Rochester Laborers Welfare Sub Fund
Rochester Laborers Welfare Sub Fund maintains stable finances with consistent revenue and zero officer compensation.
EIN: 160821557 · Rochester, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.8M |
| Total Expenses | $10.7M |
| Program Spending | 90% |
| Net Assets | $21.6M |
| Transparency Score | 85/100 |
Is Rochester Laborers Welfare Sub Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rochester Laborers Welfare Sub Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rochester Laborers Welfare Sub Fund
Rochester Laborers Welfare Sub Fund (EIN: 160821557) is a nonprofit organization based in Rochester, NY. The organization reported total revenue of $17.8M and total assets of $23.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rochester Laborers Welfare Sub Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rochester Laborers Welfare Sub Fund is a large nonprofit that has been operating for 67 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.6M |
| Total Expenses | $10.7M |
| Surplus / Deficit | $-95,197 |
| Total Assets | $22.3M |
| Total Liabilities | $670K |
| Net Assets | $21.6M |
| Operating Margin | -0.9% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 24.9 months |
Financial Health Grade: B
In 2023, Rochester Laborers Welfare Sub Fund reported a deficit of $95K with expenses exceeding revenue, holds 24.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Rochester Laborers Welfare Sub Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.2% | +8.2% | +5.8% |
| 2022 | -0.1% | -6.3% | -11.0% |
| 2021 | -3.8% | +6.9% | -1.2% |
| 2020 | -4.8% | +14.0% | +3.4% |
| 2019 | +28.1% | -8.6% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1959 |
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 Rochester Laborers Welfare Sub Fund with a Mission Score of 85 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: 90%
- fundraising: 5%
According to IRS 990 filings, Rochester Laborers Welfare Sub Fund allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 deficit of $95K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and suggests a volunteer-led or externally managed structure for leadership.
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 Rochester Laborers Welfare Sub Fund's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to assess its specific programmatic focus and compare it to peer organizations.
- Consistent slight operational deficits in recent years (e.g., 202312, 202212, 202112) suggest expenses are sometimes exceeding revenues, though assets provide a strong buffer.
Strengths
The following positive indicators were identified for Rochester Laborers Welfare Sub Fund:
- Strong asset base ($22,285,046 in 202312) relative to liabilities ($669,537), indicating excellent financial solvency.
- Consistent reporting of 0% officer compensation, demonstrating a commitment to minimizing administrative overhead related to executive pay.
- Stable revenue streams, generally in the $8-10 million range, indicating consistent financial support or operational income.
- Low liabilities relative to assets, suggesting prudent financial management and minimal debt burden.
Frequently Asked Questions about Rochester Laborers Welfare Sub Fund
Is Rochester Laborers Welfare Sub Fund a legitimate charity?
Rochester Laborers Welfare Sub Fund (EIN: 160821557) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $17.8M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Rochester Laborers Welfare Sub Fund spend its money?
Rochester Laborers Welfare Sub Fund directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Rochester Laborers Welfare Sub Fund tax-deductible?
Rochester Laborers Welfare Sub Fund is registered as a tax-exempt nonprofit (EIN: 160821557). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rochester Laborers Welfare Sub Fund's spending goes to programs?
Rochester Laborers Welfare Sub Fund directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Rochester Laborers Welfare Sub Fund located?
Rochester Laborers Welfare Sub Fund is headquartered in Rochester, New York and files with the IRS under EIN 160821557.
How many years of IRS 990 filings does Rochester Laborers Welfare Sub Fund have?
Rochester Laborers Welfare Sub Fund has 14 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 $17.8M in total revenue.
Is Rochester Laborers Welfare Sub Fund financially stable?
Yes, the organization appears financially stable. With assets of $22,285,046 in the latest filing (202312) significantly outweighing liabilities of $669,537, it possesses a strong balance sheet.
How does Rochester Laborers Welfare Sub Fund manage executive compensation?
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, directors, trustees, or key employees.
What is the trend in Rochester Laborers Welfare Sub Fund's revenue and expenses?
Revenue and expenses have generally fluctuated between $8 million and $10 million annually over the past decade, with the latest period (202312) showing revenues of $10,639,534 and expenses of $10,734,731.
Filing History
IRS 990 filing history for Rochester Laborers Welfare Sub Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Rochester Laborers Welfare Sub Fund's revenue has grown by 64.4%, moving from $6.5M to $10.6M. Total assets decreased by 2.8% over the same period, from $22.9M to $22.3M. Total functional expenses rose by 57.6%, from $6.8M to $10.7M. In its most recent filing year (2023), Rochester Laborers Welfare Sub Fund reported a deficit of $95K, with expenses exceeding revenue. The organization holds $670K in liabilities against $22.3M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $21.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.6M | $10.7M | $22.3M | $670K | — | — |
| 2022 | $9.7M | $9.9M | $21.1M | $452K | — | — |
| 2021 | $9.7M | $10.6M | $23.7M | $281K | — | View 990 |
| 2020 | $10.1M | $9.9M | $24.0M | $153K | — | — |
| 2019 | $10.6M | $8.7M | $23.2M | $763K | — | View 990 |
| 2018 | $8.3M | $9.5M | $20.1M | $58K | — | View 990 |
| 2017 | $9.2M | $8.5M | $22.1M | $153K | — | View 990 |
| 2016 | $7.3M | $5.9M | $21.0M | $129K | — | View 990 |
| 2016 | $8.1M | $8.9M | $19.5M | $81K | — | View 990 |
| 2015 | $8.5M | $8.2M | $20.7M | $77K | — | View 990 |
| 2014 | $8.2M | $8.1M | $21.4M | $126K | — | View 990 |
| 2013 | $7.4M | $8.4M | $21.4M | $146K | — | View 990 |
| 2012 | $7.3M | $7.9M | $22.3M | $120K | — | View 990 |
| 2011 | $6.5M | $6.8M | $22.9M | $116K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.6M, expenses of $10.7M, and assets of $22.3M (revenue +9.2% year-over-year).
- 2022: Revenue of $9.7M, expenses of $9.9M, and assets of $21.1M (revenue -0.1% year-over-year).
- 2021: Revenue of $9.7M, expenses of $10.6M, and assets of $23.7M (revenue -3.8% year-over-year).
- 2020: Revenue of $10.1M, expenses of $9.9M, and assets of $24.0M (revenue -4.8% year-over-year).
- 2019: Revenue of $10.6M, expenses of $8.7M, and assets of $23.2M (revenue +28.1% year-over-year).
- 2018: Revenue of $8.3M, expenses of $9.5M, and assets of $20.1M (revenue -10.1% year-over-year).
- 2017: Revenue of $9.2M, expenses of $8.5M, and assets of $22.1M (revenue +26.6% year-over-year).
- 2016: Revenue of $7.3M, expenses of $5.9M, and assets of $21.0M (revenue -9.8% year-over-year).
- 2016: Revenue of $8.1M, expenses of $8.9M, and assets of $19.5M (revenue -4.4% year-over-year).
- 2015: Revenue of $8.5M, expenses of $8.2M, and assets of $20.7M (revenue +3.2% year-over-year).
- 2014: Revenue of $8.2M, expenses of $8.1M, and assets of $21.4M (revenue +10.4% year-over-year).
- 2013: Revenue of $7.4M, expenses of $8.4M, and assets of $21.4M (revenue +2.2% year-over-year).
- 2012: Revenue of $7.3M, expenses of $7.9M, and assets of $22.3M (revenue +12.4% year-over-year).
- 2011: Revenue of $6.5M, expenses of $6.8M, and assets of $22.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rochester Laborers Welfare Sub Fund:
Data Sources and Methodology
This transparency report for Rochester Laborers Welfare Sub 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.