Laborers Local 235 Welfare Fund
Laborers Local 235 Welfare Fund demonstrates consistent financial growth with increasing assets and no reported officer compensation.
EIN: 131777458 · Elmsford, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27.3M |
| Total Expenses | $6.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $11.1M |
| Transparency Score | 85/100 |
Is Laborers Local 235 Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laborers Local 235 Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laborers Local 235 Welfare Fund
Laborers Local 235 Welfare Fund (EIN: 131777458) is a nonprofit organization based in Elmsford, NY. The organization reported total revenue of $27.3M and total assets of $14.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laborers Local 235 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laborers Local 235 Welfare Fund is a large nonprofit that has been operating for 67 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.8M |
| Total Expenses | $6.1M |
| Surplus / Deficit | +$4.7M |
| Total Assets | $11.9M |
| Total Liabilities | $851K |
| Net Assets | $11.1M |
| Operating Margin | 43.7% |
| Debt-to-Asset Ratio | 7.1% |
| Months of Reserves | 23.6 months |
Financial Health Grade: A
In 2023, Laborers Local 235 Welfare Fund reported a surplus of $4.7M with revenue exceeding expenses, holds 23.6 months of operating reserves (strong position), has a debt-to-asset ratio of 7.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Laborers Local 235 Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.7% | -14.1% | +61.7% |
| 2022 | +2.2% | -15.6% | +33.6% |
| 2021 | +17.8% | -9.3% | +16.1% |
| 2020 | -17.0% | -11.3% | -22.4% |
| 2019 | -5.6% | +8.9% | -13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1959 |
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 Laborers Local 235 Welfare 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Laborers Local 235 Welfare Fund allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $4.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.1%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, including the latest period (202312), which is unusual for an organization with revenues exceeding $10 million. This suggests that executive compensation may be handled through other means or not directly reported on the 990, warranting further investigation for complete transparency.
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 Laborers Local 235 Welfare Fund's IRS 990 filings:
- Lack of reported officer compensation, which could obscure total leadership costs if paid by a related entity.
- NTEE code is unknown, making it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Laborers Local 235 Welfare Fund:
- Consistent revenue generation exceeding expenses, leading to healthy surpluses.
- Significant growth in assets, from $7,369,270 in 202212 to $11,918,320 in 202312, indicating strong financial management.
- Liabilities remain a small percentage of total assets, suggesting good financial stability.
- Long filing history (13 filings) demonstrates consistent compliance and operational longevity.
Frequently Asked Questions about Laborers Local 235 Welfare Fund
Is Laborers Local 235 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Laborers Local 235 Welfare Fund (EIN: 131777458) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Laborers Local 235 Welfare Fund spend its money?
Laborers Local 235 Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Laborers Local 235 Welfare Fund tax-deductible?
Laborers Local 235 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 131777458). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Laborers Local 235 Welfare Fund CEO make?
Laborers Local 235 Welfare Fund's highest-compensated officer earns $10 annually. The organization reported $27.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Laborers Local 235 Welfare Fund's spending goes to programs?
Laborers Local 235 Welfare Fund directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Laborers Local 235 Welfare Fund located?
Laborers Local 235 Welfare Fund is headquartered in Elmsford, New York and files with the IRS under EIN 131777458.
How many years of IRS 990 filings does Laborers Local 235 Welfare Fund have?
Laborers Local 235 Welfare 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 $27.3M in total revenue.
How does the Laborers Local 235 Welfare Fund define and report its program service expenses?
The provided data does not detail the specific breakdown of program service expenses. As a welfare fund, it is presumed that the majority of expenses are for member benefits, but a detailed functional expense statement would clarify this.
Why is there no officer compensation reported across any of the 990 filings?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and revenue. This could indicate that compensation is paid by a related entity, or that the fund operates with entirely volunteer leadership, which would be a significant positive for efficiency.
What is the specific purpose of the 'Laborers Local 235 Welfare Fund' and how does it align with its spending?
As a welfare fund, its purpose is typically to provide health, retirement, or other benefits to union members. The consistent revenue and asset growth suggest it is fulfilling its financial obligations, but a detailed program description would confirm alignment.
Filing History
IRS 990 filing history for Laborers Local 235 Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Laborers Local 235 Welfare Fund's revenue has grown by 92.5%, moving from $5.6M to $10.8M. Total assets increased by 118.5% over the same period, from $5.5M to $11.9M. Total functional expenses rose by 1.3%, from $6.0M to $6.1M. In its most recent filing year (2023), Laborers Local 235 Welfare Fund reported a surplus of $4.7M, with revenue exceeding expenses. The organization holds $851K in liabilities against $11.9M in assets (debt-to-asset ratio: 7.1%), resulting in net assets of $11.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.8M | $6.1M | $11.9M | $851K | — | — |
| 2022 | $9.1M | $7.1M | $7.4M | $1.2M | — | View 990 |
| 2021 | $8.9M | $8.4M | $5.5M | $1.1M | — | View 990 |
| 2020 | $7.6M | $9.2M | $4.7M | $920K | — | View 990 |
| 2019 | $9.1M | $10.4M | $6.1M | $568K | — | — |
| 2018 | $9.7M | $9.5M | $7.1M | $565K | — | View 990 |
| 2017 | $8.2M | $8.3M | $7.9M | $1.2M | — | View 990 |
| 2016 | $7.8M | $8.0M | $7.0M | $529K | — | View 990 |
| 2015 | $8.2M | $8.8M | $7.3M | $589K | — | View 990 |
| 2014 | $8.9M | $6.7M | $8.3M | $790K | — | View 990 |
| 2013 | $7.6M | $5.9M | $6.1M | $802K | — | View 990 |
| 2012 | $4.9M | $6.3M | $4.2M | $697K | — | View 990 |
| 2011 | $5.6M | $6.0M | $5.5M | $451K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.8M, expenses of $6.1M, and assets of $11.9M (revenue +17.7% year-over-year).
- 2022: Revenue of $9.1M, expenses of $7.1M, and assets of $7.4M (revenue +2.2% year-over-year).
- 2021: Revenue of $8.9M, expenses of $8.4M, and assets of $5.5M (revenue +17.8% year-over-year).
- 2020: Revenue of $7.6M, expenses of $9.2M, and assets of $4.7M (revenue -17.0% year-over-year).
- 2019: Revenue of $9.1M, expenses of $10.4M, and assets of $6.1M (revenue -5.6% year-over-year).
- 2018: Revenue of $9.7M, expenses of $9.5M, and assets of $7.1M (revenue +18.0% year-over-year).
- 2017: Revenue of $8.2M, expenses of $8.3M, and assets of $7.9M (revenue +4.7% year-over-year).
- 2016: Revenue of $7.8M, expenses of $8.0M, and assets of $7.0M (revenue -3.8% year-over-year).
- 2015: Revenue of $8.2M, expenses of $8.8M, and assets of $7.3M (revenue -8.0% year-over-year).
- 2014: Revenue of $8.9M, expenses of $6.7M, and assets of $8.3M (revenue +16.6% year-over-year).
- 2013: Revenue of $7.6M, expenses of $5.9M, and assets of $6.1M (revenue +55.7% year-over-year).
- 2012: Revenue of $4.9M, expenses of $6.3M, and assets of $4.2M (revenue -12.7% year-over-year).
- 2011: Revenue of $5.6M, expenses of $6.0M, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laborers Local 235 Welfare Fund:
Data Sources and Methodology
This transparency report for Laborers Local 235 Welfare 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.