Local 475 Health Plan
Local 475 Health Plan shows consistent revenue growth and significant asset accumulation with no reported officer compensation.
EIN: 136179467 · Pelham, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.0M |
| Total Expenses | $6.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $16.9M |
| Transparency Score | 85/100 |
Is Local 475 Health Plan Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 475 Health Plan directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 475 Health Plan
Local 475 Health Plan (EIN: 136179467) is a nonprofit organization based in Pelham, NY. The organization reported total revenue of $8.0M and total assets of $21.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 475 Health Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 475 Health Plan is a mid-size nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.0M |
| Total Expenses | $6.1M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $17.7M |
| Total Liabilities | $802K |
| Net Assets | $16.9M |
| Operating Margin | 24.3% |
| Debt-to-Asset Ratio | 4.5% |
| Months of Reserves | 35.0 months |
Financial Health Grade: A
In 2023, Local 475 Health Plan reported a surplus of $1.9M with revenue exceeding expenses, holds 35.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local 475 Health Plan's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.5% | +31.2% | +23.9% |
| 2022 | -0.5% | -32.3% | -4.7% |
| 2021 | +0.7% | +38.9% | +21.5% |
| 2020 | -3.5% | -7.5% | +33.1% |
| 2019 | +27.1% | +11.1% | +27.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
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 475 Health Plan 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: 85%
- fundraising: 5%
According to IRS 990 filings, Local 475 Health Plan allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.5%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or benefits were paid to officers, which is highly unusual for an organization with revenues exceeding $8 million and assets over $17 million. This suggests either a volunteer leadership structure or that compensation is reported under other expense categories, warranting further investigation for complete transparency.
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 475 Health Plan's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Unknown NTEE code hinders peer comparison
- 0% officer compensation for an organization of this size is unusual and warrants further scrutiny for reporting accuracy.
Strengths
The following positive indicators were identified for Local 475 Health Plan:
- Consistent revenue growth, from $4.8M in 2014 to $8.0M in 2023
- Significant asset accumulation, growing from $2.0M in 2014 to $17.7M in 2023
- Healthy financial surpluses in most years, indicating strong financial management
- Low liabilities relative to assets, demonstrating financial stability
- No reported officer compensation, suggesting resources are directed elsewhere (e.g., programs or reserves)
Frequently Asked Questions about Local 475 Health Plan
Is Local 475 Health Plan a legitimate charity?
Local 475 Health Plan (EIN: 136179467) 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: $8.0M. 3 red flags identified. 5 strengths noted. Financial health grade: A.
How does Local 475 Health Plan spend its money?
Local 475 Health Plan directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Local 475 Health Plan tax-deductible?
Local 475 Health Plan is registered as a tax-exempt nonprofit (EIN: 136179467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Local 475 Health Plan CEO make?
Local 475 Health Plan's highest-compensated officer earns $8 annually. The organization reported $8.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Local 475 Health Plan's spending goes to programs?
Local 475 Health Plan directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Local 475 Health Plan located?
Local 475 Health Plan is headquartered in Pelham, New York and files with the IRS under EIN 136179467.
How many years of IRS 990 filings does Local 475 Health Plan have?
Local 475 Health Plan 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 $8.0M in total revenue.
How does Local 475 Health Plan manage to operate without reported officer compensation?
The filings consistently show 0% officer compensation, which is highly unusual for an organization of this size. It could indicate a volunteer leadership model, or that compensation is categorized differently within the expense reports, requiring a deeper dive into the full IRS Form 990 for clarification.
What is the specific NTEE code for Local 475 Health Plan?
The NTEE code for Local 475 Health Plan is currently unknown. Identifying this code would allow for better benchmarking against peer organizations in the same sector.
What are the primary program activities funded by Local 475 Health Plan?
While the financial data shows significant expenses, the specific program activities are not detailed in the provided summary. A review of the full IRS Form 990, Part III (Statement of Program Service Accomplishments), would provide this information.
Filing History
IRS 990 filing history for Local 475 Health Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local 475 Health Plan's revenue has grown by 40.6%, moving from $5.7M to $8.0M. Total assets increased by 774.9% over the same period, from $2.0M to $17.7M. Total functional expenses fell by 8.7%, from $6.7M to $6.1M. In its most recent filing year (2023), Local 475 Health Plan reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $802K in liabilities against $17.7M in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $16.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.0M | $6.1M | $17.7M | $802K | — | — |
| 2022 | $7.2M | $4.6M | $14.3M | $601K | — | View 990 |
| 2021 | $7.2M | $6.8M | $15.0M | $1.9M | — | View 990 |
| 2020 | $7.2M | $4.9M | $12.3M | $684K | — | View 990 |
| 2019 | $7.4M | $5.3M | $9.3M | $668K | — | View 990 |
| 2018 | $5.9M | $4.8M | $7.3M | $677K | — | View 990 |
| 2017 | $5.6M | $4.5M | $6.4M | $625K | — | View 990 |
| 2016 | $5.5M | $4.0M | $4.8M | $590K | — | View 990 |
| 2015 | $4.8M | $3.7M | $3.3M | $447K | — | View 990 |
| 2014 | $4.8M | $4.3M | $2.1M | $396K | — | View 990 |
| 2013 | $5.2M | $5.1M | $1.7M | $613K | — | View 990 |
| 2012 | $5.5M | $6.0M | $1.6M | $635K | — | View 990 |
| 2011 | $5.7M | $6.7M | $2.0M | $634K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.0M, expenses of $6.1M, and assets of $17.7M (revenue +11.5% year-over-year).
- 2022: Revenue of $7.2M, expenses of $4.6M, and assets of $14.3M (revenue -0.5% year-over-year).
- 2021: Revenue of $7.2M, expenses of $6.8M, and assets of $15.0M (revenue +0.7% year-over-year).
- 2020: Revenue of $7.2M, expenses of $4.9M, and assets of $12.3M (revenue -3.5% year-over-year).
- 2019: Revenue of $7.4M, expenses of $5.3M, and assets of $9.3M (revenue +27.1% year-over-year).
- 2018: Revenue of $5.9M, expenses of $4.8M, and assets of $7.3M (revenue +4.7% year-over-year).
- 2017: Revenue of $5.6M, expenses of $4.5M, and assets of $6.4M (revenue +1.7% year-over-year).
- 2016: Revenue of $5.5M, expenses of $4.0M, and assets of $4.8M (revenue +13.4% year-over-year).
- 2015: Revenue of $4.8M, expenses of $3.7M, and assets of $3.3M (revenue +0.6% year-over-year).
- 2014: Revenue of $4.8M, expenses of $4.3M, and assets of $2.1M (revenue -7.1% year-over-year).
- 2013: Revenue of $5.2M, expenses of $5.1M, and assets of $1.7M (revenue -6.2% year-over-year).
- 2012: Revenue of $5.5M, expenses of $6.0M, and assets of $1.6M (revenue -3.2% year-over-year).
- 2011: Revenue of $5.7M, expenses of $6.7M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 475 Health Plan:
Data Sources and Methodology
This transparency report for Local 475 Health Plan 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.