Sheet Metal Workers 38 Insurance And Welfare Fund
Sheet Metal Workers 38 Insurance And Welfare Fund maintains stable finances with consistent revenue and zero reported officer compensation.
EIN: 131739693 · Brewster, NY · Updated: 2026-03-28
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Sheet Metal Workers 38 Insurance And Welfare Fund is mapped to EIN 131739693.
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13 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $15.1M |
| Total Expenses | $13.3M |
| Program Spending | 90% |
| Net Assets | $15.5M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Sheet Metal Workers 38 Insurance And Welfare Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Sheet Metal Workers 38 Insurance And Welfare Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Sheet Metal Workers 38 Insurance And Welfare Fund in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $14.0M and expenses of $13.3M.
Revenue and Expenses
Sheet Metal Workers 38 Insurance And Welfare Fund reported $14.0M in revenue and $13.3M in expenses, a surplus of $658K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Sheet Metal Workers 38 Insurance And Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $12.0M (90%) |
Across stored filings, Sheet Metal Workers 38 Insurance And Welfare Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
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Sheet Metal Workers 38 Insurance And Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheet Metal Workers 38 Insurance And Welfare Fund
Sheet Metal Workers 38 Insurance And Welfare Fund (EIN: 131739693) is a nonprofit organization based in Brewster, NY. The organization reported total revenue of $15.1M and total assets of $17.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Workers 38 Insurance And Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheet Metal Workers 38 Insurance And Welfare Fund is a large nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.0M |
| Total Expenses | $13.3M |
| Surplus / Deficit | +$658K |
| Total Assets | $17.2M |
| Total Liabilities | $1.8M |
| Net Assets | $15.5M |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 10.2% |
| Months of Reserves | 15.5 months |
Financial Health Grade: A
In 2023, Sheet Metal Workers 38 Insurance And Welfare Fund reported a surplus of $658K with revenue exceeding expenses, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 10.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sheet Metal Workers 38 Insurance And Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.3% | +5.0% | +9.3% |
| 2022 | +10.0% | -8.4% | -13.6% |
| 2021 | +9.4% | +16.5% | -2.5% |
| 2020 | -12.8% | -2.0% | +5.3% |
| 2019 | +12.9% | +3.1% | +19.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
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 Sheet Metal Workers 38 Insurance And Welfare 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Sheet Metal Workers 38 Insurance And Welfare Fund allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $658K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either uncompensated or compensated through mechanisms not classified as officer compensation on the IRS Form 990.
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 Sheet Metal Workers 38 Insurance And Welfare Fund's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to categorize and compare with similar organizations.
Strengths
The following positive indicators were identified for Sheet Metal Workers 38 Insurance And Welfare Fund:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds or volunteer leadership.
- Stable revenue and expense patterns over a decade, demonstrating financial predictability.
- Healthy asset base, consistently above $14 million, providing financial security for its beneficiaries.
- Consistent filing of IRS Form 990s, indicating good compliance and transparency.
Frequently Asked Questions about Sheet Metal Workers 38 Insurance And Welfare Fund
Is Sheet Metal Workers 38 Insurance And Welfare Fund a legitimate charity?
Sheet Metal Workers 38 Insurance And Welfare Fund (EIN: 131739693) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $15.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Sheet Metal Workers 38 Insurance And Welfare Fund spend its money?
Sheet Metal Workers 38 Insurance And Welfare Fund directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Sheet Metal Workers 38 Insurance And Welfare Fund tax-deductible?
Sheet Metal Workers 38 Insurance And Welfare Fund is registered as a tax-exempt nonprofit (EIN: 131739693). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sheet Metal Workers 38 Insurance And Welfare Fund's spending goes to programs?
Sheet Metal Workers 38 Insurance And Welfare Fund directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sheet Metal Workers 38 Insurance And Welfare Fund located?
Sheet Metal Workers 38 Insurance And Welfare Fund is headquartered in Brewster, New York and files with the IRS under EIN 131739693.
How many years of IRS 990 filings does Sheet Metal Workers 38 Insurance And Welfare Fund have?
Sheet Metal Workers 38 Insurance And Welfare 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 $15.1M in total revenue.
Is Sheet Metal Workers 38 Insurance And Welfare Fund a good charity?
As a welfare fund, its primary purpose is to provide benefits to its members, not operate as a traditional public charity. Its financial stability and consistent reporting of zero officer compensation are positive indicators for its operational integrity.
How does the fund manage its expenses relative to its revenue?
The fund generally manages its expenses close to its revenue. For example, in 2023, revenue was $13,979,955 and expenses were $13,322,453, showing a slight surplus. There have been years with deficits, such as 2021 (Revenue $12.8M, Expenses $13.8M), but overall, it maintains a balanced financial position.
What is the trend in the fund's assets?
The fund's assets have generally remained robust, fluctuating between approximately $14.9 million and $19.2 million over the past decade, indicating a strong financial reserve to meet its obligations.
Filing History
IRS 990 filing history for Sheet Metal Workers 38 Insurance And Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sheet Metal Workers 38 Insurance And Welfare Fund's revenue has grown by 53.7%, moving from $9.1M to $14.0M. Total assets decreased by 10.4% over the same period, from $19.2M to $17.2M. Total functional expenses rose by 51.5%, from $8.8M to $13.3M. In its most recent filing year (2023), Sheet Metal Workers 38 Insurance And Welfare Fund reported a surplus of $658K, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $17.2M in assets (debt-to-asset ratio: 10.2%), resulting in net assets of $15.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.0M | $13.3M | $17.2M | $1.8M | — | — |
| 2022 | $14.2M | $12.7M | $15.8M | $1.7M | — | — |
| 2021 | $12.9M | $13.9M | $18.2M | $3.4M | — | View 990 |
| 2020 | $11.8M | $11.9M | $18.7M | $2.6M | — | — |
| 2019 | $13.5M | $12.1M | $17.8M | $2.2M | — | View 990 |
| 2018 | $12.0M | $11.8M | $14.9M | $1.7M | — | View 990 |
| 2017 | $12.4M | $12.1M | $16.0M | $2.5M | — | — |
| 2016 | $7.8M | $11.2M | $14.9M | $1.9M | — | View 990 |
| 2015 | $10.2M | $11.5M | $18.4M | $2.3M | — | View 990 |
| 2014 | $8.6M | $9.8M | $19.3M | $88K | — | View 990 |
| 2013 | $8.8M | $8.9M | $20.5M | $20K | — | View 990 |
| 2012 | $8.4M | $8.4M | $20.3M | $25K | — | View 990 |
| 2011 | $9.1M | $8.8M | $19.2M | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.0M, expenses of $13.3M, and assets of $17.2M (revenue -1.3% year-over-year).
- 2022: Revenue of $14.2M, expenses of $12.7M, and assets of $15.8M (revenue +10.0% year-over-year).
- 2021: Revenue of $12.9M, expenses of $13.9M, and assets of $18.2M (revenue +9.4% year-over-year).
- 2020: Revenue of $11.8M, expenses of $11.9M, and assets of $18.7M (revenue -12.8% year-over-year).
- 2019: Revenue of $13.5M, expenses of $12.1M, and assets of $17.8M (revenue +12.9% year-over-year).
- 2018: Revenue of $12.0M, expenses of $11.8M, and assets of $14.9M (revenue -3.5% year-over-year).
- 2017: Revenue of $12.4M, expenses of $12.1M, and assets of $16.0M (revenue +58.9% year-over-year).
- 2016: Revenue of $7.8M, expenses of $11.2M, and assets of $14.9M (revenue -23.7% year-over-year).
- 2015: Revenue of $10.2M, expenses of $11.5M, and assets of $18.4M (revenue +18.6% year-over-year).
- 2014: Revenue of $8.6M, expenses of $9.8M, and assets of $19.3M (revenue -2.6% year-over-year).
- 2013: Revenue of $8.8M, expenses of $8.9M, and assets of $20.5M (revenue +5.4% year-over-year).
- 2012: Revenue of $8.4M, expenses of $8.4M, and assets of $20.3M (revenue -7.7% year-over-year).
- 2011: Revenue of $9.1M, expenses of $8.8M, and assets of $19.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheet Metal Workers 38 Insurance And Welfare Fund:
Data Sources and Methodology
This transparency report for Sheet Metal Workers 38 Insurance And 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.