Southern Tier Building Trades Welfare Plan
Southern Tier Building Trades Welfare Plan maintains strong assets with fluctuating annual surpluses/deficits.
EIN: 160810677 · Jamestown, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.7M |
| Total Expenses | $4.2M |
| Program Spending | 95% |
| Net Assets | $19.0M |
| Transparency Score | 85/100 |
Is Southern Tier Building Trades Welfare Plan Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southern Tier Building Trades Welfare Plan directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southern Tier Building Trades Welfare Plan
Southern Tier Building Trades Welfare Plan (EIN: 160810677) is a nonprofit organization based in Jamestown, NY. The organization reported total revenue of $8.7M and total assets of $20.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Tier Building Trades Welfare Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Tier Building Trades Welfare Plan is a mid-size nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-497,049 |
| Total Assets | $19.2M |
| Total Liabilities | $185K |
| Net Assets | $19.0M |
| Operating Margin | -13.3% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 54.2 months |
Financial Health Grade: B
In 2023, Southern Tier Building Trades Welfare Plan reported a deficit of $497K with expenses exceeding revenue, holds 54.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southern Tier Building Trades Welfare Plan's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.9% | +1.8% | -2.7% |
| 2022 | +12.6% | +37.6% | -5.9% |
| 2021 | -16.6% | -13.9% | +18.8% |
| 2020 | +3.0% | -15.7% | +5.2% |
| 2019 | -4.7% | +22.7% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Southern Tier Building Trades Welfare Plan 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Southern Tier Building Trades Welfare Plan allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $497K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that officers are either uncompensated or compensated through mechanisms not classified as officer compensation on the 990, which is a positive sign for resource allocation.
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 Southern Tier Building Trades Welfare Plan's IRS 990 filings:
- Occasional annual deficits where expenses exceed revenue, such as in 202304 ($4,246,698 expenses vs. $3,749,649 revenue), though this can be normal for welfare plans drawing from reserves.
Strengths
The following positive indicators were identified for Southern Tier Building Trades Welfare Plan:
- Strong and growing asset base, reaching $19,195,457 in 202304.
- Consistently low liabilities relative to assets, indicating financial stability.
- Reported 0% officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
- Consistent financial reporting over 13 periods, indicating transparency and accountability.
Frequently Asked Questions about Southern Tier Building Trades Welfare Plan
Is Southern Tier Building Trades Welfare Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Tier Building Trades Welfare Plan (EIN: 160810677) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Southern Tier Building Trades Welfare Plan spend its money?
Southern Tier Building Trades Welfare Plan directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southern Tier Building Trades Welfare Plan tax-deductible?
Southern Tier Building Trades Welfare Plan is registered as a tax-exempt nonprofit (EIN: 160810677). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southern Tier Building Trades Welfare Plan located?
Southern Tier Building Trades Welfare Plan is headquartered in Jamestown, New York and files with the IRS under EIN 160810677.
How many years of IRS 990 filings does Southern Tier Building Trades Welfare Plan have?
Southern Tier Building Trades Welfare Plan 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 $8.7M in total revenue.
Is Southern Tier Building Trades Welfare Plan a good charity?
Based on the available financial data, the organization appears to be well-managed with a strong asset base and low liabilities. Its consistent 0% officer compensation is a positive indicator of resource allocation. However, without a detailed breakdown of program vs. administrative expenses, a definitive 'good charity' assessment is limited, though its nature as a welfare plan suggests direct benefit distribution.
What is the primary purpose of this organization?
As a 'Welfare Plan,' its primary purpose is to provide welfare benefits to its members, likely related to health, retirement, or other support for building trades workers in the Southern Tier region.
How has the organization's financial health changed over time?
The organization has shown consistent growth in assets, from $13,376,903 in 201404 to $19,195,457 in 202304. While annual revenues and expenses fluctuate, the overall trend indicates a stable and growing financial position, with liabilities remaining low relative to assets.
Filing History
IRS 990 filing history for Southern Tier Building Trades Welfare Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southern Tier Building Trades Welfare Plan's revenue has grown by 13%, moving from $3.3M to $3.7M. Total assets increased by 92.4% over the same period, from $10.0M to $19.2M. Total functional expenses rose by 59.9%, from $2.7M to $4.2M. In its most recent filing year (2023), Southern Tier Building Trades Welfare Plan reported a deficit of $497K, with expenses exceeding revenue. The organization holds $185K in liabilities against $19.2M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $19.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $4.2M | $19.2M | $185K | — | View 990 |
| 2022 | $4.4M | $4.2M | $19.7M | $198K | — | View 990 |
| 2021 | $3.9M | $3.0M | $21.0M | $75K | — | View 990 |
| 2020 | $4.7M | $3.5M | $17.6M | $117K | — | View 990 |
| 2019 | $4.6M | $4.2M | $16.8M | $120K | — | View 990 |
| 2018 | $4.8M | $3.4M | $16.1M | $163K | — | View 990 |
| 2017 | $3.5M | $3.5M | $14.6M | $130K | — | View 990 |
| 2016 | $3.6M | $3.3M | $14.2M | $125K | — | View 990 |
| 2015 | $3.9M | $3.1M | $14.2M | $140K | — | View 990 |
| 2014 | $3.6M | $2.6M | $13.4M | $80K | — | View 990 |
| 2013 | $3.3M | $2.5M | $12.1M | $71K | — | View 990 |
| 2012 | $3.5M | $2.7M | $10.9M | $147K | — | View 990 |
| 2011 | $3.3M | $2.7M | $10.0M | $122K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $4.2M, and assets of $19.2M (revenue -14.9% year-over-year).
- 2022: Revenue of $4.4M, expenses of $4.2M, and assets of $19.7M (revenue +12.6% year-over-year).
- 2021: Revenue of $3.9M, expenses of $3.0M, and assets of $21.0M (revenue -16.6% year-over-year).
- 2020: Revenue of $4.7M, expenses of $3.5M, and assets of $17.6M (revenue +3.0% year-over-year).
- 2019: Revenue of $4.6M, expenses of $4.2M, and assets of $16.8M (revenue -4.7% year-over-year).
- 2018: Revenue of $4.8M, expenses of $3.4M, and assets of $16.1M (revenue +34.9% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.5M, and assets of $14.6M (revenue -0.8% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.3M, and assets of $14.2M (revenue -8.1% year-over-year).
- 2015: Revenue of $3.9M, expenses of $3.1M, and assets of $14.2M (revenue +8.5% year-over-year).
- 2014: Revenue of $3.6M, expenses of $2.6M, and assets of $13.4M (revenue +8.8% year-over-year).
- 2013: Revenue of $3.3M, expenses of $2.5M, and assets of $12.1M (revenue -7.0% year-over-year).
- 2012: Revenue of $3.5M, expenses of $2.7M, and assets of $10.9M (revenue +6.7% year-over-year).
- 2011: Revenue of $3.3M, expenses of $2.7M, and assets of $10.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Tier Building Trades Welfare Plan:
Data Sources and Methodology
This transparency report for Southern Tier Building Trades Welfare Plan 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.