Local 1253 Health & Welfare Fund
Local 1253 Health & Welfare Fund reports $0 revenue and assets in its latest filing, following years of deficit spending.
EIN: 16029461 · Wallingford, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $61K |
| Program Spending | 75% |
| Transparency Score | 40/100 |
Is Local 1253 Health & Welfare Fund Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 1253 Health & Welfare Fund directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 1253 Health & Welfare Fund
Local 1253 Health & Welfare Fund (EIN: 16029461) is a nonprofit organization based in Wallingford, CT. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 1253 Health & Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 1253 Health & Welfare Fund is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2010–2014). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $61K |
| Surplus / Deficit | +$1.5M |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 96.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2014, Local 1253 Health & Welfare Fund reported a surplus of $1.5M with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2010–2014), Local 1253 Health & Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -23.5% | -97.3% | -100.0% |
| 2013 | -12.0% | -12.8% | -17.5% |
| 2012 | +36.8% | +55.2% | +17.0% |
| 2011 | +40.8% | +1.7% | -16.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Local 1253 Health & Welfare Fund with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Local 1253 Health & Welfare Fund allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.5M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation, which is a positive for resource allocation within the organization.
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 1253 Health & Welfare Fund's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential operational cessation or severe financial distress.
- Consistent historical deficit spending, where expenses frequently exceeded revenue (e.g., 2013 expenses $2,308,080 vs. revenue $1,990,386).
- NTEE code is unknown, which can hinder understanding of its specific charitable purpose and impact.
Strengths
The following positive indicators were identified for Local 1253 Health & Welfare Fund:
- Consistently reported 0% officer compensation across all available filings, indicating no executive salaries were paid.
Frequently Asked Questions about Local 1253 Health & Welfare Fund
Is Local 1253 Health & Welfare Fund a legitimate charity?
Local 1253 Health & Welfare Fund (EIN: 16029461) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 40/100. It has 5 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: A.
How does Local 1253 Health & Welfare Fund spend its money?
Local 1253 Health & Welfare Fund directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Local 1253 Health & Welfare Fund tax-deductible?
Local 1253 Health & Welfare Fund is registered as a tax-exempt nonprofit (EIN: 16029461). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Local 1253 Health & Welfare Fund's spending goes to programs?
Local 1253 Health & Welfare Fund directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Local 1253 Health & Welfare Fund located?
Local 1253 Health & Welfare Fund is headquartered in Wallingford, Connecticut and files with the IRS under EIN 16029461.
How many years of IRS 990 filings does Local 1253 Health & Welfare Fund have?
Local 1253 Health & Welfare Fund has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the Local 1253 Health & Welfare Fund to report $0 in revenue and assets in its latest filing?
The provided data does not specify the reason for the $0 revenue and assets in the latest filing, but it could indicate a cessation of operations, a merger, or a significant change in its financial structure.
How did the organization manage to operate with consistent deficit spending in previous years?
The organization likely covered its deficit spending by drawing down on existing assets or increasing liabilities, as evidenced by the fluctuating asset and liability figures in prior years (e.g., 2013 assets $1,523,987 vs. liabilities $2,042,814).
What is the NTEE code for Local 1253 Health & Welfare Fund, and how does it relate to its mission?
The NTEE code for Local 1253 Health & Welfare Fund is listed as 'Unknown' in the provided data, making it difficult to assess its specific mission category and how its financial activities align with it.
Filing History
IRS 990 filing history for Local 1253 Health & Welfare Fund showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2010–2014), Local 1253 Health & Welfare Fund's revenue has grown by 29.7%, moving from $1.2M to $1.5M. Total assets decreased by 100% over the same period, from $1.9M to $0. Total functional expenses fell by 96.4%, from $1.7M to $61K. In its most recent filing year (2014), Local 1253 Health & Welfare Fund reported a surplus of $1.5M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $1.5M | $61K | $0 | $0 | — | View 990 |
| 2013 | $2.0M | $2.3M | $1.5M | $2.0M | — | View 990 |
| 2012 | $2.3M | $2.6M | $1.8M | $2.1M | — | View 990 |
| 2011 | $1.7M | $1.7M | $1.6M | $1.5M | — | View 990 |
| 2010 | $1.2M | $1.7M | $1.9M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $1.5M, expenses of $61K, and assets of $0 (revenue -23.5% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.3M, and assets of $1.5M (revenue -12.0% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.6M, and assets of $1.8M (revenue +36.8% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $1.6M (revenue +40.8% year-over-year).
- 2010: Revenue of $1.2M, expenses of $1.7M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 1253 Health & Welfare Fund:
Data Sources and Methodology
This transparency report for Local 1253 Health & 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.