Tootsie Roll Industries Inc Welfare Plan Trust Ii
EIN: 363747374 · Chicago, IL
| Metric | Value |
|---|---|
| Total Revenue | $763K |
| Total Expenses | $5.1M |
| Net Assets | $19.1M |
Is Tootsie Roll Industries Inc Welfare Plan Trust Ii Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tootsie Roll Industries Inc Welfare Plan Trust Ii
Tootsie Roll Industries Inc Welfare Plan Trust Ii (EIN: 363747374) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $763K and total assets of $13.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tootsie Roll Industries Inc Welfare Plan Trust Ii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tootsie Roll Industries Inc Welfare Plan Trust Ii is a small nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 59.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.3M |
| Total Expenses | $5.1M |
| Surplus / Deficit | +$15.2M |
| Total Assets | $19.1M |
| Net Assets | $19.1M |
| Operating Margin | 75.0% |
| Months of Reserves | 45.1 months |
Financial Health Grade: A
In 2023, Tootsie Roll Industries Inc Welfare Plan Trust Ii reported a surplus of $15.2M with revenue exceeding expenses, holds 45.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Tootsie Roll Industries Inc Welfare Plan Trust Ii's revenue has grown at a compound annual growth rate (CAGR) of 59.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +306.8% | +0.1% | +396.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tootsie Roll Industries Inc Welfare Plan Trust Ii has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tootsie Roll Industries Inc Welfare Plan Trust Ii with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15.2M, with revenue exceeding expenses.
Frequently Asked Questions about Tootsie Roll Industries Inc Welfare Plan Trust Ii
Is Tootsie Roll Industries Inc Welfare Plan Trust Ii a legitimate charity?
Tootsie Roll Industries Inc Welfare Plan Trust Ii (EIN: 363747374) is a registered tax-exempt nonprofit based in Illinois. It has 14 years of IRS 990 filings on record. Total revenue: $763K. No red flags identified. Financial health grade: A.
How does Tootsie Roll Industries Inc Welfare Plan Trust Ii spend its money?
Tootsie Roll Industries Inc Welfare Plan Trust Ii reported $763K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tootsie Roll Industries Inc Welfare Plan Trust Ii tax-deductible?
Tootsie Roll Industries Inc Welfare Plan Trust Ii is registered as a tax-exempt nonprofit (EIN: 363747374). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tootsie Roll Industries Inc Welfare Plan Trust Ii located?
Tootsie Roll Industries Inc Welfare Plan Trust Ii is headquartered in Chicago, Illinois and files with the IRS under EIN 363747374.
How many years of IRS 990 filings does Tootsie Roll Industries Inc Welfare Plan Trust Ii have?
Tootsie Roll Industries Inc Welfare Plan Trust Ii has 14 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 $763K in total revenue.
Filing History
IRS 990 filing history for Tootsie Roll Industries Inc Welfare Plan Trust Ii showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Tootsie Roll Industries Inc Welfare Plan Trust Ii's revenue has grown by 42732.8%, moving from $47K to $20.3M. Total assets increased by 90.9% over the same period, from $10.0M to $19.1M. Total functional expenses rose by 88.2%, from $2.7M to $5.1M. In its most recent filing year (2023), Tootsie Roll Industries Inc Welfare Plan Trust Ii reported a surplus of $15.2M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.3M | $5.1M | $19.1M | $0 | — | — |
| 2022 | $5.0M | $5.1M | $3.8M | $0 | — | View 990 |
| 2021 | $0 | $4.3M | $3.9M | $0 | — | View 990 |
| 2020 | $0 | $3.8M | $8.3M | $0 | — | View 990 |
| 2019 | $0 | $3.8M | $12.1M | $0 | — | View 990 |
| 2018 | $0 | $3.8M | $15.9M | $0 | — | View 990 |
| 2017 | $20.0M | $3.3M | $19.7M | $0 | — | View 990 |
| 2016 | $0 | $3.7M | $3.0M | $0 | — | View 990 |
| 2015 | $0 | $4.1M | $6.7M | $0 | — | View 990 |
| 2014 | $1.0M | $4.1M | $10.8M | $0 | — | View 990 |
| 2013 | $15.6M | $3.9M | $14.0M | $0 | — | View 990 |
| 2012 | $8K | $4.1M | $2.3M | $0 | — | View 990 |
| 2011 | $9K | $3.6M | $6.4M | $0 | — | View 990 |
| 2010 | $47K | $2.7M | $10.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.3M, expenses of $5.1M, and assets of $19.1M (revenue +306.8% year-over-year).
- 2022: Revenue of $5.0M, expenses of $5.1M, and assets of $3.8M.
- 2021: Revenue of $0, expenses of $4.3M, and assets of $3.9M.
- 2020: Revenue of $0, expenses of $3.8M, and assets of $8.3M.
- 2019: Revenue of $0, expenses of $3.8M, and assets of $12.1M.
- 2018: Revenue of $0, expenses of $3.8M, and assets of $15.9M (revenue -100.0% year-over-year).
- 2017: Revenue of $20.0M, expenses of $3.3M, and assets of $19.7M.
- 2016: Revenue of $0, expenses of $3.7M, and assets of $3.0M.
- 2015: Revenue of $0, expenses of $4.1M, and assets of $6.7M (revenue -100.0% year-over-year).
- 2014: Revenue of $1.0M, expenses of $4.1M, and assets of $10.8M (revenue -93.6% year-over-year).
- 2013: Revenue of $15.6M, expenses of $3.9M, and assets of $14.0M (revenue +203042.1% year-over-year).
- 2012: Revenue of $8K, expenses of $4.1M, and assets of $2.3M (revenue -11.9% year-over-year).
- 2011: Revenue of $9K, expenses of $3.6M, and assets of $6.4M (revenue -81.7% year-over-year).
- 2010: Revenue of $47K, expenses of $2.7M, and assets of $10.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tootsie Roll Industries Inc Welfare Plan Trust Ii:
Data Sources and Methodology
This transparency report for Tootsie Roll Industries Inc Welfare Plan Trust Ii 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.