Plumbers And Pipefitters Local Union No 421 Vacation Fund
Plumbers And Pipefitters Local Union No 421 Vacation Fund operates as a direct pass-through for member vacation benefits with no officer compensation.
EIN: 113834795 · Pembroke Pnes, FL · NTEE: Y43 · Updated: 2026-03-28
Is Plumbers And Pipefitters Local Union No 421 Vacation Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plumbers And Pipefitters Local Union No 421 Vacation Fund directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plumbers And Pipefitters Local Union No 421 Vacation Fund
Plumbers And Pipefitters Local Union No 421 Vacation Fund (EIN: 113834795) is a nonprofit organization based in Pembroke Pnes, FL, classified under NTEE code Y43. The organization reported total revenue of $2.7M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plumbers And Pipefitters Local Union No 421 Vacation Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Plumbers And Pipefitters Local Union No 421 Vacation Fund with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Plumbers And Pipefitters Local Union No 421 Vacation Fund allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% in both available filings, indicating that no officers or key employees receive salaries or other compensation from this specific fund. This is a strong positive for a member benefit fund.
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.
Strengths
The following positive indicators were identified for Plumbers And Pipefitters Local Union No 421 Vacation Fund:
- 100% program spending (direct member benefits) based on revenue matching expenses.
- Zero officer compensation reported in both available filings.
- Consistent financial operation as a pass-through fund for member benefits.
- Assets ($2,643,197 latest) appear to be well-managed relative to liabilities ($1,193,052 in 2023).
Frequently Asked Questions about Plumbers And Pipefitters Local Union No 421 Vacation Fund
Is Plumbers And Pipefitters Local Union No 421 Vacation Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Plumbers And Pipefitters Local Union No 421 Vacation Fund (EIN: 113834795) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Plumbers And Pipefitters Local Union No 421 Vacation Fund spend its money?
Plumbers And Pipefitters Local Union No 421 Vacation Fund directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Plumbers And Pipefitters Local Union No 421 Vacation Fund tax-deductible?
Plumbers And Pipefitters Local Union No 421 Vacation Fund is registered as a tax-exempt nonprofit (EIN: 113834795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Plumbers And Pipefitters Local Union No 421 Vacation Fund a good charity?
Based on the available IRS 990 data, this organization functions as a highly efficient pass-through fund for its members' vacation benefits. It's not a 'charity' in the traditional sense of public good, but it appears to be very effective at its stated purpose of managing member funds with no reported overhead or officer compensation.
How does the organization manage its funds given revenue equals expenses?
The consistent matching of revenue and expenses ($1,191,090 revenue vs. $1,191,090 expenses in 2023) indicates that the fund primarily collects and disburses vacation benefits to its members, acting as a direct conduit for these funds rather than accumulating significant reserves or spending on internal operations.
Filing History
IRS 990 filing history for Plumbers And Pipefitters Local Union No 421 Vacation Fund showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Plumbers And Pipefitters Local Union No 421 Vacation Fund's revenue has declined by 7.9%, moving from $1.3M to $1.2M. Total assets decreased by 6% over the same period, from $1.3M to $1.2M. Total functional expenses fell by 7.9%, from $1.3M to $1.2M. In its most recent filing year (2023), Plumbers And Pipefitters Local Union No 421 Vacation Fund reported a surplus of $0, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $1.2M in assets (debt-to-asset ratio: 98.3%), resulting in net assets of $20K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $1.2M | $1.2M | — | View 990 |
| 2022 | $1.3M | $1.3M | $1.3M | $1.3M | — | View 990 |
Data Sources and Methodology
This transparency report for Plumbers And Pipefitters Local Union No 421 Vacation 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.