Metal Lathers Local 46 Vacation Fund
Metal Lathers Local 46 Vacation Fund consistently manages over $20 million in annual revenue and expenses with no reported officer compensation.
EIN: 136106454 · Woodside, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $22.5M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $684K |
| Transparency Score | 85/100 |
Is Metal Lathers Local 46 Vacation Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Metal Lathers Local 46 Vacation Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Metal Lathers Local 46 Vacation Fund
Metal Lathers Local 46 Vacation Fund (EIN: 136106454) is a nonprofit organization based in Woodside, NY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Metal Lathers Local 46 Vacation Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Metal Lathers Local 46 Vacation Fund is a large nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.4M |
| Total Expenses | $22.5M |
| Surplus / Deficit | $-129,619 |
| Total Assets | $2.4M |
| Total Liabilities | $1.7M |
| Net Assets | $684K |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 71.6% |
| Months of Reserves | 1.3 months |
Financial Health Grade: D
In 2016, Metal Lathers Local 46 Vacation Fund reported a deficit of $130K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 71.6% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Metal Lathers Local 46 Vacation Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -0.9% | +0.2% | +13.5% |
| 2015 | +13.6% | +12.3% | -16.8% |
| 2014 | +14.8% | +24.1% | +21.4% |
| 2013 | -13.3% | -19.8% | +122.8% |
| 2012 | -5.7% | -5.9% | -51.5% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Metal Lathers Local 46 Vacation 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: 95%
- fundraising: 0%
According to IRS 990 filings, Metal Lathers Local 46 Vacation Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $130K, with expenses exceeding revenue.
- Debt-to-asset ratio: 71.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly efficient for an organization managing over $20 million in annual financial activity.
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 Metal Lathers Local 46 Vacation Fund's IRS 990 filings:
- Latest reported period shows $0 revenue and assets, which is a significant and unexplained deviation from historical trends.
Strengths
The following positive indicators were identified for Metal Lathers Local 46 Vacation Fund:
- Consistent management of substantial financial flows (over $20 million annually) for member benefits.
- Zero reported officer compensation across all filings, indicating high efficiency in executive overhead.
- Maintains positive assets over liabilities, demonstrating financial stability.
- Consistent filing of IRS Form 990s, indicating a commitment to transparency.
Frequently Asked Questions about Metal Lathers Local 46 Vacation Fund
Is Metal Lathers Local 46 Vacation Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Metal Lathers Local 46 Vacation Fund (EIN: 136106454) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Metal Lathers Local 46 Vacation Fund spend its money?
Metal Lathers Local 46 Vacation Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Metal Lathers Local 46 Vacation Fund tax-deductible?
Metal Lathers Local 46 Vacation Fund is registered as a tax-exempt nonprofit (EIN: 136106454). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Metal Lathers Local 46 Vacation Fund CEO make?
Metal Lathers Local 46 Vacation Fund's highest-compensated officer earns $20 annually. Executive compensation data is disclosed in IRS 990 filings.
Where is Metal Lathers Local 46 Vacation Fund located?
Metal Lathers Local 46 Vacation Fund is headquartered in Woodside, New York and files with the IRS under EIN 136106454.
How many years of IRS 990 filings does Metal Lathers Local 46 Vacation Fund have?
Metal Lathers Local 46 Vacation Fund has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the nature of the 'Vacation Fund' and how does it operate?
The data suggests it's a fund for union members' vacation benefits, with significant annual inflows and outflows. Further details on its specific operational mechanics would clarify its direct impact.
Why is the latest reported revenue and assets $0?
The latest reported period shows $0 for both revenue and assets, which is a significant departure from historical trends. This could indicate a reporting anomaly, a change in the fund's status, or a specific cutoff date that doesn't reflect ongoing operations, and requires clarification.
What are the detailed expense categories beyond total expenses?
While total expenses are provided, a breakdown into administrative, program, and other operational costs would offer greater insight into spending efficiency and resource allocation.
How does the fund ensure equitable distribution of benefits?
Given its purpose as a vacation fund, understanding the mechanisms and criteria for benefit distribution to its members would be crucial for assessing its fairness and effectiveness.
Filing History
IRS 990 filing history for Metal Lathers Local 46 Vacation Fund showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Metal Lathers Local 46 Vacation Fund's revenue has grown by 5.7%, moving from $21.2M to $22.4M. Total assets increased by 23.9% over the same period, from $1.9M to $2.4M. Total functional expenses rose by 5.4%, from $21.4M to $22.5M. In its most recent filing year (2016), Metal Lathers Local 46 Vacation Fund reported a deficit of $130K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $2.4M in assets (debt-to-asset ratio: 71.6%), resulting in net assets of $684K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $22.4M | $22.5M | $2.4M | $1.7M | — | View 990 |
| 2015 | $22.6M | $22.5M | $2.1M | $1.8M | — | View 990 |
| 2014 | $19.9M | $20.0M | $2.5M | $2.4M | — | View 990 |
| 2013 | $17.3M | $16.1M | $2.1M | $1.7M | — | View 990 |
| 2012 | $20.0M | $20.1M | $942K | $1.8M | — | View 990 |
| 2011 | $21.2M | $21.4M | $1.9M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $22.4M, expenses of $22.5M, and assets of $2.4M (revenue -0.9% year-over-year).
- 2015: Revenue of $22.6M, expenses of $22.5M, and assets of $2.1M (revenue +13.6% year-over-year).
- 2014: Revenue of $19.9M, expenses of $20.0M, and assets of $2.5M (revenue +14.8% year-over-year).
- 2013: Revenue of $17.3M, expenses of $16.1M, and assets of $2.1M (revenue -13.3% year-over-year).
- 2012: Revenue of $20.0M, expenses of $20.1M, and assets of $942K (revenue -5.7% year-over-year).
- 2011: Revenue of $21.2M, expenses of $21.4M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Metal Lathers Local 46 Vacation Fund:
Data Sources and Methodology
This transparency report for Metal Lathers Local 46 Vacation 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.