Road Carriers Local 707 Welfare Trust Fund
Road Carriers Local 707 Welfare Trust Fund maintains consistent revenue and expense levels with growing assets and no reported officer compensation.
EIN: 112159859 · Hempstead, NY · Updated: 2026-03-28
Is Road Carriers Local 707 Welfare Trust Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Road Carriers Local 707 Welfare Trust Fund directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Road Carriers Local 707 Welfare Trust Fund
Road Carriers Local 707 Welfare Trust Fund (EIN: 112159859) is a nonprofit organization based in Hempstead, NY. The organization reported total revenue of $13.5M and total assets of $30.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Road Carriers Local 707 Welfare Trust 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 Road Carriers Local 707 Welfare Trust Fund with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Road Carriers Local 707 Welfare Trust Fund allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, directors, or trustees, which is highly favorable for transparency and resource allocation.
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 Road Carriers Local 707 Welfare Trust Fund's IRS 990 filings:
- NTEE Code is unknown, making it difficult to benchmark against similar organizations.
- Detailed expense breakdown (program vs. admin vs. fundraising) is not provided in the summary data, limiting full efficiency assessment.
Strengths
The following positive indicators were identified for Road Carriers Local 707 Welfare Trust Fund:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship regarding executive pay.
- Significant and consistent growth in assets, from $13.09 million in 2016 to $30.14 million currently, demonstrating financial stability.
- Liabilities are consistently low relative to assets, indicating a healthy balance sheet.
- Consistent filing history with 13 filings, showing good compliance with IRS reporting requirements.
Frequently Asked Questions about Road Carriers Local 707 Welfare Trust Fund
Is Road Carriers Local 707 Welfare Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Road Carriers Local 707 Welfare Trust Fund (EIN: 112159859) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Road Carriers Local 707 Welfare Trust Fund spend its money?
Road Carriers Local 707 Welfare Trust Fund directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Road Carriers Local 707 Welfare Trust Fund tax-deductible?
Road Carriers Local 707 Welfare Trust Fund is registered as a tax-exempt nonprofit (EIN: 112159859). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What specific welfare benefits does the Road Carriers Local 707 Welfare Trust Fund provide?
The IRS 990 data indicates the organization is a welfare trust fund, but specific details on the types of benefits (e.g., health, pension, disability) are not available in the provided summary. Further investigation into their full 990 forms or public disclosures would be necessary.
How does the organization manage its significant assets of over $30 million?
The provided data shows consistent growth in assets, from $13.09 million in 2016 to $27.70 million in 2023, and currently $30.14 million. This suggests effective investment or accumulation of reserves, but the specific investment strategies or asset allocation are not detailed in this summary.
What is the primary reason for the fluctuation in annual revenue and expenses?
Revenue and expenses fluctuate annually, for example, revenue was $21.65 million in 2022 and $19.86 million in 2023, while expenses were $19.76 million and $19.08 million respectively. These fluctuations could be due to varying investment returns, changes in contributions, or shifts in benefit payouts, which are common for welfare trust funds.
Filing History
IRS 990 filing history for Road Carriers Local 707 Welfare Trust Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Road Carriers Local 707 Welfare Trust Fund's revenue has grown by 16.1%, moving from $17.1M to $19.9M. Total assets increased by 293.1% over the same period, from $7.0M to $27.7M. Total functional expenses rose by 16.8%, from $16.3M to $19.1M. In its most recent filing year (2023), Road Carriers Local 707 Welfare Trust Fund reported a surplus of $783K, with revenue exceeding expenses. The organization holds $189K in liabilities against $27.7M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $27.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $19.9M | $19.1M | $27.7M | $189K | — | View 990 |
| 2022 | $21.6M | $19.8M | $26.1M | $191K | — | View 990 |
| 2021 | $21.1M | $19.0M | $26.8M | $170K | — | — |
| 2020 | $21.2M | $23.0M | $21.8M | $149K | — | — |
| 2019 | $20.1M | $16.4M | $22.3M | $137K | — | View 990 |
| 2018 | $18.0M | $15.1M | $18.7M | $147K | — | View 990 |
| 2017 | $17.3M | $16.1M | $14.8M | $94K | — | View 990 |
| 2016 | $17.4M | $16.1M | $13.1M | $77K | — | View 990 |
| 2015 | $17.8M | $18.6M | $11.6M | $171K | — | View 990 |
| 2014 | $17.3M | $14.9M | $13.1M | $146K | — | View 990 |
| 2013 | $17.4M | $15.7M | $10.3M | $110K | — | View 990 |
| 2012 | $17.4M | $15.9M | $8.6M | $105K | — | View 990 |
| 2011 | $17.1M | $16.3M | $7.0M | $209K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.9M, expenses of $19.1M, and assets of $27.7M (revenue -8.2% year-over-year).
- 2022: Revenue of $21.6M, expenses of $19.8M, and assets of $26.1M (revenue +2.7% year-over-year).
- 2021: Revenue of $21.1M, expenses of $19.0M, and assets of $26.8M (revenue -0.8% year-over-year).
- 2020: Revenue of $21.2M, expenses of $23.0M, and assets of $21.8M (revenue +5.7% year-over-year).
- 2019: Revenue of $20.1M, expenses of $16.4M, and assets of $22.3M (revenue +11.4% year-over-year).
- 2018: Revenue of $18.0M, expenses of $15.1M, and assets of $18.7M (revenue +4.5% year-over-year).
- 2017: Revenue of $17.3M, expenses of $16.1M, and assets of $14.8M (revenue -1.0% year-over-year).
- 2016: Revenue of $17.4M, expenses of $16.1M, and assets of $13.1M (revenue -1.7% year-over-year).
- 2015: Revenue of $17.8M, expenses of $18.6M, and assets of $11.6M (revenue +2.5% year-over-year).
- 2014: Revenue of $17.3M, expenses of $14.9M, and assets of $13.1M (revenue -0.6% year-over-year).
- 2013: Revenue of $17.4M, expenses of $15.7M, and assets of $10.3M (revenue +0.1% year-over-year).
- 2012: Revenue of $17.4M, expenses of $15.9M, and assets of $8.6M (revenue +1.7% year-over-year).
- 2011: Revenue of $17.1M, expenses of $16.3M, and assets of $7.0M.
Data Sources and Methodology
This transparency report for Road Carriers Local 707 Welfare 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.