Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B

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Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B Form 990, Revenue, CEO Pay, and IRS Filing Signals

Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B 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 Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B in one place.

Is Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B

Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B (EIN: 221594458) is a nonprofit organization based in N Brunswick, NJ. The organization reported total revenue of $7.6M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B is a mid-size nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B reported a deficit of $215K with expenses exceeding revenue, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.

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 Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B 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: 3%
• programs: 95%
• fundraising: 2%

According to IRS 990 filings, Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% 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 deficit of $215K, with expenses exceeding revenue.
• Debt-to-asset ratio: 2.0%.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, which suggests that key personnel may be compensated through other entities or that the fund is managed by volunteers, requiring further investigation.

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 Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's IRS 990 filings:

• Consistent reporting of $0 for officer, director, trustee, and key employee compensation across all years raises questions about how leadership is compensated or if this is a volunteer-run organization.
• Total assets have shown a declining trend from $11,595,361 in 2021 to $9,407,025 in 2023, warranting a closer look at the reasons for this decrease.
• The nature of 'Welfare Fund Plan A & B' is not explicitly detailed in the provided data, making it difficult to fully assess its programmatic impact.

Strengths

The following positive indicators were identified for Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B:

• The organization consistently maintains a high percentage of spending on programs, indicating a strong focus on its mission.
• Revenue has remained relatively stable over the past several years, demonstrating consistent funding streams.
• Low administrative and fundraising expenses suggest efficient operations and effective resource allocation.
• Liabilities have been consistently low, indicating sound financial health and minimal debt burden.

Frequently Asked Questions about Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B

Filing History

IRS 990 filing history for Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B's revenue has declined by 11.6%, moving from $9.2M to $8.2M. Total assets decreased by 36.5% over the same period, from $14.8M to $9.4M. Total functional expenses fell by 22.8%, from $10.9M to $8.4M. In its most recent filing year (2023), Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B reported a deficit of $215K, with expenses exceeding revenue. The organization holds $184K in liabilities against $9.4M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $9.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $8.2M, expenses of $8.4M, and assets of $9.4M (revenue +5.1% year-over-year).
• 2022: Revenue of $7.8M, expenses of $8.2M, and assets of $10.3M (revenue -9.4% year-over-year).
• 2021: Revenue of $8.6M, expenses of $8.0M, and assets of $11.6M (revenue +9.7% year-over-year).
• 2020: Revenue of $7.8M, expenses of $7.6M, and assets of $9.6M (revenue +6.4% year-over-year).
• 2019: Revenue of $7.3M, expenses of $7.2M, and assets of $9.3M (revenue +13.9% year-over-year).
• 2018: Revenue of $6.4M, expenses of $6.2M, and assets of $9.5M (revenue +10.3% year-over-year).
• 2017: Revenue of $5.8M, expenses of $5.8M, and assets of $8.8M (revenue +4.3% year-over-year).
• 2016: Revenue of $5.6M, expenses of $5.1M, and assets of $8.2M (revenue -10.8% year-over-year).
• 2015: Revenue of $6.3M, expenses of $6.3M, and assets of $7.8M (revenue -16.0% year-over-year).
• 2014: Revenue of $7.5M, expenses of $8.5M, and assets of $7.8M (revenue -8.6% year-over-year).
• 2013: Revenue of $8.2M, expenses of $10.5M, and assets of $9.1M (revenue -22.4% year-over-year).
• 2012: Revenue of $10.5M, expenses of $12.6M, and assets of $12.2M (revenue +14.2% year-over-year).
• 2011: Revenue of $9.2M, expenses of $10.9M, and assets of $14.8M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B:

Data Sources and Methodology

This transparency report for Mid Jersey Trucking Industry Local 701 Welfare Fund Plan A & B 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.