Service Employees Benefit Fund
Service Employees Benefit Fund shows consistent asset growth despite recent deficit and no reported officer compensation.
EIN: 150613682 · Syracuse, NY · NTEE: Y43 · Updated: 2026-03-28
Is Service Employees Benefit Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Service Employees Benefit Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Service Employees Benefit Fund
Service Employees Benefit Fund (EIN: 150613682) is a nonprofit organization based in Syracuse, NY, classified under NTEE code Y43. The organization reported total revenue of $70.6M and total assets of $52.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Service Employees Benefit Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Service Employees Benefit Fund is a major nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39.4M |
| Total Expenses | $44.8M |
| Surplus / Deficit | $-5,430,211 |
| Total Assets | $46.7M |
| Total Liabilities | $237K |
| Net Assets | $46.5M |
| Operating Margin | -13.8% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 12.5 months |
Financial Health Grade: B
In 2023, Service Employees Benefit Fund reported a deficit of $5.4M with expenses exceeding revenue, holds 12.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Service Employees Benefit Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.5% | +17.0% | -8.8% |
| 2022 | +2.4% | -1.3% | -2.9% |
| 2021 | -3.0% | +7.1% | +12.1% |
| 2020 | +6.4% | +0.1% | +23.8% |
| 2019 | +5.9% | +0.8% | +19.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Service Employees Benefit 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Service Employees Benefit Fund allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $5.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of this size with revenues in the tens of millions. This either indicates that no officers receive compensation, or that compensation is reported under different categories, which could obscure a full understanding of executive pay.
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 Service Employees Benefit Fund's IRS 990 filings:
- Consistent 0% officer compensation reported for a large organization, which may obscure actual executive pay.
- Significant deficit in the most recent fiscal period (202310), with expenses exceeding revenue by over $5 million.
Strengths
The following positive indicators were identified for Service Employees Benefit Fund:
- Consistent growth in assets over the past decade, from $18.2M in 2014 to $46.7M in 2023.
- Generally strong financial health with revenues consistently in the tens of millions.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency in reporting.
Frequently Asked Questions about Service Employees Benefit Fund
Is Service Employees Benefit Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Service Employees Benefit Fund (EIN: 150613682) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Service Employees Benefit Fund spend its money?
Service Employees Benefit Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Service Employees Benefit Fund tax-deductible?
Service Employees Benefit Fund is registered as a tax-exempt nonprofit (EIN: 150613682). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why was there a significant deficit in the 202310 fiscal period?
In the 202310 period, the organization reported expenses of $44,818,457 against revenues of $39,388,246, resulting in a deficit. This contrasts with previous years where revenue generally exceeded expenses.
How does the organization manage to report 0% officer compensation with such high revenue?
The consistent reporting of 0% officer compensation across all filings for an organization with revenues exceeding $30 million annually is highly unusual. This suggests that either officers are not compensated, or their compensation is categorized differently on the IRS Form 990, which would require further review of the detailed filing.
What is the primary nature of the 'expenses' reported, given the NTEE code Y43?
Given the NTEE code Y43 (Employee Benefit Funds), a significant portion of the reported expenses are likely direct benefit payments to members or beneficiaries, rather than traditional program service expenses seen in other types of charities. A detailed review of Part IX of the 990 would clarify this.
Filing History
IRS 990 filing history for Service Employees Benefit Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Service Employees Benefit Fund's revenue has grown by 88.8%, moving from $20.9M to $39.4M. Total assets increased by 268.3% over the same period, from $12.7M to $46.7M. Total functional expenses rose by 142.7%, from $18.5M to $44.8M. In its most recent filing year (2023), Service Employees Benefit Fund reported a deficit of $5.4M, with expenses exceeding revenue. The organization holds $237K in liabilities against $46.7M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $46.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39.4M | $44.8M | $46.7M | $237K | — | — |
| 2022 | $43.0M | $38.3M | $51.3M | $160K | — | View 990 |
| 2021 | $42.0M | $38.8M | $52.8M | $166K | — | View 990 |
| 2020 | $43.3M | $36.2M | $47.1M | $151K | — | — |
| 2019 | $40.7M | $36.2M | $38.1M | $162K | — | View 990 |
| 2018 | $38.4M | $35.9M | $31.8M | $171K | — | View 990 |
| 2017 | $36.5M | $33.2M | $29.8M | $158K | — | View 990 |
| 2016 | $35.1M | $31.3M | $25.8M | $141K | — | View 990 |
| 2015 | $29.3M | $26.1M | $21.7M | $126K | — | View 990 |
| 2014 | $25.7M | $24.1M | $18.3M | $156K | — | View 990 |
| 2013 | $26.6M | $24.2M | $16.9M | $222K | — | View 990 |
| 2012 | $25.2M | $24.2M | $13.8M | $145K | — | View 990 |
| 2011 | $20.9M | $18.5M | $12.7M | $304K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39.4M, expenses of $44.8M, and assets of $46.7M (revenue -8.5% year-over-year).
- 2022: Revenue of $43.0M, expenses of $38.3M, and assets of $51.3M (revenue +2.4% year-over-year).
- 2021: Revenue of $42.0M, expenses of $38.8M, and assets of $52.8M (revenue -3.0% year-over-year).
- 2020: Revenue of $43.3M, expenses of $36.2M, and assets of $47.1M (revenue +6.4% year-over-year).
- 2019: Revenue of $40.7M, expenses of $36.2M, and assets of $38.1M (revenue +5.9% year-over-year).
- 2018: Revenue of $38.4M, expenses of $35.9M, and assets of $31.8M (revenue +5.2% year-over-year).
- 2017: Revenue of $36.5M, expenses of $33.2M, and assets of $29.8M (revenue +4.1% year-over-year).
- 2016: Revenue of $35.1M, expenses of $31.3M, and assets of $25.8M (revenue +19.8% year-over-year).
- 2015: Revenue of $29.3M, expenses of $26.1M, and assets of $21.7M (revenue +14.0% year-over-year).
- 2014: Revenue of $25.7M, expenses of $24.1M, and assets of $18.3M (revenue -3.5% year-over-year).
- 2013: Revenue of $26.6M, expenses of $24.2M, and assets of $16.9M (revenue +5.4% year-over-year).
- 2012: Revenue of $25.2M, expenses of $24.2M, and assets of $13.8M (revenue +21.0% year-over-year).
- 2011: Revenue of $20.9M, expenses of $18.5M, and assets of $12.7M.
Data Sources and Methodology
This transparency report for Service Employees Benefit 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.