Local 463 Health Fund
Local 463 Health Fund consistently generates surpluses and grows assets with no reported officer compensation.
EIN: 111829391 · Farmingdale, NY · Updated: 2026-03-28
Is Local 463 Health Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 463 Health Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 463 Health Fund
Local 463 Health Fund (EIN: 111829391) is a nonprofit organization based in Farmingdale, 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 463 Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 463 Health Fund is a mid-size nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$93K |
| Total Assets | $2.8M |
| Total Liabilities | $1.3M |
| Net Assets | $1.4M |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 48.1% |
| Months of Reserves | 10.4 months |
Financial Health Grade: A
In 2016, Local 463 Health Fund reported a surplus of $93K with revenue exceeding expenses, holds 10.4 months of operating reserves (strong position), has a debt-to-asset ratio of 48.1% (moderate leverage).
Financial Trends
Over 6 years of filings (2011–2016), Local 463 Health Fund's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +23.1% | +48.3% | +7.3% |
| 2015 | +1.2% | -6.8% | +19.2% |
| 2014 | +24.9% | +37.1% | +19.5% |
| 2013 | -30.8% | -47.6% | -3.9% |
| 2012 | +33.0% | +3.5% | +8.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Local 463 Health Fund 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 463 Health 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $93K, with revenue exceeding expenses.
- Debt-to-asset ratio: 48.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid, compensated through other means not categorized as officer compensation, or that the fund operates with a very lean or volunteer-based executive structure.
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 463 Health Fund's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- No NTEE code provided, making peer comparison difficult
- Significant revenue fluctuation between 2012 ($3,032,357) and 2013 ($2,098,728)
Strengths
The following positive indicators were identified for Local 463 Health Fund:
- Consistent positive net income in most years (e.g., $92,786 surplus in 2016)
- Steady growth in assets over the period ($1.7M in 2011 to $2.7M in 2016)
- Healthy asset-to-liability ratio, indicating strong solvency
- No reported officer compensation, suggesting low executive overhead
Frequently Asked Questions about Local 463 Health Fund
Is Local 463 Health Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 463 Health Fund (EIN: 111829391) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Local 463 Health Fund spend its money?
Local 463 Health Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local 463 Health Fund tax-deductible?
Local 463 Health Fund is registered as a tax-exempt nonprofit (EIN: 111829391). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Local 463 Health Fund manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings (2011-2016) suggests that the fund's leadership may be volunteer-based, compensated through a different structure not reported as officer compensation on the 990, or that compensation is paid by an affiliated entity. Further investigation into their operational model would be needed to understand this fully.
What is the primary purpose or program of Local 463 Health Fund?
Based on the name 'Health Fund', it is highly probable that the organization provides health benefits or services to members of 'Local 463'. However, without an NTEE code or program service accomplishments from the 990, the specific nature of its programs cannot be definitively determined from the provided data.
What caused the revenue decline in 2013 compared to 2012?
Revenue decreased from $3,032,357 in 2012 to $2,098,728 in 2013. This represents a significant drop of approximately 30.8%. The specific reasons for this decline are not detailed in the provided summary data, but it could be due to fewer contributions, investment losses, or changes in membership/funding structure.
Filing History
IRS 990 filing history for Local 463 Health Fund showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Local 463 Health Fund's revenue has grown by 43.3%, moving from $2.3M to $3.3M. Total assets increased by 59.2% over the same period, from $1.7M to $2.8M. Total functional expenses rose by 2.8%, from $3.1M to $3.2M. In its most recent filing year (2016), Local 463 Health Fund reported a surplus of $93K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $2.8M in assets (debt-to-asset ratio: 48.1%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $3.3M | $3.2M | $2.8M | $1.3M | — | — |
| 2015 | $2.7M | $2.1M | $2.6M | $1.2M | — | View 990 |
| 2014 | $2.6M | $2.3M | $2.2M | $1.3M | — | View 990 |
| 2013 | $2.1M | $1.7M | $1.8M | $1.3M | — | View 990 |
| 2012 | $3.0M | $3.2M | $1.9M | $1.7M | — | View 990 |
| 2011 | $2.3M | $3.1M | $1.7M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $3.3M, expenses of $3.2M, and assets of $2.8M (revenue +23.1% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.1M, and assets of $2.6M (revenue +1.2% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.3M, and assets of $2.2M (revenue +24.9% year-over-year).
- 2013: Revenue of $2.1M, expenses of $1.7M, and assets of $1.8M (revenue -30.8% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.2M, and assets of $1.9M (revenue +33.0% year-over-year).
- 2011: Revenue of $2.3M, expenses of $3.1M, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Local 463 Health 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.