Theatrical Teamsters Local 817 Welfare Fund
Theatrical Teamsters Local 817 Welfare Fund reports significant 2023 deficit despite strong asset base.
EIN: 136210566 · Great Neck, NY · Updated: 2026-03-28
Is Theatrical Teamsters Local 817 Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Theatrical Teamsters Local 817 Welfare Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Theatrical Teamsters Local 817 Welfare Fund
Theatrical Teamsters Local 817 Welfare Fund (EIN: 136210566) is a nonprofit organization based in Great Neck, NY. The organization reported total revenue of $77.2M and total assets of $98.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theatrical Teamsters Local 817 Welfare 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 Theatrical Teamsters Local 817 Welfare 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Theatrical Teamsters Local 817 Welfare Fund 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no compensation is paid to officers, which is highly unusual for an organization of this size with assets nearing $100 million.
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 Theatrical Teamsters Local 817 Welfare Fund's IRS 990 filings:
- Significant operational deficit in 2023 ($29.7 million) where expenses ($58,261,216) far exceeded revenue ($28,567,402).
- Unusually low and consistently 0% reported officer compensation for an organization of this financial scale, which may obscure actual leadership compensation structures.
Strengths
The following positive indicators were identified for Theatrical Teamsters Local 817 Welfare Fund:
- Strong and consistent asset base, with assets generally exceeding $70 million, providing financial stability.
- Low liabilities relative to assets, indicating a healthy balance sheet.
- Consistent history of IRS 990 filings, demonstrating a commitment to transparency in reporting.
- Primary spending appears to be on its core purpose (benefits), as indicated by high overall expenses relative to administrative overhead.
Frequently Asked Questions about Theatrical Teamsters Local 817 Welfare Fund
Is Theatrical Teamsters Local 817 Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Theatrical Teamsters Local 817 Welfare Fund (EIN: 136210566) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Theatrical Teamsters Local 817 Welfare Fund spend its money?
Theatrical Teamsters Local 817 Welfare Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Theatrical Teamsters Local 817 Welfare Fund tax-deductible?
Theatrical Teamsters Local 817 Welfare Fund is registered as a tax-exempt nonprofit (EIN: 136210566). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in expenses in 2023, leading to a $29.7 million deficit?
The 2023 filing shows expenses of $58,261,216 against revenue of $28,567,402. This substantial increase in expenses compared to previous years (e.g., $46,746,323 in 2022) requires further investigation into the specific nature of these expenditures, likely related to increased benefit payouts or administrative costs.
How does the organization manage its liabilities, which have fluctuated significantly?
Liabilities have varied, from $6,067,947 in 2023 to $159,309 in 2018. While generally low relative to assets, understanding the nature of these liabilities and the strategy for managing their fluctuations is important for long-term financial stability.
Given the 0% officer compensation, how are the organization's leadership and management compensated?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization managing nearly $100 million in assets. It suggests that key leadership roles might be compensated through other means not categorized as 'officer compensation' or are entirely volunteer-based, which warrants clarification for full transparency.
Filing History
IRS 990 filing history for Theatrical Teamsters Local 817 Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Theatrical Teamsters Local 817 Welfare Fund's revenue has grown by 43.1%, moving from $20.0M to $28.6M. Total assets increased by 39.8% over the same period, from $53.5M to $74.8M. Total functional expenses rose by 288%, from $15.0M to $58.3M. In its most recent filing year (2023), Theatrical Teamsters Local 817 Welfare Fund reported a deficit of $29.7M, with expenses exceeding revenue. The organization holds $6.1M in liabilities against $74.8M in assets (debt-to-asset ratio: 8.1%), resulting in net assets of $68.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $28.6M | $58.3M | $74.8M | $6.1M | — | — |
| 2022 | $52.1M | $46.7M | $97.0M | $4.8M | — | View 990 |
| 2021 | $48.2M | $40.9M | $104.4M | $4.2M | — | View 990 |
| 2020 | $26.2M | $44.1M | $89.7M | $4.1M | — | View 990 |
| 2019 | $46.5M | $38.5M | $104.6M | $3.3M | — | — |
| 2018 | $37.0M | $28.6M | $86.2M | $159K | — | View 990 |
| 2017 | $32.3M | $30.9M | $82.5M | $157K | — | View 990 |
| 2016 | $29.3M | $28.1M | $76.3M | $145K | — | View 990 |
| 2015 | $29.7M | $24.1M | $75.6M | $133K | — | View 990 |
| 2014 | $26.2M | $22.4M | $73.4M | $235K | — | View 990 |
| 2013 | $23.2M | $16.5M | $68.4M | $220K | — | View 990 |
| 2012 | $20.5M | $15.1M | $58.9M | $141K | — | View 990 |
| 2011 | $20.0M | $15.0M | $53.5M | $105K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.6M, expenses of $58.3M, and assets of $74.8M (revenue -45.2% year-over-year).
- 2022: Revenue of $52.1M, expenses of $46.7M, and assets of $97.0M (revenue +8.1% year-over-year).
- 2021: Revenue of $48.2M, expenses of $40.9M, and assets of $104.4M (revenue +84.3% year-over-year).
- 2020: Revenue of $26.2M, expenses of $44.1M, and assets of $89.7M (revenue -43.7% year-over-year).
- 2019: Revenue of $46.5M, expenses of $38.5M, and assets of $104.6M (revenue +25.8% year-over-year).
- 2018: Revenue of $37.0M, expenses of $28.6M, and assets of $86.2M (revenue +14.4% year-over-year).
- 2017: Revenue of $32.3M, expenses of $30.9M, and assets of $82.5M (revenue +10.4% year-over-year).
- 2016: Revenue of $29.3M, expenses of $28.1M, and assets of $76.3M (revenue -1.6% year-over-year).
- 2015: Revenue of $29.7M, expenses of $24.1M, and assets of $75.6M (revenue +13.5% year-over-year).
- 2014: Revenue of $26.2M, expenses of $22.4M, and assets of $73.4M (revenue +12.9% year-over-year).
- 2013: Revenue of $23.2M, expenses of $16.5M, and assets of $68.4M (revenue +13.3% year-over-year).
- 2012: Revenue of $20.5M, expenses of $15.1M, and assets of $58.9M (revenue +2.7% year-over-year).
- 2011: Revenue of $20.0M, expenses of $15.0M, and assets of $53.5M.
Data Sources and Methodology
This transparency report for Theatrical Teamsters Local 817 Welfare 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.