Local 373 Ua Health & Welfare Fund
Local 373 Ua Health & Welfare Fund shows consistent asset growth and no officer compensation over the past decade.
EIN: 133593163 · Mountainville, NY · NTEE: E81Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.2M |
| Total Expenses | $7.8M |
| Program Spending | 90% |
| Net Assets | $12.7M |
| Transparency Score | 95/100 |
Is Local 373 Ua Health & Welfare Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 373 Ua Health & Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 373 Ua Health & Welfare Fund
Local 373 Ua Health & Welfare Fund (EIN: 133593163) is a nonprofit organization based in Mountainville, NY, classified under NTEE code E81Z. The organization reported total revenue of $17.2M and total assets of $16.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 373 Ua Health & Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 373 Ua Health & Welfare Fund is a large nonprofit that has been operating for 32 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 | $8.4M |
| Total Expenses | $7.8M |
| Surplus / Deficit | +$572K |
| Total Assets | $14.9M |
| Total Liabilities | $2.2M |
| Net Assets | $12.7M |
| Operating Margin | 6.8% |
| Debt-to-Asset Ratio | 14.7% |
| Months of Reserves | 22.9 months |
Financial Health Grade: A
In 2023, Local 373 Ua Health & Welfare Fund reported a surplus of $572K with revenue exceeding expenses, holds 22.9 months of operating reserves (strong position), has a debt-to-asset ratio of 14.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local 373 Ua Health & Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.3% | +28.5% | +17.9% |
| 2022 | +6.3% | +14.7% | -6.9% |
| 2021 | +4.6% | -1.4% | +2.6% |
| 2020 | -7.1% | -17.7% | +18.4% |
| 2019 | -14.4% | -10.9% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 373 Ua Health & Welfare Fund with a Mission Score of 95 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 373 Ua Health & Welfare Fund 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 $572K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests a volunteer-led or externally managed structure for executive functions.
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.
Strengths
The following positive indicators were identified for Local 373 Ua Health & Welfare Fund:
- Consistent asset growth, from $6,010,017 in 2014 to $14,948,259 in 2023, indicating strong financial management.
- Zero officer compensation reported across all filings, suggesting efficient use of funds for its mission.
- Positive net income in most years, contributing to robust reserves and financial stability.
- Consistent filing of IRS 990 forms over 13 periods, demonstrating transparency and compliance.
- Healthy asset-to-liability ratio, with assets significantly exceeding liabilities (e.g., $14,948,259 assets vs. $2,204,580 liabilities in 2023).
Frequently Asked Questions about Local 373 Ua Health & Welfare Fund
Is Local 373 Ua Health & Welfare Fund a legitimate charity?
Local 373 Ua Health & Welfare Fund (EIN: 133593163) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $17.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Local 373 Ua Health & Welfare Fund spend its money?
Local 373 Ua Health & Welfare Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Local 373 Ua Health & Welfare Fund tax-deductible?
Local 373 Ua Health & Welfare Fund is registered as a tax-exempt nonprofit (EIN: 133593163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Local 373 Ua Health & Welfare Fund compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Local 373 Ua Health & Welfare Fund is above average for NTEE category E81Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Local 373 Ua Health & Welfare Fund located?
Local 373 Ua Health & Welfare Fund is headquartered in Mountainville, New York and files with the IRS under EIN 133593163. It is classified under NTEE code E81Z.
How many years of IRS 990 filings does Local 373 Ua Health & Welfare Fund have?
Local 373 Ua Health & Welfare Fund 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 $17.2M in total revenue.
Is Local 373 Ua Health & Welfare Fund financially stable?
Yes, the organization demonstrates strong financial stability with consistent revenue growth and a significant increase in assets from $6,010,017 in 2014 to $14,948,259 in 2023, alongside managing liabilities effectively.
How does Local 373 Ua Health & Welfare Fund manage executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that no salaries are paid to its officers, which is a strong positive for resource allocation.
Has the organization's financial health improved over time?
Yes, the organization's financial health has improved significantly, with revenue growing from $5,688,917 in 2014 to $8,392,827 in 2023, and assets nearly tripling over the same period.
Filing History
IRS 990 filing history for Local 373 Ua Health & Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local 373 Ua Health & Welfare Fund's revenue has grown by 54.7%, moving from $5.4M to $8.4M. Total assets increased by 267.4% over the same period, from $4.1M to $14.9M. Total functional expenses rose by 47.9%, from $5.3M to $7.8M. In its most recent filing year (2023), Local 373 Ua Health & Welfare Fund reported a surplus of $572K, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $14.9M in assets (debt-to-asset ratio: 14.7%), resulting in net assets of $12.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.4M | $7.8M | $14.9M | $2.2M | — | — |
| 2022 | $6.6M | $6.1M | $12.7M | $1.4M | — | View 990 |
| 2021 | $6.2M | $5.3M | $13.6M | $1.1M | — | View 990 |
| 2020 | $5.9M | $5.4M | $13.3M | $1.8M | — | View 990 |
| 2019 | $6.4M | $6.5M | $11.2M | $4.7M | — | — |
| 2018 | $7.5M | $7.3M | $11.2M | $5.7M | — | View 990 |
| 2017 | $11.6M | $9.9M | $14.4M | $7.7M | — | View 990 |
| 2016 | $7.7M | $6.9M | $8.6M | $4.2M | — | View 990 |
| 2015 | $5.6M | $5.3M | $6.5M | $2.8M | — | View 990 |
| 2014 | $5.7M | $5.2M | $6.0M | $2.4M | — | View 990 |
| 2013 | $5.1M | $4.5M | $5.2M | $2.2M | — | View 990 |
| 2012 | $4.8M | $4.7M | $4.2M | $2.1M | — | View 990 |
| 2011 | $5.4M | $5.3M | $4.1M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.4M, expenses of $7.8M, and assets of $14.9M (revenue +27.3% year-over-year).
- 2022: Revenue of $6.6M, expenses of $6.1M, and assets of $12.7M (revenue +6.3% year-over-year).
- 2021: Revenue of $6.2M, expenses of $5.3M, and assets of $13.6M (revenue +4.6% year-over-year).
- 2020: Revenue of $5.9M, expenses of $5.4M, and assets of $13.3M (revenue -7.1% year-over-year).
- 2019: Revenue of $6.4M, expenses of $6.5M, and assets of $11.2M (revenue -14.4% year-over-year).
- 2018: Revenue of $7.5M, expenses of $7.3M, and assets of $11.2M (revenue -35.9% year-over-year).
- 2017: Revenue of $11.6M, expenses of $9.9M, and assets of $14.4M (revenue +50.6% year-over-year).
- 2016: Revenue of $7.7M, expenses of $6.9M, and assets of $8.6M (revenue +37.0% year-over-year).
- 2015: Revenue of $5.6M, expenses of $5.3M, and assets of $6.5M (revenue -0.9% year-over-year).
- 2014: Revenue of $5.7M, expenses of $5.2M, and assets of $6.0M (revenue +11.5% year-over-year).
- 2013: Revenue of $5.1M, expenses of $4.5M, and assets of $5.2M (revenue +7.2% year-over-year).
- 2012: Revenue of $4.8M, expenses of $4.7M, and assets of $4.2M (revenue -12.3% year-over-year).
- 2011: Revenue of $5.4M, expenses of $5.3M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 373 Ua Health & Welfare Fund:
Data Sources and Methodology
This transparency report for Local 373 Ua Health & Welfare 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.