Iron Workers District Council Of Western Ny & Vicinity Welfare Plan
Iron Workers Welfare Plan shows consistent financial growth and no reported officer compensation over a decade.
EIN: 160776208 · Rochester, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.9M |
| Total Expenses | $4.8M |
| Program Spending | 90% |
| Net Assets | $5.8M |
| Transparency Score | 95/100 |
Is Iron Workers District Council Of Western Ny & Vicinity Welfare Plan Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iron Workers District Council Of Western Ny & Vicinity Welfare Plan directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iron Workers District Council Of Western Ny & Vicinity Welfare Plan
Iron Workers District Council Of Western Ny & Vicinity Welfare Plan (EIN: 160776208) is a nonprofit organization based in Rochester, NY. The organization reported total revenue of $12.9M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iron Workers District Council Of Western Ny & Vicinity Welfare Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iron Workers District Council Of Western Ny & Vicinity Welfare Plan is a large nonprofit that has been operating for 68 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $4.8M |
| Surplus / Deficit | +$955K |
| Total Assets | $6.1M |
| Total Liabilities | $312K |
| Net Assets | $5.8M |
| Operating Margin | 16.6% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 15.4 months |
Financial Health Grade: A
In 2023, Iron Workers District Council Of Western Ny & Vicinity Welfare Plan reported a surplus of $955K with revenue exceeding expenses, holds 15.4 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Iron Workers District Council Of Western Ny & Vicinity Welfare Plan's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.7% | -9.4% | +22.6% |
| 2022 | +14.4% | -3.9% | +19.7% |
| 2021 | +9.2% | +20.9% | +0.6% |
| 2020 | +2.3% | +12.2% | +31.7% |
| 2019 | +9.0% | +0.7% | +49.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1958 |
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 Iron Workers District Council Of Western Ny & Vicinity Welfare Plan 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Iron Workers District Council Of Western Ny & Vicinity Welfare Plan 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 $955K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly favorable for resource allocation to the plan's beneficiaries.
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.
Strengths
The following positive indicators were identified for Iron Workers District Council Of Western Ny & Vicinity Welfare Plan:
- Consistent financial surpluses, contributing to asset growth (e.g., 2023 revenue $5,744,625 vs. expenses $4,789,673).
- Significant growth in assets over the past decade, from $2,136,513 in 2014 to $6,142,792 in 2023.
- No reported officer compensation across all filings, indicating high efficiency and direct allocation of funds to the plan's purpose.
- Low liabilities relative to assets, demonstrating strong financial stability (e.g., 2023 liabilities $311,869 vs. assets $6,142,792).
- Stable and growing revenue streams over time.
Frequently Asked Questions about Iron Workers District Council Of Western Ny & Vicinity Welfare Plan
Is Iron Workers District Council Of Western Ny & Vicinity Welfare Plan a legitimate charity?
Iron Workers District Council Of Western Ny & Vicinity Welfare Plan (EIN: 160776208) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 12 years of IRS 990 filings on record. Total revenue: $12.9M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Iron Workers District Council Of Western Ny & Vicinity Welfare Plan spend its money?
Iron Workers District Council Of Western Ny & Vicinity Welfare Plan directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Iron Workers District Council Of Western Ny & Vicinity Welfare Plan tax-deductible?
Iron Workers District Council Of Western Ny & Vicinity Welfare Plan is registered as a tax-exempt nonprofit (EIN: 160776208). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Iron Workers District Council Of Western Ny & Vicinity Welfare Plan located?
Iron Workers District Council Of Western Ny & Vicinity Welfare Plan is headquartered in Rochester, New York and files with the IRS under EIN 160776208.
How many years of IRS 990 filings does Iron Workers District Council Of Western Ny & Vicinity Welfare Plan have?
Iron Workers District Council Of Western Ny & Vicinity Welfare Plan has 12 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 $12.9M in total revenue.
Is Iron Workers District Council Of Western Ny & Vicinity Welfare Plan a good charity?
Based on the available IRS 990 data, the organization appears to be a very well-managed and efficient welfare plan. It consistently generates surpluses, has a growing asset base, and reports 0% officer compensation, suggesting that funds are primarily directed towards its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over the past decade. Assets have grown from $2,136,513 in 2014 to $6,142,792 in 2023, and revenue has shown a positive trend, indicating strong financial management and stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a highly efficient approach where no funds are allocated to executive salaries from the reported expenses.
Filing History
IRS 990 filing history for Iron Workers District Council Of Western Ny & Vicinity Welfare Plan showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Iron Workers District Council Of Western Ny & Vicinity Welfare Plan's revenue has grown by 44.4%, moving from $4.0M to $5.7M. Total assets increased by 207.5% over the same period, from $2.0M to $6.1M. Total functional expenses rose by 25.5%, from $3.8M to $4.8M. In its most recent filing year (2023), Iron Workers District Council Of Western Ny & Vicinity Welfare Plan reported a surplus of $955K, with revenue exceeding expenses. The organization holds $312K in liabilities against $6.1M in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $4.8M | $6.1M | $312K | — | View 990 |
| 2022 | $6.4M | $5.3M | $5.0M | $207K | — | View 990 |
| 2021 | $5.6M | $5.5M | $4.2M | $67K | — | View 990 |
| 2020 | $5.1M | $4.5M | $4.2M | $115K | — | — |
| 2019 | $5.0M | $4.1M | $3.2M | $125K | — | View 990 |
| 2018 | $4.6M | $4.0M | $2.1M | $95K | — | View 990 |
| 2017 | $4.6M | $4.9M | $1.5M | $45K | — | View 990 |
| 2016 | $4.6M | $4.6M | $1.8M | $63K | — | View 990 |
| 2015 | $4.4M | $4.7M | $1.8M | $100K | — | View 990 |
| 2014 | $4.5M | $4.2M | $2.1M | $73K | — | View 990 |
| 2013 | $4.2M | $4.3M | $1.9M | $73K | — | View 990 |
| 2012 | $4.0M | $3.8M | $2.0M | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $4.8M, and assets of $6.1M (revenue -9.7% year-over-year).
- 2022: Revenue of $6.4M, expenses of $5.3M, and assets of $5.0M (revenue +14.4% year-over-year).
- 2021: Revenue of $5.6M, expenses of $5.5M, and assets of $4.2M (revenue +9.2% year-over-year).
- 2020: Revenue of $5.1M, expenses of $4.5M, and assets of $4.2M (revenue +2.3% year-over-year).
- 2019: Revenue of $5.0M, expenses of $4.1M, and assets of $3.2M (revenue +9.0% year-over-year).
- 2018: Revenue of $4.6M, expenses of $4.0M, and assets of $2.1M (revenue -1.6% year-over-year).
- 2017: Revenue of $4.6M, expenses of $4.9M, and assets of $1.5M (revenue +0.8% year-over-year).
- 2016: Revenue of $4.6M, expenses of $4.6M, and assets of $1.8M (revenue +4.6% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.7M, and assets of $1.8M (revenue -1.3% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.2M, and assets of $2.1M (revenue +6.4% year-over-year).
- 2013: Revenue of $4.2M, expenses of $4.3M, and assets of $1.9M (revenue +5.3% year-over-year).
- 2012: Revenue of $4.0M, expenses of $3.8M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iron Workers District Council Of Western Ny & Vicinity Welfare Plan:
Data Sources and Methodology
This transparency report for Iron Workers District Council Of Western Ny & Vicinity Welfare Plan 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.