Local 262 Health & Welfare Fund Rwdsu Ufcw
Local 262 Health & Welfare Fund: Stable Finances, High Administrative Costs
EIN: 221460010 · Kenilworth, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $4.9M |
| Program Spending | 60% |
| Net Assets | $1.4M |
| Transparency Score | 70/100 |
Is Local 262 Health & Welfare Fund Rwdsu Ufcw Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 262 Health & Welfare Fund Rwdsu Ufcw directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Local 262 Health & Welfare Fund Rwdsu Ufcw
Local 262 Health & Welfare Fund Rwdsu Ufcw (EIN: 221460010) is a nonprofit organization based in Kenilworth, NJ. 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 262 Health & Welfare Fund Rwdsu Ufcw's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 262 Health & Welfare Fund Rwdsu Ufcw 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 -4.3%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $4.9M |
| Surplus / Deficit | $-315,656 |
| Total Assets | $1.8M |
| Total Liabilities | $366K |
| Net Assets | $1.4M |
| Operating Margin | -6.8% |
| Debt-to-Asset Ratio | 20.5% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2014, Local 262 Health & Welfare Fund Rwdsu Ufcw reported a deficit of $316K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 20.5% (moderate leverage).
Financial Trends
Over 5 years of filings (2010–2014), Local 262 Health & Welfare Fund Rwdsu Ufcw's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -2.6% | +2.3% | -1.5% |
| 2013 | -8.7% | -3.0% | -2.1% |
| 2012 | -4.2% | -6.7% | +6.0% |
| 2011 | -1.4% | +1.4% | +2.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Local 262 Health & Welfare Fund Rwdsu Ufcw with a Mission Score of 70 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: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Local 262 Health & Welfare Fund Rwdsu Ufcw allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $316K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.5%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific compensation figures are not available in the summary filings.
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 262 Health & Welfare Fund Rwdsu Ufcw's IRS 990 filings:
- High administrative expenses, averaging around 30% of total spending, could indicate inefficiencies.
- Lack of detailed executive compensation information makes it difficult to assess fairness and appropriateness.
Strengths
The following positive indicators were identified for Local 262 Health & Welfare Fund Rwdsu Ufcw:
- Consistent revenue generation over the past five years, indicating stable operations.
- Assets have remained relatively stable, providing a solid financial base.
- Low or zero reported fundraising costs suggest efficient member engagement or funding mechanisms.
Frequently Asked Questions about Local 262 Health & Welfare Fund Rwdsu Ufcw
Is Local 262 Health & Welfare Fund Rwdsu Ufcw a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 262 Health & Welfare Fund Rwdsu Ufcw (EIN: 221460010) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Local 262 Health & Welfare Fund Rwdsu Ufcw spend its money?
Local 262 Health & Welfare Fund Rwdsu Ufcw directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local 262 Health & Welfare Fund Rwdsu Ufcw tax-deductible?
Local 262 Health & Welfare Fund Rwdsu Ufcw is registered as a tax-exempt nonprofit (EIN: 221460010). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Local 262 Health & Welfare Fund Rwdsu Ufcw's spending goes to programs?
Local 262 Health & Welfare Fund Rwdsu Ufcw directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Local 262 Health & Welfare Fund Rwdsu Ufcw located?
Local 262 Health & Welfare Fund Rwdsu Ufcw is headquartered in Kenilworth, New Jersey and files with the IRS under EIN 221460010.
How many years of IRS 990 filings does Local 262 Health & Welfare Fund Rwdsu Ufcw have?
Local 262 Health & Welfare Fund Rwdsu Ufcw 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 does Local 262 Health & Welfare Fund Rwdsu Ufcw do?
Local 262 Health & Welfare Fund Rwdsu Ufcw is a nonprofit organization in the Unknown sector, located in Kenilworth, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Local 262 Health & Welfare Fund Rwdsu Ufcw have?
Local 262 Health & Welfare Fund Rwdsu Ufcw reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are Local 262 Health & Welfare Fund Rwdsu Ufcw's total assets?
Local 262 Health & Welfare Fund Rwdsu Ufcw holds total assets of N/A as reported in IRS 990 filings.
Where is Local 262 Health & Welfare Fund Rwdsu Ufcw located?
Local 262 Health & Welfare Fund Rwdsu Ufcw is based in Kenilworth, New Jersey.
What is Local 262 Health & Welfare Fund Rwdsu Ufcw's EIN?
Local 262 Health & Welfare Fund Rwdsu Ufcw's Employer Identification Number (EIN) is 221460010. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Local 262 Health & Welfare Fund Rwdsu Ufcw?
Local 262 Health & Welfare Fund Rwdsu Ufcw is classified under NTEE code Unknown (Unknown).
Is Local 262 Health & Welfare Fund Rwdsu Ufcw a registered 501(c)(3)?
Local 262 Health & Welfare Fund Rwdsu Ufcw appears in IRS records (EIN: 221460010). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Local 262 Health & Welfare Fund Rwdsu Ufcw file IRS Form 990?
Yes, Local 262 Health & Welfare Fund Rwdsu Ufcw has 5 IRS Form 990 filings on record. The most recent covers tax period 201412.
What was Local 262 Health & Welfare Fund Rwdsu Ufcw's revenue in 2014?
In the 201412 filing period, Local 262 Health & Welfare Fund Rwdsu Ufcw reported total revenue of $4,610,781, total expenses of $4,926,437, and net assets of $1,783,460.
Is Local 262 Health & Welfare Fund Rwdsu Ufcw's revenue growing or declining?
Local 262 Health & Welfare Fund Rwdsu Ufcw's revenue is relatively stable. Revenue went from $4,735,339 (201312) to $4,610,781 (201412), a -2.6% change. Based on 5 filings on record.
What is Local 262 Health & Welfare Fund Rwdsu Ufcw's most recent 990 filing?
The most recent IRS Form 990 filing for Local 262 Health & Welfare Fund Rwdsu Ufcw covers tax period 201412. It shows revenue of $4,610,781, expenses of $4,926,437, total assets of $1,783,460, and liabilities of $366,467.
How much does Local 262 Health & Welfare Fund Rwdsu Ufcw spend on programs vs administration?
Based on IRS 990 analysis, Local 262 Health & Welfare Fund Rwdsu Ufcw allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Local 262 Health & Welfare Fund Rwdsu Ufcw a trustworthy charity?
Based on AI analysis of IRS 990 data, Local 262 Health & Welfare Fund Rwdsu Ufcw appears trustworthy. Mission Score: 70/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Local 262 Health & Welfare Fund Rwdsu Ufcw?
The following concerns were identified: High administrative expenses, averaging around 30% of total spending, could indicate inefficiencies.. Lack of detailed executive compensation information makes it difficult to assess fairness and appropriateness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Local 262 Health & Welfare Fund Rwdsu Ufcw's strengths?
Positive indicators for Local 262 Health & Welfare Fund Rwdsu Ufcw include: Consistent revenue generation over the past five years, indicating stable operations.. Assets have remained relatively stable, providing a solid financial base.. Low or zero reported fundraising costs suggest efficient member engagement or funding mechanisms.. These findings are derived from AI analysis of the organization's financial filings.
How does Local 262 Health & Welfare Fund Rwdsu Ufcw compensate executives?
Executive compensation cannot be assessed from the provided data, as specific compensation figures are not available in the summary filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Health & Welfare Fund' designation, what specific health and welfare programs are being funded, and how are their impacts measured?
The provided data does not detail specific programs or their impact metrics, focusing instead on financial aggregates. Further investigation into program descriptions and outcomes would be necessary.
What is the nature of the 'RWDSU UFCW' affiliation, and how does it influence the fund's governance and operational costs?
The affiliation with RWDSU UFCW suggests a union-based health and welfare fund. This structure typically implies governance by union representatives and may influence administrative costs through shared services or negotiated benefits, though specifics are not available here.
Filing History
IRS 990 filing history for Local 262 Health & Welfare Fund Rwdsu Ufcw showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2010–2014), Local 262 Health & Welfare Fund Rwdsu Ufcw's revenue has declined by 16.1%, moving from $5.5M to $4.6M. Total assets increased by 5.3% over the same period, from $1.7M to $1.8M. Total functional expenses fell by 6.1%, from $5.2M to $4.9M. In its most recent filing year (2014), Local 262 Health & Welfare Fund Rwdsu Ufcw reported a deficit of $316K, with expenses exceeding revenue. The organization holds $366K in liabilities against $1.8M in assets (debt-to-asset ratio: 20.5%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $4.6M | $4.9M | $1.8M | $366K | — | View 990 |
| 2013 | $4.7M | $4.8M | $1.8M | $77K | — | View 990 |
| 2012 | $5.2M | $5.0M | $1.8M | $35K | — | View 990 |
| 2011 | $5.4M | $5.3M | $1.7M | $29K | — | View 990 |
| 2010 | $5.5M | $5.2M | $1.7M | $130K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $4.6M, expenses of $4.9M, and assets of $1.8M (revenue -2.6% year-over-year).
- 2013: Revenue of $4.7M, expenses of $4.8M, and assets of $1.8M (revenue -8.7% year-over-year).
- 2012: Revenue of $5.2M, expenses of $5.0M, and assets of $1.8M (revenue -4.2% year-over-year).
- 2011: Revenue of $5.4M, expenses of $5.3M, and assets of $1.7M (revenue -1.4% year-over-year).
- 2010: Revenue of $5.5M, expenses of $5.2M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 262 Health & Welfare Fund Rwdsu Ufcw:
Data Sources and Methodology
This transparency report for Local 262 Health & Welfare Fund Rwdsu Ufcw 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.