Smart Local 137 Insurance Fund

Smart Local 137 Insurance Fund maintains stable finances with consistent revenue and zero officer compensation.

EIN: 135520944 · Long Island City, NY · Updated: 2026-03-28

$7.5MRevenue

$16.5MAssets

85/100Mission Score (Excellent)

About Smart Local 137 Insurance Fund

Smart Local 137 Insurance Fund (EIN: 135520944) is a nonprofit organization based in Long Island City, NY. The organization reported total revenue of $7.5M and total assets of $16.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smart Local 137 Insurance Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Smart Local 137 Insurance Fund demonstrates consistent financial activity, with revenues and expenses generally in the range of $5.3 million to $7.7 million over the past decade. The organization's assets have remained robust, consistently above $14 million, reaching $16,455,111 in the latest period, indicating a stable financial foundation. While specific program spending details are not provided in the summary data, the nature of an 'Insurance Fund' suggests that the majority of expenses would directly relate to member benefits, which aligns with program delivery. The organization consistently reports 0% officer compensation, which is a significant positive indicator for financial efficiency and transparency regarding executive pay.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Smart Local 137 Insurance 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Smart Local 137 Insurance Fund 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

Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly favorable for financial efficiency.

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.

Strengths

The following positive indicators were identified for Smart Local 137 Insurance Fund:

Consistent financial stability with robust assets ($16,455,111 latest).
Zero reported officer compensation across all filings, indicating high efficiency in executive pay.
Revenues generally cover expenses, as demonstrated by the 202312 period where revenue exceeded expenses.
Low liabilities relative to assets, indicating strong financial health.

Frequently Asked Questions about Smart Local 137 Insurance Fund

Is Smart Local 137 Insurance Fund financially stable?

Yes, the organization appears financially stable, with assets consistently exceeding $14 million and revenues generally covering expenses, as seen in the 202312 period where revenue was $7,280,231 against expenses of $7,124,147.

How does Smart Local 137 Insurance Fund manage its liabilities?

Liabilities have generally remained manageable, fluctuating between approximately $400,000 and $1.1 million over the past decade, which is a small fraction of its total assets ($16,455,111 in the latest period).

What is the trend in the organization's revenue?

Revenue has shown some fluctuation but generally an upward trend, increasing from $5,325,080 in 201512 to $7,280,231 in 202312, with the latest reported revenue at $7,485,282.

Filing History

IRS 990 filing history for Smart Local 137 Insurance Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Smart Local 137 Insurance Fund's revenue has grown by 68.8%, moving from $4.3M to $7.3M. Total assets increased by 11.2% over the same period, from $14.1M to $15.7M. Total functional expenses rose by 56.4%, from $4.6M to $7.1M. In its most recent filing year (2023), Smart Local 137 Insurance Fund reported a surplus of $156K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $15.7M in assets (debt-to-asset ratio: 6.8%), resulting in net assets of $14.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$7.3M	$7.1M	$15.7M	$1.1M	—	View 990
2022	$6.6M	$7.3M	$14.7M	$1.0M	—	—
2021	$5.8M	$6.5M	$17.3M	$1.0M	—	View 990
2020	$6.0M	$5.6M	$16.0M	$627K	—	—
2019	$6.2M	$6.9M	$15.3M	$1.1M	—	View 990
2018	$7.7M	$6.5M	$14.2M	$533K	—	View 990
2017	$5.7M	$6.0M	$15.6M	$524K	—	View 990
2016	$5.6M	$5.6M	$15.4M	$912K	—	View 990
2015	$5.3M	$5.4M	$14.6M	$406K	—	View 990
2014	$5.3M	$5.7M	$15.3M	$654K	—	View 990
2013	$4.7M	$5.1M	$15.2M	$380K	—	View 990
2012	$5.0M	$5.1M	$14.4M	$262K	—	View 990
2011	$4.3M	$4.6M	$14.1M	$228K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $7.3M, expenses of $7.1M, and assets of $15.7M (revenue +11.1% year-over-year).
2022: Revenue of $6.6M, expenses of $7.3M, and assets of $14.7M (revenue +12.3% year-over-year).
2021: Revenue of $5.8M, expenses of $6.5M, and assets of $17.3M (revenue -3.4% year-over-year).
2020: Revenue of $6.0M, expenses of $5.6M, and assets of $16.0M (revenue -2.1% year-over-year).
2019: Revenue of $6.2M, expenses of $6.9M, and assets of $15.3M (revenue -20.4% year-over-year).
2018: Revenue of $7.7M, expenses of $6.5M, and assets of $14.2M (revenue +36.3% year-over-year).
2017: Revenue of $5.7M, expenses of $6.0M, and assets of $15.6M (revenue +1.1% year-over-year).
2016: Revenue of $5.6M, expenses of $5.6M, and assets of $15.4M (revenue +5.5% year-over-year).
2015: Revenue of $5.3M, expenses of $5.4M, and assets of $14.6M (revenue -0.1% year-over-year).
2014: Revenue of $5.3M, expenses of $5.7M, and assets of $15.3M (revenue +13.5% year-over-year).
2013: Revenue of $4.7M, expenses of $5.1M, and assets of $15.2M (revenue -6.6% year-over-year).
2012: Revenue of $5.0M, expenses of $5.1M, and assets of $14.4M (revenue +16.7% year-over-year).
2011: Revenue of $4.3M, expenses of $4.6M, and assets of $14.1M.

Data Sources and Methodology

This transparency report for Smart Local 137 Insurance 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.