Seiu Local 105 Health And Welfare Trust Fund
EIN: 271372825 · Seattle, WA · NTEE: Y43
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $5.3M |
| Net Assets | $493K |
Is Seiu Local 105 Health And Welfare Trust Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Seiu Local 105 Health And Welfare Trust Fund
Seiu Local 105 Health And Welfare Trust Fund (EIN: 271372825) is a nonprofit organization based in Seattle, WA, classified under NTEE code Y43. The organization reported total revenue of $5.3M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seiu Local 105 Health And Welfare Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seiu Local 105 Health And Welfare Trust Fund is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-378,822 |
| Total Assets | $919K |
| Total Liabilities | $427K |
| Net Assets | $493K |
| Operating Margin | -7.7% |
| Debt-to-Asset Ratio | 46.4% |
| Months of Reserves | 2.1 months |
Financial Health Grade: C
In 2023, Seiu Local 105 Health And Welfare Trust Fund reported a deficit of $379K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 46.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Seiu Local 105 Health And Welfare Trust Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.3% | -7.2% | -27.8% |
| 2022 | -5.7% | -0.6% | -42.8% |
| 2021 | +3.4% | +7.3% | -21.8% |
| 2020 | +2.3% | +10.2% | -9.6% |
| 2019 | +7.8% | +14.9% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Seiu Local 105 Health And Welfare Trust Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Seiu Local 105 Health And Welfare Trust Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $379K, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.4%.
Frequently Asked Questions about Seiu Local 105 Health And Welfare Trust Fund
Is Seiu Local 105 Health And Welfare Trust Fund a legitimate charity?
Seiu Local 105 Health And Welfare Trust Fund (EIN: 271372825) is a registered tax-exempt nonprofit based in Washington. It has 13 years of IRS 990 filings on record. Total revenue: $5.3M. No red flags identified. Financial health grade: C.
How does Seiu Local 105 Health And Welfare Trust Fund spend its money?
Seiu Local 105 Health And Welfare Trust Fund reported $5.3M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Seiu Local 105 Health And Welfare Trust Fund tax-deductible?
Seiu Local 105 Health And Welfare Trust Fund is registered as a tax-exempt nonprofit (EIN: 271372825). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Seiu Local 105 Health And Welfare Trust Fund located?
Seiu Local 105 Health And Welfare Trust Fund is headquartered in Seattle, Washington and files with the IRS under EIN 271372825. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Seiu Local 105 Health And Welfare Trust Fund have?
Seiu Local 105 Health And Welfare Trust Fund has 13 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 $5.3M in total revenue.
Filing History
IRS 990 filing history for Seiu Local 105 Health And Welfare Trust Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Seiu Local 105 Health And Welfare Trust Fund's revenue has grown by 73.6%, moving from $2.8M to $4.9M. Total assets decreased by 33.5% over the same period, from $1.4M to $919K. Total functional expenses rose by 78%, from $3.0M to $5.3M. In its most recent filing year (2023), Seiu Local 105 Health And Welfare Trust Fund reported a deficit of $379K, with expenses exceeding revenue. The organization holds $427K in liabilities against $919K in assets (debt-to-asset ratio: 46.4%), resulting in net assets of $493K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $5.3M | $919K | $427K | — | — |
| 2022 | $4.9M | $5.7M | $1.3M | $450K | — | View 990 |
| 2021 | $5.2M | $5.8M | $2.2M | $465K | — | View 990 |
| 2020 | $5.0M | $5.4M | $2.8M | $465K | — | — |
| 2019 | $4.9M | $4.9M | $3.1M | $417K | — | View 990 |
| 2018 | $4.5M | $4.3M | $3.1M | $394K | — | View 990 |
| 2017 | $4.2M | $3.8M | $2.7M | $303K | — | View 990 |
| 2016 | $3.9M | $3.6M | $2.3M | $311K | — | View 990 |
| 2015 | $3.5M | $3.4M | $2.0M | $265K | — | View 990 |
| 2014 | $3.4M | $3.1M | $1.9M | $293K | — | View 990 |
| 2013 | $3.3M | $3.1M | $1.6M | $256K | — | View 990 |
| 2012 | $2.9M | $2.9M | $1.4M | $248K | — | View 990 |
| 2011 | $2.8M | $3.0M | $1.4M | $231K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $5.3M, and assets of $919K (revenue +1.3% year-over-year).
- 2022: Revenue of $4.9M, expenses of $5.7M, and assets of $1.3M (revenue -5.7% year-over-year).
- 2021: Revenue of $5.2M, expenses of $5.8M, and assets of $2.2M (revenue +3.4% year-over-year).
- 2020: Revenue of $5.0M, expenses of $5.4M, and assets of $2.8M (revenue +2.3% year-over-year).
- 2019: Revenue of $4.9M, expenses of $4.9M, and assets of $3.1M (revenue +7.8% year-over-year).
- 2018: Revenue of $4.5M, expenses of $4.3M, and assets of $3.1M (revenue +7.4% year-over-year).
- 2017: Revenue of $4.2M, expenses of $3.8M, and assets of $2.7M (revenue +9.7% year-over-year).
- 2016: Revenue of $3.9M, expenses of $3.6M, and assets of $2.3M (revenue +9.0% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.4M, and assets of $2.0M (revenue +4.6% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.1M, and assets of $1.9M (revenue +3.2% year-over-year).
- 2013: Revenue of $3.3M, expenses of $3.1M, and assets of $1.6M (revenue +14.0% year-over-year).
- 2012: Revenue of $2.9M, expenses of $2.9M, and assets of $1.4M (revenue +1.0% year-over-year).
- 2011: Revenue of $2.8M, expenses of $3.0M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seiu Local 105 Health And Welfare Trust Fund:
Data Sources and Methodology
This transparency report for Seiu Local 105 Health And 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.