Labor Management Healthcare Fund
Labor Management Healthcare Fund consistently disburses nearly all revenue for benefits with no reported officer compensation.
EIN: 200422657 · Cheektowaga, NY · NTEE: Y43 · Updated: 2026-03-28
Is Labor Management Healthcare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Labor Management Healthcare Fund directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Labor Management Healthcare Fund
Labor Management Healthcare Fund (EIN: 200422657) is a nonprofit organization based in Cheektowaga, NY, classified under NTEE code Y43. The organization reported total revenue of $277.9M and total assets of $56.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Labor Management Healthcare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Labor Management Healthcare Fund is a major 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 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $263.6M |
| Total Expenses | $263.4M |
| Surplus / Deficit | +$205K |
| Total Assets | $45.8M |
| Total Liabilities | $43.3M |
| Net Assets | $2.5M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 94.5% |
| Months of Reserves | 2.1 months |
Financial Health Grade: B
In 2023, Labor Management Healthcare Fund reported a surplus of $205K with revenue exceeding expenses, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 94.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Labor Management Healthcare Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.1% | +5.9% | +12.0% |
| 2022 | +2.8% | +2.9% | +21.6% |
| 2021 | +6.3% | +6.2% | +17.1% |
| 2020 | +3.3% | +3.3% | +2.0% |
| 2019 | +5.5% | +5.5% | +1.4% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Labor Management Healthcare Fund 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Labor Management Healthcare Fund allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 $205K, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers or that these costs are absorbed elsewhere, which is highly unusual for an organization of this scale ($277M latest revenue) and suggests a strong commitment to direct program spending.
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 Labor Management Healthcare Fund's IRS 990 filings:
- Lack of detailed administrative expense breakdown given 0% officer compensation, raising questions about how operational leadership is compensated or structured.
Strengths
The following positive indicators were identified for Labor Management Healthcare Fund:
- Extremely high program spending ratio, with nearly all revenue going towards its mission (healthcare benefits).
- Consistent reporting of 0% officer compensation, indicating a strong focus on direct benefit provision.
- Steady growth in assets over the past decade, from $15.8M in 2014 to $45.7M in 2023, enhancing financial stability.
- Consistent revenue generation, demonstrating a stable funding base for its operations.
Frequently Asked Questions about Labor Management Healthcare Fund
Is Labor Management Healthcare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Labor Management Healthcare Fund (EIN: 200422657) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Labor Management Healthcare Fund spend its money?
Labor Management Healthcare Fund directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Labor Management Healthcare Fund tax-deductible?
Labor Management Healthcare Fund is registered as a tax-exempt nonprofit (EIN: 200422657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation suggests that either officers are volunteers, their compensation is covered by a related entity, or it's categorized under other administrative expenses not explicitly listed as officer compensation on the 990. This is a notable point for further inquiry into the operational structure.
What is the primary use of the organization's growing assets?
Given the nature of a healthcare fund, the growing assets, from $15.8M in 2014 to $45.7M in 2023, likely serve as reserves to ensure the continuous provision of healthcare benefits, manage fluctuations in claims, or potentially for investment to support future benefit obligations.
Is the organization financially sustainable given its tight operating margins?
Despite tight operating margins where expenses often closely match or slightly exceed revenue, the consistent growth in assets and the nature of a healthcare fund (often operating on a pass-through model) suggest sustainability. The fund's ability to cover its liabilities, which have also grown, indicates sound financial management.
Filing History
IRS 990 filing history for Labor Management Healthcare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Labor Management Healthcare Fund's revenue has grown by 56%, moving from $169.0M to $263.6M. Total assets increased by 132.4% over the same period, from $19.7M to $45.8M. Total functional expenses rose by 56.1%, from $168.7M to $263.4M. In its most recent filing year (2023), Labor Management Healthcare Fund reported a surplus of $205K, with revenue exceeding expenses. The organization holds $43.3M in liabilities against $45.8M in assets (debt-to-asset ratio: 94.5%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $263.6M | $263.4M | $45.8M | $43.3M | — | View 990 |
| 2022 | $248.5M | $248.8M | $40.9M | $38.6M | — | View 990 |
| 2021 | $241.6M | $241.8M | $33.6M | $30.9M | — | View 990 |
| 2020 | $227.3M | $227.7M | $28.7M | $25.9M | — | — |
| 2019 | $220.2M | $220.3M | $28.1M | $25.0M | — | View 990 |
| 2018 | $208.7M | $208.8M | $27.7M | $24.5M | — | View 990 |
| 2017 | $206.4M | $206.2M | $30.1M | $26.7M | — | View 990 |
| 2016 | $205.0M | $204.7M | $20.6M | $17.4M | — | View 990 |
| 2015 | $223.3M | $222.3M | $20.2M | $17.2M | — | View 990 |
| 2014 | $199.2M | $199.0M | $15.9M | $13.9M | — | View 990 |
| 2013 | $184.6M | $184.8M | $14.6M | $12.8M | — | View 990 |
| 2012 | $181.5M | $181.3M | $14.8M | $12.9M | — | View 990 |
| 2011 | $169.0M | $168.7M | $19.7M | $17.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $263.6M, expenses of $263.4M, and assets of $45.8M (revenue +6.1% year-over-year).
- 2022: Revenue of $248.5M, expenses of $248.8M, and assets of $40.9M (revenue +2.8% year-over-year).
- 2021: Revenue of $241.6M, expenses of $241.8M, and assets of $33.6M (revenue +6.3% year-over-year).
- 2020: Revenue of $227.3M, expenses of $227.7M, and assets of $28.7M (revenue +3.3% year-over-year).
- 2019: Revenue of $220.2M, expenses of $220.3M, and assets of $28.1M (revenue +5.5% year-over-year).
- 2018: Revenue of $208.7M, expenses of $208.8M, and assets of $27.7M (revenue +1.1% year-over-year).
- 2017: Revenue of $206.4M, expenses of $206.2M, and assets of $30.1M (revenue +0.7% year-over-year).
- 2016: Revenue of $205.0M, expenses of $204.7M, and assets of $20.6M (revenue -8.2% year-over-year).
- 2015: Revenue of $223.3M, expenses of $222.3M, and assets of $20.2M (revenue +12.1% year-over-year).
- 2014: Revenue of $199.2M, expenses of $199.0M, and assets of $15.9M (revenue +7.9% year-over-year).
- 2013: Revenue of $184.6M, expenses of $184.8M, and assets of $14.6M (revenue +1.7% year-over-year).
- 2012: Revenue of $181.5M, expenses of $181.3M, and assets of $14.8M (revenue +7.4% year-over-year).
- 2011: Revenue of $169.0M, expenses of $168.7M, and assets of $19.7M.
Data Sources and Methodology
This transparency report for Labor Management Healthcare 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.