Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112
Sheet Metal Workers Local 112 shows consistent asset growth and no reported officer compensation over the past decade.
EIN: 166052225 · Elmira, NY · Updated: 2026-03-28
Is Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112
Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 (EIN: 166052225) is a nonprofit organization based in Elmira, NY. The organization reported total revenue of $6.6M and total assets of $14.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 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 consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other entities, which significantly reduces direct executive overhead for the organization.
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 Local 112 Wel Fare Metal Workers Local 112's IRS 990 filings:
- NTEE Code is unknown, limiting understanding of its specific charitable purpose and peer comparison.
- Detailed breakdown of program, administrative, and fundraising expenses is not provided, making it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112:
- Consistent asset growth, from $2.7M in 2014 to $12M in 2023, demonstrating strong financial management.
- Zero reported officer compensation across all filings, indicating low administrative overhead.
- Consistent revenue exceeding expenses, leading to healthy surpluses and asset accumulation.
- Low liabilities relative to assets, indicating strong financial stability and low debt burden.
- Consistent IRS 990 filing history over 14 periods, demonstrating commitment to transparency and compliance.
Frequently Asked Questions about Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112
Is Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 a legitimate charity?
Based on AI analysis of IRS 990 filings, Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 (EIN: 166052225) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 spend its money?
Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 tax-deductible?
Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 is registered as a tax-exempt nonprofit (EIN: 166052225). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sheet Metal Workers Local 112 a good charity?
Based on the available financial data, the organization demonstrates strong financial health with consistent asset growth and a history of operating with a surplus. The absence of reported officer compensation is a positive indicator of efficient use of funds. However, without a detailed breakdown of program spending, it's challenging to fully assess its programmatic impact.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over the past decade. Assets have grown from $2,732,218 in 2014 to $12,078,975 in 2023, and revenue has generally increased, indicating robust financial management and growth.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that its executive leadership is not directly compensated by the organization, which is a strong indicator of minimizing administrative costs.
Filing History
IRS 990 filing history for Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112's revenue has grown by 42.7%, moving from $3.0M to $4.3M. Total assets increased by 303.2% over the same period, from $3.0M to $12.1M. Total functional expenses rose by 5.5%, from $3.1M to $3.3M. In its most recent filing year (2023), Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $59K in liabilities against $12.1M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $12.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $3.3M | $12.1M | $59K | — | — |
| 2022 | $3.8M | $3.2M | $10.7M | $16K | — | View 990 |
| 2021 | $4.5M | $3.0M | $10.6M | $10K | — | View 990 |
| 2020 | $3.9M | $3.3M | $9.5M | $334K | — | View 990 |
| 2019 | $4.2M | $2.9M | $8.4M | $300K | — | View 990 |
| 2018 | $3.7M | $2.8M | $6.8M | $295K | — | View 990 |
| 2017 | $3.8M | $2.9M | $6.0M | $293K | — | — |
| 2016 | $3.7M | $2.6M | $4.8M | $11K | — | View 990 |
| 2015 | $3.9M | $2.8M | $3.7M | $12K | — | View 990 |
| 2014 | $4.1M | $3.2M | $2.7M | $16K | — | View 990 |
| 2013 | $3.8M | $3.5M | $1.9M | $13K | — | View 990 |
| 2012 | $3.1M | $3.5M | $1.6M | $49K | — | View 990 |
| 2011 | $2.8M | $3.3M | $2.5M | $598K | — | View 990 |
| 2010 | $3.0M | $3.1M | $3.0M | $491K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $3.3M, and assets of $12.1M (revenue +13.1% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.2M, and assets of $10.7M (revenue -15.4% year-over-year).
- 2021: Revenue of $4.5M, expenses of $3.0M, and assets of $10.6M (revenue +14.6% year-over-year).
- 2020: Revenue of $3.9M, expenses of $3.3M, and assets of $9.5M (revenue -6.0% year-over-year).
- 2019: Revenue of $4.2M, expenses of $2.9M, and assets of $8.4M (revenue +14.3% year-over-year).
- 2018: Revenue of $3.7M, expenses of $2.8M, and assets of $6.8M (revenue -2.7% year-over-year).
- 2017: Revenue of $3.8M, expenses of $2.9M, and assets of $6.0M (revenue +2.1% year-over-year).
- 2016: Revenue of $3.7M, expenses of $2.6M, and assets of $4.8M (revenue -4.4% year-over-year).
- 2015: Revenue of $3.9M, expenses of $2.8M, and assets of $3.7M (revenue -5.0% year-over-year).
- 2014: Revenue of $4.1M, expenses of $3.2M, and assets of $2.7M (revenue +6.3% year-over-year).
- 2013: Revenue of $3.8M, expenses of $3.5M, and assets of $1.9M (revenue +23.9% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.5M, and assets of $1.6M (revenue +11.8% year-over-year).
- 2011: Revenue of $2.8M, expenses of $3.3M, and assets of $2.5M (revenue -8.8% year-over-year).
- 2010: Revenue of $3.0M, expenses of $3.1M, and assets of $3.0M.
Data Sources and Methodology
This transparency report for Sheet Metal Workers Local 112 Wel Fare Metal Workers Local 112 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.