Mechanics Local 701 Training Fund

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Mechanics Local 701 Training Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals

Mechanics Local 701 Training Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Mechanics Local 701 Training Fund in one place.

Is Mechanics Local 701 Training Fund Legit?

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Mechanics Local 701 Training Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Mechanics Local 701 Training Fund is a mid-size nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Mechanics Local 701 Training Fund reported a surplus of $315K with revenue exceeding expenses, holds 15.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Mechanics Local 701 Training Fund's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $315K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.2%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Mechanics Local 701 Training Fund:

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.