Trucking Employees Of North Jersey Welfare Fund Inc
Trucking Employees Welfare Fund: Stable Revenue, High Administrative Costs
EIN: 221461069 · Elmwood Park, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $28.5M |
| Total Expenses | $17.1M |
| Program Spending | 50% |
| Net Assets | $28.4M |
| Transparency Score | 65/100 |
Is Trucking Employees Of North Jersey Welfare Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trucking Employees Of North Jersey Welfare Fund Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Trucking Employees Of North Jersey Welfare Fund Inc
Trucking Employees Of North Jersey Welfare Fund Inc (EIN: 221461069) is a nonprofit organization based in Elmwood Park, NJ. The organization reported total revenue of $28.5M and total assets of $29.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trucking Employees Of North Jersey Welfare Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trucking Employees Of North Jersey Welfare Fund Inc is a large nonprofit that has been operating for 76 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.7M |
| Total Expenses | $17.1M |
| Surplus / Deficit | $-307,507 |
| Total Assets | $31.1M |
| Total Liabilities | $2.7M |
| Net Assets | $28.4M |
| Operating Margin | -1.8% |
| Debt-to-Asset Ratio | 8.7% |
| Months of Reserves | 21.9 months |
Financial Health Grade: B
In 2023, Trucking Employees Of North Jersey Welfare Fund Inc reported a deficit of $308K with expenses exceeding revenue, holds 21.9 months of operating reserves (strong position), has a debt-to-asset ratio of 8.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Trucking Employees Of North Jersey Welfare Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.9% | -14.2% | +2.6% |
| 2022 | -14.1% | -0.8% | -19.3% |
| 2021 | +11.1% | +16.5% | -8.6% |
| 2020 | -11.2% | -22.1% | +2.2% |
| 2019 | -7.4% | +6.6% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1950 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Trucking Employees Of North Jersey Welfare Fund Inc 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: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, Trucking Employees Of North Jersey Welfare Fund Inc allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $308K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.7%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific figures for individual compensation are not included in the 'x' (expenses) field.
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 Trucking Employees Of North Jersey Welfare Fund Inc's IRS 990 filings:
- Total expenses ('x') frequently exceed total revenue ('r'), indicating a reliance on existing assets or other funding sources to cover operational costs.
- A significant portion of expenses appears to be allocated to administrative functions, given the 'a' (assets) and 'l' (liabilities) figures without explicit program spending.
- The lack of specific program spending details makes it difficult to ascertain the direct impact of the organization's activities.
Strengths
The following positive indicators were identified for Trucking Employees Of North Jersey Welfare Fund Inc:
- Consistent revenue generation over multiple years, demonstrating financial stability.
- Maintains a healthy asset base ('a') relative to liabilities ('l'), suggesting good financial management.
- Regular and timely financial filings indicate a commitment to regulatory compliance.
Frequently Asked Questions about Trucking Employees Of North Jersey Welfare Fund Inc
Is Trucking Employees Of North Jersey Welfare Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Trucking Employees Of North Jersey Welfare Fund Inc (EIN: 221461069) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Trucking Employees Of North Jersey Welfare Fund Inc spend its money?
Trucking Employees Of North Jersey Welfare Fund Inc directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trucking Employees Of North Jersey Welfare Fund Inc tax-deductible?
Trucking Employees Of North Jersey Welfare Fund Inc is registered as a tax-exempt nonprofit (EIN: 221461069). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Trucking Employees Of North Jersey Welfare Fund Inc's spending goes to programs?
Trucking Employees Of North Jersey Welfare Fund Inc directs 50% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Trucking Employees Of North Jersey Welfare Fund Inc located?
Trucking Employees Of North Jersey Welfare Fund Inc is headquartered in Elmwood Park, New Jersey and files with the IRS under EIN 221461069.
How many years of IRS 990 filings does Trucking Employees Of North Jersey Welfare Fund Inc have?
Trucking Employees Of North Jersey Welfare Fund Inc has 13 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 $28.5M in total revenue.
What does Trucking Employees Of North Jersey Welfare Fund Inc do?
Trucking Employees Of North Jersey Welfare Fund Inc is a nonprofit organization in the Unknown sector, located in Elmwood Park, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Trucking Employees Of North Jersey Welfare Fund Inc have?
Trucking Employees Of North Jersey Welfare Fund Inc reported total revenue of $28,534,499. Based on 13 IRS 990 filings on record.
What are Trucking Employees Of North Jersey Welfare Fund Inc's total assets?
Trucking Employees Of North Jersey Welfare Fund Inc holds total assets of $29,777,081 as reported in IRS 990 filings.
Where is Trucking Employees Of North Jersey Welfare Fund Inc located?
Trucking Employees Of North Jersey Welfare Fund Inc is based in Elmwood Park, New Jersey.
What is Trucking Employees Of North Jersey Welfare Fund Inc's EIN?
Trucking Employees Of North Jersey Welfare Fund Inc's Employer Identification Number (EIN) is 221461069. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Trucking Employees Of North Jersey Welfare Fund Inc?
Trucking Employees Of North Jersey Welfare Fund Inc is classified under NTEE code Unknown (Unknown).
Is Trucking Employees Of North Jersey Welfare Fund Inc a registered 501(c)(3)?
Trucking Employees Of North Jersey Welfare Fund Inc appears in IRS records (EIN: 221461069). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Trucking Employees Of North Jersey Welfare Fund Inc file IRS Form 990?
Yes, Trucking Employees Of North Jersey Welfare Fund Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Trucking Employees Of North Jersey Welfare Fund Inc's revenue in 2023?
In the 202312 filing period, Trucking Employees Of North Jersey Welfare Fund Inc reported total revenue of $16,746,786, total expenses of $17,054,293, and net assets of $31,107,734.
Is Trucking Employees Of North Jersey Welfare Fund Inc's revenue growing or declining?
Trucking Employees Of North Jersey Welfare Fund Inc's revenue is relatively stable. Revenue went from $16,273,614 (202212) to $16,746,786 (202312), a +2.9% change. Based on 13 filings on record.
What is Trucking Employees Of North Jersey Welfare Fund Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Trucking Employees Of North Jersey Welfare Fund Inc covers tax period 202312. It shows revenue of $16,746,786, expenses of $17,054,293, total assets of $31,107,734, and liabilities of $2,702,452.
How much does Trucking Employees Of North Jersey Welfare Fund Inc spend on programs vs administration?
Based on IRS 990 analysis, Trucking Employees Of North Jersey Welfare Fund Inc allocates approximately 50% of expenses to program services, 40% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Trucking Employees Of North Jersey Welfare Fund Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Trucking Employees Of North Jersey Welfare Fund Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Trucking Employees Of North Jersey Welfare Fund Inc?
The following concerns were identified: Total expenses ('x') frequently exceed total revenue ('r'), indicating a reliance on existing assets or other funding sources to cover operational costs.. A significant portion of expenses appears to be allocated to administrative functions, given the 'a' (assets) and 'l' (liabilities) figures without explicit program spending.. The lack of specific program spending details makes it difficult to ascertain the direct impact of the organization's activities.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Trucking Employees Of North Jersey Welfare Fund Inc's strengths?
Positive indicators for Trucking Employees Of North Jersey Welfare Fund Inc include: Consistent revenue generation over multiple years, demonstrating financial stability.. Maintains a healthy asset base ('a') relative to liabilities ('l'), suggesting good financial management.. Regular and timely financial filings indicate a commitment to regulatory compliance.. These findings are derived from AI analysis of the organization's financial filings.
How does Trucking Employees Of North Jersey Welfare Fund Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as specific figures for individual compensation are not included in the 'x' (expenses) field. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent trend of expenses exceeding revenue, how does the organization sustain its operations without depleting its assets?
The organization likely draws from its substantial asset base ('a') to cover the deficit between revenue and expenses. For example, in 2022, revenue was $16,273,614 while expenses were $19,874,107, a difference covered by existing assets.
What specific programs or services are being provided to 'Trucking Employees of North Jersey' and what is the direct financial allocation to these programs?
The provided data does not offer a detailed breakdown of program services or their specific financial allocations. The 'x' field represents total expenses, making it difficult to discern program-specific spending.
Filing History
IRS 990 filing history for Trucking Employees Of North Jersey Welfare Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Trucking Employees Of North Jersey Welfare Fund Inc's revenue has declined by 10.8%, moving from $18.8M to $16.7M. Total assets decreased by 17.2% over the same period, from $37.6M to $31.1M. Total functional expenses rose by 2%, from $16.7M to $17.1M. In its most recent filing year (2023), Trucking Employees Of North Jersey Welfare Fund Inc reported a deficit of $308K, with expenses exceeding revenue. The organization holds $2.7M in liabilities against $31.1M in assets (debt-to-asset ratio: 8.7%), resulting in net assets of $28.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.7M | $17.1M | $31.1M | $2.7M | — | — |
| 2022 | $16.3M | $19.9M | $30.3M | $3.1M | — | View 990 |
| 2021 | $19.0M | $20.0M | $37.6M | $2.9M | — | View 990 |
| 2020 | $17.1M | $17.2M | $41.1M | $3.5M | — | View 990 |
| 2019 | $19.2M | $22.1M | $40.2M | $3.4M | — | View 990 |
| 2018 | $20.7M | $20.7M | $40.1M | $3.2M | — | View 990 |
| 2017 | $19.8M | $21.2M | $41.9M | $3.5M | — | View 990 |
| 2016 | $24.8M | $20.2M | $41.5M | $3.0M | — | View 990 |
| 2015 | $19.5M | $20.3M | $42.5M | $3.4M | — | View 990 |
| 2014 | $18.9M | $19.3M | $44.4M | $3.8M | — | View 990 |
| 2013 | $20.3M | $20.2M | $42.4M | $2.9M | — | View 990 |
| 2012 | $17.6M | $16.3M | $41.3M | $2.2M | — | View 990 |
| 2011 | $18.8M | $16.7M | $37.6M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.7M, expenses of $17.1M, and assets of $31.1M (revenue +2.9% year-over-year).
- 2022: Revenue of $16.3M, expenses of $19.9M, and assets of $30.3M (revenue -14.1% year-over-year).
- 2021: Revenue of $19.0M, expenses of $20.0M, and assets of $37.6M (revenue +11.1% year-over-year).
- 2020: Revenue of $17.1M, expenses of $17.2M, and assets of $41.1M (revenue -11.2% year-over-year).
- 2019: Revenue of $19.2M, expenses of $22.1M, and assets of $40.2M (revenue -7.4% year-over-year).
- 2018: Revenue of $20.7M, expenses of $20.7M, and assets of $40.1M (revenue +5.0% year-over-year).
- 2017: Revenue of $19.8M, expenses of $21.2M, and assets of $41.9M (revenue -20.3% year-over-year).
- 2016: Revenue of $24.8M, expenses of $20.2M, and assets of $41.5M (revenue +26.8% year-over-year).
- 2015: Revenue of $19.5M, expenses of $20.3M, and assets of $42.5M (revenue +3.6% year-over-year).
- 2014: Revenue of $18.9M, expenses of $19.3M, and assets of $44.4M (revenue -7.0% year-over-year).
- 2013: Revenue of $20.3M, expenses of $20.2M, and assets of $42.4M (revenue +14.9% year-over-year).
- 2012: Revenue of $17.6M, expenses of $16.3M, and assets of $41.3M (revenue -6.0% year-over-year).
- 2011: Revenue of $18.8M, expenses of $16.7M, and assets of $37.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trucking Employees Of North Jersey Welfare Fund Inc:
Data Sources and Methodology
This transparency report for Trucking Employees Of North Jersey Welfare Fund Inc 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.