U A Local 716 Apprenticeship And Training Trust
Apprenticeship Trust maintains strong assets despite recent operating deficits and zero executive compensation.
EIN: 10462738 · Wallingford, CT · NTEE: B30 · Updated: 2026-03-26
Is U A Local 716 Apprenticeship And Training Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
U A Local 716 Apprenticeship And Training Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About U A Local 716 Apprenticeship And Training Trust
U A Local 716 Apprenticeship And Training Trust (EIN: 10462738) is a nonprofit organization based in Wallingford, CT, classified under NTEE code B30. The organization reported total revenue of $330K and total assets of $802K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of U A Local 716 Apprenticeship And Training Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
U A Local 716 Apprenticeship And Training Trust is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $306K |
| Total Expenses | $390K |
| Surplus / Deficit | $-84,586 |
| Total Assets | $876K |
| Total Liabilities | $8K |
| Net Assets | $868K |
| Operating Margin | -27.7% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 26.9 months |
Financial Health Grade: B
In 2023, U A Local 716 Apprenticeship And Training Trust reported a deficit of $85K with expenses exceeding revenue, holds 26.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), U A Local 716 Apprenticeship And Training Trust's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.3% | +14.5% | -19.6% |
| 2022 | -19.4% | +7.8% | -2.5% |
| 2021 | +41.2% | +3.7% | +2.6% |
| 2020 | -31.5% | -19.9% | +0.7% |
| 2019 | +10.4% | +31.6% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2010 |
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 U A Local 716 Apprenticeship And Training Trust 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, U A Local 716 Apprenticeship And Training Trust allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly efficient for an organization of its size with annual revenues around $300,000-$400,000.
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 U A Local 716 Apprenticeship And Training Trust's IRS 990 filings:
- Expenses exceeded revenue in the last two reported periods (2023 and 2022), indicating operating deficits.
Strengths
The following positive indicators were identified for U A Local 716 Apprenticeship And Training Trust:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive pay.
- Strong asset base relative to annual expenses, providing financial resilience (e.g., $875,745 assets in 2023 vs. $390,251 expenses).
- Significant reduction in liabilities over the past decade, from $211,730 in 2014 to $7,994 in 2023.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating good transparency.
Frequently Asked Questions about U A Local 716 Apprenticeship And Training Trust
Is U A Local 716 Apprenticeship And Training Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, U A Local 716 Apprenticeship And Training Trust (EIN: 10462738) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does U A Local 716 Apprenticeship And Training Trust spend its money?
U A Local 716 Apprenticeship And Training Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to U A Local 716 Apprenticeship And Training Trust tax-deductible?
U A Local 716 Apprenticeship And Training Trust is registered as a tax-exempt nonprofit (EIN: 10462738). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is U A Local 716 Apprenticeship And Training Trust financially stable?
Yes, despite recent operating deficits (e.g., $390,251 expenses vs. $305,665 revenue in 2023), the organization maintains a strong asset base ($875,745 in 2023) and low liabilities ($7,994 in 2023), indicating good financial stability.
How efficient is the organization's spending?
The organization appears highly efficient, with 0% officer compensation reported across all filings and a strong focus on program spending, suggesting most funds directly support its mission.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have fluctuated, with expenses exceeding revenue in recent years (e.g., 2023 and 2022). However, there was a surplus in 2021 ($400,536 revenue vs. $316,302 expenses), indicating variability rather than a consistent decline.
Are there any concerns about the organization's liabilities?
No, liabilities have significantly decreased over the past decade, from $211,730 in 2014 to $7,994 in 2023, which is a positive trend.
Filing History
IRS 990 filing history for U A Local 716 Apprenticeship And Training Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), U A Local 716 Apprenticeship And Training Trust's revenue has grown by 60.4%, moving from $191K to $306K. Total assets decreased by 8.4% over the same period, from $956K to $876K. Total functional expenses rose by 52.6%, from $256K to $390K. In its most recent filing year (2023), U A Local 716 Apprenticeship And Training Trust reported a deficit of $85K, with expenses exceeding revenue. The organization holds $8K in liabilities against $876K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $868K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $306K | $390K | $876K | $8K | — | — |
| 2022 | $323K | $341K | $1.1M | $137K | — | View 990 |
| 2021 | $401K | $316K | $1.1M | $146K | — | View 990 |
| 2020 | $284K | $305K | $1.1M | $202K | — | View 990 |
| 2019 | $414K | $381K | $1.1M | $173K | — | View 990 |
| 2018 | $375K | $289K | $1.0M | $175K | — | View 990 |
| 2017 | $272K | $226K | $972K | $183K | — | View 990 |
| 2016 | $209K | $207K | $938K | $193K | — | View 990 |
| 2015 | $293K | $220K | $953K | $210K | — | View 990 |
| 2014 | $187K | $145K | $881K | $212K | — | View 990 |
| 2013 | $142K | $194K | $853K | $226K | — | View 990 |
| 2012 | $159K | $184K | $903K | $224K | — | View 990 |
| 2011 | $191K | $256K | $956K | $253K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $306K, expenses of $390K, and assets of $876K (revenue -5.3% year-over-year).
- 2022: Revenue of $323K, expenses of $341K, and assets of $1.1M (revenue -19.4% year-over-year).
- 2021: Revenue of $401K, expenses of $316K, and assets of $1.1M (revenue +41.2% year-over-year).
- 2020: Revenue of $284K, expenses of $305K, and assets of $1.1M (revenue -31.5% year-over-year).
- 2019: Revenue of $414K, expenses of $381K, and assets of $1.1M (revenue +10.4% year-over-year).
- 2018: Revenue of $375K, expenses of $289K, and assets of $1.0M (revenue +38.1% year-over-year).
- 2017: Revenue of $272K, expenses of $226K, and assets of $972K (revenue +30.1% year-over-year).
- 2016: Revenue of $209K, expenses of $207K, and assets of $938K (revenue -28.9% year-over-year).
- 2015: Revenue of $293K, expenses of $220K, and assets of $953K (revenue +56.6% year-over-year).
- 2014: Revenue of $187K, expenses of $145K, and assets of $881K (revenue +31.8% year-over-year).
- 2013: Revenue of $142K, expenses of $194K, and assets of $853K (revenue -10.6% year-over-year).
- 2012: Revenue of $159K, expenses of $184K, and assets of $903K (revenue -16.6% year-over-year).
- 2011: Revenue of $191K, expenses of $256K, and assets of $956K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for U A Local 716 Apprenticeship And Training Trust:
Data Sources and Methodology
This transparency report for U A Local 716 Apprenticeship And Training Trust 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.