Local 1199 Hospital League Health Care Industry Job Security Fund
Local 1199 Job Security Fund maintains stable assets despite periods of deficit spending.
EIN: 133712851 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $7.7M |
| Program Spending | 90% |
| Net Assets | $11.6M |
| Transparency Score | 75/100 |
Is Local 1199 Hospital League Health Care Industry Job Security Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 1199 Hospital League Health Care Industry Job Security Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 1199 Hospital League Health Care Industry Job Security Fund
Local 1199 Hospital League Health Care Industry Job Security Fund (EIN: 133712851) is a nonprofit organization based in New York, NY. The organization reported total revenue of $8.2M and total assets of $17.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 1199 Hospital League Health Care Industry Job Security Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 1199 Hospital League Health Care Industry Job Security Fund is a mid-size nonprofit that has been operating for 32 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -6.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $7.7M |
| Surplus / Deficit | $-2,085,432 |
| Total Assets | $15.2M |
| Total Liabilities | $3.6M |
| Net Assets | $11.6M |
| Operating Margin | -37.1% |
| Debt-to-Asset Ratio | 23.4% |
| Months of Reserves | 23.7 months |
Financial Health Grade: B
In 2022, Local 1199 Hospital League Health Care Industry Job Security Fund reported a deficit of $2.1M with expenses exceeding revenue, holds 23.7 months of operating reserves (strong position), has a debt-to-asset ratio of 23.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Local 1199 Hospital League Health Care Industry Job Security Fund's revenue has declined at a compound annual growth rate (CAGR) of -6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -18.1% | -2.8% | -0.3% |
| 2021 | -5.7% | +7.4% | -8.0% |
| 2020 | -37.1% | +15.2% | +1.8% |
| 2019 | +71.6% | -2.2% | +53.7% |
| 2018 | +2.2% | +0.8% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 1199 Hospital League Health Care Industry Job Security 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Local 1199 Hospital League Health Care Industry Job Security Fund 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.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer leadership structure or that executive compensation is categorized differently within the expenses, which would require further investigation 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 Local 1199 Hospital League Health Care Industry Job Security Fund's IRS 990 filings:
- Consistent deficit spending in recent years (2020, 2021, 2022) where expenses exceeded revenue, potentially drawing down reserves.
- Lack of detailed expense breakdown (program, admin, fundraising) in the summary data makes it difficult to assess spending efficiency.
- Significant year-over-year fluctuations in revenue, such as the drop from $11.5 million in 2019 to $5.6 million in 2022, could indicate funding instability.
Strengths
The following positive indicators were identified for Local 1199 Hospital League Health Care Industry Job Security Fund:
- Strong asset base consistently exceeding liabilities, providing financial stability (e.g., $15.1M assets vs. $3.5M liabilities in 2022).
- Consistent filing of IRS Form 990s over a long period (12 filings), indicating compliance and transparency in reporting.
- No reported officer compensation, which could suggest efficient use of funds or a volunteer leadership model.
Frequently Asked Questions about Local 1199 Hospital League Health Care Industry Job Security Fund
Is Local 1199 Hospital League Health Care Industry Job Security Fund a legitimate charity?
Local 1199 Hospital League Health Care Industry Job Security Fund (EIN: 133712851) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $8.2M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Local 1199 Hospital League Health Care Industry Job Security Fund spend its money?
Local 1199 Hospital League Health Care Industry Job Security Fund directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Local 1199 Hospital League Health Care Industry Job Security Fund tax-deductible?
Local 1199 Hospital League Health Care Industry Job Security Fund is registered as a tax-exempt nonprofit (EIN: 133712851). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Local 1199 Hospital League Health Care Industry Job Security Fund's spending goes to programs?
Local 1199 Hospital League Health Care Industry Job Security Fund directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Local 1199 Hospital League Health Care Industry Job Security Fund located?
Local 1199 Hospital League Health Care Industry Job Security Fund is headquartered in New York, New York and files with the IRS under EIN 133712851.
How many years of IRS 990 filings does Local 1199 Hospital League Health Care Industry Job Security Fund have?
Local 1199 Hospital League Health Care Industry Job Security 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 $8.2M in total revenue.
How does the organization cover its expenses during years of deficit spending, such as in 2022 where expenses exceeded revenue by over $2 million?
The organization likely draws upon its accumulated assets to cover operational deficits, as seen in 2022 where assets were $15,194,542, providing a buffer for the $2,085,432 difference between expenses and revenue.
What specific programs or services does the 'Job Security Fund' provide to the healthcare industry?
The provided data does not detail specific programs. A review of the full IRS Form 990, particularly Schedule O and Part III, would be necessary to understand the nature of its program services related to job security.
Why is officer compensation consistently reported as 0% across all filings?
This could indicate a volunteer board or that compensation for key personnel is reported under other expense categories (e.g., salaries and wages for employees rather than officers), which would require examining the detailed expense breakdown in the full 990.
What is the long-term strategy for managing the fluctuations in revenue and expenses?
The data shows significant swings in revenue (e.g., $11.5M in 2019 vs. $5.6M in 2022). Understanding the sources of revenue and the organization's financial planning for these fluctuations would require more detailed financial statements and strategic documents.
Filing History
IRS 990 filing history for Local 1199 Hospital League Health Care Industry Job Security Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Local 1199 Hospital League Health Care Industry Job Security Fund's revenue has declined by 49.8%, moving from $11.2M to $5.6M. Total assets decreased by 8.9% over the same period, from $16.7M to $15.2M. Total functional expenses fell by 14.3%, from $9.0M to $7.7M. In its most recent filing year (2022), Local 1199 Hospital League Health Care Industry Job Security Fund reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $3.6M in liabilities against $15.2M in assets (debt-to-asset ratio: 23.4%), resulting in net assets of $11.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $5.6M | $7.7M | $15.2M | $3.6M | — | View 990 |
| 2021 | $6.9M | $7.9M | $15.2M | $1.5M | — | View 990 |
| 2020 | $7.3M | $7.4M | $16.6M | $1.8M | — | View 990 |
| 2019 | $11.6M | $6.4M | $16.3M | $1.8M | — | — |
| 2018 | $6.7M | $6.5M | $10.6M | $1.3M | — | View 990 |
| 2017 | $6.6M | $6.5M | $10.5M | $1.7M | — | View 990 |
| 2016 | $5.8M | $7.8M | $10.2M | $2.0M | — | View 990 |
| 2015 | $11.2M | $10.0M | $12.7M | $4.0M | — | View 990 |
| 2014 | $7.8M | $9.1M | $11.2M | $3.8M | — | View 990 |
| 2013 | $6.3M | $10.3M | $12.8M | $3.8M | — | View 990 |
| 2012 | $10.5M | $8.7M | $16.8M | $4.3M | — | View 990 |
| 2011 | $11.2M | $9.0M | $16.7M | $5.6M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $5.6M, expenses of $7.7M, and assets of $15.2M (revenue -18.1% year-over-year).
- 2021: Revenue of $6.9M, expenses of $7.9M, and assets of $15.2M (revenue -5.7% year-over-year).
- 2020: Revenue of $7.3M, expenses of $7.4M, and assets of $16.6M (revenue -37.1% year-over-year).
- 2019: Revenue of $11.6M, expenses of $6.4M, and assets of $16.3M (revenue +71.6% year-over-year).
- 2018: Revenue of $6.7M, expenses of $6.5M, and assets of $10.6M (revenue +2.2% year-over-year).
- 2017: Revenue of $6.6M, expenses of $6.5M, and assets of $10.5M (revenue +14.5% year-over-year).
- 2016: Revenue of $5.8M, expenses of $7.8M, and assets of $10.2M (revenue -48.6% year-over-year).
- 2015: Revenue of $11.2M, expenses of $10.0M, and assets of $12.7M (revenue +43.4% year-over-year).
- 2014: Revenue of $7.8M, expenses of $9.1M, and assets of $11.2M (revenue +23.5% year-over-year).
- 2013: Revenue of $6.3M, expenses of $10.3M, and assets of $12.8M (revenue -39.7% year-over-year).
- 2012: Revenue of $10.5M, expenses of $8.7M, and assets of $16.8M (revenue -6.1% year-over-year).
- 2011: Revenue of $11.2M, expenses of $9.0M, and assets of $16.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 1199 Hospital League Health Care Industry Job Security Fund:
Data Sources and Methodology
This transparency report for Local 1199 Hospital League Health Care Industry Job Security 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.