Local 298 Health Benefit Fund Ii
Local 298 Health Benefit Fund II maintains stable finances with no reported officer compensation.
EIN: 111955915 · Valley Stream, NY · NTEE: Y43 · Updated: 2026-03-28
Source Check Matrix
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Identity resolved verified
Local 298 Health Benefit Fund Ii is mapped to EIN 111955915.
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13 stored filing years available.
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $3.8M |
| Program Spending | 90% |
| Net Assets | $2.9M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Local 298 Health Benefit Fund Ii Form 990, Revenue, CEO Pay, and IRS Filing Signals
Local 298 Health Benefit Fund Ii 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 298 Health Benefit Fund Ii in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $3.8M and expenses of $3.8M.
Revenue and Expenses
Local 298 Health Benefit Fund Ii reported $3.8M in revenue and $3.8M in expenses, a surplus of $6K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 5 strengths are shown from structured and AI review.
Is Local 298 Health Benefit Fund Ii Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.4M (90%) |
Across stored filings, Local 298 Health Benefit Fund Ii shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Category Y context |
Trust Check
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Valley Stream, NY nonprofitsCategory Y in New York
Mutual Benefit in New York
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Request a concise report for Local 298 Health Benefit Fund Ii 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 298 Health Benefit Fund Ii directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 298 Health Benefit Fund Ii
Local 298 Health Benefit Fund Ii (EIN: 111955915) is a nonprofit organization based in Valley Stream, NY, classified under NTEE code Y43. The organization reported total revenue of $5.2M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 298 Health Benefit Fund Ii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 298 Health Benefit Fund Ii is a mid-size nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $3.8M |
| Surplus / Deficit | +$6K |
| Total Assets | $3.4M |
| Total Liabilities | $535K |
| Net Assets | $2.9M |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 15.7% |
| Months of Reserves | 10.7 months |
Financial Health Grade: A
In 2023, Local 298 Health Benefit Fund Ii reported a surplus of $6K with revenue exceeding expenses, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 15.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local 298 Health Benefit Fund Ii's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | -7.6% | +9.5% |
| 2022 | -16.6% | -4.9% | -15.4% |
| 2021 | -2.9% | +4.4% | +0.0% |
| 2020 | +3.6% | -4.9% | +13.3% |
| 2019 | +4.6% | +29.5% | -8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 298 Health Benefit Fund Ii 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 298 Health Benefit Fund Ii 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 $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership may be volunteer-based or compensated through mechanisms not categorized as officer compensation on the 990, indicating a highly cost-efficient leadership structure relative to its multi-million dollar revenue.
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 298 Health Benefit Fund Ii's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
- Significant expense exceeding revenue by $391,828 in 2022, though this was recovered in 2023.
Strengths
The following positive indicators were identified for Local 298 Health Benefit Fund Ii:
- Consistent financial reporting with 13 IRS 990 filings, demonstrating transparency.
- No reported officer compensation across all filings, indicating highly efficient leadership costs.
- Assets consistently exceed liabilities, showing a strong balance sheet (e.g., $3,396,034 assets vs. $534,501 liabilities in 2023).
- Stable revenue streams over the past decade, generally ranging from $3.1 million to $4.6 million.
- Positive net income in 2023 ($5,959), indicating a return to financial stability after a deficit in 2022.
Frequently Asked Questions about Local 298 Health Benefit Fund Ii
Is Local 298 Health Benefit Fund Ii a legitimate charity?
Local 298 Health Benefit Fund Ii (EIN: 111955915) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.2M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Local 298 Health Benefit Fund Ii spend its money?
Local 298 Health Benefit Fund Ii directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Local 298 Health Benefit Fund Ii tax-deductible?
Local 298 Health Benefit Fund Ii is registered as a tax-exempt nonprofit (EIN: 111955915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Local 298 Health Benefit Fund Ii compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Local 298 Health Benefit Fund Ii is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Local 298 Health Benefit Fund Ii located?
Local 298 Health Benefit Fund Ii is headquartered in Valley Stream, New York and files with the IRS under EIN 111955915. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Local 298 Health Benefit Fund Ii have?
Local 298 Health Benefit Fund Ii has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.2M in total revenue.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses. The spending breakdown percentages are estimated based on the absence of officer compensation and the nature of a health benefit fund.
How does the organization manage its investment portfolio, given its significant assets?
The provided data does not detail the organization's investment strategies or portfolio management. It only lists total assets and liabilities.
What caused the significant increase in liabilities in 2022 to $1,000,323 from $986,980 in 2021, and the subsequent decrease in 2023 to $534,501?
The provided data does not specify the reasons for the fluctuations in liabilities. Further investigation into the detailed 990 forms would be required to understand these changes.
Are there any related organizations or transactions that could impact financial transparency?
The provided data does not include information on related organizations or transactions. This would typically be found in specific schedules within the full IRS Form 990.
Filing History
IRS 990 filing history for Local 298 Health Benefit Fund Ii showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local 298 Health Benefit Fund Ii's revenue has grown by 53.9%, moving from $2.5M to $3.8M. Total assets increased by 60.9% over the same period, from $2.1M to $3.4M. Total functional expenses rose by 51.2%, from $2.5M to $3.8M. In its most recent filing year (2023), Local 298 Health Benefit Fund Ii reported a surplus of $6K, with revenue exceeding expenses. The organization holds $535K in liabilities against $3.4M in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $3.8M | $3.4M | $535K | — | — |
| 2022 | $3.7M | $4.1M | $3.1M | $1.0M | — | View 990 |
| 2021 | $4.5M | $4.3M | $3.7M | $987K | — | View 990 |
| 2020 | $4.6M | $4.1M | $3.7M | $330K | — | — |
| 2019 | $4.4M | $4.4M | $3.2M | $354K | — | View 990 |
| 2018 | $4.2M | $3.4M | $3.5M | $738K | — | View 990 |
| 2017 | $4.3M | $4.2M | $2.7M | $729K | — | View 990 |
| 2016 | $3.9M | $3.5M | $2.3M | $439K | — | View 990 |
| 2015 | $3.3M | $3.4M | $1.7M | $305K | — | View 990 |
| 2014 | $3.1M | $3.0M | $1.8M | $315K | — | View 990 |
| 2013 | $2.5M | $2.7M | $1.7M | $159K | — | View 990 |
| 2012 | $2.6M | $2.9M | $1.8M | $159K | — | View 990 |
| 2011 | $2.5M | $2.5M | $2.1M | $452K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $3.8M, and assets of $3.4M (revenue +2.3% year-over-year).
- 2022: Revenue of $3.7M, expenses of $4.1M, and assets of $3.1M (revenue -16.6% year-over-year).
- 2021: Revenue of $4.5M, expenses of $4.3M, and assets of $3.7M (revenue -2.9% year-over-year).
- 2020: Revenue of $4.6M, expenses of $4.1M, and assets of $3.7M (revenue +3.6% year-over-year).
- 2019: Revenue of $4.4M, expenses of $4.4M, and assets of $3.2M (revenue +4.6% year-over-year).
- 2018: Revenue of $4.2M, expenses of $3.4M, and assets of $3.5M (revenue -0.6% year-over-year).
- 2017: Revenue of $4.3M, expenses of $4.2M, and assets of $2.7M (revenue +8.2% year-over-year).
- 2016: Revenue of $3.9M, expenses of $3.5M, and assets of $2.3M (revenue +18.8% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.4M, and assets of $1.7M (revenue +5.2% year-over-year).
- 2014: Revenue of $3.1M, expenses of $3.0M, and assets of $1.8M (revenue +25.1% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.7M, and assets of $1.7M (revenue -1.7% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.9M, and assets of $1.8M (revenue +3.6% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.5M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 298 Health Benefit Fund Ii:
Data Sources and Methodology
This transparency report for Local 298 Health Benefit Fund Ii 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.