U A Plumbers And Steamfitters Local 22 Health Fund

U A Plumbers And Steamfitters Local 22 Health Fund consistently grows assets and maintains high program spending with no reported officer compensation.

EIN: 161561710 · West Seneca, NY · NTEE: Y430 · Updated: 2026-03-28

$22.2MRevenue

$29.5MAssets

95/100Mission Score (Excellent)

Y430

About U A Plumbers And Steamfitters Local 22 Health Fund

U A Plumbers And Steamfitters Local 22 Health Fund (EIN: 161561710) is a nonprofit organization based in West Seneca, NY, classified under NTEE code Y430. The organization reported total revenue of $22.2M and total assets of $29.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of U A Plumbers And Steamfitters Local 22 Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

U A Plumbers And Steamfitters Local 22 Health Fund demonstrates consistent financial growth and strong program spending, typical for an employee benefit fund. In the latest filing (Period 202404), the organization reported revenue of $19,740,589 against expenses of $16,005,502, indicating a healthy surplus. Its assets have steadily increased, reaching $25,573,786 in 2024, up from $13,337,180 in 2015, showing robust financial management and accumulation of reserves. The organization's primary function, as a health fund, inherently focuses on direct benefits to members, which aligns with high program spending.

The fund's spending efficiency is excellent, with virtually all expenses directed towards its core mission of providing health benefits. The absence of reported officer compensation across all filings suggests that administrative costs are minimal and likely absorbed within broader operational expenses, or that officers are compensated through other means not reported on the 990 as direct compensation from this specific fund. This structure contributes to a very high program spending ratio, which is a positive indicator for beneficiaries.

Transparency is generally good through its consistent IRS 990 filings. The detailed financial figures provided over more than a decade allow for clear trend analysis. The lack of reported officer compensation, while efficient, could raise questions about how leadership is compensated if not directly by the fund, though for a health fund, this often means compensation is handled by the union or related entities. Overall, the fund appears financially sound and highly efficient in its primary purpose.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates U A Plumbers And Steamfitters Local 22 Health Fund with a Mission Score of 95 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: 1%
programs: 99%
fundraising: 0%

According to IRS 990 filings, U A Plumbers And Steamfitters Local 22 Health Fund allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive compensation is either non-existent, covered by a related entity, or not reported in a manner that appears on the 990 as direct compensation from this fund. This suggests extremely low administrative overhead related to leadership salaries for this specific entity.

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 U A Plumbers And Steamfitters Local 22 Health Fund:

Consistent asset growth: Assets increased from $13.3M in 2015 to $25.5M in 2024, demonstrating strong financial management.
High program spending: As a health fund, nearly all expenses are directed towards member benefits, indicating high efficiency.
No reported officer compensation: This suggests extremely low administrative overhead related to leadership salaries for this specific entity.
Consistent revenue generation: The fund consistently generates substantial revenue, with the latest filing showing $19.7M.
Healthy surplus: The organization consistently reports more revenue than expenses, contributing to its financial stability and asset growth.

Frequently Asked Questions about U A Plumbers And Steamfitters Local 22 Health Fund

Is U A Plumbers And Steamfitters Local 22 Health Fund financially stable?

Yes, the fund is financially stable. Its assets have grown consistently from $13,337,180 in 2015 to $25,573,786 in 2024, and it consistently reports a surplus of revenue over expenses, such as $19,740,589 in revenue against $16,005,502 in expenses in the latest filing.

How much of its spending goes to programs?

Virtually all of its spending goes to programs. As a health fund, its expenses are almost entirely direct benefits to members. The absence of reported officer compensation and fundraising expenses indicates a very high program spending ratio, estimated at 99%.

Does the organization pay its officers?

Based on the IRS 990 filings, the organization reports 0% officer compensation for all available periods. This suggests that officers are either not compensated by this specific fund, or their compensation is handled and reported by a related entity.

Filing History

IRS 990 filing history for U A Plumbers And Steamfitters Local 22 Health Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), U A Plumbers And Steamfitters Local 22 Health Fund's revenue has grown by 42.8%, moving from $13.8M to $19.7M. Total assets increased by 103% over the same period, from $12.6M to $25.6M. Total functional expenses rose by 20%, from $13.3M to $16.0M. In its most recent filing year (2024), U A Plumbers And Steamfitters Local 22 Health Fund reported a surplus of $3.7M, with revenue exceeding expenses. The organization holds $466K in liabilities against $25.6M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $25.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$19.7M	$16.0M	$25.6M	$466K	—	View 990
2023	$16.7M	$16.2M	$21.7M	$442K	—	View 990
2022	$18.0M	$16.2M	$21.3M	$42K	—	View 990
2021	$15.8M	$14.1M	$21.3M	$85K	—	—
2020	$15.7M	$14.7M	$17.4M	$27K	—	View 990
2019	$16.0M	$15.7M	$16.7M	$30K	—	View 990
2018	$15.6M	$15.5M	$16.3M	$111K	—	View 990
2017	$15.2M	$15.0M	$16.1M	$2K	—	View 990
2016	$16.8M	$14.3M	$15.6M	$434K	—	View 990
2015	$14.8M	$14.0M	$13.3M	$8K	—	View 990
2014	$13.5M	$13.8M	$12.8M	$17K	—	View 990
2013	$14.5M	$13.9M	$13.6M	$127K	—	View 990
2012	$13.8M	$13.3M	$12.6M	$44K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $19.7M, expenses of $16.0M, and assets of $25.6M (revenue +18.4% year-over-year).
2023: Revenue of $16.7M, expenses of $16.2M, and assets of $21.7M (revenue -7.4% year-over-year).
2022: Revenue of $18.0M, expenses of $16.2M, and assets of $21.3M (revenue +13.9% year-over-year).
2021: Revenue of $15.8M, expenses of $14.1M, and assets of $21.3M (revenue +0.4% year-over-year).
2020: Revenue of $15.7M, expenses of $14.7M, and assets of $17.4M (revenue -1.8% year-over-year).
2019: Revenue of $16.0M, expenses of $15.7M, and assets of $16.7M (revenue +2.9% year-over-year).
2018: Revenue of $15.6M, expenses of $15.5M, and assets of $16.3M (revenue +2.3% year-over-year).
2017: Revenue of $15.2M, expenses of $15.0M, and assets of $16.1M (revenue -9.2% year-over-year).
2016: Revenue of $16.8M, expenses of $14.3M, and assets of $15.6M (revenue +13.6% year-over-year).
2015: Revenue of $14.8M, expenses of $14.0M, and assets of $13.3M (revenue +9.6% year-over-year).
2014: Revenue of $13.5M, expenses of $13.8M, and assets of $12.8M (revenue -7.3% year-over-year).
2013: Revenue of $14.5M, expenses of $13.9M, and assets of $13.6M (revenue +5.1% year-over-year).
2012: Revenue of $13.8M, expenses of $13.3M, and assets of $12.6M.

Data Sources and Methodology

This transparency report for U A Plumbers And Steamfitters Local 22 Health 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.