Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274
Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274: Stable Finances, High Program Spending
EIN: 221530864 · Hopatcong, NJ · NTEE: E81Z · Updated: 2026-04-04
Is Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274
Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 (EIN: 221530864) is a nonprofit organization based in Hopatcong, NJ, classified under NTEE code E81Z. The organization reported total revenue of $11.8M and total assets of $17.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274'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 Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 in the available filings, which may indicate that executive salaries are either not paid directly by the fund or are reported under different expense categories.
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 Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274:
- Consistent revenue generation, with reported revenue of $10,706,939 in 2023.
- Strong asset growth, reaching $15,130,522 in 2023.
- Low liabilities relative to assets, with liabilities at $1,149,011 in 2023.
- High percentage of expenses dedicated to programs, indicating efficient use of funds for its mission.
Frequently Asked Questions about Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274
Is Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 a legitimate charity?
Based on AI analysis of IRS 990 filings, Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 (EIN: 221530864) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 spend its money?
Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 tax-deductible?
Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 is registered as a tax-exempt nonprofit (EIN: 221530864). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 do?
Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 is a nonprofit organization in the Health Care sector, located in Hopatcong, New Jersey. It is classified under NTEE code E81Z.
How much revenue does Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 have?
Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 reported total revenue of $11,838,777. Based on 13 IRS 990 filings on record.
What are Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274's total assets?
Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 holds total assets of $17,153,575 as reported in IRS 990 filings.
Where is Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 located?
Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 is based in Hopatcong, New Jersey.
What is Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274's EIN?
Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274's Employer Identification Number (EIN) is 221530864. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274?
Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 is classified under NTEE code E81Z (Health Care).
Is Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 a registered 501(c)(3)?
Yes, Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 is recognized as a tax-exempt organization by the IRS. EIN: 221530864.
Does Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 file IRS Form 990?
Yes, Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274's revenue in 2023?
In the 202312 filing period, Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 reported total revenue of $10,706,939, total expenses of $8,272,882, and net assets of $15,130,522.
Is Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274's revenue growing or declining?
Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274's revenue is growing. Revenue went from $8,378,031 (202212) to $10,706,939 (202312), a +27.8% change. Based on 13 filings on record.
What is Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274's most recent 990 filing?
The most recent IRS Form 990 filing for Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 covers tax period 202312. It shows revenue of $10,706,939, expenses of $8,272,882, total assets of $15,130,522, and liabilities of $1,149,011.
How much does Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 spend on programs vs administration?
Based on IRS 990 analysis, Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 a trustworthy charity?
Based on AI analysis of IRS 990 data, Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274's strengths?
Positive indicators for Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 include: Consistent revenue generation, with reported revenue of $10,706,939 in 2023.. Strong asset growth, reaching $15,130,522 in 2023.. Low liabilities relative to assets, with liabilities at $1,149,011 in 2023.. High percentage of expenses dedicated to programs, indicating efficient use of funds for its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 compensate executives?
Executive compensation is consistently reported as $0 in the available filings, which may indicate that executive salaries are either not paid directly by the fund or are reported under different expense categories. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% executive compensation reported, how are the leadership and administrative functions of the fund compensated, and what is the total cost associated with these roles?
The filings consistently show $0 for compensation of officers, directors, trustees, and key employees. This suggests that either these roles are voluntary, compensated through an affiliated entity, or their compensation is categorized differently within the expense reports, such as 'other expenses' or 'administrative expenses' rather than direct compensation.
What specific welfare benefits are provided by the fund, and how do the reported expenses of $8,272,882 in 2023 directly translate into these benefits for members?
While the filings provide total expenses, they do not detail the specific welfare benefits (e.g., health, pension, disability) that comprise the bulk of the $8,272,882 in expenses. A more detailed breakdown of program service accomplishments would be needed to understand the direct impact of these expenditures on members.
Filing History
IRS 990 filing history for Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274's revenue has grown by 25.3%, moving from $8.5M to $10.7M. Total assets increased by 430.5% over the same period, from $2.9M to $15.1M. Total functional expenses rose by 49.7%, from $5.5M to $8.3M. In its most recent filing year (2023), Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $15.1M in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $14.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.7M | $8.3M | $15.1M | $1.1M | — | — |
| 2022 | $8.4M | $9.6M | $12.9M | $1.3M | — | View 990 |
| 2021 | $11.0M | $8.4M | $14.3M | $1.5M | — | View 990 |
| 2020 | $10.3M | $9.7M | $11.6M | $1.6M | — | — |
| 2019 | $13.4M | $12.3M | $11.5M | $2.1M | — | View 990 |
| 2018 | $11.3M | $9.6M | $9.8M | $1.5M | — | View 990 |
| 2017 | $10.9M | $8.1M | $8.0M | $1.4M | — | — |
| 2016 | $8.2M | $8.2M | $5.4M | $1.6M | — | View 990 |
| 2015 | $7.2M | $7.5M | $5.3M | $1.4M | — | View 990 |
| 2014 | $8.4M | $7.3M | $5.8M | $1.7M | — | View 990 |
| 2013 | $7.2M | $6.6M | $4.4M | $1.4M | — | View 990 |
| 2012 | $8.4M | $7.3M | $3.9M | $1.5M | — | View 990 |
| 2011 | $8.5M | $5.5M | $2.9M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.7M, expenses of $8.3M, and assets of $15.1M (revenue +27.8% year-over-year).
- 2022: Revenue of $8.4M, expenses of $9.6M, and assets of $12.9M (revenue -24.1% year-over-year).
- 2021: Revenue of $11.0M, expenses of $8.4M, and assets of $14.3M (revenue +7.2% year-over-year).
- 2020: Revenue of $10.3M, expenses of $9.7M, and assets of $11.6M (revenue -23.1% year-over-year).
- 2019: Revenue of $13.4M, expenses of $12.3M, and assets of $11.5M (revenue +18.7% year-over-year).
- 2018: Revenue of $11.3M, expenses of $9.6M, and assets of $9.8M (revenue +3.3% year-over-year).
- 2017: Revenue of $10.9M, expenses of $8.1M, and assets of $8.0M (revenue +33.7% year-over-year).
- 2016: Revenue of $8.2M, expenses of $8.2M, and assets of $5.4M (revenue +12.7% year-over-year).
- 2015: Revenue of $7.2M, expenses of $7.5M, and assets of $5.3M (revenue -13.3% year-over-year).
- 2014: Revenue of $8.4M, expenses of $7.3M, and assets of $5.8M (revenue +16.7% year-over-year).
- 2013: Revenue of $7.2M, expenses of $6.6M, and assets of $4.4M (revenue -14.5% year-over-year).
- 2012: Revenue of $8.4M, expenses of $7.3M, and assets of $3.9M (revenue -2.0% year-over-year).
- 2011: Revenue of $8.5M, expenses of $5.5M, and assets of $2.9M.
Data Sources and Methodology
This transparency report for Journeymen Of Plumb & Pipefitting Industry Welfare Fund Local 274 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.