Pension Comm Joint Industry Board Of The Electrical Industry

Pension Comm Joint Industry Board consistently spends more than it earns, drawing down assets.

EIN: 130891045 · Flushing, NY · Updated: 2026-03-28

$938.3MRevenue

$264.9MAssets

70/100Mission Score (Good)

About Pension Comm Joint Industry Board Of The Electrical Industry

Pension Comm Joint Industry Board Of The Electrical Industry (EIN: 130891045) is a nonprofit organization based in Flushing, NY. The organization reported total revenue of $938.3M and total assets of $264.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pension Comm Joint Industry Board Of The Electrical Industry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Pension Comm Joint Industry Board Of The Electrical Industry operates as a significant financial entity, managing substantial assets and revenues. Over the past several years, the organization has consistently reported expenses exceeding its revenue, indicating a reliance on existing assets or other funding mechanisms to cover operational costs. For instance, in 2023, expenses were $584,191,373 against revenues of $466,330,019, resulting in a deficit. This trend suggests a need for careful monitoring of its long-term financial sustainability, especially given the fluctuating asset base, which has decreased from $591,200,957 in 2014 to $252,335,115 in 2023. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing public access to its financial data. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The absence of reported officer compensation is a notable aspect of its financial structure.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Pension Comm Joint Industry Board Of The Electrical Industry 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Pension Comm Joint Industry Board Of The Electrical Industry allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is unusual for an entity of this financial scale.

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 Pension Comm Joint Industry Board Of The Electrical Industry's IRS 990 filings:

Consistent operating deficits (expenses exceeding revenue) across multiple years, e.g., $584M expenses vs $466M revenue in 2023.
Significant decline in assets over the past decade, from $591M in 2014 to $252M in 2023, indicating asset depletion.
High liabilities relative to assets in some periods, such as $93M liabilities against $252M assets in 2023, though this is common for pension funds.

Strengths

The following positive indicators were identified for Pension Comm Joint Industry Board Of The Electrical Industry:

Consistent and timely IRS 990 filings, demonstrating transparency in financial reporting.
No reported officer compensation, which could indicate efficient use of funds if executive functions are covered elsewhere or are voluntary.
Manages substantial financial resources, indicating a significant role in its industry.

Frequently Asked Questions about Pension Comm Joint Industry Board Of The Electrical Industry

Is the Pension Comm Joint Industry Board financially sustainable given its consistent operating deficits?

The organization has consistently reported expenses exceeding revenue, for example, $584,191,373 in expenses versus $466,330,019 in revenue in 2023. This trend, coupled with a significant decrease in assets from $591,200,957 in 2014 to $252,335,115 in 2023, raises concerns about long-term financial sustainability if current spending patterns continue without increased revenue or asset growth.

What is the primary purpose of this organization, given its financial structure?

Based on the name 'Pension Comm Joint Industry Board Of The Electrical Industry' and its substantial financial activity, it likely serves as a pension fund or benefits administrator for the electrical industry. The large revenue and expense figures, along with significant assets and liabilities, are consistent with managing retirement or welfare benefits.

How does the organization cover its operating deficits?

The consistent deficits suggest the organization is drawing down its asset base to cover expenses. For example, in 2023, the deficit was over $117 million, and assets decreased by over $116 million from the previous year, indicating assets are being utilized to bridge the gap between revenue and expenses.

Why is there no reported officer compensation?

The consistent reporting of 0% officer compensation across all filings is unusual for an organization managing nearly a billion dollars in revenue. This could indicate that executive functions are performed by individuals compensated through other entities, or that the board operates on a purely voluntary basis without direct compensation from this specific entity.

Filing History

IRS 990 filing history for Pension Comm Joint Industry Board Of The Electrical Industry showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Pension Comm Joint Industry Board Of The Electrical Industry's revenue has grown by 65.4%, moving from $281.9M to $466.3M. Total assets decreased by 63% over the same period, from $682.2M to $252.3M. Total functional expenses rose by 74.8%, from $334.2M to $584.2M. In its most recent filing year (2023), Pension Comm Joint Industry Board Of The Electrical Industry reported a deficit of $117.9M, with expenses exceeding revenue. The organization holds $93.2M in liabilities against $252.3M in assets (debt-to-asset ratio: 36.9%), resulting in net assets of $159.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$466.3M	$584.2M	$252.3M	$93.2M	—	—
2022	$465.6M	$574.4M	$369.0M	$87.8M	—	View 990
2021	$485.7M	$576.7M	$511.1M	$86.6M	—	View 990
2020	$484.8M	$496.5M	$575.9M	$71.3M	—	View 990
2019	$518.7M	$579.8M	$583.1M	$84.9M	—	View 990
2018	$546.2M	$492.5M	$586.4M	$44.1M	—	View 990
2017	$441.6M	$486.1M	$566.7M	$57.9M	—	View 990
2016	$452.1M	$472.2M	$536.7M	$2.7M	—	View 990
2015	$433.4M	$440.8M	$549.3M	$12.8M	—	View 990
2014	$407.2M	$410.9M	$591.2M	$43.4M	—	View 990
2013	$395.0M	$363.4M	$628.5M	$75.8M	—	View 990
2012	$282.8M	$366.8M	$570.7M	$49.1M	—	View 990
2011	$281.9M	$334.2M	$682.2M	$81.5M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $466.3M, expenses of $584.2M, and assets of $252.3M (revenue +0.2% year-over-year).
2022: Revenue of $465.6M, expenses of $574.4M, and assets of $369.0M (revenue -4.1% year-over-year).
2021: Revenue of $485.7M, expenses of $576.7M, and assets of $511.1M (revenue +0.2% year-over-year).
2020: Revenue of $484.8M, expenses of $496.5M, and assets of $575.9M (revenue -6.5% year-over-year).
2019: Revenue of $518.7M, expenses of $579.8M, and assets of $583.1M (revenue -5.0% year-over-year).
2018: Revenue of $546.2M, expenses of $492.5M, and assets of $586.4M (revenue +23.7% year-over-year).
2017: Revenue of $441.6M, expenses of $486.1M, and assets of $566.7M (revenue -2.3% year-over-year).
2016: Revenue of $452.1M, expenses of $472.2M, and assets of $536.7M (revenue +4.3% year-over-year).
2015: Revenue of $433.4M, expenses of $440.8M, and assets of $549.3M (revenue +6.4% year-over-year).
2014: Revenue of $407.2M, expenses of $410.9M, and assets of $591.2M (revenue +3.1% year-over-year).
2013: Revenue of $395.0M, expenses of $363.4M, and assets of $628.5M (revenue +39.7% year-over-year).
2012: Revenue of $282.8M, expenses of $366.8M, and assets of $570.7M (revenue +0.3% year-over-year).
2011: Revenue of $281.9M, expenses of $334.2M, and assets of $682.2M.

Data Sources and Methodology

This transparency report for Pension Comm Joint Industry Board Of The Electrical Industry 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.