Laborers Local 785 Health & Welfare Trust

Laborers Local 785 Health & Welfare Trust consistently spends more than it earns, relying on substantial assets.

EIN: 166054286 · Ithaca, NY · Updated: 2026-03-28

$9.3MRevenue

$12.9MAssets

75/100Mission Score (Good)

About Laborers Local 785 Health & Welfare Trust

Laborers Local 785 Health & Welfare Trust (EIN: 166054286) is a nonprofit organization based in Ithaca, NY. The organization reported total revenue of $9.3M and total assets of $12.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laborers Local 785 Health & Welfare Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Laborers Local 785 Health & Welfare Trust demonstrates consistent financial activity, with revenues and expenses generally in the range of $4-6 million annually over the past decade. The organization consistently holds significant assets, averaging over $12 million, which provides a strong financial cushion. However, the organization has frequently operated with expenses exceeding revenue, as seen in 2023 ($5,009,452 expenses vs. $4,848,979 revenue) and 2022 ($4,974,635 expenses vs. $4,557,534 revenue), indicating a reliance on existing assets or investment income to cover operational costs. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in this section of the 990, which would warrant further investigation. Given its nature as a Health & Welfare Trust, its primary function is likely to provide benefits, which would be categorized under program spending.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Laborers Local 785 Health & Welfare Trust with a Mission Score of 75 out of 100 (Good). 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 785 Health & Welfare Trust 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.

Executive Compensation Analysis

Officer compensation is consistently reported as 0% across all available filings, suggesting either that no officers receive compensation or that compensation is reported under other expense categories, which would require deeper scrutiny of the full 990 forms.

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 785 Health & Welfare Trust's IRS 990 filings:

Consistent operational deficits (expenses exceeding revenue) in multiple years (e.g., 2023, 2022, 2021, 2018, 2017, 2016, 2015, 2014).
Unclear source of funding for consistent operational deficits.
0% officer compensation reported across all filings, which may warrant further investigation into how executive leadership is compensated or if it's reported elsewhere.

Strengths

The following positive indicators were identified for Laborers Local 785 Health & Welfare Trust:

Strong asset base, consistently over $10 million, providing financial stability.
Low liabilities relative to assets, indicating good financial management of debt.
Consistent filing history, demonstrating transparency in reporting to the IRS.

Frequently Asked Questions about Laborers Local 785 Health & Welfare Trust

How does Laborers Local 785 Health & Welfare Trust cover its operational deficits, given that expenses frequently exceed revenue?

The organization likely covers its operational deficits by drawing from its substantial asset base, which has consistently been over $10 million, or through investment income not fully captured in the 'Revenue' line item.

What specific programs or benefits does the Trust provide to its members?

As a Health & Welfare Trust, it is presumed to provide health and welfare benefits to laborers, but the specific nature and scope of these programs are not detailed in the provided summary data.

Why is officer compensation consistently reported as 0%?

This could mean that officers are uncompensated, compensated by a related entity, or their compensation is reported under different expense categories within the full IRS 990 form, such as 'Salaries and wages' for non-officer employees or contractors.

What is the long-term sustainability of the Trust's financial model if expenses continue to outpace revenue?

While the Trust has significant assets, a sustained trend of expenses exceeding revenue could gradually deplete its reserves, potentially impacting its long-term ability to provide benefits without adjustments to revenue generation or expense management.

Filing History

IRS 990 filing history for Laborers Local 785 Health & Welfare Trust showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Laborers Local 785 Health & Welfare Trust's revenue has grown by 262.6%, moving from $1.3M to $4.8M. Total assets increased by 6.7% over the same period, from $10.4M to $11.1M. Total functional expenses rose by 270.4%, from $1.4M to $5.0M. In its most recent filing year (2023), Laborers Local 785 Health & Welfare Trust reported a deficit of $160K, with expenses exceeding revenue. The organization holds $510K in liabilities against $11.1M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $10.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.8M	$5.0M	$11.1M	$510K	—	—
2022	$4.6M	$5.0M	$10.3M	$219K	—	View 990
2021	$5.2M	$5.8M	$12.0M	$282K	—	View 990
2020	$5.8M	$5.5M	$12.4M	$112K	—	—
2019	$6.0M	$5.2M	$12.5M	$27K	—	—
2018	$5.4M	$6.0M	$11.6M	$63K	—	View 990
2017	$4.9M	$5.4M	$12.5M	$40K	—	View 990
2016	$4.3M	$5.3M	$12.1M	$51K	—	View 990
2015	$4.1M	$4.5M	$12.8M	$213K	—	View 990
2014	$4.3M	$4.6M	$13.4M	$126K	—	View 990
2013	$4.9M	$4.2M	$13.9M	$600K	—	View 990
2012	$3.0M	$2.7M	$13.2M	$519K	—	View 990
2011	$1.3M	$1.4M	$10.4M	$342K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.8M, expenses of $5.0M, and assets of $11.1M (revenue +6.4% year-over-year).
2022: Revenue of $4.6M, expenses of $5.0M, and assets of $10.3M (revenue -12.3% year-over-year).
2021: Revenue of $5.2M, expenses of $5.8M, and assets of $12.0M (revenue -10.9% year-over-year).
2020: Revenue of $5.8M, expenses of $5.5M, and assets of $12.4M (revenue -3.1% year-over-year).
2019: Revenue of $6.0M, expenses of $5.2M, and assets of $12.5M (revenue +11.8% year-over-year).
2018: Revenue of $5.4M, expenses of $6.0M, and assets of $11.6M (revenue +9.9% year-over-year).
2017: Revenue of $4.9M, expenses of $5.4M, and assets of $12.5M (revenue +13.6% year-over-year).
2016: Revenue of $4.3M, expenses of $5.3M, and assets of $12.1M (revenue +4.8% year-over-year).
2015: Revenue of $4.1M, expenses of $4.5M, and assets of $12.8M (revenue -5.0% year-over-year).
2014: Revenue of $4.3M, expenses of $4.6M, and assets of $13.4M (revenue -11.3% year-over-year).
2013: Revenue of $4.9M, expenses of $4.2M, and assets of $13.9M (revenue +62.9% year-over-year).
2012: Revenue of $3.0M, expenses of $2.7M, and assets of $13.2M (revenue +124.2% year-over-year).
2011: Revenue of $1.3M, expenses of $1.4M, and assets of $10.4M.

Data Sources and Methodology

This transparency report for Laborers Local 785 Health & Welfare Trust 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.