Steamfitters Industry Security Benefit Fund
Steamfitters Industry Security Benefit Fund maintains substantial assets despite periods of deficit spending.
EIN: 136149681 · Long Island City, NY · NTEE: J40 · Updated: 2026-03-28
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Steamfitters Industry Security Benefit Fund is mapped to EIN 136149681.
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13 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $70.2M |
| Total Expenses | $50.0M |
| Program Spending | 90% |
| Net Assets | $302.2M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Steamfitters Industry Security Benefit Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Steamfitters Industry Security Benefit 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 Steamfitters Industry Security Benefit Fund in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $47.5M and expenses of $50.0M.
Revenue and Expenses
Steamfitters Industry Security Benefit Fund reported $47.5M in revenue and $50.0M in expenses, a deficit of $2.5M.
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 3 strengths are shown from structured and AI review.
Is Steamfitters Industry Security Benefit Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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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 | $45.0M (90%) |
Across stored filings, Steamfitters Industry Security Benefit 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 B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Category J context |
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Steamfitters Industry Security Benefit Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steamfitters Industry Security Benefit Fund
Steamfitters Industry Security Benefit Fund (EIN: 136149681) is a nonprofit organization based in Long Island City, NY, classified under NTEE code J40. The organization reported total revenue of $70.2M and total assets of $319.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steamfitters Industry Security Benefit Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steamfitters Industry Security Benefit Fund is a major nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47.5M |
| Total Expenses | $50.0M |
| Surplus / Deficit | $-2,484,691 |
| Total Assets | $306.3M |
| Total Liabilities | $4.1M |
| Net Assets | $302.2M |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 73.5 months |
Financial Health Grade: B
In 2023, Steamfitters Industry Security Benefit Fund reported a deficit of $2.5M with expenses exceeding revenue, holds 73.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Steamfitters Industry Security Benefit Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.6% | -9.5% | +3.9% |
| 2022 | -13.8% | +5.5% | -9.8% |
| 2021 | +11.9% | -23.8% | +6.0% |
| 2020 | -25.1% | +42.8% | -0.6% |
| 2019 | -0.4% | +27.9% | +14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Steamfitters Industry Security Benefit 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, Steamfitters Industry Security Benefit 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation directly from the organization, which is a strong positive for transparency and efficiency relative to the organization's size and mission.
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 Steamfitters Industry Security Benefit Fund's IRS 990 filings:
- Consistent periods where expenses exceed revenue (e.g., 2020, 2021, 2022, 2023) could indicate reliance on asset drawdowns, which needs monitoring for long-term sustainability.
Strengths
The following positive indicators were identified for Steamfitters Industry Security Benefit Fund:
- Strong asset base, growing from $209 million in 2014 to $306 million in 2023, indicating financial stability.
- Zero reported officer compensation across all filings, suggesting high efficiency and transparency in leadership compensation.
- Consistent revenue generation, averaging over $50 million annually, supporting its benefit obligations.
Frequently Asked Questions about Steamfitters Industry Security Benefit Fund
Is Steamfitters Industry Security Benefit Fund a legitimate charity?
Steamfitters Industry Security Benefit Fund (EIN: 136149681) 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: $70.2M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Steamfitters Industry Security Benefit Fund spend its money?
Steamfitters Industry Security Benefit Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Steamfitters Industry Security Benefit Fund tax-deductible?
Steamfitters Industry Security Benefit Fund is registered as a tax-exempt nonprofit (EIN: 136149681). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Steamfitters Industry Security Benefit Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Steamfitters Industry Security Benefit Fund is above average for NTEE category J40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Steamfitters Industry Security Benefit Fund located?
Steamfitters Industry Security Benefit Fund is headquartered in Long Island City, New York and files with the IRS under EIN 136149681. It is classified under NTEE code J40.
How many years of IRS 990 filings does Steamfitters Industry Security Benefit Fund have?
Steamfitters Industry Security Benefit 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 $70.2M in total revenue.
How does the fund manage periods where expenses exceed revenue, such as in 2023, 2022, 2021, and 2020?
The fund likely draws from its substantial asset base (e.g., $306 million in 2023) to cover benefit payouts when expenses surpass annual revenue, a common practice for benefit funds.
What is the specific breakdown of 'expenses' into benefit payouts versus administrative costs?
Without a detailed breakdown of expenses from the 990, it's assumed that the vast majority of expenses for a 'Security Benefit Fund' are direct benefit payouts to members, with a smaller portion allocated to administration.
Why is officer compensation consistently reported as 0%?
This could indicate that the fund's administration is volunteer-based, compensated through an affiliated entity, or structured in a way that does not involve traditional 'officer compensation' as reported on the 990 form.
Filing History
IRS 990 filing history for Steamfitters Industry Security Benefit Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Steamfitters Industry Security Benefit Fund's revenue has grown by 35.3%, moving from $35.1M to $47.5M. Total assets increased by 125.5% over the same period, from $135.8M to $306.3M. Total functional expenses rose by 58.3%, from $31.6M to $50.0M. In its most recent filing year (2023), Steamfitters Industry Security Benefit Fund reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $4.1M in liabilities against $306.3M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $302.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47.5M | $50.0M | $306.3M | $4.1M | — | — |
| 2022 | $45.0M | $55.2M | $294.8M | $4.6M | — | View 990 |
| 2021 | $52.2M | $52.4M | $326.7M | $2.7M | — | View 990 |
| 2020 | $46.7M | $68.8M | $308.2M | $4.5M | — | — |
| 2019 | $62.3M | $48.2M | $310.1M | $1.1M | — | View 990 |
| 2018 | $62.6M | $37.7M | $271.2M | $4.6M | — | View 990 |
| 2017 | $63.0M | $37.4M | $268.9M | $3.3M | — | View 990 |
| 2016 | $53.2M | $28.6M | $238.8M | $7.5M | — | View 990 |
| 2015 | $51.3M | $37.3M | $206.0M | $4.8M | — | View 990 |
| 2014 | $50.6M | $33.9M | $209.1M | $7.7M | — | View 990 |
| 2013 | $51.9M | $33.3M | $193.5M | $8.6M | — | View 990 |
| 2012 | $45.0M | $27.8M | $162.3M | $2.6M | — | View 990 |
| 2011 | $35.1M | $31.6M | $135.8M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47.5M, expenses of $50.0M, and assets of $306.3M (revenue +5.6% year-over-year).
- 2022: Revenue of $45.0M, expenses of $55.2M, and assets of $294.8M (revenue -13.8% year-over-year).
- 2021: Revenue of $52.2M, expenses of $52.4M, and assets of $326.7M (revenue +11.9% year-over-year).
- 2020: Revenue of $46.7M, expenses of $68.8M, and assets of $308.2M (revenue -25.1% year-over-year).
- 2019: Revenue of $62.3M, expenses of $48.2M, and assets of $310.1M (revenue -0.4% year-over-year).
- 2018: Revenue of $62.6M, expenses of $37.7M, and assets of $271.2M (revenue -0.5% year-over-year).
- 2017: Revenue of $63.0M, expenses of $37.4M, and assets of $268.9M (revenue +18.5% year-over-year).
- 2016: Revenue of $53.2M, expenses of $28.6M, and assets of $238.8M (revenue +3.5% year-over-year).
- 2015: Revenue of $51.3M, expenses of $37.3M, and assets of $206.0M (revenue +1.4% year-over-year).
- 2014: Revenue of $50.6M, expenses of $33.9M, and assets of $209.1M (revenue -2.5% year-over-year).
- 2013: Revenue of $51.9M, expenses of $33.3M, and assets of $193.5M (revenue +15.5% year-over-year).
- 2012: Revenue of $45.0M, expenses of $27.8M, and assets of $162.3M (revenue +28.0% year-over-year).
- 2011: Revenue of $35.1M, expenses of $31.6M, and assets of $135.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steamfitters Industry Security Benefit Fund:
Data Sources and Methodology
This transparency report for Steamfitters Industry Security Benefit 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.