Plumbers Local Union No 200 Welfare Fund Tr
Plumbers Local Union No 200 Welfare Fund Tr shows consistent revenue and asset growth with no reported officer compensation.
EIN: 113124836 · Ronkonkoma, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.5M |
| Total Expenses | $12.1M |
| Program Spending | 90% |
| Net Assets | $46.6M |
| Transparency Score | 90/100 |
Is Plumbers Local Union No 200 Welfare Fund Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plumbers Local Union No 200 Welfare Fund Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plumbers Local Union No 200 Welfare Fund Tr
Plumbers Local Union No 200 Welfare Fund Tr (EIN: 113124836) is a nonprofit organization based in Ronkonkoma, NY. The organization reported total revenue of $28.5M and total assets of $57.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plumbers Local Union No 200 Welfare Fund Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plumbers Local Union No 200 Welfare Fund Tr is a large nonprofit that has been operating for 33 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.3M |
| Total Expenses | $12.1M |
| Surplus / Deficit | +$8.2M |
| Total Assets | $48.1M |
| Total Liabilities | $1.5M |
| Net Assets | $46.6M |
| Operating Margin | 40.2% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 47.5 months |
Financial Health Grade: A
In 2023, Plumbers Local Union No 200 Welfare Fund Tr reported a surplus of $8.2M with revenue exceeding expenses, holds 47.5 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Plumbers Local Union No 200 Welfare Fund Tr's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.6% | +6.1% | +21.2% |
| 2022 | +5.3% | +1.4% | +14.9% |
| 2021 | +8.1% | -3.4% | +29.7% |
| 2020 | +16.0% | +8.5% | +33.6% |
| 2019 | +13.4% | +19.0% | +30.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Local Union No 200 Welfare Fund Tr 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Plumbers Local Union No 200 Welfare Fund Tr allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $8.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of this size and suggests a volunteer leadership structure or that compensation is covered by a related entity.
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 Local Union No 200 Welfare Fund Tr's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided summary data makes full spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Plumbers Local Union No 200 Welfare Fund Tr:
- Consistent and strong revenue growth, from $8.1M in 2014 to $20.3M in 2023.
- Significant and consistent asset growth, from $9.7M in 2014 to $48.1M in 2023.
- Zero reported officer compensation across all filings, indicating strong financial stewardship.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Plumbers Local Union No 200 Welfare Fund Tr
Is Plumbers Local Union No 200 Welfare Fund Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Plumbers Local Union No 200 Welfare Fund Tr (EIN: 113124836) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Plumbers Local Union No 200 Welfare Fund Tr spend its money?
Plumbers Local Union No 200 Welfare Fund Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Plumbers Local Union No 200 Welfare Fund Tr tax-deductible?
Plumbers Local Union No 200 Welfare Fund Tr is registered as a tax-exempt nonprofit (EIN: 113124836). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Plumbers Local Union No 200 Welfare Fund Tr's spending goes to programs?
Plumbers Local Union No 200 Welfare Fund Tr directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Plumbers Local Union No 200 Welfare Fund Tr located?
Plumbers Local Union No 200 Welfare Fund Tr is headquartered in Ronkonkoma, New York and files with the IRS under EIN 113124836.
How many years of IRS 990 filings does Plumbers Local Union No 200 Welfare Fund Tr have?
Plumbers Local Union No 200 Welfare Fund Tr has 12 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 $28.5M in total revenue.
Is Plumbers Local Union No 200 Welfare Fund Tr financially stable?
Yes, the organization appears very financially stable, with consistent revenue growth from $8.1M in 2014 to $20.3M in 2023, and assets growing from $9.7M to $48.1M over the same period. Liabilities are also consistently low relative to assets.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, meaning no salaries or benefits are paid to its officers directly from this entity.
What is the trend in the organization's assets?
Assets have shown strong and consistent growth, increasing from $9,769,532 in 2014 to $48,106,081 in 2023, indicating effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for Plumbers Local Union No 200 Welfare Fund Tr showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Plumbers Local Union No 200 Welfare Fund Tr's revenue has grown by 219%, moving from $6.4M to $20.3M. Total assets increased by 403.7% over the same period, from $9.6M to $48.1M. Total functional expenses rose by 32.3%, from $9.2M to $12.1M. In its most recent filing year (2023), Plumbers Local Union No 200 Welfare Fund Tr reported a surplus of $8.2M, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $48.1M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $46.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.3M | $12.1M | $48.1M | $1.5M | — | View 990 |
| 2022 | $19.8M | $11.5M | $39.7M | $2.1M | — | View 990 |
| 2021 | $18.8M | $11.3M | $34.5M | $2.0M | — | View 990 |
| 2020 | $17.4M | $11.7M | $26.6M | $2.4M | — | — |
| 2019 | $15.0M | $10.8M | $19.9M | $1.8M | — | View 990 |
| 2018 | $13.2M | $9.1M | $15.2M | $1.7M | — | View 990 |
| 2017 | $10.8M | $10.8M | $10.5M | $1.1M | — | View 990 |
| 2016 | $10.2M | $8.9M | $9.3M | $106K | — | View 990 |
| 2015 | $8.7M | $10.1M | $8.1M | $201K | — | View 990 |
| 2014 | $8.2M | $7.1M | $9.8M | $320K | — | View 990 |
| 2013 | $6.8M | $7.8M | $8.6M | $312K | — | View 990 |
| 2012 | $6.4M | $9.2M | $9.6M | $282K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.3M, expenses of $12.1M, and assets of $48.1M (revenue +2.6% year-over-year).
- 2022: Revenue of $19.8M, expenses of $11.5M, and assets of $39.7M (revenue +5.3% year-over-year).
- 2021: Revenue of $18.8M, expenses of $11.3M, and assets of $34.5M (revenue +8.1% year-over-year).
- 2020: Revenue of $17.4M, expenses of $11.7M, and assets of $26.6M (revenue +16.0% year-over-year).
- 2019: Revenue of $15.0M, expenses of $10.8M, and assets of $19.9M (revenue +13.4% year-over-year).
- 2018: Revenue of $13.2M, expenses of $9.1M, and assets of $15.2M (revenue +22.7% year-over-year).
- 2017: Revenue of $10.8M, expenses of $10.8M, and assets of $10.5M (revenue +5.3% year-over-year).
- 2016: Revenue of $10.2M, expenses of $8.9M, and assets of $9.3M (revenue +17.9% year-over-year).
- 2015: Revenue of $8.7M, expenses of $10.1M, and assets of $8.1M (revenue +6.4% year-over-year).
- 2014: Revenue of $8.2M, expenses of $7.1M, and assets of $9.8M (revenue +19.4% year-over-year).
- 2013: Revenue of $6.8M, expenses of $7.8M, and assets of $8.6M (revenue +7.4% year-over-year).
- 2012: Revenue of $6.4M, expenses of $9.2M, and assets of $9.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Plumbers Local Union No 200 Welfare Fund Tr:
Data Sources and Methodology
This transparency report for Plumbers Local Union No 200 Welfare Fund Tr 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.