Ua Local 716 Health & Welfare Fund
Ua Local 716 Health & Welfare Fund consistently spends more than it earns, drawing down assets.
EIN: 16010506 · New York, NY · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.8M |
| Total Expenses | $7.1M |
| Program Spending | 90% |
| Net Assets | $3.7M |
| Transparency Score | 75/100 |
Is Ua Local 716 Health & Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ua Local 716 Health & Welfare Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ua Local 716 Health & Welfare Fund
Ua Local 716 Health & Welfare Fund (EIN: 16010506) is a nonprofit organization based in New York, NY, classified under NTEE code Y43. The organization reported total revenue of $11.8M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ua Local 716 Health & Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ua Local 716 Health & Welfare Fund is a large nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $7.1M |
| Surplus / Deficit | $-1,423,817 |
| Total Assets | $4.2M |
| Total Liabilities | $522K |
| Net Assets | $3.7M |
| Operating Margin | -25.0% |
| Debt-to-Asset Ratio | 12.4% |
| Months of Reserves | 7.1 months |
Financial Health Grade: B
In 2023, Ua Local 716 Health & Welfare Fund reported a deficit of $1.4M with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 12.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ua Local 716 Health & Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.3% | +34.6% | -15.8% |
| 2022 | -10.5% | +3.4% | -25.0% |
| 2021 | +21.8% | +6.6% | -1.3% |
| 2020 | -20.3% | -2.0% | -6.7% |
| 2019 | +24.8% | +8.9% | +11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Ua Local 716 Health & 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Ua Local 716 Health & Welfare Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid from the organization's funds. This is a highly positive indicator for a nonprofit of its size, suggesting all resources are directed towards its health and welfare programs.
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 Ua Local 716 Health & Welfare Fund's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in 7 of 10 filings)
- Declining asset base over recent years (from $7.25M in 2019 to $4.21M in 2023)
Strengths
The following positive indicators were identified for Ua Local 716 Health & Welfare Fund:
- Zero officer compensation reported across all filings, indicating high efficiency in executive pay
- Relatively low liabilities compared to assets, suggesting good debt management
- Focus on health and welfare programs (NTEE Y43) with likely high program spending
Frequently Asked Questions about Ua Local 716 Health & Welfare Fund
Is Ua Local 716 Health & Welfare Fund a legitimate charity?
Ua Local 716 Health & Welfare Fund (EIN: 16010506) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $11.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Ua Local 716 Health & Welfare Fund spend its money?
Ua Local 716 Health & Welfare Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Ua Local 716 Health & Welfare Fund tax-deductible?
Ua Local 716 Health & Welfare Fund is registered as a tax-exempt nonprofit (EIN: 16010506). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ua Local 716 Health & Welfare Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), Ua Local 716 Health & Welfare Fund is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ua Local 716 Health & Welfare Fund located?
Ua Local 716 Health & Welfare Fund is headquartered in New York, New York and files with the IRS under EIN 16010506. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Ua Local 716 Health & Welfare Fund have?
Ua Local 716 Health & Welfare Fund 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 $11.8M in total revenue.
Is Ua Local 716 Health & Welfare Fund financially sustainable given its recurring deficits?
The organization has reported expenses exceeding revenue in 7 out of the last 10 available filings, including the most recent period (202312) where expenses were $7,115,125 against revenue of $5,691,308. This consistent operational deficit, coupled with a decline in assets from $7,254,311 in 201912 to $4,215,559 in 202312, raises concerns about its long-term financial sustainability if current trends continue without significant revenue growth or expense reduction.
What is the primary source of the organization's revenue and how stable is it?
As a health and welfare fund (NTEE Code Y43), its revenue likely comes from employer contributions, member premiums, or investment income. The significant fluctuation in revenue, from a high of $9,450,798 in 201612 to $5,691,308 in 202312, suggests potential variability in its funding sources, which could contribute to its financial instability.
How does the organization manage its liabilities?
The organization's liabilities have generally been low in recent years, with $522,307 in 202312, which is a small fraction of its assets. This indicates effective management of its short-term obligations, despite the operational deficits.
Filing History
IRS 990 filing history for Ua Local 716 Health & Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ua Local 716 Health & Welfare Fund's revenue has grown by 86.5%, moving from $3.1M to $5.7M. Total assets decreased by 33.4% over the same period, from $6.3M to $4.2M. Total functional expenses rose by 167.9%, from $2.7M to $7.1M. In its most recent filing year (2023), Ua Local 716 Health & Welfare Fund reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $522K in liabilities against $4.2M in assets (debt-to-asset ratio: 12.4%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $7.1M | $4.2M | $522K | — | — |
| 2022 | $4.4M | $5.3M | $5.0M | $288K | — | View 990 |
| 2021 | $5.0M | $5.1M | $6.7M | $368K | — | View 990 |
| 2020 | $4.1M | $4.8M | $6.8M | $289K | — | View 990 |
| 2019 | $5.1M | $4.9M | $7.3M | $290K | — | — |
| 2018 | $4.1M | $4.5M | $6.5M | $342K | — | View 990 |
| 2017 | $4.3M | $3.6M | $6.9M | $148K | — | View 990 |
| 2016 | $9.5M | $3.9M | $6.0M | $184K | — | View 990 |
| 2015 | $3.1M | $3.8M | $6.8M | $6.3M | — | View 990 |
| 2014 | $3.0M | $3.1M | $7.0M | $5.6M | — | View 990 |
| 2013 | $2.7M | $2.7M | $6.2M | $4.9M | — | View 990 |
| 2012 | $2.8M | $2.9M | $6.2M | $5.1M | — | View 990 |
| 2011 | $3.1M | $2.7M | $6.3M | $5.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $7.1M, and assets of $4.2M (revenue +28.3% year-over-year).
- 2022: Revenue of $4.4M, expenses of $5.3M, and assets of $5.0M (revenue -10.5% year-over-year).
- 2021: Revenue of $5.0M, expenses of $5.1M, and assets of $6.7M (revenue +21.8% year-over-year).
- 2020: Revenue of $4.1M, expenses of $4.8M, and assets of $6.8M (revenue -20.3% year-over-year).
- 2019: Revenue of $5.1M, expenses of $4.9M, and assets of $7.3M (revenue +24.8% year-over-year).
- 2018: Revenue of $4.1M, expenses of $4.5M, and assets of $6.5M (revenue -4.0% year-over-year).
- 2017: Revenue of $4.3M, expenses of $3.6M, and assets of $6.9M (revenue -54.9% year-over-year).
- 2016: Revenue of $9.5M, expenses of $3.9M, and assets of $6.0M (revenue +201.4% year-over-year).
- 2015: Revenue of $3.1M, expenses of $3.8M, and assets of $6.8M (revenue +4.1% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.1M, and assets of $7.0M (revenue +11.1% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.7M, and assets of $6.2M (revenue -3.2% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.9M, and assets of $6.2M (revenue -8.2% year-over-year).
- 2011: Revenue of $3.1M, expenses of $2.7M, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ua Local 716 Health & Welfare Fund:
Data Sources and Methodology
This transparency report for Ua Local 716 Health & 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.