Service Fitters Industry Ed Fund

Service Fitters Industry Ed Fund consistently operates with deficits, drawing on substantial assets.

EIN: 112892696 · Long Island City, NY · Updated: 2026-03-28

$2.3MRevenue

$6.8MAssets

70/100Mission Score (Good)

About Service Fitters Industry Ed Fund

Service Fitters Industry Ed Fund (EIN: 112892696) is a nonprofit organization based in Long Island City, NY. The organization reported total revenue of $2.3M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Service Fitters Industry Ed Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Service Fitters Industry Ed Fund demonstrates consistent financial activity, with revenues and expenses generally in the range of $2-2.5 million over the past several years. The organization has maintained a healthy asset base, growing from $4.49 million in 2014 to $7.33 million in 2023, indicating good financial stewardship. However, the organization has consistently spent more than its revenue in recent years, with expenses exceeding revenue by approximately $247,428 in 2023 and $327,000 in 2022. This trend of operating deficits, while potentially covered by reserves, warrants closer examination to ensure long-term sustainability. The absence of reported officer compensation is a notable aspect of its financial structure, suggesting a volunteer-led or externally compensated leadership model, which can contribute to lower administrative costs.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Service Fitters Industry Ed Fund with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Service Fitters Industry Ed Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not reported as officer compensation on the 990, which is unusual for an organization with over $2 million in annual expenses.

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 Fitters Industry Ed Fund's IRS 990 filings:

Consistent operating deficits (e.g., $247,428 deficit in 2023, $327,000 deficit in 2022).
Significant increase in liabilities in 2023 to $1,831,728 from $34,924 in 2022.
No reported officer compensation despite over $2 million in annual expenses.

Strengths

The following positive indicators were identified for Service Fitters Industry Ed Fund:

Strong and growing asset base, increasing from $4.49 million in 2014 to $7.33 million in 2023.
Consistent revenue generation over $2 million annually.
Low administrative overhead due to no reported officer compensation.

Frequently Asked Questions about Service Fitters Industry Ed Fund

How does Service Fitters Industry Ed Fund cover its consistent operating deficits?

The organization has consistently reported expenses exceeding revenue in recent years (e.g., $2,449,037 expenses vs. $2,201,609 revenue in 2023). This suggests they are drawing from their substantial asset base, which grew from $4.49 million in 2014 to $7.33 million in 2023, to cover these shortfalls.

What is the nature of the organization's liabilities, particularly the increase in 2023?

Liabilities significantly increased from $34,924 in 2022 to $1,831,728 in 2023. Understanding the nature of this substantial increase (e.g., long-term debt, program-related liabilities) is crucial for assessing financial risk.

Why is there no reported officer compensation?

The consistent reporting of 0% officer compensation is unusual for an organization of this size and expense level. It raises questions about how leadership is compensated or if the organization is entirely volunteer-led at the executive level.

Filing History

IRS 990 filing history for Service Fitters Industry Ed Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Service Fitters Industry Ed Fund's revenue has grown by 35.6%, moving from $1.6M to $2.2M. Total assets increased by 184.5% over the same period, from $2.6M to $7.3M. Total functional expenses rose by 110.2%, from $1.2M to $2.4M. In its most recent filing year (2023), Service Fitters Industry Ed Fund reported a deficit of $247K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $7.3M in assets (debt-to-asset ratio: 25.0%), resulting in net assets of $5.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.2M	$2.4M	$7.3M	$1.8M	—	View 990
2022	$2.1M	$2.5M	$5.9M	$35K	—	View 990
2021	$2.3M	$2.6M	$6.5M	$38K	—	View 990
2020	$2.2M	$2.6M	$6.9M	$218K	—	View 990
2019	$2.3M	$2.3M	$7.2M	$47K	—	View 990
2018	$2.4M	$1.5M	$7.1M	$30K	—	View 990
2017	$2.2M	$1.3M	$6.3M	$92K	—	View 990
2016	$2.1M	$1.5M	$5.5M	$43K	—	View 990
2015	$1.9M	$1.4M	$5.0M	$48K	—	—
2014	$1.8M	$1.1M	$4.5M	$54K	—	View 990
2013	$1.8M	$1.1M	$3.9M	$49K	—	View 990
2012	$1.7M	$1.1M	$3.1M	$10K	—	View 990
2011	$1.6M	$1.2M	$2.6M	$33K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.2M, expenses of $2.4M, and assets of $7.3M (revenue +2.8% year-over-year).
2022: Revenue of $2.1M, expenses of $2.5M, and assets of $5.9M (revenue -7.8% year-over-year).
2021: Revenue of $2.3M, expenses of $2.6M, and assets of $6.5M (revenue +5.7% year-over-year).
2020: Revenue of $2.2M, expenses of $2.6M, and assets of $6.9M (revenue -4.2% year-over-year).
2019: Revenue of $2.3M, expenses of $2.3M, and assets of $7.2M (revenue -5.9% year-over-year).
2018: Revenue of $2.4M, expenses of $1.5M, and assets of $7.1M (revenue +11.1% year-over-year).
2017: Revenue of $2.2M, expenses of $1.3M, and assets of $6.3M (revenue +5.2% year-over-year).
2016: Revenue of $2.1M, expenses of $1.5M, and assets of $5.5M (revenue +10.4% year-over-year).
2015: Revenue of $1.9M, expenses of $1.4M, and assets of $5.0M (revenue +6.4% year-over-year).
2014: Revenue of $1.8M, expenses of $1.1M, and assets of $4.5M (revenue +1.2% year-over-year).
2013: Revenue of $1.8M, expenses of $1.1M, and assets of $3.9M (revenue +3.2% year-over-year).
2012: Revenue of $1.7M, expenses of $1.1M, and assets of $3.1M (revenue +4.6% year-over-year).
2011: Revenue of $1.6M, expenses of $1.2M, and assets of $2.6M.

Data Sources and Methodology

This transparency report for Service Fitters Industry Ed 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.