Local 812 Health Fund
Local 812 Health Fund experiences declining assets and consistent liabilities amidst fluctuating revenue and expenses.
EIN: 136162404 · Great Neck, NY · Updated: 2026-03-28
Is Local 812 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 812 Health Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local 812 Health Fund
Local 812 Health Fund (EIN: 136162404) is a nonprofit organization based in Great Neck, NY. The organization reported total revenue of $58.9M and total assets of $15.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local 812 Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Local 812 Health Fund with a Mission Score of 70 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Local 812 Health Fund allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is highly favorable for a nonprofit of this size.
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 812 Health Fund's IRS 990 filings:
- Consistent trend of expenses exceeding revenue in multiple years (e.g., 2022, 2021, 2020, 2019, 2018, 2017, 2015), indicating reliance on reserves.
- Significant decline in assets from $44,739,833 in 2017 to $12,829,281 in 2023.
- High and consistent liabilities, such as $24,112,687 in 2023, which could indicate financial strain or specific operational structures.
Strengths
The following positive indicators were identified for Local 812 Health Fund:
- Consistent reporting of 0% officer compensation, indicating strong executive compensation transparency and efficiency.
- Substantial revenue base, consistently around $50 million annually, suggesting a large operational scale.
- Positive net income in the most recent filing (2023: Revenue $49,997,785 vs. Expenses $45,571,468), reversing a multi-year trend of deficits.
Frequently Asked Questions about Local 812 Health Fund
Is Local 812 Health Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 812 Health Fund (EIN: 136162404) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Local 812 Health Fund spend its money?
Local 812 Health Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Local 812 Health Fund tax-deductible?
Local 812 Health Fund is registered as a tax-exempt nonprofit (EIN: 136162404). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the nature of the significant liabilities reported by Local 812 Health Fund?
The filings consistently show substantial liabilities, such as $24,112,687 in 2023 and $32,406,393 in 2022. Understanding the composition of these liabilities (e.g., claims payable, deferred revenue, loans) is crucial for assessing financial risk.
How does Local 812 Health Fund plan to address the trend of declining assets?
Assets have decreased from $44,739,833 in 2017 to $12,829,281 in 2023. This sustained decline, often coinciding with expenses exceeding revenue, suggests a need for a clear strategy to rebuild reserves or adjust spending.
What is the primary source of the organization's revenue?
With revenue consistently around $50 million, identifying the main sources (e.g., employer contributions, member premiums, investment income) is important for understanding the organization's financial stability and potential vulnerabilities.
What specific programs or services does the Local 812 Health Fund provide?
Given its name, it likely provides health benefits. A detailed understanding of its program activities would help assess the impact of its substantial expenditures.
Filing History
IRS 990 filing history for Local 812 Health Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local 812 Health Fund's revenue has grown by 22.4%, moving from $40.8M to $50.0M. Total assets decreased by 42.5% over the same period, from $22.3M to $12.8M. Total functional expenses rose by 19.8%, from $38.0M to $45.6M. In its most recent filing year (2023), Local 812 Health Fund reported a surplus of $4.4M, with revenue exceeding expenses. The organization holds $24.1M in liabilities against $12.8M in assets (debt-to-asset ratio: 188.0%), resulting in net assets of $-11,283,406.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $50.0M | $45.6M | $12.8M | $24.1M | — | — |
| 2022 | $50.9M | $58.1M | $16.0M | $32.4M | — | View 990 |
| 2021 | $46.4M | $60.0M | $20.8M | $25.1M | — | View 990 |
| 2020 | $47.8M | $58.5M | $27.9M | $18.8M | — | View 990 |
| 2019 | $49.7M | $57.4M | $30.9M | $12.8M | — | View 990 |
| 2018 | $55.5M | $57.7M | $36.5M | $13.3M | — | View 990 |
| 2017 | $49.7M | $51.8M | $44.7M | $10.7M | — | — |
| 2016 | $49.2M | $48.2M | $41.8M | $9.5M | — | View 990 |
| 2015 | $48.6M | $50.0M | $40.1M | $10.6M | — | View 990 |
| 2014 | $49.1M | $47.8M | $42.6M | $9.7M | — | View 990 |
| 2013 | $46.0M | $37.3M | $37.2M | $7.0M | — | View 990 |
| 2012 | $42.1M | $36.3M | $28.5M | $7.1M | — | View 990 |
| 2011 | $40.8M | $38.0M | $22.3M | $7.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50.0M, expenses of $45.6M, and assets of $12.8M (revenue -1.8% year-over-year).
- 2022: Revenue of $50.9M, expenses of $58.1M, and assets of $16.0M (revenue +9.7% year-over-year).
- 2021: Revenue of $46.4M, expenses of $60.0M, and assets of $20.8M (revenue -3.0% year-over-year).
- 2020: Revenue of $47.8M, expenses of $58.5M, and assets of $27.9M (revenue -3.9% year-over-year).
- 2019: Revenue of $49.7M, expenses of $57.4M, and assets of $30.9M (revenue -10.5% year-over-year).
- 2018: Revenue of $55.5M, expenses of $57.7M, and assets of $36.5M (revenue +11.8% year-over-year).
- 2017: Revenue of $49.7M, expenses of $51.8M, and assets of $44.7M (revenue +0.9% year-over-year).
- 2016: Revenue of $49.2M, expenses of $48.2M, and assets of $41.8M (revenue +1.3% year-over-year).
- 2015: Revenue of $48.6M, expenses of $50.0M, and assets of $40.1M (revenue -1.0% year-over-year).
- 2014: Revenue of $49.1M, expenses of $47.8M, and assets of $42.6M (revenue +6.7% year-over-year).
- 2013: Revenue of $46.0M, expenses of $37.3M, and assets of $37.2M (revenue +9.1% year-over-year).
- 2012: Revenue of $42.1M, expenses of $36.3M, and assets of $28.5M (revenue +3.2% year-over-year).
- 2011: Revenue of $40.8M, expenses of $38.0M, and assets of $22.3M.
Data Sources and Methodology
This transparency report for Local 812 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.