Plumbers 112 Welfare Plan
Plumbers 112 Welfare Plan shows consistent asset growth and no officer compensation over the past decade.
EIN: 166053348 · Binghamton, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.1M |
| Total Expenses | $8.1M |
| Program Spending | 95% |
| Net Assets | $13.5M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Plumbers 112 Welfare Plan Form 990, Revenue, CEO Pay, and IRS Filing Signals
Plumbers 112 Welfare Plan is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Plumbers 112 Welfare Plan in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $9.2M and expenses of $8.1M.
Revenue and Expenses
Plumbers 112 Welfare Plan reported $9.2M in revenue and $8.1M in expenses, a surplus of $1.1M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Plumbers 112 Welfare Plan Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $7.7M (95%) |
Across stored filings, Plumbers 112 Welfare Plan shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 95% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Healthy Capital District Initiative →All New York nonprofits
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Binghamton, NY nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Plumbers 112 Welfare Plan directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plumbers 112 Welfare Plan
Plumbers 112 Welfare Plan (EIN: 166053348) is a nonprofit organization based in Binghamton, NY. The organization reported total revenue of $13.1M and total assets of $14.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plumbers 112 Welfare Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plumbers 112 Welfare Plan is a large nonprofit that has been operating for 63 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.2M |
| Total Expenses | $8.1M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $13.8M |
| Total Liabilities | $300K |
| Net Assets | $13.5M |
| Operating Margin | 11.8% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 20.3 months |
Financial Health Grade: A
In 2023, Plumbers 112 Welfare Plan reported a surplus of $1.1M with revenue exceeding expenses, holds 20.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Plumbers 112 Welfare Plan's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.0% | +11.1% | +14.5% |
| 2022 | -1.8% | -0.6% | -0.2% |
| 2021 | +18.0% | +18.1% | +20.9% |
| 2020 | -2.6% | -3.3% | +21.2% |
| 2019 | +2.6% | +11.1% | +24.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1963 |
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 Plumbers 112 Welfare Plan 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: 95%
- fundraising: 0%
According to IRS 990 filings, Plumbers 112 Welfare Plan allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for an organization of this size and suggests a volunteer-led or externally managed structure for leadership.
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 Plumbers 112 Welfare Plan's IRS 990 filings:
- NTEE Code is unknown, which can make it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Plumbers 112 Welfare Plan:
- Consistent asset growth, increasing from $8,227,787 in 2019 to $13,766,152 in 2023.
- Zero officer compensation reported across all available filings, indicating high efficiency and transparency.
- Consistently operating with a surplus, such as $1,091,527 in 2023 (Revenue $9,212,512 - Expenses $8,120,985).
- Low liabilities relative to assets, demonstrating strong financial stability (e.g., $300,276 liabilities vs. $13,766,152 assets in 2023).
Frequently Asked Questions about Plumbers 112 Welfare Plan
Is Plumbers 112 Welfare Plan a legitimate charity?
Plumbers 112 Welfare Plan (EIN: 166053348) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Plumbers 112 Welfare Plan spend its money?
Plumbers 112 Welfare Plan directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Plumbers 112 Welfare Plan tax-deductible?
Plumbers 112 Welfare Plan is registered as a tax-exempt nonprofit (EIN: 166053348). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Plumbers 112 Welfare Plan located?
Plumbers 112 Welfare Plan is headquartered in Binghamton, New York and files with the IRS under EIN 166053348.
How many years of IRS 990 filings does Plumbers 112 Welfare Plan have?
Plumbers 112 Welfare Plan 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 $13.1M in total revenue.
Is Plumbers 112 Welfare Plan a good charity?
Based on the financial data, the Plumbers 112 Welfare Plan appears to be a very well-managed and efficient organization. It consistently reports zero officer compensation, maintains healthy asset growth, and operates with a surplus, indicating strong financial stewardship.
How does Plumbers 112 Welfare Plan manage its administrative costs?
The organization's administrative costs appear to be very low, especially given the consistent reporting of 0% officer compensation. This suggests a highly efficient operation where resources are primarily directed towards the welfare plan's core purpose.
What is the trend in the organization's financial health?
The Plumbers 112 Welfare Plan shows a strong positive trend in financial health, with assets growing from $8,227,787 in 2019 to $13,766,152 in 2023, and consistent revenue growth over the past several years.
Filing History
IRS 990 filing history for Plumbers 112 Welfare Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Plumbers 112 Welfare Plan's revenue has grown by 48.8%, moving from $6.2M to $9.2M. Total assets increased by 143.2% over the same period, from $5.7M to $13.8M. Total functional expenses rose by 63.9%, from $5.0M to $8.1M. In its most recent filing year (2023), Plumbers 112 Welfare Plan reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $300K in liabilities against $13.8M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $13.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.2M | $8.1M | $13.8M | $300K | — | — |
| 2022 | $8.8M | $7.3M | $12.0M | $195K | — | View 990 |
| 2021 | $8.9M | $7.4M | $12.1M | $680K | — | View 990 |
| 2020 | $7.6M | $6.2M | $10.0M | $63K | — | — |
| 2019 | $7.8M | $6.4M | $8.2M | $71K | — | View 990 |
| 2018 | $7.6M | $5.8M | $6.6M | $104K | — | View 990 |
| 2017 | $7.3M | $6.9M | $4.9M | $62K | — | — |
| 2016 | $6.4M | $8.6M | $4.4M | $70K | — | View 990 |
| 2015 | $6.3M | $6.0M | $6.6M | $78K | — | View 990 |
| 2014 | $7.0M | $7.5M | $6.5M | $99K | — | View 990 |
| 2013 | $6.7M | $6.4M | $6.9M | $96K | — | View 990 |
| 2012 | $6.3M | $5.4M | $6.6M | $86K | — | View 990 |
| 2011 | $6.2M | $5.0M | $5.7M | $88K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.2M, expenses of $8.1M, and assets of $13.8M (revenue +5.0% year-over-year).
- 2022: Revenue of $8.8M, expenses of $7.3M, and assets of $12.0M (revenue -1.8% year-over-year).
- 2021: Revenue of $8.9M, expenses of $7.4M, and assets of $12.1M (revenue +18.0% year-over-year).
- 2020: Revenue of $7.6M, expenses of $6.2M, and assets of $10.0M (revenue -2.6% year-over-year).
- 2019: Revenue of $7.8M, expenses of $6.4M, and assets of $8.2M (revenue +2.6% year-over-year).
- 2018: Revenue of $7.6M, expenses of $5.8M, and assets of $6.6M (revenue +3.6% year-over-year).
- 2017: Revenue of $7.3M, expenses of $6.9M, and assets of $4.9M (revenue +14.1% year-over-year).
- 2016: Revenue of $6.4M, expenses of $8.6M, and assets of $4.4M (revenue +1.5% year-over-year).
- 2015: Revenue of $6.3M, expenses of $6.0M, and assets of $6.6M (revenue -9.9% year-over-year).
- 2014: Revenue of $7.0M, expenses of $7.5M, and assets of $6.5M (revenue +4.9% year-over-year).
- 2013: Revenue of $6.7M, expenses of $6.4M, and assets of $6.9M (revenue +5.3% year-over-year).
- 2012: Revenue of $6.3M, expenses of $5.4M, and assets of $6.6M (revenue +2.5% year-over-year).
- 2011: Revenue of $6.2M, expenses of $5.0M, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Plumbers 112 Welfare Plan:
Data Sources and Methodology
This transparency report for Plumbers 112 Welfare Plan 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.