Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc
Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc shows consistent asset growth and no reported officer compensation.
EIN: 203443534 · Canfield, OH · NTEE: J40 · Updated: 2026-03-28
Is Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc
Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc (EIN: 203443534) is a nonprofit organization based in Canfield, OH, classified under NTEE code J40. The organization reported total revenue of $369K and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 16.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $430K |
| Total Expenses | $208K |
| Surplus / Deficit | +$222K |
| Total Assets | $7.4M |
| Total Liabilities | $6.9M |
| Net Assets | $437K |
| Operating Margin | 51.6% |
| Debt-to-Asset Ratio | 94.1% |
| Months of Reserves | 425.7 months |
Financial Health Grade: A
In 2023, Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc reported a surplus of $222K with revenue exceeding expenses, holds 425.7 months of operating reserves (strong position), has a debt-to-asset ratio of 94.1% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +61.0% | -3.6% | +15.9% |
| 2022 | +15.5% | -3.6% | +10.3% |
| 2021 | -14.9% | -11.3% | +8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2020 |
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 Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $222K, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are directly allocated to executive salaries or that such compensation is covered by an external entity, which is a positive sign for resource allocation.
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 Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc's IRS 990 filings:
- High liabilities relative to assets, with liabilities consistently over 90% of total assets (e.g., 94% in 2023).
Strengths
The following positive indicators were identified for Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc:
- Consistent asset growth over four years, from $5,304,495 in 2020 to $7,379,326 in 2023.
- No reported officer compensation, indicating efficient use of funds for executive pay.
- Positive net income in 2023 ($429,974 revenue vs. $208,035 expenses).
Frequently Asked Questions about Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc
Is Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc (EIN: 203443534) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc spend its money?
Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc tax-deductible?
Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc is registered as a tax-exempt nonprofit (EIN: 203443534). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the primary programs funded by the Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc?
Based on the NTEE code J40 (Labor Unions/Organizations) and the name, the organization likely supports programs related to the welfare, training, and advocacy for plasterers and cement masons, though specific program details are not available in the provided financial summary.
How does the organization manage its liabilities, which are substantial relative to its assets?
Liabilities have consistently been a significant portion of assets (e.g., $6,941,951 in liabilities against $7,379,326 in assets in 2023). A deeper dive into the nature of these liabilities (e.g., pension obligations, deferred revenue) would be necessary to assess their manageability and impact on financial health.
What is the source of the significant revenue fluctuation, particularly the increase in 2023?
Revenue increased from $267,053 in 2022 to $429,974 in 2023. Understanding the specific sources of this revenue (e.g., membership dues, investment income, grants) would provide insight into the organization's financial sustainability and growth drivers.
Filing History
IRS 990 filing history for Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc's revenue has grown by 58.3%, moving from $272K to $430K. Total assets increased by 39.1% over the same period, from $5.3M to $7.4M. Total functional expenses fell by 17.6%, from $253K to $208K. In its most recent filing year (2023), Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc reported a surplus of $222K, with revenue exceeding expenses. The organization holds $6.9M in liabilities against $7.4M in assets (debt-to-asset ratio: 94.1%), resulting in net assets of $437K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $430K | $208K | $7.4M | $6.9M | — | — |
| 2022 | $267K | $216K | $6.4M | $6.2M | — | View 990 |
| 2021 | $231K | $224K | $5.8M | $5.6M | — | View 990 |
| 2020 | $272K | $253K | $5.3M | $5.1M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $430K, expenses of $208K, and assets of $7.4M (revenue +61.0% year-over-year).
- 2022: Revenue of $267K, expenses of $216K, and assets of $6.4M (revenue +15.5% year-over-year).
- 2021: Revenue of $231K, expenses of $224K, and assets of $5.8M (revenue -14.9% year-over-year).
- 2020: Revenue of $272K, expenses of $253K, and assets of $5.3M.
Data Sources and Methodology
This transparency report for Ohio Conference Of Plasterers And Cement Masons Combined Funds Inc 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.