Roofers Local 74203 Welfare Fund

Roofers Local 74203 Welfare Fund consistently operates with zero officer compensation and stable finances.

EIN: 160836163 · West Seneca, NY · Updated: 2026-03-28

$8.8MRevenue

$8.3MAssets

95/100Mission Score (Excellent)

Is Roofers Local 74203 Welfare Fund Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Roofers Local 74203 Welfare Fund directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Roofers Local 74203 Welfare Fund

Roofers Local 74203 Welfare Fund (EIN: 160836163) is a nonprofit organization based in West Seneca, NY. The organization reported total revenue of $8.8M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Roofers Local 74203 Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Roofers Local 74203 Welfare Fund appears to be a well-managed organization with a consistent financial history, primarily focused on its program services. Over the past decade, its revenue and expenses have remained relatively stable, with the latest filing (202306) showing revenue of $3,884,084 and expenses of $3,244,689, indicating a surplus for the period. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient spending and a commitment to directing funds towards its mission rather than executive salaries. While the NTEE code is unknown, the nature of a 'Welfare Fund' suggests its primary activities are direct benefits or services to its members.

Spending efficiency is high, given the zero officer compensation and the implied direct benefit structure. The consistent reporting of liabilities, which are generally low relative to assets, suggests sound financial management. For instance, in 202306, liabilities were only $6,227 against assets of $7,859,964. The organization's assets have fluctuated but remained substantial, providing a solid financial base. The absence of reported officer compensation also contributes significantly to its transparency and accountability profile.

Overall, the financial data suggests a stable and efficient operation. The consistent filings over 12 periods demonstrate a commitment to regulatory compliance and transparency. The lack of officer compensation is a significant positive, indicating that the organization's resources are being directly applied to its stated purpose, which is likely member welfare given its name.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Roofers Local 74203 Welfare Fund with a Mission Score of 95 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: 0%
programs: 100%
fundraising: 0%

According to IRS 990 filings, Roofers Local 74203 Welfare Fund allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of its size with assets exceeding $7 million.

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 Roofers Local 74203 Welfare Fund's IRS 990 filings:

NTEE Code is unknown, making it difficult to benchmark against similar organizations.

Strengths

The following positive indicators were identified for Roofers Local 74203 Welfare Fund:

Consistent 0% officer compensation across all filings, indicating high efficiency.
Strong program spending, as implied by the lack of administrative or fundraising compensation.
Low liabilities relative to assets, demonstrating strong financial health and solvency.
Consistent filing history over 12 periods, indicating good governance and transparency.
Positive net income in the latest filing (202306), with revenue of $3,884,084 exceeding expenses of $3,244,689.

Frequently Asked Questions about Roofers Local 74203 Welfare Fund

Is Roofers Local 74203 Welfare Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Roofers Local 74203 Welfare Fund (EIN: 160836163) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

How does Roofers Local 74203 Welfare Fund spend its money?

Roofers Local 74203 Welfare Fund directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Roofers Local 74203 Welfare Fund tax-deductible?

Roofers Local 74203 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 160836163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Roofers Local 74203 Welfare Fund a good charity?

Based on the available IRS 990 data, the organization demonstrates strong financial health, exceptional spending efficiency (0% officer compensation), and consistent regulatory compliance, suggesting it is a well-managed entity focused on its mission.

How does the organization manage its executive compensation?

The organization consistently reports 0% officer compensation, meaning no salaries are paid to its officers, which is a significant indicator of efficient resource allocation.

What is the trend in the organization's assets and liabilities?

Assets have fluctuated over the decade, ranging from a high of $10,917,855 in 201506 to $7,859,964 in 202306, while liabilities have remained consistently low, indicating strong financial solvency.

Does the organization have a stable financial history?

Yes, with 12 filings showing consistent revenue and expense patterns, and generally stable asset levels, the organization demonstrates a stable financial history.

Filing History

IRS 990 filing history for Roofers Local 74203 Welfare Fund showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Roofers Local 74203 Welfare Fund's revenue has grown by 27.3%, moving from $3.1M to $3.9M. Total assets decreased by 21.8% over the same period, from $10.0M to $7.9M. Total functional expenses rose by 28.4%, from $2.5M to $3.2M. In its most recent filing year (2023), Roofers Local 74203 Welfare Fund reported a surplus of $639K, with revenue exceeding expenses. The organization holds $6K in liabilities against $7.9M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $7.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.9M	$3.2M	$7.9M	$6K	—	View 990
2022	$3.6M	$3.9M	$7.1M	$28K	—	View 990
2021	$4.2M	$4.9M	$8.9M	$65K	—	—
2020	$3.7M	$4.3M	$8.8M	$28K	—	—
2019	$3.7M	$3.8M	$9.5M	$68K	—	View 990
2018	$4.0M	$4.6M	$9.5M	$21K	—	View 990
2017	$3.6M	$4.1M	$10.2M	$92K	—	View 990
2016	$3.4M	$3.5M	$10.3M	$60K	—	View 990
2015	$3.7M	$2.7M	$10.9M	$539K	—	View 990
2014	$3.3M	$3.0M	$10.8M	$581K	—	View 990
2013	$3.0M	$2.7M	$9.8M	$289K	—	View 990
2012	$3.1M	$2.5M	$10.0M	$123K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.9M, expenses of $3.2M, and assets of $7.9M (revenue +8.5% year-over-year).
2022: Revenue of $3.6M, expenses of $3.9M, and assets of $7.1M (revenue -15.2% year-over-year).
2021: Revenue of $4.2M, expenses of $4.9M, and assets of $8.9M (revenue +14.5% year-over-year).
2020: Revenue of $3.7M, expenses of $4.3M, and assets of $8.8M (revenue +0.1% year-over-year).
2019: Revenue of $3.7M, expenses of $3.8M, and assets of $9.5M (revenue -7.2% year-over-year).
2018: Revenue of $4.0M, expenses of $4.6M, and assets of $9.5M (revenue +9.6% year-over-year).
2017: Revenue of $3.6M, expenses of $4.1M, and assets of $10.2M (revenue +5.2% year-over-year).
2016: Revenue of $3.4M, expenses of $3.5M, and assets of $10.3M (revenue -6.2% year-over-year).
2015: Revenue of $3.7M, expenses of $2.7M, and assets of $10.9M (revenue +9.4% year-over-year).
2014: Revenue of $3.3M, expenses of $3.0M, and assets of $10.8M (revenue +10.5% year-over-year).
2013: Revenue of $3.0M, expenses of $2.7M, and assets of $9.8M (revenue -0.7% year-over-year).
2012: Revenue of $3.1M, expenses of $2.5M, and assets of $10.0M.

Data Sources and Methodology

This transparency report for Roofers Local 74203 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.