Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy

Sick Benefit Fund maintains stable finances with substantial assets and no reported officer compensation.

EIN: 131805529 · Valley Stream, NY · Updated: 2026-03-28

$30.0MRevenue

$26.5MAssets

75/100Mission Score (Good)

About Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy

Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy (EIN: 131805529) is a nonprofit organization based in Valley Stream, NY. The organization reported total revenue of $30.0M and total assets of $26.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Sick Benefit Fund Of Local 223 Amalgamated Industrial & Toy demonstrates consistent financial activity, with revenues and expenses generally in the range of $9 million to $12 million annually, though 2020 saw a significant revenue spike to over $19 million. The organization consistently maintains substantial assets, typically exceeding $20 million, which provides a strong financial cushion. Liabilities are generally very low, indicating good financial management and minimal debt burden. The organization's financial health appears stable, with assets significantly outweighing liabilities across all reported periods. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency and program focus. The absence of reported officer compensation suggests either a volunteer-led structure or compensation is reported under other expense categories, which could impact transparency if not clearly disclosed elsewhere.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy with a Mission Score of 75 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer leadership structure or that compensation is categorized differently, which would require further investigation for complete transparency.

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 Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy's IRS 990 filings:

Lack of detailed expense breakdown (program, admin, fundraising) in provided data
NTEE Code is unknown, making it difficult to benchmark against similar organizations

Strengths

The following positive indicators were identified for Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy:

Consistently low liabilities relative to assets, indicating strong financial solvency
Substantial asset base (e.g., $26,463,589 latest assets) provides financial stability
No reported officer compensation, suggesting efficient use of funds or volunteer leadership
Consistent revenue generation over many years, demonstrating operational stability

Frequently Asked Questions about Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy

What are the specific program services provided by the Sick Benefit Fund Of Local 223?

The provided data does not detail the specific program services. Further investigation into their IRS Form 990, Part III (Statement of Program Service Accomplishments) would be necessary.

How does the organization manage its significant assets, which consistently exceed $20 million?

The filings show consistent asset levels, but do not detail the investment strategies or asset management practices. This information would typically be found in the organization's financial statements or Form 990, Schedule D.

Why was there a significant revenue increase in 2020 to $19,533,185, compared to typical revenues around $10 million?

The data does not specify the reason for the revenue spike in 2020. This could be due to a large one-time contribution, investment gains, or a change in funding sources, which would be detailed in the Form 990, Part VIII (Statement of Revenue).

Are there any related organizations or transactions that could impact the Sick Benefit Fund's finances?

The provided data does not include information on related organizations or transactions. This would typically be disclosed in Form 990, Schedule R (Related Organizations) or Schedule L (Transactions with Interested Persons).

Filing History

IRS 990 filing history for Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2010–2022), Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy's revenue has grown by 93.4%, moving from $5.5M to $10.6M. Total assets decreased by 6.8% over the same period, from $22.4M to $20.9M. Total functional expenses rose by 140.1%, from $4.9M to $11.8M. In its most recent filing year (2022), Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $78K in liabilities against $20.9M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $20.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$10.6M	$11.8M	$20.9M	$78K	—	View 990
2021	$10.4M	$10.3M	$26.0M	$73K	—	View 990
2020	$19.5M	$10.2M	$27.2M	$1.2M	—	View 990
2019	$11.0M	$11.1M	$22.7M	$89K	—	View 990
2018	$10.0M	$10.9M	$21.9M	$105K	—	View 990
2017	$9.4M	$9.8M	$24.0M	$113K	—	—
2016	$9.2M	$10.8M	$23.9M	$138K	—	View 990
2015	$10.4M	$9.6M	$24.1M	$94K	—	View 990
2014	$10.8M	$10.5M	$24.5M	$69K	—	View 990
2013	$9.0M	$8.0M	$24.3M	$55K	—	View 990
2012	$7.9M	$6.9M	$21.7M	$94K	—	View 990
2011	$7.5M	$7.2M	$27.1M	$116K	—	View 990
2010	$5.5M	$4.9M	$22.4M	$187K	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $10.6M, expenses of $11.8M, and assets of $20.9M (revenue +1.5% year-over-year).
2021: Revenue of $10.4M, expenses of $10.3M, and assets of $26.0M (revenue -46.8% year-over-year).
2020: Revenue of $19.5M, expenses of $10.2M, and assets of $27.2M (revenue +78.3% year-over-year).
2019: Revenue of $11.0M, expenses of $11.1M, and assets of $22.7M (revenue +9.2% year-over-year).
2018: Revenue of $10.0M, expenses of $10.9M, and assets of $21.9M (revenue +6.3% year-over-year).
2017: Revenue of $9.4M, expenses of $9.8M, and assets of $24.0M (revenue +2.7% year-over-year).
2016: Revenue of $9.2M, expenses of $10.8M, and assets of $23.9M (revenue -11.3% year-over-year).
2015: Revenue of $10.4M, expenses of $9.6M, and assets of $24.1M (revenue -3.9% year-over-year).
2014: Revenue of $10.8M, expenses of $10.5M, and assets of $24.5M (revenue +19.1% year-over-year).
2013: Revenue of $9.0M, expenses of $8.0M, and assets of $24.3M (revenue +14.5% year-over-year).
2012: Revenue of $7.9M, expenses of $6.9M, and assets of $21.7M (revenue +5.3% year-over-year).
2011: Revenue of $7.5M, expenses of $7.2M, and assets of $27.1M (revenue +37.5% year-over-year).
2010: Revenue of $5.5M, expenses of $4.9M, and assets of $22.4M.

Data Sources and Methodology

This transparency report for Sick Benefit Fund Of Local 223 Amalgameted Industrial & Toy 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.