International Union Of Operating Engineers Welfare Fund
International Union Of Operating Engineers Welfare Fund maintains stable finances with growing assets and no reported officer compensation.
EIN: 136694320 · Long Is City, NY · Updated: 2026-03-28
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.
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.
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
What are the specific services or benefits provided by the Welfare Fund?
The IRS 990 data indicates it's a welfare fund, implying it provides benefits to members, but specific details of these programs are not available in the provided financial summary.
How does the organization manage its significant asset base?
With assets growing to $108,984,949 in 2023, the organization appears to be effectively managing its investments, though specific investment strategies are not detailed in the provided data.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation suggests that officers may be compensated by a related entity or serve in an unpaid capacity, which is a significant point for further inquiry into the organization's governance structure.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $123.8M | $107.1M | $109.0M | $26.9M | — | View 990 |
| 2022 | $105.7M | $114.3M | $87.2M | $26.4M | — | — |
| 2021 | $98.6M | $99.7M | $98.5M | $24.0M | — | View 990 |
| 2020 | $95.4M | $90.0M | $100.7M | $23.6M | — | — |
| 2019 | $103.7M | $93.1M | $89.7M | $20.0M | — | View 990 |
| 2018 | $96.0M | $91.6M | $75.6M | $19.2M | — | View 990 |
| 2017 | $87.0M | $90.3M | $73.5M | $19.6M | — | — |
| 2016 | $83.2M | $82.0M | $72.4M | $16.5M | — | View 990 |
| 2015 | $80.4M | $72.3M | $69.4M | $14.5M | — | View 990 |
| 2014 | $70.4M | $70.6M | $62.2M | $14.5M | — | View 990 |
| 2013 | $65.4M | $57.8M | $60.8M | $12.9M | — | View 990 |
| 2012 | $58.8M | $61.1M | $67.3M | $26.2M | — | View 990 |
| 2011 | $60.1M | $57.4M | $64.7M | $21.1M | — | View 990 |
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.
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.