Plumbers And Steamfitters Local No 21 Health And Welfare Fund
Plumbers And Steamfitters Local No 21 Health And Welfare Fund consistently provides benefits with no reported officer compensation, often operating with expenses exceeding revenue.
EIN: 134017983 · Peekskill, NY · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25.8M |
| Total Expenses | $19.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $14.9M |
| Transparency Score | 75/100 |
Is Plumbers And Steamfitters Local No 21 Health And Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plumbers And Steamfitters Local No 21 Health And Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plumbers And Steamfitters Local No 21 Health And Welfare Fund
Plumbers And Steamfitters Local No 21 Health And Welfare Fund (EIN: 134017983) is a nonprofit organization based in Peekskill, NY, classified under NTEE code Y43. The organization reported total revenue of $25.8M and total assets of $20.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plumbers And Steamfitters Local No 21 Health And Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plumbers And Steamfitters Local No 21 Health And Welfare Fund is a large nonprofit that has been operating for 27 years, with 11 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 | $20.6M |
| Total Expenses | $19.9M |
| Surplus / Deficit | +$649K |
| Total Assets | $16.9M |
| Total Liabilities | $2.0M |
| Net Assets | $14.9M |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 12.1% |
| Months of Reserves | 10.2 months |
Financial Health Grade: A
In 2023, Plumbers And Steamfitters Local No 21 Health And Welfare Fund reported a surplus of $649K with revenue exceeding expenses, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 12.1% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Plumbers And Steamfitters Local No 21 Health And Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.1% | +12.4% | +3.5% |
| 2022 | +3.0% | +8.0% | -7.7% |
| 2021 | -7.3% | -12.7% | +0.3% |
| 2020 | -11.9% | -5.3% | -5.3% |
| 2019 | +49.3% | +20.2% | +7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 And Steamfitters Local No 21 Health And Welfare Fund with a Mission Score of 75 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, Plumbers And Steamfitters Local No 21 Health And Welfare Fund 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $649K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers either serve without compensation or are compensated through other entities, which is highly unusual for an organization of this size with revenues exceeding $20 million in its latest period.
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 And Steamfitters Local No 21 Health And Welfare Fund's IRS 990 filings:
- Frequent periods where expenses exceed revenue, potentially drawing down reserves (e.g., 2022: $17.7M expenses vs. $16.7M revenue).
- 0% officer compensation reported for an organization of this size, which is atypical and may obscure actual management costs if compensation is paid by a related entity.
Strengths
The following positive indicators were identified for Plumbers And Steamfitters Local No 21 Health And Welfare Fund:
- Consistent IRS 990 filing history, indicating good compliance and transparency.
- Healthy asset base relative to liabilities, providing financial stability (e.g., 2023: $16.9M assets vs. $2.0M liabilities).
- No reported officer compensation, suggesting a lean executive cost structure or volunteer leadership.
Frequently Asked Questions about Plumbers And Steamfitters Local No 21 Health And Welfare Fund
Is Plumbers And Steamfitters Local No 21 Health And Welfare Fund a legitimate charity?
Plumbers And Steamfitters Local No 21 Health And Welfare Fund (EIN: 134017983) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $25.8M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Plumbers And Steamfitters Local No 21 Health And Welfare Fund spend its money?
Plumbers And Steamfitters Local No 21 Health And Welfare Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Plumbers And Steamfitters Local No 21 Health And Welfare Fund tax-deductible?
Plumbers And Steamfitters Local No 21 Health And Welfare Fund is registered as a tax-exempt nonprofit (EIN: 134017983). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Plumbers And Steamfitters Local No 21 Health And Welfare Fund CEO make?
Plumbers And Steamfitters Local No 21 Health And Welfare Fund's highest-compensated officer earns $20 annually. The organization reported $25.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Plumbers And Steamfitters Local No 21 Health And Welfare Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), Plumbers And Steamfitters Local No 21 Health And 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 Plumbers And Steamfitters Local No 21 Health And Welfare Fund located?
Plumbers And Steamfitters Local No 21 Health And Welfare Fund is headquartered in Peekskill, New York and files with the IRS under EIN 134017983. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Plumbers And Steamfitters Local No 21 Health And Welfare Fund have?
Plumbers And Steamfitters Local No 21 Health And Welfare Fund has 11 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 $25.8M in total revenue.
Is Plumbers And Steamfitters Local No 21 Health And Welfare Fund a good charity?
As a health and welfare fund (NTEE Y43), it functions more as a benefit provider for its members rather than a traditional public charity. Its 'goodness' should be assessed based on its ability to provide promised benefits efficiently to its members, which appears to be its primary function.
How does the organization manage its finances given frequent expense overages?
The organization frequently reports expenses exceeding revenue, such as in 2022 ($17.7M expenses vs. $16.7M revenue). This suggests it may draw from its asset reserves, which have fluctuated but generally remain substantial (e.g., $16.9M in assets in 2023).
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization with revenues in the tens of millions. It could mean officers are volunteers, compensated by a related entity, or that the compensation is reported under a different category, warranting further investigation for full transparency.
Filing History
IRS 990 filing history for Plumbers And Steamfitters Local No 21 Health And Welfare Fund showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Plumbers And Steamfitters Local No 21 Health And Welfare Fund's revenue has grown by 49.6%, moving from $13.8M to $20.6M. Total assets decreased by 32.7% over the same period, from $25.2M to $16.9M. Total functional expenses rose by 68.3%, from $11.8M to $19.9M. In its most recent filing year (2023), Plumbers And Steamfitters Local No 21 Health And Welfare Fund reported a surplus of $649K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $16.9M in assets (debt-to-asset ratio: 12.1%), resulting in net assets of $14.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.6M | $19.9M | $16.9M | $2.0M | — | View 990 |
| 2022 | $16.7M | $17.7M | $16.4M | $2.2M | — | View 990 |
| 2021 | $16.2M | $16.4M | $17.7M | $1.9M | — | — |
| 2020 | $17.5M | $18.8M | $17.7M | $2.8M | — | — |
| 2019 | $19.9M | $19.8M | $18.7M | $2.8M | — | View 990 |
| 2018 | $13.3M | $16.5M | $17.4M | $2.4M | — | View 990 |
| 2016 | $10.9M | $15.1M | $15.1M | $293K | — | View 990 |
| 2014 | $12.9M | $13.8M | $20.8M | $290K | — | View 990 |
| 2013 | $11.6M | $15.2M | $21.6M | $291K | — | View 990 |
| 2012 | $14.4M | $14.3M | $25.2M | $311K | — | View 990 |
| 2011 | $13.8M | $11.8M | $25.2M | $287K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.6M, expenses of $19.9M, and assets of $16.9M (revenue +23.1% year-over-year).
- 2022: Revenue of $16.7M, expenses of $17.7M, and assets of $16.4M (revenue +3.0% year-over-year).
- 2021: Revenue of $16.2M, expenses of $16.4M, and assets of $17.7M (revenue -7.3% year-over-year).
- 2020: Revenue of $17.5M, expenses of $18.8M, and assets of $17.7M (revenue -11.9% year-over-year).
- 2019: Revenue of $19.9M, expenses of $19.8M, and assets of $18.7M (revenue +49.3% year-over-year).
- 2018: Revenue of $13.3M, expenses of $16.5M, and assets of $17.4M (revenue +21.8% year-over-year).
- 2016: Revenue of $10.9M, expenses of $15.1M, and assets of $15.1M (revenue -15.5% year-over-year).
- 2014: Revenue of $12.9M, expenses of $13.8M, and assets of $20.8M (revenue +11.7% year-over-year).
- 2013: Revenue of $11.6M, expenses of $15.2M, and assets of $21.6M (revenue -19.8% year-over-year).
- 2012: Revenue of $14.4M, expenses of $14.3M, and assets of $25.2M (revenue +4.9% year-over-year).
- 2011: Revenue of $13.8M, expenses of $11.8M, and assets of $25.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Plumbers And Steamfitters Local No 21 Health And Welfare Fund:
Data Sources and Methodology
This transparency report for Plumbers And Steamfitters Local No 21 Health And 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.