Seiu Local 2015 Long Term Care Workers Health Trust Fund
Seiu Local 2015 Health Trust Fund consistently maintains financial surpluses and low liabilities with no reported officer compensation.
EIN: 204570305 · Los Angeles, CA · NTEE: Y43 · Updated: 2026-03-28
Is Seiu Local 2015 Long Term Care Workers Health Trust Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seiu Local 2015 Long Term Care Workers Health Trust Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seiu Local 2015 Long Term Care Workers Health Trust Fund
Seiu Local 2015 Long Term Care Workers Health Trust Fund (EIN: 204570305) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code Y43. The organization reported total revenue of $12.9M and total assets of $15.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seiu Local 2015 Long Term Care Workers Health Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seiu Local 2015 Long Term Care Workers Health Trust Fund is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.2M |
| Total Expenses | $10.8M |
| Surplus / Deficit | +$443K |
| Total Assets | $13.3M |
| Total Liabilities | $3K |
| Net Assets | $13.3M |
| Operating Margin | 4.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 14.9 months |
Financial Health Grade: A
In 2023, Seiu Local 2015 Long Term Care Workers Health Trust Fund reported a surplus of $443K with revenue exceeding expenses, holds 14.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Seiu Local 2015 Long Term Care Workers Health Trust Fund's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.2% | +13.1% | -1.1% |
| 2022 | +9.5% | +4.3% | -4.6% |
| 2021 | -20.7% | +2.0% | +11.9% |
| 2020 | +36.8% | +4.3% | +30.1% |
| 2019 | +1.8% | -2.5% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Seiu Local 2015 Long Term Care Workers Health Trust 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Seiu Local 2015 Long Term Care Workers Health Trust Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $443K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers do not receive salaries from the trust fund, which is highly commendable for a trust of its size with over $11 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.
Strengths
The following positive indicators were identified for Seiu Local 2015 Long Term Care Workers Health Trust Fund:
- Consistent revenue surpluses, such as $443,229 in 202305, indicating strong financial management.
- Extremely low liabilities across all periods (e.g., $3,272 in 202305), signifying minimal debt and high financial solvency.
- No reported officer compensation, demonstrating a strong commitment to directing funds towards the mission.
- Steady growth in assets from $10.1M in 201405 to $13.3M in 202305, building a robust financial foundation.
- Positive net assets and strong liquidity, as evidenced by the low liabilities relative to assets.
Frequently Asked Questions about Seiu Local 2015 Long Term Care Workers Health Trust Fund
Is Seiu Local 2015 Long Term Care Workers Health Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Seiu Local 2015 Long Term Care Workers Health Trust Fund (EIN: 204570305) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Seiu Local 2015 Long Term Care Workers Health Trust Fund spend its money?
Seiu Local 2015 Long Term Care Workers Health Trust Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seiu Local 2015 Long Term Care Workers Health Trust Fund tax-deductible?
Seiu Local 2015 Long Term Care Workers Health Trust Fund is registered as a tax-exempt nonprofit (EIN: 204570305). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Seiu Local 2015 Long Term Care Workers Health Trust Fund financially stable?
Yes, the trust fund is financially stable. It has consistently generated revenue surpluses, such as $443,229 in 202305, and maintained very low liabilities, like $3,272 in the same period, while growing its assets from $10.1M in 201405 to $13.3M in 202305.
Does this organization pay its officers?
No, the IRS 990 filings consistently report 0% for officer compensation across all available periods, indicating that officers do not receive salaries from the trust fund.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $10,151,116 in 201405 to $13,320,395 in 202305, demonstrating a healthy accumulation of reserves.
Filing History
IRS 990 filing history for Seiu Local 2015 Long Term Care Workers Health Trust Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Seiu Local 2015 Long Term Care Workers Health Trust Fund's revenue has declined by 49.2%, moving from $22.1M to $11.2M. Total assets increased by 54.6% over the same period, from $8.6M to $13.3M. Total functional expenses fell by 53.2%, from $23.0M to $10.8M. In its most recent filing year (2023), Seiu Local 2015 Long Term Care Workers Health Trust Fund reported a surplus of $443K, with revenue exceeding expenses. The organization holds $3K in liabilities against $13.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.2M | $10.8M | $13.3M | $3K | — | View 990 |
| 2022 | $10.4M | $9.5M | $13.5M | $21K | — | View 990 |
| 2021 | $9.5M | $9.1M | $14.1M | $17K | — | View 990 |
| 2020 | $12.0M | $8.9M | $12.6M | $15K | — | View 990 |
| 2019 | $8.8M | $8.6M | $9.7M | $5K | — | View 990 |
| 2018 | $8.6M | $8.8M | $9.2M | $20K | — | View 990 |
| 2017 | $7.4M | $7.2M | $9.5M | $14K | — | View 990 |
| 2016 | $4.9M | $5.2M | $9.2M | $13K | — | View 990 |
| 2015 | $3.2M | $3.8M | $9.4M | $21K | — | View 990 |
| 2014 | $8.8M | $9.4M | $10.2M | $175K | — | View 990 |
| 2013 | $12.0M | $12.5M | $11.6M | $1.0M | — | View 990 |
| 2012 | $21.5M | $15.3M | $12.1M | $1.1M | — | View 990 |
| 2011 | $22.1M | $23.0M | $8.6M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.2M, expenses of $10.8M, and assets of $13.3M (revenue +7.2% year-over-year).
- 2022: Revenue of $10.4M, expenses of $9.5M, and assets of $13.5M (revenue +9.5% year-over-year).
- 2021: Revenue of $9.5M, expenses of $9.1M, and assets of $14.1M (revenue -20.7% year-over-year).
- 2020: Revenue of $12.0M, expenses of $8.9M, and assets of $12.6M (revenue +36.8% year-over-year).
- 2019: Revenue of $8.8M, expenses of $8.6M, and assets of $9.7M (revenue +1.8% year-over-year).
- 2018: Revenue of $8.6M, expenses of $8.8M, and assets of $9.2M (revenue +16.2% year-over-year).
- 2017: Revenue of $7.4M, expenses of $7.2M, and assets of $9.5M (revenue +52.5% year-over-year).
- 2016: Revenue of $4.9M, expenses of $5.2M, and assets of $9.2M (revenue +51.0% year-over-year).
- 2015: Revenue of $3.2M, expenses of $3.8M, and assets of $9.4M (revenue -63.3% year-over-year).
- 2014: Revenue of $8.8M, expenses of $9.4M, and assets of $10.2M (revenue -26.6% year-over-year).
- 2013: Revenue of $12.0M, expenses of $12.5M, and assets of $11.6M (revenue -44.3% year-over-year).
- 2012: Revenue of $21.5M, expenses of $15.3M, and assets of $12.1M (revenue -2.5% year-over-year).
- 2011: Revenue of $22.1M, expenses of $23.0M, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seiu Local 2015 Long Term Care Workers Health Trust Fund:
Data Sources and Methodology
This transparency report for Seiu Local 2015 Long Term Care Workers Health 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.