Local 1180 Retiree Benefit Fund
Local 1180 Retiree Benefit Fund consistently disburses nearly all revenue as expenses with no officer compensation.
EIN: 132974141 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.0M |
| Total Expenses | $7.8M |
| Program Spending | 99% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $0 |
| Transparency Score | 95/100 |
Is Local 1180 Retiree 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 1180 Retiree Benefit Fund directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 1180 Retiree Benefit Fund
Local 1180 Retiree Benefit Fund (EIN: 132974141) is a nonprofit organization based in New York, NY. The organization reported total revenue of $10.0M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 1180 Retiree Benefit Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 1180 Retiree Benefit Fund is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.8M |
| Total Expenses | $7.8M |
| Surplus / Deficit | +$0 |
| Total Assets | $3.3M |
| Total Liabilities | $3.3M |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 5.0 months |
Financial Health Grade: B
In 2023, Local 1180 Retiree Benefit Fund reported a surplus of $0 with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local 1180 Retiree Benefit Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.2% | -19.2% | -25.3% |
| 2022 | +21.6% | +21.6% | -0.3% |
| 2021 | -12.2% | -12.4% | -11.5% |
| 2020 | -5.7% | -5.6% | +3.3% |
| 2019 | -0.1% | -0.1% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 1180 Retiree Benefit Fund with a Mission Score of 95 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Local 1180 Retiree Benefit Fund allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the fund, which is highly favorable for a benefit fund of its size, with revenues often exceeding $9 million annually.
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 1180 Retiree Benefit Fund's IRS 990 filings:
- Limited detailed expense breakdown beyond total expenses in provided data
Strengths
The following positive indicators were identified for Local 1180 Retiree Benefit Fund:
- Consistent zero officer compensation across all filings
- High efficiency with expenses closely matching revenue, indicating direct benefit distribution
- Stable financial operations with consistent revenue and expense levels
- Assets consistently match liabilities, suggesting responsible fund management for benefit obligations
Frequently Asked Questions about Local 1180 Retiree Benefit Fund
Is Local 1180 Retiree Benefit Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 1180 Retiree Benefit Fund (EIN: 132974141) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Local 1180 Retiree Benefit Fund spend its money?
Local 1180 Retiree Benefit Fund directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local 1180 Retiree Benefit Fund tax-deductible?
Local 1180 Retiree Benefit Fund is registered as a tax-exempt nonprofit (EIN: 132974141). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Local 1180 Retiree Benefit Fund CEO make?
Local 1180 Retiree Benefit Fund's highest-compensated officer earns $9 annually. The organization reported $10.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Local 1180 Retiree Benefit Fund located?
Local 1180 Retiree Benefit Fund is headquartered in New York, New York and files with the IRS under EIN 132974141.
How many years of IRS 990 filings does Local 1180 Retiree Benefit Fund have?
Local 1180 Retiree Benefit 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 $10.0M in total revenue.
Is Local 1180 Retiree Benefit Fund a good charity?
Based on the available data, the fund appears to be highly efficient in its primary function, disbursing nearly all revenue as expenses and reporting zero officer compensation. This suggests a strong commitment to its beneficiaries.
How does the fund manage its assets and liabilities?
The fund consistently reports matching assets and liabilities, for example, $3,260,271 in both for the 202312 period. This indicates a structure where assets are held to cover specific benefit obligations, typical for a retiree benefit fund.
What is the trend in the fund's revenue and expenses?
Revenue and expenses have generally fluctuated between $7.8 million and $9.7 million over the past few years, with expenses closely mirroring revenue, indicating a consistent operational model of disbursing funds as they are received.
Filing History
IRS 990 filing history for Local 1180 Retiree Benefit Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local 1180 Retiree Benefit Fund's revenue has grown by 52.7%, moving from $5.1M to $7.8M. Total assets decreased by 32.6% over the same period, from $4.8M to $3.3M. Total functional expenses fell by 17.8%, from $9.6M to $7.8M. In its most recent filing year (2023), Local 1180 Retiree Benefit Fund reported a surplus of $0, with revenue exceeding expenses. The organization holds $3.3M in liabilities against $3.3M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.8M | $7.8M | $3.3M | $3.3M | — | — |
| 2022 | $9.7M | $9.7M | $4.4M | $4.4M | — | View 990 |
| 2021 | $8.0M | $8.0M | $4.4M | $4.4M | — | View 990 |
| 2020 | $9.1M | $9.1M | $4.9M | $4.9M | — | View 990 |
| 2019 | $9.6M | $9.7M | $4.8M | $4.8M | — | — |
| 2018 | $9.6M | $9.7M | $4.8M | $4.8M | — | View 990 |
| 2017 | $8.6M | $9.5M | $4.7M | $4.7M | — | — |
| 2016 | $9.8M | $9.5M | $4.9M | $4.9M | — | View 990 |
| 2015 | $9.8M | $9.6M | $4.7M | $4.7M | — | View 990 |
| 2014 | $9.0M | $9.9M | $4.7M | $4.7M | — | View 990 |
| 2013 | $9.8M | $9.8M | $5.0M | $5.0M | — | View 990 |
| 2012 | $10.6M | $10.9M | $5.5M | $5.5M | — | View 990 |
| 2011 | $5.1M | $9.6M | $4.8M | $4.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.8M, expenses of $7.8M, and assets of $3.3M (revenue -19.2% year-over-year).
- 2022: Revenue of $9.7M, expenses of $9.7M, and assets of $4.4M (revenue +21.6% year-over-year).
- 2021: Revenue of $8.0M, expenses of $8.0M, and assets of $4.4M (revenue -12.2% year-over-year).
- 2020: Revenue of $9.1M, expenses of $9.1M, and assets of $4.9M (revenue -5.7% year-over-year).
- 2019: Revenue of $9.6M, expenses of $9.7M, and assets of $4.8M (revenue -0.1% year-over-year).
- 2018: Revenue of $9.6M, expenses of $9.7M, and assets of $4.8M (revenue +12.5% year-over-year).
- 2017: Revenue of $8.6M, expenses of $9.5M, and assets of $4.7M (revenue -12.5% year-over-year).
- 2016: Revenue of $9.8M, expenses of $9.5M, and assets of $4.9M (revenue +0.0% year-over-year).
- 2015: Revenue of $9.8M, expenses of $9.6M, and assets of $4.7M (revenue +8.8% year-over-year).
- 2014: Revenue of $9.0M, expenses of $9.9M, and assets of $4.7M (revenue -8.1% year-over-year).
- 2013: Revenue of $9.8M, expenses of $9.8M, and assets of $5.0M (revenue -7.3% year-over-year).
- 2012: Revenue of $10.6M, expenses of $10.9M, and assets of $5.5M (revenue +105.6% year-over-year).
- 2011: Revenue of $5.1M, expenses of $9.6M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 1180 Retiree Benefit Fund:
Data Sources and Methodology
This transparency report for Local 1180 Retiree 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.