Local 147 Construction Workers Additional Security Benefits Fund

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Local 147 Construction Workers Additional Security Benefits Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals

Local 147 Construction Workers Additional Security Benefits Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Local 147 Construction Workers Additional Security Benefits Fund in one place.

Is Local 147 Construction Workers Additional Security Benefits Fund Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Local 147 Construction Workers Additional Security Benefits Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Local 147 Construction Workers Additional Security Benefits Fund with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Local 147 Construction Workers Additional Security Benefits Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Local 147 Construction Workers Additional Security Benefits Fund

Local 147 Construction Workers Additional Security Benefits Fund (EIN: 133161717) is a nonprofit organization based in Hopatcong, NJ. The organization reported total revenue of $7.5M and total assets of $12.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 147 Construction Workers Additional Security Benefits Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Local 147 Construction Workers Additional Security Benefits Fund is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -20.0%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Local 147 Construction Workers Additional Security Benefits Fund reported a surplus of $1.4M with revenue exceeding expenses, holds 81.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Local 147 Construction Workers Additional Security Benefits Fund's revenue has declined at a compound annual growth rate (CAGR) of -20.0%.

IRS Tax-Exempt Classification

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 147 Construction Workers Additional Security Benefits Fund with a Mission Score of 80 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: 5%
• programs: 95%
• fundraising: 0%

According to IRS 990 filings, Local 147 Construction Workers Additional Security Benefits Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $1.4M, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.2%.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the fund. This is a positive sign for a benefits fund, suggesting that all available resources are directed towards the fund's primary purpose.

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 147 Construction Workers Additional Security Benefits Fund's IRS 990 filings:

• Significant long-term asset depletion (from $54.2M in 2014 to $11.8M in 2023)
• Frequent periods where expenses exceeded revenue, drawing down reserves (e.g., 2015-2021)

Strengths

The following positive indicators were identified for Local 147 Construction Workers Additional Security Benefits Fund:

• Consistent 0% officer compensation, indicating efficient use of funds for its intended purpose.
• Recent positive financial performance in 2023, with revenue ($3.11M) exceeding expenses ($1.74M).
• Low liabilities relative to assets, suggesting good financial control over obligations.

Frequently Asked Questions about Local 147 Construction Workers Additional Security Benefits Fund

Filing History

IRS 990 filing history for Local 147 Construction Workers Additional Security Benefits Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Local 147 Construction Workers Additional Security Benefits Fund's revenue has declined by 93.2%, moving from $45.6M to $3.1M. Total assets decreased by 81.4% over the same period, from $64.0M to $11.9M. Total functional expenses fell by 91.2%, from $19.9M to $1.7M. In its most recent filing year (2023), Local 147 Construction Workers Additional Security Benefits Fund reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $27K in liabilities against $11.9M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $11.9M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.1M, expenses of $1.7M, and assets of $11.9M (revenue +71.9% year-over-year).
• 2022: Revenue of $1.8M, expenses of $1.2M, and assets of $10.8M (revenue +86.6% year-over-year).
• 2021: Revenue of $971K, expenses of $1.8M, and assets of $12.1M (revenue -17.1% year-over-year).
• 2020: Revenue of $1.2M, expenses of $1.8M, and assets of $13.0M (revenue +13.9% year-over-year).
• 2019: Revenue of $1.0M, expenses of $5.5M, and assets of $13.4M (revenue -54.2% year-over-year).
• 2018: Revenue of $2.2M, expenses of $11.4M, and assets of $16.9M (revenue -67.5% year-over-year).
• 2017: Revenue of $6.9M, expenses of $17.5M, and assets of $27.1M (revenue -43.8% year-over-year).
• 2016: Revenue of $12.3M, expenses of $26.4M, and assets of $37.2M (revenue -43.6% year-over-year).
• 2015: Revenue of $21.8M, expenses of $24.9M, and assets of $50.7M (revenue -27.4% year-over-year).
• 2014: Revenue of $30.0M, expenses of $27.2M, and assets of $54.3M (revenue +30.6% year-over-year).
• 2013: Revenue of $23.0M, expenses of $40.1M, and assets of $51.0M (revenue -46.6% year-over-year).
• 2012: Revenue of $43.1M, expenses of $39.8M, and assets of $68.2M (revenue -5.6% year-over-year).
• 2011: Revenue of $45.6M, expenses of $19.9M, and assets of $64.0M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Local 147 Construction Workers Additional Security Benefits Fund:

Data Sources and Methodology

This transparency report for Local 147 Construction Workers Additional Security Benefits 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.