Massachusetts Public Employees Health & Welfare Fund
Stable Public Employee Health & Welfare Fund with Consistent Growth
EIN: 222618894 · Peabody, MA · NTEE: E81Z · Updated: 2026-04-04
Is Massachusetts Public Employees 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 →
Massachusetts Public Employees Health & Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Massachusetts Public Employees Health & Welfare Fund
Massachusetts Public Employees Health & Welfare Fund (EIN: 222618894) is a nonprofit organization based in Peabody, MA, classified under NTEE code E81Z. The organization reported total revenue of $41.5M and total assets of $90.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Massachusetts Public Employees Health & Welfare 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 Massachusetts Public Employees Health & Welfare 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Massachusetts Public Employees Health & Welfare Fund allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the low administrative expenses suggest it is not a significant portion of the overall expenditures.
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 Massachusetts Public Employees Health & Welfare Fund:
- Consistent revenue generation, with over $30 million in revenue in 2023.
- Strong asset growth, reaching over $90 million in 2023.
- Very low administrative and fundraising costs, indicating high efficiency.
- Stable financial performance over an extended period (2016-2023).
Frequently Asked Questions about Massachusetts Public Employees Health & Welfare Fund
Is Massachusetts Public Employees Health & Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Massachusetts Public Employees Health & Welfare Fund (EIN: 222618894) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Massachusetts Public Employees Health & Welfare Fund spend its money?
Massachusetts Public Employees Health & Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Massachusetts Public Employees Health & Welfare Fund tax-deductible?
Massachusetts Public Employees Health & Welfare Fund is registered as a tax-exempt nonprofit (EIN: 222618894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Massachusetts Public Employees Health & Welfare Fund do?
Massachusetts Public Employees Health & Welfare Fund is a nonprofit organization in the Health Care sector, located in Peabody, Massachusetts. It is classified under NTEE code E81Z.
How much revenue does Massachusetts Public Employees Health & Welfare Fund have?
Massachusetts Public Employees Health & Welfare Fund reported total revenue of $41,515,438. Based on 13 IRS 990 filings on record.
What are Massachusetts Public Employees Health & Welfare Fund's total assets?
Massachusetts Public Employees Health & Welfare Fund holds total assets of $90,766,006 as reported in IRS 990 filings.
Where is Massachusetts Public Employees Health & Welfare Fund located?
Massachusetts Public Employees Health & Welfare Fund is based in Peabody, Massachusetts.
What is Massachusetts Public Employees Health & Welfare Fund's EIN?
Massachusetts Public Employees Health & Welfare Fund's Employer Identification Number (EIN) is 222618894. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Massachusetts Public Employees Health & Welfare Fund?
Massachusetts Public Employees Health & Welfare Fund is classified under NTEE code E81Z (Health Care).
Is Massachusetts Public Employees Health & Welfare Fund a registered 501(c)(3)?
Yes, Massachusetts Public Employees Health & Welfare Fund is recognized as a tax-exempt organization by the IRS. EIN: 222618894.
Does Massachusetts Public Employees Health & Welfare Fund file IRS Form 990?
Yes, Massachusetts Public Employees Health & Welfare Fund has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Massachusetts Public Employees Health & Welfare Fund's revenue in 2023?
In the 202306 filing period, Massachusetts Public Employees Health & Welfare Fund reported total revenue of $30,969,948, total expenses of $26,936,492, and net assets of $82,514,559.
Is Massachusetts Public Employees Health & Welfare Fund's revenue growing or declining?
Massachusetts Public Employees Health & Welfare Fund's revenue is relatively stable. Revenue went from $29,841,958 (202206) to $30,969,948 (202306), a +3.8% change. Based on 13 filings on record.
What is Massachusetts Public Employees Health & Welfare Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Massachusetts Public Employees Health & Welfare Fund covers tax period 202306. It shows revenue of $30,969,948, expenses of $26,936,492, total assets of $82,514,559, and liabilities of $8,086,631.
How much does Massachusetts Public Employees Health & Welfare Fund spend on programs vs administration?
Based on IRS 990 analysis, Massachusetts Public Employees Health & Welfare Fund allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Massachusetts Public Employees Health & Welfare Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Massachusetts Public Employees Health & Welfare Fund appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Massachusetts Public Employees Health & Welfare Fund's strengths?
Positive indicators for Massachusetts Public Employees Health & Welfare Fund include: Consistent revenue generation, with over $30 million in revenue in 2023.. Strong asset growth, reaching over $90 million in 2023.. Very low administrative and fundraising costs, indicating high efficiency.. Stable financial performance over an extended period (2016-2023).. These findings are derived from AI analysis of the organization's financial filings.
How does Massachusetts Public Employees Health & Welfare Fund compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the low administrative expenses suggest it is not a significant portion of the overall expenditures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset growth, what strategies are in place to manage and invest the increasing fund balance to ensure long-term sustainability for public employee health and welfare benefits?
While the data shows consistent growth, the specific investment strategies or long-term financial planning documents are not provided. Further inquiry into their investment portfolio and actuarial assessments would be beneficial.
Filing History
IRS 990 filing history for Massachusetts Public Employees Health & Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Massachusetts Public Employees Health & Welfare Fund's revenue has grown by 22.6%, moving from $25.3M to $31.0M. Total assets increased by 153.8% over the same period, from $32.5M to $82.5M. Total functional expenses rose by 12.5%, from $24.0M to $26.9M. In its most recent filing year (2023), Massachusetts Public Employees Health & Welfare Fund reported a surplus of $4.0M, with revenue exceeding expenses. The organization holds $8.1M in liabilities against $82.5M in assets (debt-to-asset ratio: 9.8%), resulting in net assets of $74.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $31.0M | $26.9M | $82.5M | $8.1M | — | View 990 |
| 2022 | $29.8M | $25.5M | $74.5M | $4.8M | — | View 990 |
| 2021 | $30.1M | $26.5M | $76.8M | $5.1M | — | View 990 |
| 2020 | $30.8M | $22.5M | $65.0M | $3.6M | — | — |
| 2019 | $29.6M | $26.5M | $59.1M | $5.3M | — | View 990 |
| 2018 | $28.7M | $25.7M | $53.8M | $5.2M | — | View 990 |
| 2017 | $28.6M | $24.6M | $50.4M | $4.7M | — | View 990 |
| 2016 | $28.2M | $25.1M | $46.8M | $5.0M | — | View 990 |
| 2015 | $28.4M | $24.7M | $43.4M | $5.0M | — | View 990 |
| 2014 | $27.5M | $23.9M | $41.0M | $4.7M | — | View 990 |
| 2013 | $28.4M | $22.7M | $37.5M | $4.9M | — | View 990 |
| 2012 | $25.7M | $23.9M | $35.0M | $5.6M | — | View 990 |
| 2011 | $25.3M | $24.0M | $32.5M | $5.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.0M, expenses of $26.9M, and assets of $82.5M (revenue +3.8% year-over-year).
- 2022: Revenue of $29.8M, expenses of $25.5M, and assets of $74.5M (revenue -0.8% year-over-year).
- 2021: Revenue of $30.1M, expenses of $26.5M, and assets of $76.8M (revenue -2.3% year-over-year).
- 2020: Revenue of $30.8M, expenses of $22.5M, and assets of $65.0M (revenue +4.0% year-over-year).
- 2019: Revenue of $29.6M, expenses of $26.5M, and assets of $59.1M (revenue +3.2% year-over-year).
- 2018: Revenue of $28.7M, expenses of $25.7M, and assets of $53.8M (revenue +0.2% year-over-year).
- 2017: Revenue of $28.6M, expenses of $24.6M, and assets of $50.4M (revenue +1.5% year-over-year).
- 2016: Revenue of $28.2M, expenses of $25.1M, and assets of $46.8M (revenue -0.6% year-over-year).
- 2015: Revenue of $28.4M, expenses of $24.7M, and assets of $43.4M (revenue +3.1% year-over-year).
- 2014: Revenue of $27.5M, expenses of $23.9M, and assets of $41.0M (revenue -3.0% year-over-year).
- 2013: Revenue of $28.4M, expenses of $22.7M, and assets of $37.5M (revenue +10.5% year-over-year).
- 2012: Revenue of $25.7M, expenses of $23.9M, and assets of $35.0M (revenue +1.7% year-over-year).
- 2011: Revenue of $25.3M, expenses of $24.0M, and assets of $32.5M.
Data Sources and Methodology
This transparency report for Massachusetts Public Employees 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.