Local 73 Health And Welfare Fund
Local 73 Health And Welfare Fund maintains stable finances with strong assets and no reported officer compensation.
EIN: 161067148 · Syracuse, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $3.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $8.5M |
| Transparency Score | 75/100 |
Is Local 73 Health And Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local 73 Health And Welfare Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 73 Health And Welfare Fund
Local 73 Health And Welfare Fund (EIN: 161067148) is a nonprofit organization based in Syracuse, NY. The organization reported total revenue of $3.5M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 73 Health And Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local 73 Health And Welfare Fund is a mid-size nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-141,551 |
| Total Assets | $8.5M |
| Total Liabilities | $54K |
| Net Assets | $8.5M |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 29.3 months |
Financial Health Grade: B
In 2022, Local 73 Health And Welfare Fund reported a deficit of $142K with expenses exceeding revenue, holds 29.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Local 73 Health And Welfare Fund's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +9.8% | +32.2% | -6.5% |
| 2021 | -8.2% | -20.4% | +12.6% |
| 2020 | -2.5% | -1.6% | +2.8% |
| 2019 | +2.7% | +7.7% | +2.5% |
| 2018 | -7.6% | -12.0% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
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 73 Health And Welfare Fund with a Mission Score of 75 out of 100 (Good). 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 73 Health And Welfare Fund 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $142K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, which is highly unusual for an organization of this size with over $3 million in annual revenue. This suggests either a fully volunteer leadership or that executive compensation is categorized under other expense lines, which would require a deeper dive into the full 990 forms to understand.
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 73 Health And Welfare Fund's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data, hindering efficiency analysis.
- Consistent reporting of zero officer compensation, which is atypical for an organization of this size and warrants further investigation.
Strengths
The following positive indicators were identified for Local 73 Health And Welfare Fund:
- Strong asset base ($8,545,022 in 202204) significantly exceeding liabilities ($54,034), indicating financial stability.
- Consistent IRS 990 filing history over 12 periods, demonstrating regulatory compliance.
- Generally stable revenue and expense trends over the past decade, suggesting predictable operations.
- No reported officer compensation, potentially indicating efficient leadership costs or volunteer leadership.
Frequently Asked Questions about Local 73 Health And Welfare Fund
Is Local 73 Health And Welfare Fund a legitimate charity?
Local 73 Health And Welfare Fund (EIN: 161067148) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $3.5M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Local 73 Health And Welfare Fund spend its money?
Local 73 Health And Welfare Fund directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Local 73 Health And Welfare Fund tax-deductible?
Local 73 Health And Welfare Fund is registered as a tax-exempt nonprofit (EIN: 161067148). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Local 73 Health And Welfare Fund CEO make?
Local 73 Health And Welfare Fund's highest-compensated officer earns $3 annually. The organization reported $3.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Local 73 Health And Welfare Fund's spending goes to programs?
Local 73 Health And Welfare Fund directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Local 73 Health And Welfare Fund located?
Local 73 Health And Welfare Fund is headquartered in Syracuse, New York and files with the IRS under EIN 161067148.
How many years of IRS 990 filings does Local 73 Health And Welfare Fund have?
Local 73 Health And Welfare Fund has 12 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 $3.5M in total revenue.
How does Local 73 Health And Welfare Fund allocate its expenses between program services, administration, and fundraising?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information would be crucial for a comprehensive assessment of spending efficiency.
Why is no officer compensation reported in any of the IRS 990 filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization with annual revenues exceeding $3 million. This could indicate volunteer leadership, or that compensation is reported under different expense categories, which would require reviewing the full 990 forms for clarification.
What is the specific purpose of the 'Health And Welfare Fund' and how are its programs delivered?
While the name suggests a focus on health and welfare, the summary data does not detail the specific programs or services provided by the fund. Understanding the nature of its activities is essential for evaluating its mission impact.
Filing History
IRS 990 filing history for Local 73 Health And Welfare Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Local 73 Health And Welfare Fund's revenue has declined by 8.3%, moving from $3.7M to $3.4M. Total assets increased by 152.9% over the same period, from $3.4M to $8.5M. Total functional expenses rose by 25%, from $2.8M to $3.5M. In its most recent filing year (2022), Local 73 Health And Welfare Fund reported a deficit of $142K, with expenses exceeding revenue. The organization holds $54K in liabilities against $8.5M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $8.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.4M | $3.5M | $8.5M | $54K | — | View 990 |
| 2021 | $3.1M | $2.6M | $9.1M | $82K | — | View 990 |
| 2020 | $3.3M | $3.3M | $8.1M | $80K | — | View 990 |
| 2019 | $3.4M | $3.4M | $7.9M | $34K | — | View 990 |
| 2018 | $3.3M | $3.1M | $7.7M | $112K | — | View 990 |
| 2017 | $3.6M | $3.6M | $7.4M | $66K | — | View 990 |
| 2016 | $3.6M | $3.6M | $7.3M | $209K | — | View 990 |
| 2015 | $4.2M | $3.5M | $7.3M | $191K | — | View 990 |
| 2014 | $4.5M | $3.8M | $6.5M | $278K | — | View 990 |
| 2013 | $4.8M | $3.5M | $5.5M | $228K | — | View 990 |
| 2012 | $4.1M | $3.4M | $4.3M | $369K | — | View 990 |
| 2011 | $3.7M | $2.8M | $3.4M | $508K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.4M, expenses of $3.5M, and assets of $8.5M (revenue +9.8% year-over-year).
- 2021: Revenue of $3.1M, expenses of $2.6M, and assets of $9.1M (revenue -8.2% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.3M, and assets of $8.1M (revenue -2.5% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.4M, and assets of $7.9M (revenue +2.7% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.1M, and assets of $7.7M (revenue -7.6% year-over-year).
- 2017: Revenue of $3.6M, expenses of $3.6M, and assets of $7.4M (revenue -0.4% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.6M, and assets of $7.3M (revenue -14.7% year-over-year).
- 2015: Revenue of $4.2M, expenses of $3.5M, and assets of $7.3M (revenue -6.1% year-over-year).
- 2014: Revenue of $4.5M, expenses of $3.8M, and assets of $6.5M (revenue -4.9% year-over-year).
- 2013: Revenue of $4.8M, expenses of $3.5M, and assets of $5.5M (revenue +16.8% year-over-year).
- 2012: Revenue of $4.1M, expenses of $3.4M, and assets of $4.3M (revenue +11.1% year-over-year).
- 2011: Revenue of $3.7M, expenses of $2.8M, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local 73 Health And Welfare Fund:
Data Sources and Methodology
This transparency report for Local 73 Health And 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.