Private Sanitation Union 813 Insurance Trust Fund

Private Sanitation Union 813 Insurance Trust Fund consistently manages substantial assets and disburses benefits with no reported officer compensation.

EIN: 135603868 · Long Island City, NY · Updated: 2026-03-28

$33.1MRevenue

$60.2MAssets

90/100Mission Score (Excellent)

About Private Sanitation Union 813 Insurance Trust Fund

Private Sanitation Union 813 Insurance Trust Fund (EIN: 135603868) is a nonprofit organization based in Long Island City, NY. The organization reported total revenue of $33.1M and total assets of $60.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Private Sanitation Union 813 Insurance Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Private Sanitation Union 813 Insurance Trust Fund demonstrates consistent financial activity, primarily focused on providing benefits to its members. Over the past decade, the organization has maintained a stable revenue stream, averaging around $27 million annually, with corresponding expenses. For instance, in 2023, revenue was $28,621,932 against expenses of $27,827,732, indicating a close alignment between income and outgo. The organization's assets have shown growth, increasing from $36,649,000 in 2014 to $59,657,048 in 2023, suggesting sound financial management and accumulation of reserves. Liabilities have remained manageable relative to assets, typically ranging between $7-9 million.

Spending efficiency appears to be high, as the primary function of an insurance trust fund is to disburse benefits, which are categorized as program service expenses. The consistent expenditure levels relative to revenue suggest that funds are being utilized for their intended purpose. The absence of reported officer compensation across all available filings indicates a lean administrative structure at the executive level, which is a positive sign for efficiency and ensuring funds are directed towards beneficiaries. 

Transparency is generally good, with 14 filings available, demonstrating a regular reporting history. The consistent reporting of zero officer compensation is a key transparency indicator. While a detailed breakdown of administrative and fundraising costs isn't explicitly provided in the summary data, the nature of an insurance trust fund typically implies that the vast majority of expenses are directly related to program services (i.e., benefits paid).

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Private Sanitation Union 813 Insurance Trust Fund 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, Private Sanitation Union 813 Insurance Trust Fund 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an entity managing over $59 million in assets and $28 million in annual revenue.

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 Private Sanitation Union 813 Insurance Trust Fund's IRS 990 filings:

Significant expense exceeding revenue in 2022 ($34,952,146 expenses vs. $26,322,883 revenue) warrants further investigation into the cause.

Strengths

The following positive indicators were identified for Private Sanitation Union 813 Insurance Trust Fund:

Consistent financial operations with stable revenue and expense patterns over a decade.
Strong asset growth from $36.6 million in 2014 to $59.6 million in 2023.
No reported officer compensation across all filings, indicating high efficiency at the executive level.
Liabilities are well-managed and significantly lower than assets, demonstrating financial stability.
High program focus, as an insurance trust fund's primary expenses are direct benefits to members.

Frequently Asked Questions about Private Sanitation Union 813 Insurance Trust Fund

Is the Private Sanitation Union 813 Insurance Trust Fund a good charity?

Based on the available data, the organization appears to be a well-managed insurance trust fund, not a traditional public charity. Its primary purpose is to provide benefits to its members, and it demonstrates strong financial health, consistent operations, and no reported officer compensation, suggesting efficient use of funds for its intended beneficiaries.

How does the organization's asset growth compare to its liabilities?

The organization's assets have grown significantly from $36,649,000 in 2014 to $59,657,048 in 2023, while liabilities have remained relatively stable, ranging from $6.8 million to $9.8 million. This indicates a healthy financial position with growing reserves relative to obligations.

What caused the significant expense increase in 2022?

In 2022, expenses rose to $34,952,146, significantly higher than the $26,322,883 in revenue for that year and higher than previous years' expenses. This could indicate a year with higher benefit payouts or other significant one-time expenditures, leading to a temporary deficit for that period.

Filing History

IRS 990 filing history for Private Sanitation Union 813 Insurance Trust Fund showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Private Sanitation Union 813 Insurance Trust Fund's revenue has grown by 24.2%, moving from $23.0M to $28.6M. Total assets increased by 125.9% over the same period, from $26.4M to $59.7M. Total functional expenses rose by 24.5%, from $22.4M to $27.8M. In its most recent filing year (2023), Private Sanitation Union 813 Insurance Trust Fund reported a surplus of $794K, with revenue exceeding expenses. The organization holds $9.3M in liabilities against $59.7M in assets (debt-to-asset ratio: 15.6%), resulting in net assets of $50.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$28.6M	$27.8M	$59.7M	$9.3M	—	—
2022	$26.3M	$35.0M	$56.5M	$9.8M	—	—
2021	$29.3M	$25.6M	$74.7M	$9.4M	—	View 990
2020	$26.3M	$23.8M	$67.2M	$8.7M	—	—
2019	$28.9M	$23.2M	$57.9M	$6.8M	—	View 990
2018	$28.4M	$23.3M	$47.5M	$7.2M	—	View 990
2017	$26.1M	$21.1M	$46.0M	$8.0M	—	View 990
2016	$26.2M	$25.9M	$39.4M	$8.0M	—	View 990
2015	$26.1M	$24.4M	$37.6M	$8.4M	—	View 990
2014	$25.5M	$24.3M	$36.6M	$7.9M	—	View 990
2013	$22.7M	$26.7M	$23.7M	$6.0M	—	View 990
2012	$21.9M	$22.6M	$30.0M	$9.2M	—	View 990
2011	$22.7M	$22.1M	$30.1M	$9.8M	—	View 990
2010	$23.0M	$22.4M	$26.4M	$7.0M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $28.6M, expenses of $27.8M, and assets of $59.7M (revenue +8.7% year-over-year).
2022: Revenue of $26.3M, expenses of $35.0M, and assets of $56.5M (revenue -10.2% year-over-year).
2021: Revenue of $29.3M, expenses of $25.6M, and assets of $74.7M (revenue +11.6% year-over-year).
2020: Revenue of $26.3M, expenses of $23.8M, and assets of $67.2M (revenue -9.2% year-over-year).
2019: Revenue of $28.9M, expenses of $23.2M, and assets of $57.9M (revenue +1.7% year-over-year).
2018: Revenue of $28.4M, expenses of $23.3M, and assets of $47.5M (revenue +8.8% year-over-year).
2017: Revenue of $26.1M, expenses of $21.1M, and assets of $46.0M (revenue -0.2% year-over-year).
2016: Revenue of $26.2M, expenses of $25.9M, and assets of $39.4M (revenue +0.3% year-over-year).
2015: Revenue of $26.1M, expenses of $24.4M, and assets of $37.6M (revenue +2.3% year-over-year).
2014: Revenue of $25.5M, expenses of $24.3M, and assets of $36.6M (revenue +12.5% year-over-year).
2013: Revenue of $22.7M, expenses of $26.7M, and assets of $23.7M (revenue +3.6% year-over-year).
2012: Revenue of $21.9M, expenses of $22.6M, and assets of $30.0M (revenue -3.4% year-over-year).
2011: Revenue of $22.7M, expenses of $22.1M, and assets of $30.1M (revenue -1.6% year-over-year).
2010: Revenue of $23.0M, expenses of $22.4M, and assets of $26.4M.

Data Sources and Methodology

This transparency report for Private Sanitation Union 813 Insurance Trust 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.