North Atlantic States Carpenters Labor Management Program
North Atlantic States Carpenters Labor Management Program: Strong Assets, Fluctuating Revenue, and High Program Spending
EIN: 222520206 · Boston, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $13.9M |
| Total Expenses | $13.2M |
| Program Spending | 90% |
| Net Assets | $30.0M |
| Transparency Score | 75/100 |
Is North Atlantic States Carpenters Labor Management Program Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Atlantic States Carpenters Labor Management Program directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Atlantic States Carpenters Labor Management Program
North Atlantic States Carpenters Labor Management Program (EIN: 222520206) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $13.9M and total assets of $38.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Atlantic States Carpenters Labor Management Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Atlantic States Carpenters Labor Management Program is a large nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.6M |
| Total Expenses | $13.2M |
| Surplus / Deficit | +$427K |
| Total Assets | $30.5M |
| Total Liabilities | $486K |
| Net Assets | $30.0M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 27.8 months |
Financial Health Grade: A
In 2023, North Atlantic States Carpenters Labor Management Program reported a surplus of $427K with revenue exceeding expenses, holds 27.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), North Atlantic States Carpenters Labor Management Program's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.0% | -1.0% | +2.1% |
| 2022 | -3.7% | -0.3% | -6.8% |
| 2021 | -18.9% | +25.6% | -0.3% |
| 2020 | -11.5% | -2.2% | +20.6% |
| 2019 | +43.2% | -3.6% | +36.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1985 |
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 North Atlantic States Carpenters Labor Management Program 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, North Atlantic States Carpenters Labor Management Program allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $427K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% in available filings, which is unusual and warrants further investigation to understand how leadership is compensated.
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 North Atlantic States Carpenters Labor Management Program's IRS 990 filings:
- Consistent reporting of 0% compensation for key employees across multiple years may indicate a lack of transparency regarding executive remuneration or an unusual compensation structure.
- Revenue has shown significant fluctuations over the past few years, from a high of $18,362,845 in 2019 to $13,904,855 in 2023, which could impact long-term financial planning.
Strengths
The following positive indicators were identified for North Atlantic States Carpenters Labor Management Program:
- The organization maintains a strong asset base, with $38,944,880 in assets as of the latest filing, providing a solid financial foundation.
- Expenditures consistently exceed revenues in recent years (e.g., $13,152,251 expenses vs. $13,578,840 revenue in 2023), indicating efficient use of funds or reliance on prior reserves.
- The organization consistently reports low liabilities, such as $485,533 in 2023, suggesting good financial management and minimal debt.
Frequently Asked Questions about North Atlantic States Carpenters Labor Management Program
Is North Atlantic States Carpenters Labor Management Program a legitimate charity?
North Atlantic States Carpenters Labor Management Program (EIN: 222520206) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.9M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does North Atlantic States Carpenters Labor Management Program spend its money?
North Atlantic States Carpenters Labor Management Program directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to North Atlantic States Carpenters Labor Management Program tax-deductible?
North Atlantic States Carpenters Labor Management Program is registered as a tax-exempt nonprofit (EIN: 222520206). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North Atlantic States Carpenters Labor Management Program's spending goes to programs?
North Atlantic States Carpenters Labor Management Program directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is North Atlantic States Carpenters Labor Management Program located?
North Atlantic States Carpenters Labor Management Program is headquartered in Boston, Massachusetts and files with the IRS under EIN 222520206.
How many years of IRS 990 filings does North Atlantic States Carpenters Labor Management Program have?
North Atlantic States Carpenters Labor Management Program has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $13.9M in total revenue.
What does North Atlantic States Carpenters Labor Management Program do?
North Atlantic States Carpenters Labor Management Program is a nonprofit organization in the Unknown sector, located in Boston, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does North Atlantic States Carpenters Labor Management Program have?
North Atlantic States Carpenters Labor Management Program reported total revenue of $13,904,855. Based on 13 IRS 990 filings on record.
What are North Atlantic States Carpenters Labor Management Program's total assets?
North Atlantic States Carpenters Labor Management Program holds total assets of $38,944,880 as reported in IRS 990 filings.
Where is North Atlantic States Carpenters Labor Management Program located?
North Atlantic States Carpenters Labor Management Program is based in Boston, Massachusetts.
What is North Atlantic States Carpenters Labor Management Program's EIN?
North Atlantic States Carpenters Labor Management Program's Employer Identification Number (EIN) is 222520206. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is North Atlantic States Carpenters Labor Management Program?
North Atlantic States Carpenters Labor Management Program is classified under NTEE code Unknown (Unknown).
Is North Atlantic States Carpenters Labor Management Program a registered 501(c)(3)?
North Atlantic States Carpenters Labor Management Program appears in IRS records (EIN: 222520206). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does North Atlantic States Carpenters Labor Management Program file IRS Form 990?
Yes, North Atlantic States Carpenters Labor Management Program has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was North Atlantic States Carpenters Labor Management Program's revenue in 2023?
In the 202306 filing period, North Atlantic States Carpenters Labor Management Program reported total revenue of $13,578,840, total expenses of $13,152,251, and net assets of $30,456,755.
Is North Atlantic States Carpenters Labor Management Program's revenue growing or declining?
North Atlantic States Carpenters Labor Management Program's revenue is growing. Revenue went from $12,688,057 (202206) to $13,578,840 (202306), a +7.0% change. Based on 13 filings on record.
What is North Atlantic States Carpenters Labor Management Program's most recent 990 filing?
The most recent IRS Form 990 filing for North Atlantic States Carpenters Labor Management Program covers tax period 202306. It shows revenue of $13,578,840, expenses of $13,152,251, total assets of $30,456,755, and liabilities of $485,533.
How much does North Atlantic States Carpenters Labor Management Program spend on programs vs administration?
Based on IRS 990 analysis, North Atlantic States Carpenters Labor Management Program allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is North Atlantic States Carpenters Labor Management Program a trustworthy charity?
Based on AI analysis of IRS 990 data, North Atlantic States Carpenters Labor Management Program appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for North Atlantic States Carpenters Labor Management Program?
The following concerns were identified: Consistent reporting of 0% compensation for key employees across multiple years may indicate a lack of transparency regarding executive remuneration or an unusual compensation structure.. Revenue has shown significant fluctuations over the past few years, from a high of $18,362,845 in 2019 to $13,904,855 in 2023, which could impact long-term financial planning.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are North Atlantic States Carpenters Labor Management Program's strengths?
Positive indicators for North Atlantic States Carpenters Labor Management Program include: The organization maintains a strong asset base, with $38,944,880 in assets as of the latest filing, providing a solid financial foundation.. Expenditures consistently exceed revenues in recent years (e.g., $13,152,251 expenses vs. $13,578,840 revenue in 2023), indicating efficient use of funds or reliance on prior reserves.. The organization consistently reports low liabilities, such as $485,533 in 2023, suggesting good financial management and minimal debt.. These findings are derived from AI analysis of the organization's financial filings.
How does North Atlantic States Carpenters Labor Management Program compensate executives?
Executive compensation is consistently reported as 0% in available filings, which is unusual and warrants further investigation to understand how leadership is compensated. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% compensation reported for key employees, how does the organization attract and retain leadership talent, and what is the actual compensation structure for its executives?
The consistent 0% compensation reported in filings is highly unusual for an organization of this size. It suggests that executive compensation might be structured in a non-traditional way, such as through a related entity, or that the individuals are compensated by a parent organization, or that they are volunteers. Further inquiry into their specific compensation policies and related party transactions would be necessary to understand how leadership is truly compensated and retained.
What factors contribute to the significant year-over-year fluctuations in revenue, and how does the organization manage its programs and operations amidst this variability?
Revenue has varied significantly, from $18,362,845 in 2019 to $13,904,855 in 2023. This volatility could be due to project-based funding, economic cycles affecting labor management programs, or changes in membership dues. Managing programs with such fluctuating income would require robust financial planning, flexible budgeting, and potentially a reliance on the substantial asset base to smooth out operational costs during leaner years.
Filing History
IRS 990 filing history for North Atlantic States Carpenters Labor Management Program showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Atlantic States Carpenters Labor Management Program's revenue has grown by 151.8%, moving from $5.4M to $13.6M. Total assets increased by 168.7% over the same period, from $11.3M to $30.5M. Total functional expenses rose by 108.3%, from $6.3M to $13.2M. In its most recent filing year (2023), North Atlantic States Carpenters Labor Management Program reported a surplus of $427K, with revenue exceeding expenses. The organization holds $486K in liabilities against $30.5M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $30.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.6M | $13.2M | $30.5M | $486K | — | View 990 |
| 2022 | $12.7M | $13.3M | $29.8M | $842K | — | View 990 |
| 2021 | $13.2M | $13.3M | $32.0M | $280K | — | — |
| 2020 | $16.2M | $10.6M | $32.1M | $242K | — | View 990 |
| 2019 | $18.4M | $10.9M | $26.6M | $354K | — | View 990 |
| 2018 | $12.8M | $11.3M | $19.4M | $739K | — | View 990 |
| 2017 | $13.6M | $11.9M | $17.4M | $279K | — | View 990 |
| 2016 | $12.3M | $10.1M | $15.7M | $321K | — | View 990 |
| 2015 | $8.9M | $7.5M | $13.8M | $632K | — | View 990 |
| 2014 | $7.6M | $6.9M | $12.0M | $277K | — | View 990 |
| 2013 | $7.0M | $6.3M | $11.3M | $373K | — | View 990 |
| 2012 | $5.2M | $5.5M | $10.8M | $531K | — | View 990 |
| 2011 | $5.4M | $6.3M | $11.3M | $796K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.6M, expenses of $13.2M, and assets of $30.5M (revenue +7.0% year-over-year).
- 2022: Revenue of $12.7M, expenses of $13.3M, and assets of $29.8M (revenue -3.7% year-over-year).
- 2021: Revenue of $13.2M, expenses of $13.3M, and assets of $32.0M (revenue -18.9% year-over-year).
- 2020: Revenue of $16.2M, expenses of $10.6M, and assets of $32.1M (revenue -11.5% year-over-year).
- 2019: Revenue of $18.4M, expenses of $10.9M, and assets of $26.6M (revenue +43.2% year-over-year).
- 2018: Revenue of $12.8M, expenses of $11.3M, and assets of $19.4M (revenue -6.0% year-over-year).
- 2017: Revenue of $13.6M, expenses of $11.9M, and assets of $17.4M (revenue +10.8% year-over-year).
- 2016: Revenue of $12.3M, expenses of $10.1M, and assets of $15.7M (revenue +38.1% year-over-year).
- 2015: Revenue of $8.9M, expenses of $7.5M, and assets of $13.8M (revenue +16.9% year-over-year).
- 2014: Revenue of $7.6M, expenses of $6.9M, and assets of $12.0M (revenue +9.4% year-over-year).
- 2013: Revenue of $7.0M, expenses of $6.3M, and assets of $11.3M (revenue +32.9% year-over-year).
- 2012: Revenue of $5.2M, expenses of $5.5M, and assets of $10.8M (revenue -2.8% year-over-year).
- 2011: Revenue of $5.4M, expenses of $6.3M, and assets of $11.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Atlantic States Carpenters Labor Management Program:
Data Sources and Methodology
This transparency report for North Atlantic States Carpenters Labor Management Program 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.