Local 1102 Health And Benefit Fund
Local 1102 Health And Benefit Fund consistently maintains strong assets and positive net income, with no reported officer compensation.
EIN: 131768188 · Woodbury, NY · NTEE: Y43 · Updated: 2026-03-28
Is Local 1102 Health And Benefit Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 1102 Health And Benefit Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 1102 Health And Benefit Fund
Local 1102 Health And Benefit Fund (EIN: 131768188) is a nonprofit organization based in Woodbury, NY, classified under NTEE code Y43. The organization reported total revenue of $109.4M and total assets of $173.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 1102 Health And Benefit Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Local 1102 Health And Benefit 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Local 1102 Health And Benefit 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
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive compensation is either non-existent, paid by a related entity, or categorized differently within the expense structure, which is unusual for an organization of its size with over $100 million in assets.
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 1102 Health And Benefit Fund's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual administrative costs or indicate a complex organizational structure.
- Lack of detailed expense breakdown in the provided data makes it difficult to fully assess program vs. administrative spending without deeper dive into full 990 forms.
Strengths
The following positive indicators were identified for Local 1102 Health And Benefit Fund:
- Strong financial solvency with assets significantly exceeding liabilities (e.g., $154,670,220 assets vs. $6,585,464 liabilities in 202312).
- Consistent positive net income, indicating sound financial management and growth in assets over time.
- Long history of IRS 990 filings, demonstrating consistent transparency and compliance.
- High asset base ($173,725,980 latest reported assets) provides a strong foundation for future benefit payments.
Frequently Asked Questions about Local 1102 Health And Benefit Fund
Is Local 1102 Health And Benefit Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 1102 Health And Benefit Fund (EIN: 131768188) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Local 1102 Health And Benefit Fund spend its money?
Local 1102 Health And Benefit Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local 1102 Health And Benefit Fund tax-deductible?
Local 1102 Health And Benefit Fund is registered as a tax-exempt nonprofit (EIN: 131768188). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How are administrative costs covered if officer compensation is consistently reported as 0%?
The IRS 990 filings consistently show 0% officer compensation. This could mean that administrative services are provided by a related entity, are volunteer-based, or compensation is reported under other expense categories not specifically itemized as 'officer compensation' on the summary page. Further investigation into detailed expense schedules would be needed.
What is the primary nature of the 'expenses' reported, given it's a health and benefit fund?
As a health and benefit fund, the vast majority of expenses are expected to be direct benefit payments to members. While the 990 summary doesn't detail this, the NTEE code Y43 (Employee & Member Welfare Organizations) supports this interpretation, indicating that most spending directly serves its beneficiaries.
Why did revenue decrease from $34,314,876 in 201912 to $31,342,972 in 202312?
Revenue fluctuations can be attributed to various factors such as changes in employer contributions, investment income, or membership levels. A decrease of approximately 8.7% over four years warrants further review of the fund's income sources and economic conditions affecting its contributors.
Filing History
IRS 990 filing history for Local 1102 Health And Benefit Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local 1102 Health And Benefit Fund's revenue has grown by 45.6%, moving from $21.5M to $31.3M. Total assets increased by 317% over the same period, from $37.1M to $154.7M. Total functional expenses rose by 56.2%, from $16.9M to $26.4M. In its most recent filing year (2023), Local 1102 Health And Benefit Fund reported a surplus of $4.9M, with revenue exceeding expenses. The organization holds $6.6M in liabilities against $154.7M in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $148.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $31.3M | $26.4M | $154.7M | $6.6M | — | View 990 |
| 2022 | $29.6M | $24.5M | $129.4M | $5.3M | — | — |
| 2021 | $32.0M | $28.2M | $154.0M | $7.1M | — | View 990 |
| 2020 | $33.4M | $26.8M | $142.4M | $7.4M | — | — |
| 2019 | $34.3M | $29.3M | $132.7M | $7.7M | — | View 990 |
| 2018 | $32.4M | $29.1M | $114.4M | $7.7M | — | View 990 |
| 2017 | $33.9M | $26.3M | $116.6M | $4.7M | — | View 990 |
| 2016 | $33.4M | $25.6M | $102.0M | $5.0M | — | View 990 |
| 2015 | $32.5M | $22.5M | $91.4M | $3.8M | — | View 990 |
| 2014 | $31.0M | $20.5M | $85.8M | $3.6M | — | View 990 |
| 2013 | $22.1M | $14.4M | $73.1M | $3.7M | — | View 990 |
| 2012 | $21.1M | $17.7M | $41.9M | $3.7M | — | View 990 |
| 2011 | $21.5M | $16.9M | $37.1M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.3M, expenses of $26.4M, and assets of $154.7M (revenue +6.0% year-over-year).
- 2022: Revenue of $29.6M, expenses of $24.5M, and assets of $129.4M (revenue -7.7% year-over-year).
- 2021: Revenue of $32.0M, expenses of $28.2M, and assets of $154.0M (revenue -4.2% year-over-year).
- 2020: Revenue of $33.4M, expenses of $26.8M, and assets of $142.4M (revenue -2.6% year-over-year).
- 2019: Revenue of $34.3M, expenses of $29.3M, and assets of $132.7M (revenue +6.0% year-over-year).
- 2018: Revenue of $32.4M, expenses of $29.1M, and assets of $114.4M (revenue -4.5% year-over-year).
- 2017: Revenue of $33.9M, expenses of $26.3M, and assets of $116.6M (revenue +1.3% year-over-year).
- 2016: Revenue of $33.4M, expenses of $25.6M, and assets of $102.0M (revenue +3.0% year-over-year).
- 2015: Revenue of $32.5M, expenses of $22.5M, and assets of $91.4M (revenue +4.9% year-over-year).
- 2014: Revenue of $31.0M, expenses of $20.5M, and assets of $85.8M (revenue +40.2% year-over-year).
- 2013: Revenue of $22.1M, expenses of $14.4M, and assets of $73.1M (revenue +4.9% year-over-year).
- 2012: Revenue of $21.1M, expenses of $17.7M, and assets of $41.9M (revenue -2.2% year-over-year).
- 2011: Revenue of $21.5M, expenses of $16.9M, and assets of $37.1M.
Data Sources and Methodology
This transparency report for Local 1102 Health And Benefit 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.