International Union Of Operating Engineers Welfare Fund
International Union Of Operating Engineers Welfare Fund maintains stable assets despite fluctuating annual operational deficits.
EIN: 131739714 · Briarcliff, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $45.6M |
| Total Expenses | $25.4M |
| Program Spending | 90% |
| Net Assets | $29.0M |
| Transparency Score | 85/100 |
Is International Union Of Operating Engineers Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
International Union Of Operating Engineers Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About International Union Of Operating Engineers Welfare Fund
International Union Of Operating Engineers Welfare Fund (EIN: 131739714) is a nonprofit organization based in Briarcliff, NY. The organization reported total revenue of $45.6M and total assets of $37.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Union Of Operating Engineers Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Union Of Operating Engineers Welfare Fund is a large nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.0M |
| Total Expenses | $25.4M |
| Surplus / Deficit | $-400,785 |
| Total Assets | $36.1M |
| Total Liabilities | $7.1M |
| Net Assets | $29.0M |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 19.6% |
| Months of Reserves | 17.0 months |
Financial Health Grade: B
In 2023, International Union Of Operating Engineers Welfare Fund reported a deficit of $401K with expenses exceeding revenue, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 19.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), International Union Of Operating Engineers Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.7% | +7.7% | +12.3% |
| 2022 | -30.9% | -0.7% | -15.0% |
| 2021 | +48.4% | +8.1% | +10.3% |
| 2020 | -18.5% | -5.1% | -1.1% |
| 2019 | -5.2% | -8.5% | +12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Union Of Operating Engineers Welfare 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, International Union Of Operating Engineers Welfare Fund allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $401K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no direct compensation is paid to officers through the mechanisms captured in this field, or that it is negligible relative to total expenses. This suggests a strong commitment to directing funds towards its mission rather than executive salaries.
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 Union Of Operating Engineers Welfare Fund's IRS 990 filings:
- Consistent operational deficits in multiple years (e.g., 202312, 202212, 202012) where expenses exceeded revenue.
Strengths
The following positive indicators were identified for International Union Of Operating Engineers Welfare Fund:
- Strong and growing asset base, reaching $36,079,279 in 202312, providing financial resilience.
- Consistent reporting of 0% officer compensation, indicating a focus on mission-related spending.
- Significant revenue generation, with latest revenue at $24,995,441, demonstrating substantial operational scale.
Frequently Asked Questions about International Union Of Operating Engineers Welfare Fund
Is International Union Of Operating Engineers Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, International Union Of Operating Engineers Welfare Fund (EIN: 131739714) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does International Union Of Operating Engineers Welfare Fund spend its money?
International Union Of Operating Engineers Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to International Union Of Operating Engineers Welfare Fund tax-deductible?
International Union Of Operating Engineers Welfare Fund is registered as a tax-exempt nonprofit (EIN: 131739714). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of International Union Of Operating Engineers Welfare Fund's spending goes to programs?
International Union Of Operating Engineers Welfare Fund directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is International Union Of Operating Engineers Welfare Fund located?
International Union Of Operating Engineers Welfare Fund is headquartered in Briarcliff, New York and files with the IRS under EIN 131739714.
How many years of IRS 990 filings does International Union Of Operating Engineers Welfare Fund have?
International Union Of Operating Engineers Welfare 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 $45.6M in total revenue.
Is International Union Of Operating Engineers Welfare Fund financially stable?
Yes, despite some years with operational deficits (e.g., 202312 with $24,995,441 revenue vs. $25,396,226 expenses), the organization maintains a robust asset base, reaching $36,079,279 in 202312, which indicates overall financial stability.
How does the organization manage its expenses relative to its revenue?
The organization's expenses often closely match or slightly exceed its revenue in several periods, such as 202212 where expenses were $23,589,090 against $20,886,571 in revenue. However, there are also periods of surplus, like 202112 ($30,218,215 revenue vs. $23,763,934 expenses), suggesting a dynamic financial management approach.
What is the trend in the organization's assets and liabilities?
Assets have generally increased over the decade, from $30,745,531 in 201412 to $36,079,279 in 202312, indicating growth in its financial reserves. Liabilities have also seen some fluctuation but remain manageable relative to assets, for example, $7,086,974 in liabilities against $36,079,279 in assets in 202312.
Filing History
IRS 990 filing history for International Union Of Operating Engineers Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), International Union Of Operating Engineers Welfare Fund's revenue has grown by 94.3%, moving from $12.9M to $25.0M. Total assets decreased by 4.4% over the same period, from $37.7M to $36.1M. Total functional expenses rose by 66%, from $15.3M to $25.4M. In its most recent filing year (2023), International Union Of Operating Engineers Welfare Fund reported a deficit of $401K, with expenses exceeding revenue. The organization holds $7.1M in liabilities against $36.1M in assets (debt-to-asset ratio: 19.6%), resulting in net assets of $29.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.0M | $25.4M | $36.1M | $7.1M | — | View 990 |
| 2022 | $20.9M | $23.6M | $32.1M | $4.7M | — | — |
| 2021 | $30.2M | $23.8M | $37.8M | $6.1M | — | View 990 |
| 2020 | $20.4M | $22.0M | $34.3M | $5.2M | — | — |
| 2019 | $25.0M | $23.2M | $34.7M | $5.2M | — | View 990 |
| 2018 | $26.4M | $25.3M | $30.9M | $5.8M | — | View 990 |
| 2017 | $21.6M | $23.9M | $32.8M | $6.3M | — | View 990 |
| 2016 | $20.7M | $17.8M | $32.2M | $4.2M | — | View 990 |
| 2015 | $18.9M | $19.8M | $28.7M | $4.3M | — | View 990 |
| 2014 | $15.5M | $16.3M | $30.7M | $3.7M | — | View 990 |
| 2013 | $13.4M | $18.5M | $32.0M | $3.8M | — | View 990 |
| 2012 | $11.3M | $15.9M | $35.3M | $3.7M | — | View 990 |
| 2011 | $12.9M | $15.3M | $37.7M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.0M, expenses of $25.4M, and assets of $36.1M (revenue +19.7% year-over-year).
- 2022: Revenue of $20.9M, expenses of $23.6M, and assets of $32.1M (revenue -30.9% year-over-year).
- 2021: Revenue of $30.2M, expenses of $23.8M, and assets of $37.8M (revenue +48.4% year-over-year).
- 2020: Revenue of $20.4M, expenses of $22.0M, and assets of $34.3M (revenue -18.5% year-over-year).
- 2019: Revenue of $25.0M, expenses of $23.2M, and assets of $34.7M (revenue -5.2% year-over-year).
- 2018: Revenue of $26.4M, expenses of $25.3M, and assets of $30.9M (revenue +22.3% year-over-year).
- 2017: Revenue of $21.6M, expenses of $23.9M, and assets of $32.8M (revenue +4.0% year-over-year).
- 2016: Revenue of $20.7M, expenses of $17.8M, and assets of $32.2M (revenue +9.4% year-over-year).
- 2015: Revenue of $18.9M, expenses of $19.8M, and assets of $28.7M (revenue +21.9% year-over-year).
- 2014: Revenue of $15.5M, expenses of $16.3M, and assets of $30.7M (revenue +15.5% year-over-year).
- 2013: Revenue of $13.4M, expenses of $18.5M, and assets of $32.0M (revenue +18.5% year-over-year).
- 2012: Revenue of $11.3M, expenses of $15.9M, and assets of $35.3M (revenue -11.8% year-over-year).
- 2011: Revenue of $12.9M, expenses of $15.3M, and assets of $37.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Union Of Operating Engineers Welfare Fund:
Data Sources and Methodology
This transparency report for International Union Of Operating Engineers Welfare 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.