Steamfitters Industry Vacation Plan

Steamfitters Industry Vacation Plan consistently disburses nearly all revenue with zero officer compensation.

EIN: 136149682 · Long Island City, NY · Updated: 2026-03-28

$28.2MRevenue

$9.3MAssets

90/100Mission Score (Excellent)

About Steamfitters Industry Vacation Plan

Steamfitters Industry Vacation Plan (EIN: 136149682) is a nonprofit organization based in Long Island City, NY. The organization reported total revenue of $28.2M and total assets of $9.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steamfitters Industry Vacation Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Steamfitters Industry Vacation Plan appears to be a well-managed organization with consistent financial activity over the past decade. Its revenue and expenses have remained relatively stable, hovering around $25-33 million annually, indicating a predictable operational scale. The organization consistently reports zero officer compensation, which is a significant positive for transparency and efficient use of funds, as it suggests that administrative costs are not inflated by high executive salaries. While the NTEE code is unknown, the name suggests it's a benefit plan, which typically has different spending profiles than traditional charities. The organization's assets have generally fluctuated in line with its liabilities, maintaining a healthy but not excessively large reserve, which is typical for a plan of this nature. The consistent near-zero net income or slight deficits/surpluses each year (e.g., 202312: Revenue $24,715,962, Expenses $24,624,617) suggest that funds are primarily disbursed to beneficiaries rather than accumulated, aligning with the purpose of a vacation plan.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Steamfitters Industry Vacation Plan with a Mission Score of 90 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: 1%
programs: 99%
fundraising: 0%

According to IRS 990 filings, Steamfitters Industry Vacation Plan allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 salaries from the organization, which is highly unusual and suggests a very lean administrative structure or that compensation is handled through a related entity.

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 Vacation Plan's IRS 990 filings:

NTEE code is unknown, making direct comparison to similar organizations difficult.

Strengths

The following positive indicators were identified for Steamfitters Industry Vacation Plan:

Consistent financial operations with stable revenue and expenses over a decade.
Zero reported officer compensation, indicating highly efficient use of funds for its stated purpose.
High program spending ratio, as nearly all expenses are likely direct benefit disbursements.
Assets consistently exceed liabilities, demonstrating financial solvency.

Frequently Asked Questions about Steamfitters Industry Vacation Plan

What is the primary purpose of the Steamfitters Industry Vacation Plan?

Based on its name and financial activity, it is likely a trust or fund established to provide vacation benefits to members of the Steamfitters industry, disbursing funds to beneficiaries rather than engaging in traditional charitable programs.

How does the organization manage to have 0% officer compensation?

This could be due to several reasons: officers may be compensated by a related union or entity, they may be volunteers, or the plan's administrative functions are outsourced or managed by staff whose compensation is categorized differently within the expenses.

Is the organization financially stable given its near-zero net income?

Yes, for a vacation plan, near-zero net income is often a sign of efficient operation, meaning that most of the incoming funds are being distributed to beneficiaries as intended, rather than accumulating large surpluses. Its assets consistently cover liabilities.

Filing History

IRS 990 filing history for Steamfitters Industry Vacation Plan showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Steamfitters Industry Vacation Plan's revenue has grown by 19.8%, moving from $20.6M to $24.7M. Total assets increased by 24.8% over the same period, from $6.4M to $8.0M. Total functional expenses rose by 18.5%, from $20.8M to $24.6M. In its most recent filing year (2023), Steamfitters Industry Vacation Plan reported a surplus of $91K, with revenue exceeding expenses. The organization holds $7.7M in liabilities against $8.0M in assets (debt-to-asset ratio: 96.2%), resulting in net assets of $307K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$24.7M	$24.6M	$8.0M	$7.7M	—	—
2022	$24.3M	$24.1M	$7.5M	$7.3M	—	View 990
2021	$25.8M	$25.9M	$8.1M	$8.1M	—	View 990
2020	$25.4M	$25.5M	$8.9M	$8.8M	—	—
2019	$32.4M	$32.4M	$9.8M	$9.7M	—	View 990
2018	$33.0M	$33.0M	$10.5M	$10.3M	—	View 990
2017	$30.1M	$30.1M	$9.4M	$9.3M	—	View 990
2016	$29.6M	$29.5M	$9.4M	$9.2M	—	View 990
2015	$26.6M	$26.7M	$8.5M	$8.5M	—	View 990
2014	$24.6M	$24.7M	$8.0M	$7.9M	—	View 990
2013	$23.9M	$23.7M	$7.5M	$7.3M	—	View 990
2012	$24.3M	$24.3M	$7.9M	$7.8M	—	View 990
2011	$20.6M	$20.8M	$6.4M	$6.3M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $24.7M, expenses of $24.6M, and assets of $8.0M (revenue +1.8% year-over-year).
2022: Revenue of $24.3M, expenses of $24.1M, and assets of $7.5M (revenue -5.8% year-over-year).
2021: Revenue of $25.8M, expenses of $25.9M, and assets of $8.1M (revenue +1.5% year-over-year).
2020: Revenue of $25.4M, expenses of $25.5M, and assets of $8.9M (revenue -21.5% year-over-year).
2019: Revenue of $32.4M, expenses of $32.4M, and assets of $9.8M (revenue -2.0% year-over-year).
2018: Revenue of $33.0M, expenses of $33.0M, and assets of $10.5M (revenue +9.6% year-over-year).
2017: Revenue of $30.1M, expenses of $30.1M, and assets of $9.4M (revenue +1.8% year-over-year).
2016: Revenue of $29.6M, expenses of $29.5M, and assets of $9.4M (revenue +11.1% year-over-year).
2015: Revenue of $26.6M, expenses of $26.7M, and assets of $8.5M (revenue +8.1% year-over-year).
2014: Revenue of $24.6M, expenses of $24.7M, and assets of $8.0M (revenue +3.2% year-over-year).
2013: Revenue of $23.9M, expenses of $23.7M, and assets of $7.5M (revenue -1.6% year-over-year).
2012: Revenue of $24.3M, expenses of $24.3M, and assets of $7.9M (revenue +17.5% year-over-year).
2011: Revenue of $20.6M, expenses of $20.8M, and assets of $6.4M.

Data Sources and Methodology

This transparency report for Steamfitters Industry Vacation 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.