Laborers Union No 91 Welfare Fund

Laborers Union No 91 Welfare Fund consistently reports zero officer compensation and steady asset growth.

EIN: 160776158 · Niagara Falls, NY · Updated: 2026-03-28

$4.1MRevenue

$7.5MAssets

90/100Mission Score (Excellent)

About Laborers Union No 91 Welfare Fund

Laborers Union No 91 Welfare Fund (EIN: 160776158) is a nonprofit organization based in Niagara Falls, NY. The organization reported total revenue of $4.1M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laborers Union No 91 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Laborers Union No 91 Welfare Fund demonstrates consistent financial activity, with revenues and expenses generally in the range of $3.2 million to $5.3 million over the past decade. The organization consistently reports zero officer compensation, which is a significant positive indicator for transparency and efficient use of funds, as it suggests that the primary beneficiaries are the members themselves rather than highly compensated executives. The fund has also shown a healthy growth in assets, increasing from $2.1 million in 2014 to over $7.5 million currently, indicating sound financial management and accumulation of resources to support its welfare objectives. Liabilities have remained relatively low and stable compared to assets, further reinforcing financial stability.

Spending efficiency appears strong given the nature of a welfare fund, where the majority of expenses are typically direct benefits to members. Without a detailed breakdown of program vs. administrative costs, it's challenging to precisely quantify efficiency, but the absence of executive compensation suggests a lean operational structure. The consistent filing of IRS Form 990s over a long period also points to a commitment to regulatory compliance and transparency, allowing public scrutiny of its financial operations. Overall, the fund appears to be well-managed and focused on its stated purpose.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Laborers Union No 91 Welfare Fund with a Mission Score of 90 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, Laborers Union No 91 Welfare 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

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization of this size and suggests a strong commitment to directing funds towards its mission.

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 Union No 91 Welfare Fund's IRS 990 filings:

NTEE Code is unknown, which limits understanding of its specific programmatic focus.

Strengths

The following positive indicators were identified for Laborers Union No 91 Welfare Fund:

Consistent zero officer compensation across all filings, indicating high efficiency and direct benefit to members.
Significant asset growth from $2.1 million in 2014 to $7.5 million currently, demonstrating strong financial management.
Consistent positive net income in most years, contributing to financial stability and asset accumulation.
Low and stable liabilities relative to assets, indicating a healthy balance sheet.
Long history of IRS 990 filings, suggesting transparency and compliance.

Frequently Asked Questions about Laborers Union No 91 Welfare Fund

Is Laborers Union No 91 Welfare Fund a good charity?

Based on the available IRS 990 data, the Laborers Union No 91 Welfare Fund appears to be a well-managed organization. Key indicators include consistent zero officer compensation, healthy asset growth from $2.1M in 2014 to $7.5M currently, and stable financial operations with revenues consistently exceeding expenses in most years. These factors suggest strong financial health and a focus on its welfare mission.

How has the organization's financial health changed over time?

The organization's financial health has improved significantly over the past decade. Assets have more than tripled from $2,125,891 in 2014 to $7,513,092 currently. While revenues and expenses fluctuate, the fund has generally maintained a positive net income, contributing to this asset growth. Liabilities have remained manageable relative to assets.

What is the trend in revenue and expenses?

Revenue has fluctuated, peaking at $5,361,599 in 2015 and most recently at $4,086,695. Expenses have generally followed a similar trend, staying below revenue in most years, indicating financial stability. For example, in 2023, revenue was $3,773,072 against expenses of $3,253,948.

Filing History

IRS 990 filing history for Laborers Union No 91 Welfare Fund showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Laborers Union No 91 Welfare Fund's revenue has declined by 14.8%, moving from $4.4M to $3.8M. Total assets increased by 326.7% over the same period, from $1.4M to $6.0M. Total functional expenses fell by 19.6%, from $4.0M to $3.3M. In its most recent filing year (2023), Laborers Union No 91 Welfare Fund reported a surplus of $519K, with revenue exceeding expenses. The organization holds $116K in liabilities against $6.0M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $5.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.8M	$3.3M	$6.0M	$116K	—	View 990
2022	$3.8M	$3.3M	$5.6M	$87K	—	View 990
2021	$3.3M	$3.3M	$5.4M	$146K	—	—
2020	$4.2M	$3.7M	$5.1M	$103K	—	—
2019	$4.0M	$3.5M	$4.6M	$188K	—	View 990
2018	$4.2M	$3.7M	$4.0M	$103K	—	View 990
2017	$3.5M	$3.6M	$3.6M	$47K	—	View 990
2016	$4.6M	$4.3M	$3.4M	$43K	—	View 990
2015	$5.4M	$4.2M	$3.7M	$574K	—	View 990
2014	$4.7M	$3.9M	$2.1M	$98K	—	View 990
2013	$3.7M	$3.8M	$1.3M	$33K	—	View 990
2012	$4.4M	$4.0M	$1.4M	$79K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.8M, expenses of $3.3M, and assets of $6.0M (revenue -0.9% year-over-year).
2022: Revenue of $3.8M, expenses of $3.3M, and assets of $5.6M (revenue +16.5% year-over-year).
2021: Revenue of $3.3M, expenses of $3.3M, and assets of $5.4M (revenue -21.3% year-over-year).
2020: Revenue of $4.2M, expenses of $3.7M, and assets of $5.1M (revenue +4.1% year-over-year).
2019: Revenue of $4.0M, expenses of $3.5M, and assets of $4.6M (revenue -4.1% year-over-year).
2018: Revenue of $4.2M, expenses of $3.7M, and assets of $4.0M (revenue +19.4% year-over-year).
2017: Revenue of $3.5M, expenses of $3.6M, and assets of $3.6M (revenue -24.0% year-over-year).
2016: Revenue of $4.6M, expenses of $4.3M, and assets of $3.4M (revenue -14.5% year-over-year).
2015: Revenue of $5.4M, expenses of $4.2M, and assets of $3.7M (revenue +13.4% year-over-year).
2014: Revenue of $4.7M, expenses of $3.9M, and assets of $2.1M (revenue +27.7% year-over-year).
2013: Revenue of $3.7M, expenses of $3.8M, and assets of $1.3M (revenue -16.4% year-over-year).
2012: Revenue of $4.4M, expenses of $4.0M, and assets of $1.4M.

Data Sources and Methodology

This transparency report for Laborers Union No 91 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.