Ufcw Local 2013 Health And Welfare Fund

Ufcw Local 2013 Health And Welfare Fund consistently grows assets with zero reported officer compensation.

EIN: 132832806 · Brooklyn, NY · NTEE: Y43 · Updated: 2026-03-28

$51.7MRevenue

$80.9MAssets

90/100Mission Score (Excellent)

Y43

About Ufcw Local 2013 Health And Welfare Fund

Ufcw Local 2013 Health And Welfare Fund (EIN: 132832806) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code Y43. The organization reported total revenue of $51.7M and total assets of $80.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ufcw Local 2013 Health And Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Ufcw Local 2013 Health And Welfare Fund demonstrates a strong and consistent financial position, primarily due to its nature as a health and welfare fund. Over the past eight years, the organization has consistently reported revenues exceeding expenses, leading to a significant growth in assets from $28.7 million in 2016 to $74.8 million in 2023. This indicates sound financial management and an ability to build reserves to meet future obligations. The fund's primary purpose is to provide health and welfare benefits, which inherently means a high proportion of its spending is directly on program services.

The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing a clear historical record of its financial activities. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests that executive compensation is not a significant drain on resources, or that the fund's structure does not involve traditional 'officer' compensation as reported on the 990. This practice contributes positively to its perceived efficiency and dedication to its beneficiaries. The substantial growth in assets, particularly the jump from $61.9 million in 2022 to $74.8 million in 2023, alongside a revenue increase from $33.6 million to $40.6 million in the same period, further underscores its robust financial health and capacity to fulfill its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ufcw Local 2013 Health And Welfare Fund with a Mission Score of 90 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: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Ufcw Local 2013 Health And Welfare Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no compensation is paid to officers or key employees, or it is structured in a way not reported as such on the 990, which is highly favorable for a health and welfare fund.

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 Ufcw Local 2013 Health And Welfare Fund:

Consistent asset growth, from $28.7M in 2016 to $74.8M in 2023, indicating strong financial health.
Zero reported officer compensation across all filings, suggesting high efficiency and dedication of resources to beneficiaries.
Revenues consistently exceed expenses, demonstrating sound financial management and sustainability.
Low liabilities relative to assets, with liabilities at $3.3M against $74.8M in assets in 2023, indicating a strong balance sheet.
Clear and consistent IRS 990 filing history, enhancing transparency.

Frequently Asked Questions about Ufcw Local 2013 Health And Welfare Fund

Is Ufcw Local 2013 Health And Welfare Fund a good charity?

Based on its financial data, the fund appears to be very well-managed, consistently growing its assets and reporting 0% officer compensation. Its purpose as a health and welfare fund means its expenditures are directly tied to beneficiary services, indicating high program efficiency.

How has the organization's financial health changed over time?

The organization's financial health has significantly improved, with assets growing from $28.7 million in 2016 to $74.8 million in 2023, and revenues consistently exceeding expenses. This demonstrates strong financial stewardship and sustainability.

What is the organization's approach to executive compensation?

The organization consistently reports 0% officer compensation in its IRS 990 filings, suggesting a highly efficient approach where executive pay does not consume organizational resources.

Filing History

IRS 990 filing history for Ufcw Local 2013 Health And Welfare Fund showing financial trends over 8 years of public records:

Over 8 years of IRS 990 filings (2016–2023), Ufcw Local 2013 Health And Welfare Fund's revenue has grown by 29.3%, moving from $31.4M to $40.6M. Total assets increased by 160.6% over the same period, from $28.7M to $74.8M. Total functional expenses rose by 18%, from $24.5M to $28.9M. In its most recent filing year (2023), Ufcw Local 2013 Health And Welfare Fund reported a surplus of $11.8M, with revenue exceeding expenses. The organization holds $3.4M in liabilities against $74.8M in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $71.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$40.6M	$28.9M	$74.8M	$3.4M	—	View 990
2022	$33.7M	$25.1M	$62.0M	$2.8M	—	View 990
2021	$33.4M	$29.1M	$55.7M	$3.2M	—	View 990
2020	$33.4M	$31.3M	$52.9M	$4.2M	—	—
2019	$34.9M	$26.9M	$48.7M	$2.3M	—	View 990
2018	$34.0M	$28.5M	$40.6M	$2.4M	—	View 990
2017	$34.7M	$26.7M	$35.3M	$2.5M	—	—
2016	$31.4M	$24.5M	$28.7M	$4.1M	—	—

Year-by-Year Financial Summary

2023: Revenue of $40.6M, expenses of $28.9M, and assets of $74.8M (revenue +20.6% year-over-year).
2022: Revenue of $33.7M, expenses of $25.1M, and assets of $62.0M (revenue +0.8% year-over-year).
2021: Revenue of $33.4M, expenses of $29.1M, and assets of $55.7M (revenue +0.2% year-over-year).
2020: Revenue of $33.4M, expenses of $31.3M, and assets of $52.9M (revenue -4.4% year-over-year).
2019: Revenue of $34.9M, expenses of $26.9M, and assets of $48.7M (revenue +2.6% year-over-year).
2018: Revenue of $34.0M, expenses of $28.5M, and assets of $40.6M (revenue -2.1% year-over-year).
2017: Revenue of $34.7M, expenses of $26.7M, and assets of $35.3M (revenue +10.6% year-over-year).
2016: Revenue of $31.4M, expenses of $24.5M, and assets of $28.7M.

Data Sources and Methodology

This transparency report for Ufcw Local 2013 Health And 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.