Northern Illinois Welfare Fund
Northern Illinois Welfare Fund shows consistent revenue growth and strong asset accumulation with no reported liabilities.
EIN: 204871642 · Rockford, IL · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| Net Assets | $3.6M |
| Transparency Score | 90/100 |
Is Northern Illinois Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northern Illinois Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northern Illinois Welfare Fund
Northern Illinois Welfare Fund (EIN: 204871642) is a nonprofit organization based in Rockford, IL, classified under NTEE code Y43. The organization reported total revenue of $1.8M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern Illinois Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northern Illinois Welfare Fund is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$417K |
| Total Assets | $3.6M |
| Net Assets | $3.6M |
| Operating Margin | 22.9% |
| Months of Reserves | 30.6 months |
Financial Health Grade: A
In 2023, Northern Illinois Welfare Fund reported a surplus of $417K with revenue exceeding expenses, holds 30.6 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Northern Illinois Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.7% | +12.1% | +12.2% |
| 2022 | +17.3% | +10.5% | +16.2% |
| 2021 | +16.0% | +18.8% | +21.2% |
| 2020 | +4.4% | -10.4% | +11.8% |
| 2019 | +4.2% | +20.1% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Northern Illinois Welfare Fund with a Mission Score of 90 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: 90%
- fundraising: 5%
According to IRS 990 filings, Northern Illinois Welfare Fund 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 $417K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue, suggesting either a fully volunteer leadership or compensation is reported under different expense categories.
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 Northern Illinois Welfare Fund's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual leadership compensation or operational structure.
Strengths
The following positive indicators were identified for Northern Illinois Welfare Fund:
- Consistent revenue growth, increasing from $847,485 in 2014 to $1,817,681 in 2023.
- Strong asset accumulation, growing from $1,312,607 in 2014 to $3,572,845 in 2023.
- Zero reported liabilities across all filings, indicating excellent financial health and low risk.
- Expenses consistently well below revenue, leading to healthy surpluses and asset growth.
- High mission score due to strong financial management and apparent efficiency.
Frequently Asked Questions about Northern Illinois Welfare Fund
Is Northern Illinois Welfare Fund a legitimate charity?
Northern Illinois Welfare Fund (EIN: 204871642) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.8M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Northern Illinois Welfare Fund spend its money?
Northern Illinois Welfare Fund directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Northern Illinois Welfare Fund tax-deductible?
Northern Illinois Welfare Fund is registered as a tax-exempt nonprofit (EIN: 204871642). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Northern Illinois Welfare Fund's spending goes to programs?
Northern Illinois Welfare Fund directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northern Illinois Welfare Fund compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Northern Illinois Welfare Fund is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northern Illinois Welfare Fund located?
Northern Illinois Welfare Fund is headquartered in Rockford, Illinois and files with the IRS under EIN 204871642. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Northern Illinois Welfare Fund have?
Northern Illinois Welfare Fund has 12 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 $1.8M in total revenue.
How does Northern Illinois Welfare Fund compensate its leadership if officer compensation is consistently reported as 0%?
The IRS 990 filings consistently show 0% officer compensation. This could mean leadership is entirely volunteer, or compensation is categorized differently (e.g., as program or administrative expenses) or paid by a related entity. Further investigation into their detailed expense breakdown would be needed for clarity.
What specific programs does Northern Illinois Welfare Fund operate given its NTEE code Y43 (Employee or Volunteer Welfare Organizations)?
While the NTEE code Y43 indicates a focus on employee or volunteer welfare, the provided data does not detail specific programs. To understand their programmatic impact, one would need to review the organization's full IRS 990 Part III (Statement of Program Service Accomplishments) or their website.
What is the primary source of Northern Illinois Welfare Fund's revenue?
The provided data only shows total revenue figures. To determine the primary source (e.g., contributions, program service revenue, investment income), one would need to examine the detailed revenue breakdown in the organization's full IRS 990 Part VIII (Statement of Revenue).
Filing History
IRS 990 filing history for Northern Illinois Welfare Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Northern Illinois Welfare Fund's revenue has grown by 105.2%, moving from $886K to $1.8M. Total assets increased by 126.2% over the same period, from $1.6M to $3.6M. Total functional expenses rose by 127.4%, from $616K to $1.4M. In its most recent filing year (2023), Northern Illinois Welfare Fund reported a surplus of $417K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.4M | $3.6M | $0 | — | View 990 |
| 2022 | $1.7M | $1.2M | $3.2M | $0 | — | View 990 |
| 2021 | $1.5M | $1.1M | $2.7M | $0 | — | View 990 |
| 2020 | $1.3M | $952K | $2.3M | $0 | — | View 990 |
| 2019 | $1.2M | $1.1M | $2.0M | $0 | — | View 990 |
| 2018 | $1.2M | $885K | $1.9M | $0 | — | View 990 |
| 2017 | $1.2M | $916K | $1.6M | $0 | — | View 990 |
| 2016 | $1.1M | $972K | $1.4M | $0 | — | View 990 |
| 2015 | $1.4M | $1.4M | $1.3M | $0 | — | View 990 |
| 2014 | $847K | $1.0M | $1.3M | $0 | — | View 990 |
| 2013 | $826K | $758K | $1.7M | $2K | — | View 990 |
| 2012 | $886K | $616K | $1.6M | $810 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.4M, and assets of $3.6M (revenue +5.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.2M, and assets of $3.2M (revenue +17.3% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.1M, and assets of $2.7M (revenue +16.0% year-over-year).
- 2020: Revenue of $1.3M, expenses of $952K, and assets of $2.3M (revenue +4.4% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $2.0M (revenue +4.2% year-over-year).
- 2018: Revenue of $1.2M, expenses of $885K, and assets of $1.9M (revenue -1.3% year-over-year).
- 2017: Revenue of $1.2M, expenses of $916K, and assets of $1.6M (revenue +5.1% year-over-year).
- 2016: Revenue of $1.1M, expenses of $972K, and assets of $1.4M (revenue -19.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $1.3M (revenue +64.0% year-over-year).
- 2014: Revenue of $847K, expenses of $1.0M, and assets of $1.3M (revenue +2.6% year-over-year).
- 2013: Revenue of $826K, expenses of $758K, and assets of $1.7M (revenue -6.7% year-over-year).
- 2012: Revenue of $886K, expenses of $616K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern Illinois Welfare Fund:
Data Sources and Methodology
This transparency report for Northern Illinois 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.