Local 138 138 A & 138 B Welfare Inter National Union Of Operating
Local 138 Welfare Fund shows consistent revenue and asset growth with no reported officer compensation.
EIN: 111628170 · Farmingdale, NY · Updated: 2026-03-28
Is Local 138 138 A & 138 B Welfare Inter National Union Of Operating Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 138 138 A & 138 B Welfare Inter National Union Of Operating directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 138 138 A & 138 B Welfare Inter National Union Of Operating
Local 138 138 A & 138 B Welfare Inter National Union Of Operating (EIN: 111628170) is a nonprofit organization based in Farmingdale, NY. The organization reported total revenue of $49.3M and total assets of $33.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 138 138 A & 138 B Welfare Inter National Union Of Operating's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 138 138 A & 138 B Welfare Inter National Union Of Operating is a large nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47.2M |
| Total Expenses | $45.9M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $31.3M |
| Total Liabilities | $13.5M |
| Net Assets | $17.8M |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 43.2% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2023, Local 138 138 A & 138 B Welfare Inter National Union Of Operating reported a surplus of $1.3M with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 43.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local 138 138 A & 138 B Welfare Inter National Union Of Operating's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.0% | +19.7% | +11.1% |
| 2022 | +1.7% | -1.8% | +14.5% |
| 2021 | +7.4% | +14.2% | +14.4% |
| 2020 | +4.1% | -1.9% | +38.3% |
| 2019 | +28.3% | +28.7% | +41.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 138 138 A & 138 B Welfare Inter National Union Of Operating 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 138 138 A & 138 B Welfare Inter National Union Of Operating 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filing periods, suggesting that executive leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, or that the organization's structure does not involve traditional 'officer compensation' as defined by the IRS for this entity type.
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 138 138 A & 138 B Welfare Inter National Union Of Operating's IRS 990 filings:
- Lack of detailed expense breakdown in summary data makes full spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Local 138 138 A & 138 B Welfare Inter National Union Of Operating:
- Consistent and significant revenue growth over the past decade, from $20.3M in 2014 to $49.3M in the latest period.
- Strong asset growth, increasing from $6.8M in 2014 to $33.1M in the latest period, indicating robust financial health.
- Positive operating margins in most years, contributing to asset accumulation.
- Consistently low liabilities relative to assets, demonstrating strong financial solvency.
- No reported officer compensation, suggesting efficient use of funds or alternative compensation structures.
Frequently Asked Questions about Local 138 138 A & 138 B Welfare Inter National Union Of Operating
Is Local 138 138 A & 138 B Welfare Inter National Union Of Operating a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 138 138 A & 138 B Welfare Inter National Union Of Operating (EIN: 111628170) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Local 138 138 A & 138 B Welfare Inter National Union Of Operating spend its money?
Local 138 138 A & 138 B Welfare Inter National Union Of Operating directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local 138 138 A & 138 B Welfare Inter National Union Of Operating tax-deductible?
Local 138 138 A & 138 B Welfare Inter National Union Of Operating is registered as a tax-exempt nonprofit (EIN: 111628170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary purpose of Local 138 138 A & 138 B Welfare Inter National Union Of Operating?
Based on the name 'Welfare Inter National Union Of Operating', it is likely a welfare fund providing benefits to members of the International Union of Operating Engineers Local 138.
How does the organization manage to have 0% officer compensation?
This could be due to several reasons: officers are volunteers, compensation is paid by an affiliated entity, or the compensation is reported under a different expense category not specified as 'officer compensation' in the summary data.
What are the main expense categories for this organization?
Without detailed 990 forms, it's difficult to pinpoint exact categories, but given it's a welfare fund, major expenses would likely include benefit payments to members, administrative costs for managing the fund, and potentially investment management fees.
Is the organization financially stable?
Yes, the organization appears financially stable, demonstrating consistent revenue growth from $20.3 million in 2014 to $49.3 million in the latest period, and a healthy increase in assets from $6.8 million to $33.1 million over the same timeframe, consistently maintaining more assets than liabilities.
How does the organization's asset growth compare to its liabilities?
The organization's assets have grown significantly faster than its liabilities. For example, in 2014, assets were $6.8 million with liabilities of $6.7 million, while in 2023, assets reached $31.3 million against liabilities of $13.5 million, indicating a strong and improving financial position.
Filing History
IRS 990 filing history for Local 138 138 A & 138 B Welfare Inter National Union Of Operating showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local 138 138 A & 138 B Welfare Inter National Union Of Operating's revenue has grown by 137.3%, moving from $19.9M to $47.2M. Total assets increased by 283% over the same period, from $8.2M to $31.3M. Total functional expenses rose by 133.6%, from $19.6M to $45.9M. In its most recent filing year (2023), Local 138 138 A & 138 B Welfare Inter National Union Of Operating reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $13.5M in liabilities against $31.3M in assets (debt-to-asset ratio: 43.2%), resulting in net assets of $17.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47.2M | $45.9M | $31.3M | $13.5M | — | View 990 |
| 2022 | $42.5M | $38.3M | $28.2M | $11.7M | — | View 990 |
| 2021 | $41.8M | $39.1M | $24.6M | $11.4M | — | View 990 |
| 2020 | $38.9M | $34.2M | $21.5M | $10.9M | — | — |
| 2019 | $37.4M | $34.9M | $15.6M | $10.0M | — | View 990 |
| 2018 | $29.1M | $27.1M | $11.0M | $8.2M | — | View 990 |
| 2017 | $27.3M | $28.1M | $9.8M | $8.9M | — | View 990 |
| 2016 | $26.6M | $26.0M | $8.6M | $7.0M | — | View 990 |
| 2015 | $23.1M | $22.2M | $8.1M | $7.0M | — | View 990 |
| 2014 | $20.4M | $23.2M | $6.8M | $6.7M | — | View 990 |
| 2013 | $21.0M | $20.4M | $8.3M | $5.4M | — | View 990 |
| 2012 | $20.3M | $21.0M | $7.6M | $5.2M | — | View 990 |
| 2011 | $19.9M | $19.6M | $8.2M | $5.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47.2M, expenses of $45.9M, and assets of $31.3M (revenue +11.0% year-over-year).
- 2022: Revenue of $42.5M, expenses of $38.3M, and assets of $28.2M (revenue +1.7% year-over-year).
- 2021: Revenue of $41.8M, expenses of $39.1M, and assets of $24.6M (revenue +7.4% year-over-year).
- 2020: Revenue of $38.9M, expenses of $34.2M, and assets of $21.5M (revenue +4.1% year-over-year).
- 2019: Revenue of $37.4M, expenses of $34.9M, and assets of $15.6M (revenue +28.3% year-over-year).
- 2018: Revenue of $29.1M, expenses of $27.1M, and assets of $11.0M (revenue +6.6% year-over-year).
- 2017: Revenue of $27.3M, expenses of $28.1M, and assets of $9.8M (revenue +2.9% year-over-year).
- 2016: Revenue of $26.6M, expenses of $26.0M, and assets of $8.6M (revenue +14.9% year-over-year).
- 2015: Revenue of $23.1M, expenses of $22.2M, and assets of $8.1M (revenue +13.6% year-over-year).
- 2014: Revenue of $20.4M, expenses of $23.2M, and assets of $6.8M (revenue -2.9% year-over-year).
- 2013: Revenue of $21.0M, expenses of $20.4M, and assets of $8.3M (revenue +3.5% year-over-year).
- 2012: Revenue of $20.3M, expenses of $21.0M, and assets of $7.6M (revenue +1.8% year-over-year).
- 2011: Revenue of $19.9M, expenses of $19.6M, and assets of $8.2M.
Data Sources and Methodology
This transparency report for Local 138 138 A & 138 B Welfare Inter National Union Of Operating 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.