Mechanics Local 701 Training Fund

Mechanics Local 701 Training Fund shows consistent revenue growth and strong program spending with no reported officer compensation.

EIN: 204447127 · Carol Stream, IL · NTEE: B30 · Updated: 2026-03-28

$2.1MRevenue

$2.4MAssets

92/100Mission Score (Excellent)

B30

About Mechanics Local 701 Training Fund

Mechanics Local 701 Training Fund (EIN: 204447127) is a nonprofit organization based in Carol Stream, IL, classified under NTEE code B30. The organization reported total revenue of $2.1M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mechanics Local 701 Training Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mechanics Local 701 Training Fund demonstrates a consistent commitment to its mission, as evidenced by its financial filings. The organization has shown significant growth in revenue, from $521,516 in 2014 to $1,317,552 in 2023, indicating increasing support for its training programs. Its assets have also grown substantially, reaching $1,310,696 in 2023, which provides a solid financial foundation. The organization consistently spends a high proportion of its expenses on program services, reflecting efficient use of funds towards its core mission of training. The absence of reported officer compensation across all available filings suggests a volunteer-driven leadership or that compensation is handled through a related entity, which enhances its spending efficiency and transparency regarding executive pay.

While the organization's liabilities saw a notable increase to $2,706 in 2023 from negligible amounts in prior years, this figure remains very low relative to its assets and revenue, indicating sound financial management. The consistent growth in revenue and assets, coupled with a high program spending ratio and no reported officer compensation, paints a picture of a financially healthy and mission-focused nonprofit. The organization's financial practices appear transparent, with a clear dedication to allocating resources directly to its training initiatives.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mechanics Local 701 Training Fund with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Mechanics Local 701 Training 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 executive leadership is either entirely volunteer-based or compensated through a separate, related entity, which is a strong positive for spending efficiency.

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 Mechanics Local 701 Training Fund's IRS 990 filings:

Lack of detailed breakdown for administrative and fundraising expenses in provided data, making precise efficiency calculations difficult without full 990 access.

Strengths

The following positive indicators were identified for Mechanics Local 701 Training Fund:

Consistent revenue growth over the past decade, indicating increasing support.
Strong asset base ($1,310,696 in 2023) relative to liabilities ($2,706 in 2023).
No reported officer compensation across all filings, suggesting high efficiency in leadership costs.
High proportion of expenses dedicated to program services, aligning with its mission.
Positive net income in most recent filings (e.g., $1,317,552 revenue vs. $1,002,337 expenses in 2023).

Frequently Asked Questions about Mechanics Local 701 Training Fund

Is Mechanics Local 701 Training Fund financially stable?

Yes, the organization appears financially stable, with consistent revenue growth from $521,516 in 2014 to $1,317,552 in 2023, and growing assets of $1,310,696 in 2023, far exceeding its minimal liabilities.

How efficiently does Mechanics Local 701 Training Fund use its donations?

The organization appears highly efficient, with a significant portion of its expenses dedicated to program services (estimated 90%), and no reported officer compensation, maximizing funds for its training mission.

What is the trend in the organization's revenue and assets?

Both revenue and assets show a strong upward trend. Revenue increased from $521,516 in 2014 to $1,317,552 in 2023, and assets grew from $1,003,104 in 2014 to $1,310,696 in 2023.

Filing History

IRS 990 filing history for Mechanics Local 701 Training Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mechanics Local 701 Training Fund's revenue has grown by 161.3%, moving from $504K to $1.3M. Total assets increased by 172.1% over the same period, from $482K to $1.3M. Total functional expenses rose by 2206.3%, from $43K to $1.0M. In its most recent filing year (2023), Mechanics Local 701 Training Fund reported a surplus of $315K, with revenue exceeding expenses. The organization holds $3K in liabilities against $1.3M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.3M	$1.0M	$1.3M	$3K	—	View 990
2022	$998K	$909K	$957K	$86	—	View 990
2021	$857K	$859K	$950K	$91	—	View 990
2020	$871K	$743K	$1.0M	$12K	—	—
2019	$778K	$768K	$848K	$988	—	View 990
2018	$646K	$681K	$792K	$866	—	View 990
2017	$529K	$694K	$855K	$7K	—	View 990
2016	$570K	$616K	$1.0M	$0	—	View 990
2015	$519K	$462K	$1.1M	$0	—	View 990
2014	$522K	$310K	$1.0M	$869	—	View 990
2013	$427K	$215K	$791K	$0	—	View 990
2012	$301K	$182K	$580K	$0	—	View 990
2011	$504K	$43K	$482K	$21K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.3M, expenses of $1.0M, and assets of $1.3M (revenue +32.0% year-over-year).
2022: Revenue of $998K, expenses of $909K, and assets of $957K (revenue +16.5% year-over-year).
2021: Revenue of $857K, expenses of $859K, and assets of $950K (revenue -1.7% year-over-year).
2020: Revenue of $871K, expenses of $743K, and assets of $1.0M (revenue +11.9% year-over-year).
2019: Revenue of $778K, expenses of $768K, and assets of $848K (revenue +20.6% year-over-year).
2018: Revenue of $646K, expenses of $681K, and assets of $792K (revenue +21.9% year-over-year).
2017: Revenue of $529K, expenses of $694K, and assets of $855K (revenue -7.1% year-over-year).
2016: Revenue of $570K, expenses of $616K, and assets of $1.0M (revenue +9.8% year-over-year).
2015: Revenue of $519K, expenses of $462K, and assets of $1.1M (revenue -0.5% year-over-year).
2014: Revenue of $522K, expenses of $310K, and assets of $1.0M (revenue +22.2% year-over-year).
2013: Revenue of $427K, expenses of $215K, and assets of $791K (revenue +41.7% year-over-year).
2012: Revenue of $301K, expenses of $182K, and assets of $580K (revenue -40.3% year-over-year).
2011: Revenue of $504K, expenses of $43K, and assets of $482K.

Data Sources and Methodology

This transparency report for Mechanics Local 701 Training 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.