International Brotherhood Of Trade Unions Health & Welfare Fd Tr
International Brotherhood Of Trade Unions Health & Welfare Fd Tr shows consistent growth and high program spending with no reported officer compensation.
EIN: 116490308 · Carle Place, NY · NTEE: Y430 · Updated: 2026-03-28
Is International Brotherhood Of Trade Unions Health & Welfare Fd Tr 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 Trade Unions Health & Welfare Fd Tr directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About International Brotherhood Of Trade Unions Health & Welfare Fd Tr
International Brotherhood Of Trade Unions Health & Welfare Fd Tr (EIN: 116490308) is a nonprofit organization based in Carle Place, NY, classified under NTEE code Y430. The organization reported total revenue of $311.6M and total assets of $52.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Brotherhood Of Trade Unions Health & Welfare Fd Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Brotherhood Of Trade Unions Health & Welfare Fd Tr is a major nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 39.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $207.2M |
| Total Expenses | $204.8M |
| Surplus / Deficit | +$2.4M |
| Total Assets | $48.5M |
| Total Liabilities | $26.8M |
| Net Assets | $21.7M |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 55.3% |
| Months of Reserves | 2.8 months |
Financial Health Grade: B
In 2023, International Brotherhood Of Trade Unions Health & Welfare Fd Tr reported a surplus of $2.4M with revenue exceeding expenses, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 55.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), International Brotherhood Of Trade Unions Health & Welfare Fd Tr's revenue has grown at a compound annual growth rate (CAGR) of 39.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.6% | +9.1% | +8.7% |
| 2022 | +7.7% | +4.4% | -8.6% |
| 2021 | +12.8% | +23.4% | +17.1% |
| 2020 | +21.4% | +12.8% | +40.2% |
| 2019 | +14.8% | +15.2% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Trade Unions Health & Welfare Fd Tr with a Mission Score of 95 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, International Brotherhood Of Trade Unions Health & Welfare Fd Tr allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 $2.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of this size (latest revenue $311,598,149) and suggests that executive services may be provided by an affiliated entity or on a pro bono basis, which significantly enhances the organization's financial 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 Trade Unions Health & Welfare Fd Tr's IRS 990 filings:
- Lack of detailed breakdown of program vs. administrative expenses in provided data, making precise efficiency calculation difficult without full 990 access.
Strengths
The following positive indicators were identified for International Brotherhood Of Trade Unions Health & Welfare Fd Tr:
- Consistent and significant revenue growth, from $13.7M in 2014 to $207.2M in 2023.
- Extremely high spending efficiency with 0% reported officer compensation across all filings.
- Strong program focus, as evidenced by expenses consistently tracking very close to revenue, indicating direct benefit distribution.
- Healthy asset growth over time, demonstrating financial stability and capacity.
- Long and consistent filing history (13 filings), indicating transparency and compliance.
Frequently Asked Questions about International Brotherhood Of Trade Unions Health & Welfare Fd Tr
Is International Brotherhood Of Trade Unions Health & Welfare Fd Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, International Brotherhood Of Trade Unions Health & Welfare Fd Tr (EIN: 116490308) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does International Brotherhood Of Trade Unions Health & Welfare Fd Tr spend its money?
International Brotherhood Of Trade Unions Health & Welfare Fd Tr directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to International Brotherhood Of Trade Unions Health & Welfare Fd Tr tax-deductible?
International Brotherhood Of Trade Unions Health & Welfare Fd Tr is registered as a tax-exempt nonprofit (EIN: 116490308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization manage to report 0% officer compensation given its substantial revenue and asset base?
The consistent reporting of 0% officer compensation suggests that executive services might be provided by an affiliated union or trust, or that compensation is structured in a way that it is not reported as direct officer compensation on the 990 form, such as through a third-party administrator.
What is the primary nature of the 'expenses' given the NTEE code Y430 (Employee or Member Welfare Organizations)?
Given the NTEE code Y430 and the organization's name, the vast majority of expenses are likely benefit payments (e.g., health, welfare, pension benefits) to members, rather than traditional operational or administrative costs seen in other types of nonprofits.
Is the organization's asset growth sustainable given its high expense ratio?
The organization has shown consistent asset growth, from $8.9 million in 2015 to $48.5 million in 2023, despite spending nearly all of its revenue annually. This indicates that revenue growth is outpacing expenses, allowing for capital accumulation, likely through investment returns or increasing contributions.
Filing History
IRS 990 filing history for International Brotherhood Of Trade Unions Health & Welfare Fd Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), International Brotherhood Of Trade Unions Health & Welfare Fd Tr's revenue has grown by 5438.2%, moving from $3.7M to $207.2M. Total assets increased by 2420.4% over the same period, from $1.9M to $48.5M. Total functional expenses rose by 6142.7%, from $3.3M to $204.8M. In its most recent filing year (2023), International Brotherhood Of Trade Unions Health & Welfare Fd Tr reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $26.8M in liabilities against $48.5M in assets (debt-to-asset ratio: 55.3%), resulting in net assets of $21.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $207.2M | $204.8M | $48.5M | $26.8M | — | — |
| 2022 | $189.1M | $187.8M | $44.6M | $29.5M | — | View 990 |
| 2021 | $175.6M | $179.8M | $48.9M | $29.4M | — | View 990 |
| 2020 | $155.7M | $145.7M | $41.7M | $20.8M | — | View 990 |
| 2019 | $128.3M | $129.2M | $29.8M | $18.4M | — | View 990 |
| 2018 | $111.8M | $112.2M | $30.8M | $20.9M | — | View 990 |
| 2017 | $47.6M | $44.1M | $16.6M | $5.6M | — | View 990 |
| 2016 | $24.4M | $24.7M | $10.4M | $3.4M | — | View 990 |
| 2015 | $19.0M | $21.4M | $8.9M | $2.0M | — | View 990 |
| 2014 | $13.7M | $8.3M | $10.2M | $914K | — | View 990 |
| 2013 | $6.0M | $4.4M | $4.8M | $617K | — | View 990 |
| 2012 | $4.4M | $3.4M | $3.0M | $521K | — | View 990 |
| 2011 | $3.7M | $3.3M | $1.9M | $406K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $207.2M, expenses of $204.8M, and assets of $48.5M (revenue +9.6% year-over-year).
- 2022: Revenue of $189.1M, expenses of $187.8M, and assets of $44.6M (revenue +7.7% year-over-year).
- 2021: Revenue of $175.6M, expenses of $179.8M, and assets of $48.9M (revenue +12.8% year-over-year).
- 2020: Revenue of $155.7M, expenses of $145.7M, and assets of $41.7M (revenue +21.4% year-over-year).
- 2019: Revenue of $128.3M, expenses of $129.2M, and assets of $29.8M (revenue +14.8% year-over-year).
- 2018: Revenue of $111.8M, expenses of $112.2M, and assets of $30.8M (revenue +134.8% year-over-year).
- 2017: Revenue of $47.6M, expenses of $44.1M, and assets of $16.6M (revenue +95.1% year-over-year).
- 2016: Revenue of $24.4M, expenses of $24.7M, and assets of $10.4M (revenue +28.3% year-over-year).
- 2015: Revenue of $19.0M, expenses of $21.4M, and assets of $8.9M (revenue +38.8% year-over-year).
- 2014: Revenue of $13.7M, expenses of $8.3M, and assets of $10.2M (revenue +127.6% year-over-year).
- 2013: Revenue of $6.0M, expenses of $4.4M, and assets of $4.8M (revenue +38.2% year-over-year).
- 2012: Revenue of $4.4M, expenses of $3.4M, and assets of $3.0M (revenue +16.4% year-over-year).
- 2011: Revenue of $3.7M, expenses of $3.3M, and assets of $1.9M.
Data Sources and Methodology
This transparency report for International Brotherhood Of Trade Unions Health & Welfare Fd 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.