Steamfitters Pipefitters & Apprentices 475 Vacation Fund

About Steamfitters Pipefitters & Apprentices 475 Vacation Fund

Steamfitters Pipefitters & Apprentices 475 Vacation Fund (EIN: 222351279) is a nonprofit organization based in Warren, NJ. The organization reported total revenue of $3.9M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steamfitters Pipefitters & Apprentices 475 Vacation Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Steamfitters Pipefitters & Apprentices 475 Vacation Fund with a Mission Score of 65 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: 5%
• programs: 90%
• fundraising: 5%

According to IRS 990 filings, Steamfitters Pipefitters & Apprentices 475 Vacation Fund allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is not reported in the provided financial data, indicating that the fund likely operates with administrative staff whose salaries are included in general expenses rather than separately disclosed executive pay.

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 Pipefitters & Apprentices 475 Vacation Fund's IRS 990 filings:

• Lack of detailed public information regarding specific program activities or beneficiaries beyond the general purpose of a 'vacation fund'.
• The 'nt' (nonprofit type) field is marked as '?', suggesting ambiguity or lack of clear classification in the provided data.

Strengths

The following positive indicators were identified for Steamfitters Pipefitters & Apprentices 475 Vacation Fund:

• Consistent financial reporting over multiple years, indicating stable operations.
• Assets consistently exceed liabilities, demonstrating financial solvency.
• The fund maintains a healthy asset base, with assets of $3,150,267 in 2022 and $3,725,752 in 2023.

Frequently Asked Questions about Steamfitters Pipefitters & Apprentices 475 Vacation Fund

Filing History

IRS 990 filing history for Steamfitters Pipefitters & Apprentices 475 Vacation Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Steamfitters Pipefitters & Apprentices 475 Vacation Fund's revenue has grown by 60.5%, moving from $2.9M to $4.6M. Total assets increased by 43.8% over the same period, from $2.6M to $3.7M. Total functional expenses rose by 59.8%, from $2.9M to $4.6M. In its most recent filing year (2023), Steamfitters Pipefitters & Apprentices 475 Vacation Fund reported a deficit of $20K, with expenses exceeding revenue. The organization holds $3.3M in liabilities against $3.7M in assets (debt-to-asset ratio: 89.8%), resulting in net assets of $379K.

Year-by-Year Financial Summary

• 2023: Revenue of $4.6M, expenses of $4.6M, and assets of $3.7M (revenue +25.1% year-over-year).
• 2022: Revenue of $3.7M, expenses of $3.7M, and assets of $3.0M (revenue -14.3% year-over-year).
• 2021: Revenue of $4.3M, expenses of $4.3M, and assets of $3.6M (revenue +13.1% year-over-year).
• 2020: Revenue of $3.8M, expenses of $3.8M, and assets of $3.3M (revenue -1.2% year-over-year).
• 2019: Revenue of $3.9M, expenses of $3.8M, and assets of $3.2M (revenue -3.5% year-over-year).
• 2018: Revenue of $4.0M, expenses of $3.9M, and assets of $3.4M (revenue -12.2% year-over-year).
• 2017: Revenue of $4.6M, expenses of $4.6M, and assets of $3.8M (revenue +44.5% year-over-year).
• 2016: Revenue of $3.2M, expenses of $3.2M, and assets of $2.7M (revenue -8.5% year-over-year).
• 2015: Revenue of $3.4M, expenses of $3.4M, and assets of $2.9M (revenue -29.5% year-over-year).
• 2014: Revenue of $4.9M, expenses of $4.9M, and assets of $4.3M (revenue +27.4% year-over-year).
• 2013: Revenue of $3.8M, expenses of $3.8M, and assets of $3.3M (revenue +10.5% year-over-year).
• 2012: Revenue of $3.5M, expenses of $3.5M, and assets of $2.9M (revenue +20.5% year-over-year).
• 2011: Revenue of $2.9M, expenses of $2.9M, and assets of $2.6M.

Data Sources and Methodology

This transparency report for Steamfitters Pipefitters & Apprentices 475 Vacation 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.