Steamfitters Welfare Fund Local Union No 475
Steamfitters Welfare Fund Local Union No 475: Stable Finances, High Program Spending
EIN: 221516999 · Warren, NJ · NTEE: Y43 · Updated: 2026-04-04
About Steamfitters Welfare Fund Local Union No 475
Steamfitters Welfare Fund Local Union No 475 (EIN: 221516999) is a nonprofit organization based in Warren, NJ, classified under NTEE code Y43. The organization reported total revenue of $17.9M and total assets of $53.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steamfitters Welfare Fund Local Union No 475'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 Welfare Fund Local Union No 475 with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Steamfitters Welfare Fund Local Union No 475 allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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, suggesting that key personnel may be compensated through a related entity or serve in an unpaid capacity.
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 Steamfitters Welfare Fund Local Union No 475:
- Consistently high program spending, with approximately 80% of expenses directed towards programs.
- Healthy asset growth, increasing from $18.2 million in 2016 to $49.5 million in 2023.
- Stable revenue streams, consistently around $16-19 million annually over the past eight years.
Frequently Asked Questions about Steamfitters Welfare Fund Local Union No 475
What does Steamfitters Welfare Fund Local Union No 475 do?
Steamfitters Welfare Fund Local Union No 475 is a nonprofit organization in the Mutual & Membership Benefit sector, located in Warren, New Jersey. It is classified under NTEE code Y43.
How much revenue does Steamfitters Welfare Fund Local Union No 475 have?
Steamfitters Welfare Fund Local Union No 475 reported total revenue of $17,920,836. Based on 13 IRS 990 filings on record.
What are Steamfitters Welfare Fund Local Union No 475's total assets?
Steamfitters Welfare Fund Local Union No 475 holds total assets of $53,279,260 as reported in IRS 990 filings.
Where is Steamfitters Welfare Fund Local Union No 475 located?
Steamfitters Welfare Fund Local Union No 475 is based in Warren, New Jersey.
What is Steamfitters Welfare Fund Local Union No 475's EIN?
Steamfitters Welfare Fund Local Union No 475's Employer Identification Number (EIN) is 221516999. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Steamfitters Welfare Fund Local Union No 475?
Steamfitters Welfare Fund Local Union No 475 is classified under NTEE code Y43 (Mutual & Membership Benefit).
Is Steamfitters Welfare Fund Local Union No 475 a registered 501(c)(3)?
Yes, Steamfitters Welfare Fund Local Union No 475 is recognized as a tax-exempt organization by the IRS. EIN: 221516999.
Does Steamfitters Welfare Fund Local Union No 475 file IRS Form 990?
Yes, Steamfitters Welfare Fund Local Union No 475 has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Steamfitters Welfare Fund Local Union No 475's revenue in 2023?
In the 202312 filing period, Steamfitters Welfare Fund Local Union No 475 reported total revenue of $19,590,257, total expenses of $14,917,370, and net assets of $49,531,176.
Is Steamfitters Welfare Fund Local Union No 475's revenue growing or declining?
Steamfitters Welfare Fund Local Union No 475's revenue is growing. Revenue went from $16,101,072 (202212) to $19,590,257 (202312), a +21.7% change. Based on 13 filings on record.
What is Steamfitters Welfare Fund Local Union No 475's most recent 990 filing?
The most recent IRS Form 990 filing for Steamfitters Welfare Fund Local Union No 475 covers tax period 202312. It shows revenue of $19,590,257, expenses of $14,917,370, total assets of $49,531,176, and liabilities of $1,030,749.
How much does Steamfitters Welfare Fund Local Union No 475 spend on programs vs administration?
Based on IRS 990 analysis, Steamfitters Welfare Fund Local Union No 475 allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Steamfitters Welfare Fund Local Union No 475 a trustworthy charity?
Based on AI analysis of IRS 990 data, Steamfitters Welfare Fund Local Union No 475 appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Steamfitters Welfare Fund Local Union No 475's strengths?
Positive indicators for Steamfitters Welfare Fund Local Union No 475 include: Consistently high program spending, with approximately 80% of expenses directed towards programs.. Healthy asset growth, increasing from $18.2 million in 2016 to $49.5 million in 2023.. Stable revenue streams, consistently around $16-19 million annually over the past eight years.. These findings are derived from AI analysis of the organization's financial filings.
How does Steamfitters Welfare Fund Local Union No 475 compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting that key personnel may be compensated through a related entity or serve in an unpaid capacity. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported 0% compensation for officers, directors, trustees, and key employees, how are the leadership and management functions of the organization sustained and compensated?
The consistent reporting of $0 for officer compensation suggests that leadership may be compensated through a related union entity, serve in a volunteer capacity, or receive benefits that are not categorized as direct compensation in the provided filings.
Filing History
IRS 990 filing history for Steamfitters Welfare Fund Local Union No 475 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Steamfitters Welfare Fund Local Union No 475's revenue has grown by 90.9%, moving from $10.3M to $19.6M. Total assets increased by 262.8% over the same period, from $13.7M to $49.5M. Total functional expenses rose by 19.2%, from $12.5M to $14.9M. In its most recent filing year (2023), Steamfitters Welfare Fund Local Union No 475 reported a surplus of $4.7M, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $49.5M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $48.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $19.6M | $14.9M | $49.5M | $1.0M | — | — |
| 2022 | $16.1M | $13.8M | $43.8M | $631K | — | View 990 |
| 2021 | $18.7M | $12.7M | $43.8M | $746K | — | View 990 |
| 2020 | $18.0M | $12.6M | $37.7M | $621K | — | View 990 |
| 2019 | $18.0M | $14.3M | $32.2M | $981K | — | — |
| 2018 | $16.5M | $13.2M | $27.3M | $694K | — | View 990 |
| 2017 | $18.3M | $11.9M | $24.6M | $770K | — | View 990 |
| 2016 | $14.5M | $11.3M | $18.2M | $689K | — | View 990 |
| 2015 | $13.6M | $11.2M | $15.5M | $1.1M | — | View 990 |
| 2014 | $15.5M | $14.1M | $14.6M | $2.3M | — | View 990 |
| 2013 | $12.6M | $13.5M | $13.0M | $2.2M | — | View 990 |
| 2012 | $12.3M | $12.9M | $13.3M | $1.2M | — | View 990 |
| 2011 | $10.3M | $12.5M | $13.7M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.6M, expenses of $14.9M, and assets of $49.5M (revenue +21.7% year-over-year).
- 2022: Revenue of $16.1M, expenses of $13.8M, and assets of $43.8M (revenue -14.0% year-over-year).
- 2021: Revenue of $18.7M, expenses of $12.7M, and assets of $43.8M (revenue +3.7% year-over-year).
- 2020: Revenue of $18.0M, expenses of $12.6M, and assets of $37.7M (revenue +-0.0% year-over-year).
- 2019: Revenue of $18.0M, expenses of $14.3M, and assets of $32.2M (revenue +9.2% year-over-year).
- 2018: Revenue of $16.5M, expenses of $13.2M, and assets of $27.3M (revenue -9.5% year-over-year).
- 2017: Revenue of $18.3M, expenses of $11.9M, and assets of $24.6M (revenue +25.8% year-over-year).
- 2016: Revenue of $14.5M, expenses of $11.3M, and assets of $18.2M (revenue +6.7% year-over-year).
- 2015: Revenue of $13.6M, expenses of $11.2M, and assets of $15.5M (revenue -12.3% year-over-year).
- 2014: Revenue of $15.5M, expenses of $14.1M, and assets of $14.6M (revenue +23.0% year-over-year).
- 2013: Revenue of $12.6M, expenses of $13.5M, and assets of $13.0M (revenue +2.6% year-over-year).
- 2012: Revenue of $12.3M, expenses of $12.9M, and assets of $13.3M (revenue +19.8% year-over-year).
- 2011: Revenue of $10.3M, expenses of $12.5M, and assets of $13.7M.
Data Sources and Methodology
This transparency report for Steamfitters Welfare Fund Local Union No 475 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.