Local 108 Health Fund
Local 108 Health Fund: Stable Finances, High Program Spending, but Limited Public Transparency
EIN: 221616297 · Maplewood, NJ · NTEE: Y43 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $12.0M |
| Total Expenses | $3.3M |
| Program Spending | 90% |
| Net Assets | $11.7M |
| Transparency Score | 75/100 |
Is Local 108 Health Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 108 Health Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 108 Health Fund
Local 108 Health Fund (EIN: 221616297) is a nonprofit organization based in Maplewood, NJ, classified under NTEE code Y43. The organization reported total revenue of $12.0M and total assets of $13.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 108 Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 108 Health Fund is a large nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.3M |
| Surplus / Deficit | +$298K |
| Total Assets | $11.8M |
| Total Liabilities | $110K |
| Net Assets | $11.7M |
| Operating Margin | 8.2% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 42.7 months |
Financial Health Grade: A
In 2023, Local 108 Health Fund reported a surplus of $298K with revenue exceeding expenses, holds 42.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Local 108 Health Fund's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.0% | -0.1% | +0.8% |
| 2022 | -6.2% | +1.5% | -8.7% |
| 2021 | +17.5% | +11.4% | +1.8% |
| 2019 | -100.0% | -100.0% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 Local 108 Health Fund 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Local 108 Health Fund 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $298K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation is not disclosed in the provided data, making a direct assessment impossible.
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 Local 108 Health Fund's IRS 990 filings:
- Lack of detailed executive compensation disclosure.
- Limited public information on program specifics and impact beyond financial figures.
- No clear breakdown of administrative vs. fundraising expenses in the provided data, requiring estimation.
Strengths
The following positive indicators were identified for Local 108 Health Fund:
- Consistent revenue generation over multiple years, with 2023 revenue at $3,618,945.
- Healthy asset base, with $11,805,548 in assets as of 2023.
- Low liabilities relative to assets, indicating financial stability.
- Appears to dedicate a significant portion of expenses to programs based on the nature of a health fund.
Frequently Asked Questions about Local 108 Health Fund
Is Local 108 Health Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 108 Health Fund (EIN: 221616297) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Local 108 Health Fund spend its money?
Local 108 Health Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local 108 Health Fund tax-deductible?
Local 108 Health Fund is registered as a tax-exempt nonprofit (EIN: 221616297). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Local 108 Health Fund's spending goes to programs?
Local 108 Health Fund directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Local 108 Health Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), Local 108 Health Fund is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Local 108 Health Fund located?
Local 108 Health Fund is headquartered in Maplewood, New Jersey and files with the IRS under EIN 221616297. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Local 108 Health Fund have?
Local 108 Health Fund has 12 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 $12.0M in total revenue.
What does Local 108 Health Fund do?
Local 108 Health Fund is a nonprofit organization in the Mutual & Membership Benefit sector, located in Maplewood, New Jersey. It is classified under NTEE code Y43.
How much revenue does Local 108 Health Fund have?
Local 108 Health Fund reported total revenue of $12,002,619. Based on 12 IRS 990 filings on record.
What are Local 108 Health Fund's total assets?
Local 108 Health Fund holds total assets of $13,688,678 as reported in IRS 990 filings.
Where is Local 108 Health Fund located?
Local 108 Health Fund is based in Maplewood, New Jersey.
What is Local 108 Health Fund's EIN?
Local 108 Health Fund's Employer Identification Number (EIN) is 221616297. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Local 108 Health Fund?
Local 108 Health Fund is classified under NTEE code Y43 (Mutual & Membership Benefit).
Is Local 108 Health Fund a registered 501(c)(3)?
Yes, Local 108 Health Fund is recognized as a tax-exempt organization by the IRS. EIN: 221616297.
Does Local 108 Health Fund file IRS Form 990?
Yes, Local 108 Health Fund has 12 IRS Form 990 filings on record. The most recent covers tax period 202307.
What was Local 108 Health Fund's revenue in 2023?
In the 202307 filing period, Local 108 Health Fund reported total revenue of $3,618,945, total expenses of $3,320,559, and net assets of $11,805,548.
Is Local 108 Health Fund's revenue growing or declining?
Local 108 Health Fund's revenue is growing. Revenue went from $2,871,878 (202207) to $3,618,945 (202307), a +26.0% change. Based on 12 filings on record.
What is Local 108 Health Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Local 108 Health Fund covers tax period 202307. It shows revenue of $3,618,945, expenses of $3,320,559, total assets of $11,805,548, and liabilities of $110,311.
How much does Local 108 Health Fund spend on programs vs administration?
Based on IRS 990 analysis, Local 108 Health Fund allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Local 108 Health Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Local 108 Health Fund appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 4 strengths noted.
What are the red flags for Local 108 Health Fund?
The following concerns were identified: Lack of detailed executive compensation disclosure.. Limited public information on program specifics and impact beyond financial figures.. No clear breakdown of administrative vs. fundraising expenses in the provided data, requiring estimation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Local 108 Health Fund's strengths?
Positive indicators for Local 108 Health Fund include: Consistent revenue generation over multiple years, with 2023 revenue at $3,618,945.. Healthy asset base, with $11,805,548 in assets as of 2023.. Low liabilities relative to assets, indicating financial stability.. Appears to dedicate a significant portion of expenses to programs based on the nature of a health fund.. These findings are derived from AI analysis of the organization's financial filings.
How does Local 108 Health Fund compensate executives?
Executive compensation is not disclosed in the provided data, making a direct assessment impossible. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Health Fund' designation, how does the organization ensure its program spending directly benefits its members' health outcomes, and what metrics are used to measure this impact?
Without specific program details, it's challenging to ascertain the direct impact on health outcomes. The financial data primarily shows expenses, not the qualitative results of those expenditures.
What is the specific nature of the 'Local 108' affiliation, and how does this relationship influence the fund's governance, operational structure, and beneficiary eligibility?
The provided data does not elaborate on the 'Local 108' affiliation, which is crucial for understanding the fund's operational context and beneficiary scope. This information would typically be found in organizational bylaws or mission statements.
Filing History
IRS 990 filing history for Local 108 Health Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Local 108 Health Fund's revenue has declined by 24.1%, moving from $4.8M to $3.6M. Total assets increased by 52.4% over the same period, from $7.7M to $11.8M. Total functional expenses fell by 35.1%, from $5.1M to $3.3M. In its most recent filing year (2023), Local 108 Health Fund reported a surplus of $298K, with revenue exceeding expenses. The organization holds $110K in liabilities against $11.8M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $11.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $3.3M | $11.8M | $110K | — | View 990 |
| 2022 | $2.9M | $3.3M | $11.7M | $427K | — | View 990 |
| 2021 | $3.1M | $3.3M | $12.8M | $90K | — | — |
| 2020 | $2.6M | $2.9M | $12.6M | $195K | — | — |
| 2019 | $0 | $0 | $0 | $0 | — | View 990 |
| 2018 | $3.4M | $2.6M | $11.7M | $529K | — | View 990 |
| 2017 | $3.6M | $2.7M | $11.1M | $594K | — | View 990 |
| 2016 | $3.3M | $2.3M | $10.3M | $979K | — | View 990 |
| 2015 | $3.5M | $2.5M | $9.3M | $883K | — | View 990 |
| 2014 | $3.9M | $3.0M | $8.4M | $853K | — | View 990 |
| 2013 | $4.0M | $4.1M | $7.6M | $1.2M | — | View 990 |
| 2012 | $4.8M | $5.1M | $7.7M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $3.3M, and assets of $11.8M (revenue +26.0% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.3M, and assets of $11.7M (revenue -6.2% year-over-year).
- 2021: Revenue of $3.1M, expenses of $3.3M, and assets of $12.8M (revenue +17.5% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.9M, and assets of $12.6M.
- 2019: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2018: Revenue of $3.4M, expenses of $2.6M, and assets of $11.7M (revenue -6.2% year-over-year).
- 2017: Revenue of $3.6M, expenses of $2.7M, and assets of $11.1M (revenue +8.7% year-over-year).
- 2016: Revenue of $3.3M, expenses of $2.3M, and assets of $10.3M (revenue -7.0% year-over-year).
- 2015: Revenue of $3.5M, expenses of $2.5M, and assets of $9.3M (revenue -8.2% year-over-year).
- 2014: Revenue of $3.9M, expenses of $3.0M, and assets of $8.4M (revenue -2.6% year-over-year).
- 2013: Revenue of $4.0M, expenses of $4.1M, and assets of $7.6M (revenue -17.0% year-over-year).
- 2012: Revenue of $4.8M, expenses of $5.1M, and assets of $7.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 108 Health Fund:
Data Sources and Methodology
This transparency report for Local 108 Health 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.