M, expenses of $4.0M, and assets of $3.5M (revenue +13.5% year-over-year).
- 2018: Revenue of $3.8M, expenses of $4.1M, and assets of $3.2M (revenue +4.4% year-over-year).
- 2017: Revenue of $3.7M, expenses of $3.7M, and assets of $3.4M (revenue +8.5% year-over-year).
- 2016: Revenue of $3.4M, expenses of $4.2M, and assets of $3.5M (revenue -7.0% year-over-year).
- 2015: Revenue of $3.6M, expenses of $4.1M, and assets of $4.3M (revenue -18.0% year-over-year).
- 2014: Revenue of $4.4M, expenses of $4.6M, and assets of $4.7M (revenue -6.4% year-over-year).
- 2013: Revenue of $4.7M, expenses of $5.2M, and assets of $4.8M (revenue +5.6% year-over-year).
- 2012: Revenue of $4.5M, expenses of $4.1M, and assets of $5.3M (revenue +6.1% year-over-year).
- 2011: Revenue of $4.2M, expenses of $3.9M, and assets of $5.0M.
Data Sources and Methodology
This transparency report for International Brotherhood Of Electrical Workers Welfare Fund 17 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.