Iron Workers Local Union No 25 Training Fund
EIN: 386056778 · Wixom, MI · NTEE: B30
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $2.6M |
| Net Assets | $10.0M |
Is Iron Workers Local Union No 25 Training Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Iron Workers Local Union No 25 Training Fund
Iron Workers Local Union No 25 Training Fund (EIN: 386056778) is a nonprofit organization based in Wixom, MI, classified under NTEE code B30. The organization reported total revenue of $5.2M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iron Workers Local Union No 25 Training Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iron Workers Local Union No 25 Training Fund is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$2.3M |
| Total Assets | $10.1M |
| Total Liabilities | $114K |
| Net Assets | $10.0M |
| Operating Margin | 46.7% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 47.1 months |
Financial Health Grade: A
In 2023, Iron Workers Local Union No 25 Training Fund reported a surplus of $2.3M with revenue exceeding expenses, holds 47.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Iron Workers Local Union No 25 Training Fund's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.5% | +16.7% | +26.7% |
| 2022 | +25.1% | +15.0% | +28.6% |
| 2021 | +45.7% | +19.7% | +35.8% |
| 2020 | +55.8% | -0.3% | +15.0% |
| 2019 | -31.7% | +10.5% | -8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Iron Workers Local Union No 25 Training Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Iron Workers Local Union No 25 Training Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Frequently Asked Questions about Iron Workers Local Union No 25 Training Fund
Is Iron Workers Local Union No 25 Training Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Iron Workers Local Union No 25 Training Fund (EIN: 386056778) insufficient data. 0 red flags identified, 0 strengths noted.
How does Iron Workers Local Union No 25 Training Fund spend its money?
Detailed spending breakdown data is not yet available for Iron Workers Local Union No 25 Training Fund. Check back for updated IRS 990 analysis.
Are donations to Iron Workers Local Union No 25 Training Fund tax-deductible?
Iron Workers Local Union No 25 Training Fund is registered as a tax-exempt nonprofit (EIN: 386056778). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Iron Workers Local Union No 25 Training Fund located?
Iron Workers Local Union No 25 Training Fund is headquartered in Wixom, Michigan and files with the IRS under EIN 386056778. It is classified under NTEE code B30.
How many years of IRS 990 filings does Iron Workers Local Union No 25 Training Fund have?
Iron Workers Local Union No 25 Training 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 $5.2M in total revenue.
Filing History
IRS 990 filing history for Iron Workers Local Union No 25 Training Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Iron Workers Local Union No 25 Training Fund's revenue has grown by 416.8%, moving from $936K to $4.8M. Total assets increased by 163.9% over the same period, from $3.8M to $10.1M. Total functional expenses rose by 166.9%, from $966K to $2.6M. In its most recent filing year (2023), Iron Workers Local Union No 25 Training Fund reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $114K in liabilities against $10.1M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $10.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $2.6M | $10.1M | $114K | — | View 990 |
| 2022 | $4.3M | $2.2M | $8.0M | $235K | — | View 990 |
| 2021 | $3.5M | $1.9M | $6.2M | $584K | — | View 990 |
| 2020 | $2.4M | $1.6M | $4.6M | $488K | — | View 990 |
| 2019 | $1.5M | $1.6M | $4.0M | $665K | — | View 990 |
| 2018 | $2.2M | $1.5M | $4.4M | $962K | — | View 990 |
| 2017 | $1.5M | $1.5M | $3.5M | $858K | — | View 990 |
| 2016 | $1.3M | $1.2M | $3.6M | $1.0M | — | View 990 |
| 2015 | $1.1M | $952K | $3.5M | $1.4M | — | View 990 |
| 2014 | $902K | $951K | $3.5M | $1.5M | — | View 990 |
| 2013 | $968K | $950K | $3.6M | $1.6M | — | View 990 |
| 2012 | $1.0M | $879K | $3.9M | $1.9M | — | View 990 |
| 2011 | $936K | $966K | $3.8M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $2.6M, and assets of $10.1M (revenue +11.5% year-over-year).
- 2022: Revenue of $4.3M, expenses of $2.2M, and assets of $8.0M (revenue +25.1% year-over-year).
- 2021: Revenue of $3.5M, expenses of $1.9M, and assets of $6.2M (revenue +45.7% year-over-year).
- 2020: Revenue of $2.4M, expenses of $1.6M, and assets of $4.6M (revenue +55.8% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.6M, and assets of $4.0M (revenue -31.7% year-over-year).
- 2018: Revenue of $2.2M, expenses of $1.5M, and assets of $4.4M (revenue +48.3% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $3.5M (revenue +12.3% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $3.6M (revenue +22.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $952K, and assets of $3.5M (revenue +21.7% year-over-year).
- 2014: Revenue of $902K, expenses of $951K, and assets of $3.5M (revenue -6.8% year-over-year).
- 2013: Revenue of $968K, expenses of $950K, and assets of $3.6M (revenue -4.1% year-over-year).
- 2012: Revenue of $1.0M, expenses of $879K, and assets of $3.9M (revenue +7.8% year-over-year).
- 2011: Revenue of $936K, expenses of $966K, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iron Workers Local Union No 25 Training Fund:
Data Sources and Methodology
This transparency report for Iron Workers Local Union No 25 Training 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.