Local 282 Vacation And Sick Leave Trust Fund
Local 282 Vacation And Sick Leave Trust Fund consistently manages substantial assets with minimal liabilities and no reported officer compensation.
EIN: 116438921 · Lake Success, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $13.3M |
| Program Spending | 95% |
| Net Assets | $7.6M |
| Transparency Score | 90/100 |
Is Local 282 Vacation And Sick Leave Trust Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 282 Vacation And Sick Leave Trust Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 282 Vacation And Sick Leave Trust Fund
Local 282 Vacation And Sick Leave Trust Fund (EIN: 116438921) is a nonprofit organization based in Lake Success, NY. 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 282 Vacation And Sick Leave Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 282 Vacation And Sick Leave Trust Fund is a large nonprofit, with 8 years of IRS 990 filings on record (2012–2019). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.0M |
| Total Expenses | $13.3M |
| Surplus / Deficit | $-254,369 |
| Total Assets | $7.7M |
| Total Liabilities | $99K |
| Net Assets | $7.6M |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 6.9 months |
Financial Health Grade: B
In 2019, Local 282 Vacation And Sick Leave Trust Fund reported a deficit of $254K with expenses exceeding revenue, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2019), Local 282 Vacation And Sick Leave Trust Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +1.7% | +7.7% | -2.0% |
| 2018 | +7.1% | +3.6% | +6.6% |
| 2017 | +2.3% | +7.4% | +0.9% |
| 2016 | +11.1% | +10.1% | +9.2% |
| 2015 | +6.3% | -5.6% | +7.3% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Local 282 Vacation And Sick Leave Trust Fund with a Mission Score of 90 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 282 Vacation And Sick Leave Trust 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $254K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly efficient for an organization of its size and 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 282 Vacation And Sick Leave Trust Fund's IRS 990 filings:
- Slight deficit in 2019 ($13,018,461 revenue vs. $13,272,830 expenses), though this is an isolated incident in the provided data.
Strengths
The following positive indicators were identified for Local 282 Vacation And Sick Leave Trust Fund:
- Consistent financial stability with revenues generally exceeding expenses.
- Strong asset base relative to very low liabilities (e.g., $7,669,189 assets vs. $98,704 liabilities in 2019).
- 0% officer compensation reported across all filings, indicating high efficiency and direct application of funds.
- Consistent growth in revenue and expenses over the filing periods, suggesting a stable and active trust fund.
Frequently Asked Questions about Local 282 Vacation And Sick Leave Trust Fund
Is Local 282 Vacation And Sick Leave Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 282 Vacation And Sick Leave Trust Fund (EIN: 116438921) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Local 282 Vacation And Sick Leave Trust Fund spend its money?
Local 282 Vacation And Sick Leave Trust Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local 282 Vacation And Sick Leave Trust Fund tax-deductible?
Local 282 Vacation And Sick Leave Trust Fund is registered as a tax-exempt nonprofit (EIN: 116438921). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Local 282 Vacation And Sick Leave Trust Fund located?
Local 282 Vacation And Sick Leave Trust Fund is headquartered in Lake Success, New York and files with the IRS under EIN 116438921.
How many years of IRS 990 filings does Local 282 Vacation And Sick Leave Trust Fund have?
Local 282 Vacation And Sick Leave Trust Fund has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Local 282 Vacation And Sick Leave Trust Fund a good charity?
Based on the available IRS 990 data, the organization appears to be a well-managed trust fund. It consistently maintains strong assets, low liabilities, and reports 0% officer compensation, indicating efficient use of funds for its intended purpose.
How does Local 282 Vacation And Sick Leave Trust Fund manage its finances?
The organization generally operates with a surplus, as seen in 2018 where revenue ($12,806,038) exceeded expenses ($12,319,966). It holds significant assets (e.g., $7,669,189 in 2019) relative to its very low liabilities (e.g., $98,704 in 2019), suggesting sound financial stewardship.
What is the trend in revenue and expenses for Local 282 Vacation And Sick Leave Trust Fund?
Both revenue and expenses have shown a general upward trend over the years, from revenue of $9,736,544 and expenses of $9,651,721 in 2012 to $13,018,461 in revenue and $13,272,830 in expenses in 2019, indicating growth in the fund's activity.
Filing History
IRS 990 filing history for Local 282 Vacation And Sick Leave Trust Fund showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2019), Local 282 Vacation And Sick Leave Trust Fund's revenue has grown by 33.7%, moving from $9.7M to $13.0M. Total assets increased by 12.5% over the same period, from $6.8M to $7.7M. Total functional expenses rose by 37.5%, from $9.7M to $13.3M. In its most recent filing year (2019), Local 282 Vacation And Sick Leave Trust Fund reported a deficit of $254K, with expenses exceeding revenue. The organization holds $99K in liabilities against $7.7M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $13.0M | $13.3M | $7.7M | $99K | — | View 990 |
| 2018 | $12.8M | $12.3M | $7.8M | $5K | — | View 990 |
| 2017 | $12.0M | $11.9M | $7.3M | $5K | — | View 990 |
| 2016 | $11.7M | $11.1M | $7.3M | $5K | — | View 990 |
| 2015 | $10.5M | $10.1M | $6.7M | $4K | — | View 990 |
| 2014 | $9.9M | $10.7M | $6.2M | $4K | — | View 990 |
| 2013 | $10.4M | $10.2M | $7.0M | $3K | — | View 990 |
| 2012 | $9.7M | $9.7M | $6.8M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $13.0M, expenses of $13.3M, and assets of $7.7M (revenue +1.7% year-over-year).
- 2018: Revenue of $12.8M, expenses of $12.3M, and assets of $7.8M (revenue +7.1% year-over-year).
- 2017: Revenue of $12.0M, expenses of $11.9M, and assets of $7.3M (revenue +2.3% year-over-year).
- 2016: Revenue of $11.7M, expenses of $11.1M, and assets of $7.3M (revenue +11.1% year-over-year).
- 2015: Revenue of $10.5M, expenses of $10.1M, and assets of $6.7M (revenue +6.3% year-over-year).
- 2014: Revenue of $9.9M, expenses of $10.7M, and assets of $6.2M (revenue -4.7% year-over-year).
- 2013: Revenue of $10.4M, expenses of $10.2M, and assets of $7.0M (revenue +6.6% year-over-year).
- 2012: Revenue of $9.7M, expenses of $9.7M, and assets of $6.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 282 Vacation And Sick Leave Trust Fund:
Data Sources and Methodology
This transparency report for Local 282 Vacation And Sick Leave Trust 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.