Trustees Local Union 400 Ibew Welfare Fund
Trustees Local Union 400 IBEW Welfare Fund: Stable Finances, High Program Spending
EIN: 222236617 · West Trenton, NJ · Updated: 2026-04-04
Is Trustees Local Union 400 Ibew Welfare Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trustees Local Union 400 Ibew Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trustees Local Union 400 Ibew Welfare Fund
Trustees Local Union 400 Ibew Welfare Fund (EIN: 222236617) is a nonprofit organization based in West Trenton, NJ. The organization reported total revenue of $17.7M and total assets of $16.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trustees Local Union 400 Ibew Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trustees Local Union 400 Ibew Welfare Fund is a large nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.6M |
| Total Expenses | $15.1M |
| Surplus / Deficit | +$442K |
| Total Assets | $12.3M |
| Total Liabilities | $1.7M |
| Net Assets | $10.7M |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 13.5% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2023, Trustees Local Union 400 Ibew Welfare Fund reported a surplus of $442K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 13.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Trustees Local Union 400 Ibew Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.9% | -0.3% | +34.2% |
| 2022 | +17.5% | +13.4% | -11.7% |
| 2021 | -9.6% | -1.4% | -9.1% |
| 2020 | +4.5% | +3.3% | -0.6% |
| 2019 | +5.1% | +8.5% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Trustees Local Union 400 Ibew Welfare Fund 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Trustees Local Union 400 Ibew Welfare 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $442K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.5%.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided summary data, preventing a specific assessment of individual salaries.
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 Trustees Local Union 400 Ibew Welfare Fund:
- Consistently high percentage of spending on programs (implied by low administrative and fundraising costs).
- Stable revenue and expenditure trends over multiple years.
- Healthy asset growth, indicating financial stability and capacity.
Frequently Asked Questions about Trustees Local Union 400 Ibew Welfare Fund
Is Trustees Local Union 400 Ibew Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Trustees Local Union 400 Ibew Welfare Fund (EIN: 222236617) appears legitimate. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
How does Trustees Local Union 400 Ibew Welfare Fund spend its money?
Trustees Local Union 400 Ibew Welfare Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trustees Local Union 400 Ibew Welfare Fund tax-deductible?
Trustees Local Union 400 Ibew Welfare Fund is registered as a tax-exempt nonprofit (EIN: 222236617). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Trustees Local Union 400 Ibew Welfare Fund do?
Trustees Local Union 400 Ibew Welfare Fund is a nonprofit organization in the Unknown sector, located in West Trenton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Trustees Local Union 400 Ibew Welfare Fund have?
Trustees Local Union 400 Ibew Welfare Fund reported total revenue of $17,695,722. Based on 13 IRS 990 filings on record.
What are Trustees Local Union 400 Ibew Welfare Fund's total assets?
Trustees Local Union 400 Ibew Welfare Fund holds total assets of $16,430,012 as reported in IRS 990 filings.
Where is Trustees Local Union 400 Ibew Welfare Fund located?
Trustees Local Union 400 Ibew Welfare Fund is based in West Trenton, New Jersey.
What is Trustees Local Union 400 Ibew Welfare Fund's EIN?
Trustees Local Union 400 Ibew Welfare Fund's Employer Identification Number (EIN) is 222236617. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Trustees Local Union 400 Ibew Welfare Fund?
Trustees Local Union 400 Ibew Welfare Fund is classified under NTEE code Unknown (Unknown).
Is Trustees Local Union 400 Ibew Welfare Fund a registered 501(c)(3)?
Trustees Local Union 400 Ibew Welfare Fund appears in IRS records (EIN: 222236617). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Trustees Local Union 400 Ibew Welfare Fund file IRS Form 990?
Yes, Trustees Local Union 400 Ibew Welfare Fund has 13 IRS Form 990 filings on record. The most recent covers tax period 202303.
What was Trustees Local Union 400 Ibew Welfare Fund's revenue in 2023?
In the 202303 filing period, Trustees Local Union 400 Ibew Welfare Fund reported total revenue of $15,563,283, total expenses of $15,120,977, and net assets of $12,337,395.
Is Trustees Local Union 400 Ibew Welfare Fund's revenue growing or declining?
Trustees Local Union 400 Ibew Welfare Fund's revenue is growing. Revenue went from $14,285,033 (202203) to $15,563,283 (202303), a +8.9% change. Based on 13 filings on record.
What is Trustees Local Union 400 Ibew Welfare Fund's most recent 990 filing?
The most recent IRS Form 990 filing for Trustees Local Union 400 Ibew Welfare Fund covers tax period 202303. It shows revenue of $15,563,283, expenses of $15,120,977, total assets of $12,337,395, and liabilities of $1,664,617.
How much does Trustees Local Union 400 Ibew Welfare Fund spend on programs vs administration?
Based on IRS 990 analysis, Trustees Local Union 400 Ibew Welfare Fund allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Trustees Local Union 400 Ibew Welfare Fund a trustworthy charity?
Based on AI analysis of IRS 990 data, Trustees Local Union 400 Ibew Welfare Fund appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Trustees Local Union 400 Ibew Welfare Fund's strengths?
Positive indicators for Trustees Local Union 400 Ibew Welfare Fund include: Consistently high percentage of spending on programs (implied by low administrative and fundraising costs).. Stable revenue and expenditure trends over multiple years.. Healthy asset growth, indicating financial stability and capacity.. These findings are derived from AI analysis of the organization's financial filings.
How does Trustees Local Union 400 Ibew Welfare Fund compensate executives?
Executive compensation information is not explicitly detailed in the provided summary data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% reported fundraising costs, what are the primary revenue streams supporting the welfare fund's operations?
The 0% fundraising cost suggests that the fund primarily relies on non-fundraising revenue, likely contributions from employers, union members, or investment income, rather than public solicitations.
Filing History
IRS 990 filing history for Trustees Local Union 400 Ibew Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Trustees Local Union 400 Ibew Welfare Fund's revenue has grown by 42.7%, moving from $10.9M to $15.6M. Total assets increased by 151.2% over the same period, from $4.9M to $12.3M. Total functional expenses rose by 33.5%, from $11.3M to $15.1M. In its most recent filing year (2023), Trustees Local Union 400 Ibew Welfare Fund reported a surplus of $442K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $12.3M in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $10.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.6M | $15.1M | $12.3M | $1.7M | — | View 990 |
| 2022 | $14.3M | $15.2M | $9.2M | $1.5M | — | View 990 |
| 2021 | $12.2M | $13.4M | $10.4M | $1.4M | — | — |
| 2020 | $13.4M | $13.6M | $11.5M | $1.3M | — | — |
| 2019 | $12.9M | $13.1M | $11.5M | $1.6M | — | View 990 |
| 2018 | $12.2M | $12.1M | $11.5M | $1.4M | — | View 990 |
| 2017 | $12.7M | $12.7M | $11.6M | $1.5M | — | View 990 |
| 2016 | $12.3M | $11.3M | $11.4M | $988K | — | View 990 |
| 2015 | $10.7M | $11.3M | $10.5M | $1.1M | — | View 990 |
| 2014 | $10.9M | $9.9M | $11.0M | $1.1M | — | View 990 |
| 2013 | $11.6M | $9.4M | $10.2M | $1.0M | — | View 990 |
| 2012 | $11.5M | $8.7M | $7.8M | $967K | — | View 990 |
| 2011 | $10.9M | $11.3M | $4.9M | $910K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.6M, expenses of $15.1M, and assets of $12.3M (revenue +8.9% year-over-year).
- 2022: Revenue of $14.3M, expenses of $15.2M, and assets of $9.2M (revenue +17.5% year-over-year).
- 2021: Revenue of $12.2M, expenses of $13.4M, and assets of $10.4M (revenue -9.6% year-over-year).
- 2020: Revenue of $13.4M, expenses of $13.6M, and assets of $11.5M (revenue +4.5% year-over-year).
- 2019: Revenue of $12.9M, expenses of $13.1M, and assets of $11.5M (revenue +5.1% year-over-year).
- 2018: Revenue of $12.2M, expenses of $12.1M, and assets of $11.5M (revenue -3.4% year-over-year).
- 2017: Revenue of $12.7M, expenses of $12.7M, and assets of $11.6M (revenue +3.4% year-over-year).
- 2016: Revenue of $12.3M, expenses of $11.3M, and assets of $11.4M (revenue +14.0% year-over-year).
- 2015: Revenue of $10.7M, expenses of $11.3M, and assets of $10.5M (revenue -1.0% year-over-year).
- 2014: Revenue of $10.9M, expenses of $9.9M, and assets of $11.0M (revenue -6.4% year-over-year).
- 2013: Revenue of $11.6M, expenses of $9.4M, and assets of $10.2M (revenue +0.8% year-over-year).
- 2012: Revenue of $11.5M, expenses of $8.7M, and assets of $7.8M (revenue +5.6% year-over-year).
- 2011: Revenue of $10.9M, expenses of $11.3M, and assets of $4.9M.
Data Sources and Methodology
This transparency report for Trustees Local Union 400 Ibew 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.