International Union Of Operating Engineers Welfare Fund

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International Union Of Operating Engineers Welfare Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals

International Union Of Operating Engineers Welfare Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around International Union Of Operating Engineers Welfare Fund in one place.

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 →

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Where the Money Comes From and Where It Goes

Across stored filings, International Union Of Operating Engineers Welfare Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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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: 136694320) is a nonprofit organization based in Long Is City, NY. The organization reported total revenue of $145.8M and total assets of $132.2M 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 major nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, International Union Of Operating Engineers Welfare Fund reported a surplus of $16.7M with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 24.7% (moderate 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 6.2%.

IRS Tax-Exempt Classification

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: 10%
• programs: 90%
• fundraising: 0%

According to IRS 990 filings, International Union Of Operating Engineers Welfare 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 surplus of $16.7M, with revenue exceeding expenses.
• Debt-to-asset ratio: 24.7%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation directly from the organization, which is highly unusual for an entity of this size with over $100 million in annual revenue.

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:

• Lack of detailed expense breakdown (program, admin, fundraising) in provided data
• Consistent 0% officer compensation for a large organization, which may indicate compensation from a related entity not disclosed here.

Strengths

The following positive indicators were identified for International Union Of Operating Engineers Welfare Fund:

• Consistent revenue generation, often exceeding expenses (e.g., $123,767,101 revenue vs. $107,062,765 expenses in 2023).
• Steady growth in assets over the past decade, from $62,173,799 in 2014 to $108,984,949 in 2023.
• Low liabilities relative to assets, indicating financial stability (e.g., $26,931,906 liabilities vs. $108,984,949 assets in 2023).
• No reported officer compensation, suggesting efficient use of funds or alternative compensation structures.

Frequently Asked Questions about International Union Of Operating Engineers Welfare Fund

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 105.9%, moving from $60.1M to $123.8M. Total assets increased by 68.5% over the same period, from $64.7M to $109.0M. Total functional expenses rose by 86.7%, from $57.4M to $107.1M. In its most recent filing year (2023), International Union Of Operating Engineers Welfare Fund reported a surplus of $16.7M, with revenue exceeding expenses. The organization holds $26.9M in liabilities against $109.0M in assets (debt-to-asset ratio: 24.7%), resulting in net assets of $82.1M.

Year-by-Year Financial Summary

• 2023: Revenue of $123.8M, expenses of $107.1M, and assets of $109.0M (revenue +17.1% year-over-year).
• 2022: Revenue of $105.7M, expenses of $114.3M, and assets of $87.2M (revenue +7.1% year-over-year).
• 2021: Revenue of $98.6M, expenses of $99.7M, and assets of $98.5M (revenue +3.4% year-over-year).
• 2020: Revenue of $95.4M, expenses of $90.0M, and assets of $100.7M (revenue -8.1% year-over-year).
• 2019: Revenue of $103.7M, expenses of $93.1M, and assets of $89.7M (revenue +8.1% year-over-year).
• 2018: Revenue of $96.0M, expenses of $91.6M, and assets of $75.6M (revenue +10.4% year-over-year).
• 2017: Revenue of $87.0M, expenses of $90.3M, and assets of $73.5M (revenue +4.6% year-over-year).
• 2016: Revenue of $83.2M, expenses of $82.0M, and assets of $72.4M (revenue +3.5% year-over-year).
• 2015: Revenue of $80.4M, expenses of $72.3M, and assets of $69.4M (revenue +14.1% year-over-year).
• 2014: Revenue of $70.4M, expenses of $70.6M, and assets of $62.2M (revenue +7.6% year-over-year).
• 2013: Revenue of $65.4M, expenses of $57.8M, and assets of $60.8M (revenue +11.2% year-over-year).
• 2012: Revenue of $58.8M, expenses of $61.1M, and assets of $67.3M (revenue -2.1% year-over-year).
• 2011: Revenue of $60.1M, expenses of $57.4M, and assets of $64.7M.

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.