Ironworkers Local No 6 Medical And Sub Pay Fund

Ironworkers Local No 6 Medical And Sub Pay Fund consistently grows assets with no reported officer compensation.

EIN: 133234213 · West Seneca, NY · Updated: 2026-03-28

$7.4MRevenue

$13.4MAssets

85/100Mission Score (Excellent)

About Ironworkers Local No 6 Medical And Sub Pay Fund

Ironworkers Local No 6 Medical And Sub Pay Fund (EIN: 133234213) is a nonprofit organization based in West Seneca, NY. The organization reported total revenue of $7.4M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ironworkers Local No 6 Medical And Sub Pay Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Ironworkers Local No 6 Medical And Sub Pay Fund demonstrates consistent financial stability, primarily serving as a medical and supplemental pay fund for its members. Over the past decade, the organization has shown steady growth in assets, from $5,822,053 in 2014 to $9,523,242 in 2023, indicating sound financial management and accumulation of reserves. Revenue and expenses have fluctuated, but the organization generally maintains a positive net income, as seen in 2023 with revenues of $4,268,558 against expenses of $3,208,270. The absence of reported officer compensation across all filings suggests a lean administrative structure, which is a positive indicator of efficiency and dedication to its primary purpose. The organization's liabilities have remained relatively low compared to its assets, further reinforcing its financial health. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise spending efficiency ratio cannot be calculated, but the overall financial trends suggest a well-managed fund focused on its beneficiaries.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ironworkers Local No 6 Medical And Sub Pay 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, Ironworkers Local No 6 Medical And Sub Pay 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

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, which is highly unusual for an organization of its size with assets exceeding $9 million.

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 Ironworkers Local No 6 Medical And Sub Pay Fund's IRS 990 filings:

No reported officer compensation despite significant assets and revenue, which is unusual and warrants further inquiry into how leadership is compensated or if it's entirely volunteer-run.

Strengths

The following positive indicators were identified for Ironworkers Local No 6 Medical And Sub Pay Fund:

Consistent asset growth, from $5.8 million in 2014 to $9.5 million in 2023, indicating strong financial management.
Low liabilities relative to assets, suggesting a healthy balance sheet.
Positive net income in most years, demonstrating financial sustainability (e.g., $4.2M revenue vs. $3.2M expenses in 2023).
No reported officer compensation, potentially indicating a highly efficient and mission-focused operation.

Frequently Asked Questions about Ironworkers Local No 6 Medical And Sub Pay Fund

How does Ironworkers Local No 6 Medical And Sub Pay Fund manage to operate without reported officer compensation?

The IRS 990 filings consistently show 0% officer compensation. This could mean that officers are volunteers, compensated through a related entity, or that their compensation is categorized differently within the expense structure, which would require further investigation beyond the summary data provided.

What is the primary purpose of this organization?

Based on its name, 'Ironworkers Local No 6 Medical And Sub Pay Fund,' its primary purpose is to provide medical and supplemental pay benefits to members of Ironworkers Local No 6.

Is the organization financially stable?

Yes, the organization appears financially stable. Its assets have grown consistently over the past decade, from $5.8 million in 2014 to $9.5 million in 2023, and liabilities remain low relative to assets.

Filing History

IRS 990 filing history for Ironworkers Local No 6 Medical And Sub Pay Fund showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Ironworkers Local No 6 Medical And Sub Pay Fund's revenue has grown by 20.3%, moving from $3.5M to $4.3M. Total assets increased by 92.6% over the same period, from $4.9M to $9.5M. Total functional expenses fell by 4.9%, from $3.4M to $3.2M. In its most recent filing year (2023), Ironworkers Local No 6 Medical And Sub Pay Fund reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $122K in liabilities against $9.5M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $9.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.3M	$3.2M	$9.5M	$122K	—	View 990
2022	$3.4M	$3.3M	$8.6M	$177K	—	View 990
2021	$3.6M	$2.6M	$9.1M	$129K	—	—
2020	$2.9M	$3.6M	$7.7M	$68K	—	View 990
2019	$3.9M	$3.8M	$8.2M	$105K	—	View 990
2018	$4.5M	$3.5M	$8.1M	$250K	—	—
2017	$3.5M	$3.6M	$7.0M	$129K	—	View 990
2016	$4.2M	$3.8M	$6.9M	$155K	—	View 990
2015	$4.3M	$3.7M	$6.5M	$199K	—	View 990
2014	$3.4M	$3.1M	$5.8M	$278K	—	View 990
2013	$3.2M	$3.4M	$4.7M	$75K	—	View 990
2012	$3.5M	$3.4M	$4.9M	$43K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.3M, expenses of $3.2M, and assets of $9.5M (revenue +26.3% year-over-year).
2022: Revenue of $3.4M, expenses of $3.3M, and assets of $8.6M (revenue -6.5% year-over-year).
2021: Revenue of $3.6M, expenses of $2.6M, and assets of $9.1M (revenue +26.0% year-over-year).
2020: Revenue of $2.9M, expenses of $3.6M, and assets of $7.7M (revenue -26.2% year-over-year).
2019: Revenue of $3.9M, expenses of $3.8M, and assets of $8.2M (revenue -12.6% year-over-year).
2018: Revenue of $4.5M, expenses of $3.5M, and assets of $8.1M (revenue +25.8% year-over-year).
2017: Revenue of $3.5M, expenses of $3.6M, and assets of $7.0M (revenue -16.5% year-over-year).
2016: Revenue of $4.2M, expenses of $3.8M, and assets of $6.9M (revenue -1.1% year-over-year).
2015: Revenue of $4.3M, expenses of $3.7M, and assets of $6.5M (revenue +25.7% year-over-year).
2014: Revenue of $3.4M, expenses of $3.1M, and assets of $5.8M (revenue +5.4% year-over-year).
2013: Revenue of $3.2M, expenses of $3.4M, and assets of $4.7M (revenue -8.9% year-over-year).
2012: Revenue of $3.5M, expenses of $3.4M, and assets of $4.9M.

Data Sources and Methodology

This transparency report for Ironworkers Local No 6 Medical And Sub Pay 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.