Mosaic & Terrazzo Welfare Fund

Mosaic & Terrazzo Welfare Fund experiences consistent operating deficits, drawing down assets while maintaining zero officer compensation.

EIN: 135676828 · Long Is City, NY · Updated: 2026-03-28

$9.3MRevenue

$5.4MAssets

75/100Mission Score (Good)

About Mosaic & Terrazzo Welfare Fund

Mosaic & Terrazzo Welfare Fund (EIN: 135676828) is a nonprofit organization based in Long Is City, NY. The organization reported total revenue of $9.3M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mosaic & Terrazzo Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Mosaic & Terrazzo Welfare Fund appears to be a well-established organization with a consistent history of operations, as evidenced by 13 IRS 990 filings. The organization's financial health shows some fluctuations, with recent years (2021-2023) indicating expenses exceeding revenue, leading to a decrease in assets from a high of $9,498,046 in 2014 to $5,406,911 in 2023. For example, in 2023, revenue was $8,059,008 while expenses were $9,067,727, resulting in a deficit. This trend suggests the organization is drawing down on its reserves to cover operational costs.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent reporting of 0% officer compensation across all available filings is a strong indicator of efficient use of funds at the executive level and excellent transparency in this area. The organization's liabilities have remained relatively stable and manageable compared to its assets, suggesting responsible financial management despite the recent operating deficits.

Transparency is high concerning executive compensation, with no reported officer compensation. The consistent filing of IRS 990s over a long period also demonstrates a commitment to public disclosure. However, the NTEE code being 'Unknown' could slightly hinder a clear understanding of its specific mission and comparative analysis within its sector. Further detail on the allocation of the $9,067,727 in expenses for 2023 would enhance the assessment of its spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mosaic & Terrazzo Welfare Fund with a Mission Score of 75 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Mosaic & Terrazzo Welfare Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is exceptionally transparent and efficient, with 0% reported officer compensation across all 13 available IRS 990 filings, indicating that no funds are allocated to officer salaries.

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 Mosaic & Terrazzo Welfare Fund's IRS 990 filings:

Consistent operating deficits in recent years (e.g., $1,008,719 deficit in 2023)
Significant decline in total assets over the past decade (from $9.5M in 2014 to $5.4M in 2023)

Strengths

The following positive indicators were identified for Mosaic & Terrazzo Welfare Fund:

Zero officer compensation reported across all filings, indicating high efficiency at the executive level.
Consistent and long-term IRS 990 filing history, demonstrating strong transparency.
Manageable liabilities relative to assets, suggesting responsible debt management.

Frequently Asked Questions about Mosaic & Terrazzo Welfare Fund

Why have expenses consistently exceeded revenue in recent years (2021-2023)?

The filings show that in 2023, expenses were $9,067,727 against revenue of $8,059,008, and similar trends in 2022 and 2021. This indicates the organization is spending more than it earns, potentially using reserves.

What is the specific breakdown of the organization's expenses?

While the filings show total expenses (e.g., $9,067,727 in 2023), a detailed breakdown into program, administrative, and fundraising costs is not provided in the summary data, making it difficult to assess spending efficiency beyond executive compensation.

What is the long-term strategy for addressing the decline in assets?

Assets have decreased from $9,498,046 in 2014 to $5,406,911 in 2023. This trend, coupled with operating deficits, suggests a need for a strategy to either increase revenue or reduce expenses to stabilize asset levels.

Filing History

IRS 990 filing history for Mosaic & Terrazzo Welfare Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mosaic & Terrazzo Welfare Fund's revenue has grown by 204.9%, moving from $2.6M to $8.1M. Total assets decreased by 20.8% over the same period, from $6.8M to $5.4M. Total functional expenses rose by 314.1%, from $2.2M to $9.1M. In its most recent filing year (2023), Mosaic & Terrazzo Welfare Fund reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $5.4M in assets (debt-to-asset ratio: 28.3%), resulting in net assets of $3.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$8.1M	$9.1M	$5.4M	$1.5M	—	—
2022	$8.8M	$9.3M	$6.8M	$2.0M	—	View 990
2021	$7.6M	$8.1M	$7.4M	$1.7M	—	View 990
2020	$4.8M	$5.5M	$7.3M	$1.0M	—	—
2019	$5.9M	$5.9M	$7.8M	$984K	—	View 990
2018	$5.7M	$6.8M	$7.8M	$1.2M	—	View 990
2017	$6.2M	$5.9M	$9.1M	$1.3M	—	View 990
2016	$5.4M	$4.9M	$8.5M	$1.1M	—	View 990
2015	$4.4M	$6.0M	$8.1M	$1.3M	—	View 990
2014	$5.1M	$4.7M	$9.5M	$1.1M	—	View 990
2013	$4.8M	$3.6M	$8.6M	$643K	—	View 990
2012	$3.8M	$3.0M	$7.5M	$765K	—	View 990
2011	$2.6M	$2.2M	$6.8M	$886K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $8.1M, expenses of $9.1M, and assets of $5.4M (revenue -8.2% year-over-year).
2022: Revenue of $8.8M, expenses of $9.3M, and assets of $6.8M (revenue +15.3% year-over-year).
2021: Revenue of $7.6M, expenses of $8.1M, and assets of $7.4M (revenue +57.3% year-over-year).
2020: Revenue of $4.8M, expenses of $5.5M, and assets of $7.3M (revenue -18.5% year-over-year).
2019: Revenue of $5.9M, expenses of $5.9M, and assets of $7.8M (revenue +3.9% year-over-year).
2018: Revenue of $5.7M, expenses of $6.8M, and assets of $7.8M (revenue -7.4% year-over-year).
2017: Revenue of $6.2M, expenses of $5.9M, and assets of $9.1M (revenue +15.4% year-over-year).
2016: Revenue of $5.4M, expenses of $4.9M, and assets of $8.5M (revenue +20.4% year-over-year).
2015: Revenue of $4.4M, expenses of $6.0M, and assets of $8.1M (revenue -13.1% year-over-year).
2014: Revenue of $5.1M, expenses of $4.7M, and assets of $9.5M (revenue +7.5% year-over-year).
2013: Revenue of $4.8M, expenses of $3.6M, and assets of $8.6M (revenue +24.7% year-over-year).
2012: Revenue of $3.8M, expenses of $3.0M, and assets of $7.5M (revenue +44.3% year-over-year).
2011: Revenue of $2.6M, expenses of $2.2M, and assets of $6.8M.

Data Sources and Methodology

This transparency report for Mosaic & Terrazzo 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.