Ufcw Local 312 Benefit Fund

Ufcw Local 312 Benefit Fund consistently reports zero officer compensation, directing all funds to member benefits.

EIN: 111889115 · Matawan, NJ · NTEE: J20 · Updated: 2026-03-28

$2.1MRevenue

$1.6MAssets

90/100Mission Score (Excellent)

J20

About Ufcw Local 312 Benefit Fund

Ufcw Local 312 Benefit Fund (EIN: 111889115) is a nonprofit organization based in Matawan, NJ, classified under NTEE code J20. The organization reported total revenue of $2.1M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ufcw Local 312 Benefit Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Ufcw Local 312 Benefit Fund appears to be a financially stable organization primarily focused on providing benefits, as indicated by its NTEE code (J20 - Employee & Member Welfare Organizations). The organization consistently reports zero officer compensation across all available filings, which is a strong indicator of transparency and a commitment to directing funds towards its stated purpose rather than executive salaries. While the latest revenue is $2,106,344 and assets are $1,618,732, the organization has experienced fluctuations in its financial position over the years, with a notable decrease in revenue and expenses from 2013-2014 highs to more consistent levels in recent years. The consistent reporting of liabilities, such as $376,908 in 2024 and $479,938 in 2023, suggests ongoing financial obligations typical for a benefit fund. The organization's financial health seems generally sound, with assets consistently exceeding liabilities in recent periods, indicating a healthy balance sheet.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ufcw Local 312 Benefit 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 312 Benefit 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 consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly unusual and suggests a volunteer-led or externally managed structure for executive functions, or that compensation is reported under other expense categories not specified as 'officer compensation'.

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 Ufcw Local 312 Benefit Fund's IRS 990 filings:

Significant historical fluctuations in revenue and expenses without clear explanation in provided data.

Strengths

The following positive indicators were identified for Ufcw Local 312 Benefit Fund:

Consistent reporting of 0% officer compensation, indicating high efficiency in executive spending.
Strong program focus, as implied by the nature of a benefit fund and zero officer compensation.
Assets consistently exceed liabilities in recent years, indicating financial stability.
Long filing history (13 filings) suggests established operations and compliance.

Frequently Asked Questions about Ufcw Local 312 Benefit Fund

How does Ufcw Local 312 Benefit Fund manage its administrative costs given zero officer compensation?

The consistent reporting of 0% officer compensation suggests that administrative functions might be handled by volunteers, covered by a parent organization, or compensated through other expense lines not categorized as 'officer compensation' on the 990, which would require further investigation into their detailed expense breakdown.

What caused the significant revenue and expense fluctuations between 2013-2014 and subsequent years?

The substantial drop in revenue from $6,204,214 in 2013 to $1,368,378 in 2017, along with corresponding expense reductions, suggests a significant change in the fund's structure, membership, or the type/scale of benefits provided during that period. This would warrant a deeper dive into their operational history.

Is the organization's asset growth sufficient to cover its liabilities?

In recent years, assets have consistently exceeded liabilities (e.g., $1,411,023 assets vs. $376,908 liabilities in 2024), indicating a healthy financial position to meet its obligations.

Filing History

IRS 990 filing history for Ufcw Local 312 Benefit Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2010–2024), Ufcw Local 312 Benefit Fund's revenue has declined by 65.5%, moving from $5.2M to $1.8M. Total assets decreased by 25.8% over the same period, from $1.9M to $1.4M. Total functional expenses fell by 63.3%, from $5.2M to $1.9M. In its most recent filing year (2024), Ufcw Local 312 Benefit Fund reported a deficit of $136K, with expenses exceeding revenue. The organization holds $377K in liabilities against $1.4M in assets (debt-to-asset ratio: 26.7%), resulting in net assets of $1.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$1.8M	$1.9M	$1.4M	$377K	—	View 990
2023	$1.8M	$1.8M	$1.6M	$480K	—	—
2022	$1.9M	$1.9M	$1.2M	$59K	—	View 990
2021	$1.9M	$1.9M	$1.2M	$55K	—	—
2020	$1.9M	$1.8M	$1.2M	$75K	—	View 990
2017	$1.4M	$1.3M	$882K	$64K	—	View 990
2016	$1.3M	$1.1M	$754K	$48K	—	View 990
2015	$1.3M	$514K	$676K	$153K	—	View 990
2014	$4.4M	$4.1M	$546K	$813K	—	View 990
2013	$6.2M	$6.4M	$1.4M	$2.0M	—	View 990
2012	$5.5M	$6.1M	$2.0M	$2.4M	—	View 990
2011	$5.2M	$5.5M	$1.9M	$1.7M	—	View 990
2010	$5.2M	$5.2M	$1.9M	$1.3M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $1.8M, expenses of $1.9M, and assets of $1.4M (revenue -2.2% year-over-year).
2023: Revenue of $1.8M, expenses of $1.8M, and assets of $1.6M (revenue -2.4% year-over-year).
2022: Revenue of $1.9M, expenses of $1.9M, and assets of $1.2M (revenue -0.3% year-over-year).
2021: Revenue of $1.9M, expenses of $1.9M, and assets of $1.2M (revenue -0.9% year-over-year).
2020: Revenue of $1.9M, expenses of $1.8M, and assets of $1.2M (revenue +38.7% year-over-year).
2017: Revenue of $1.4M, expenses of $1.3M, and assets of $882K (revenue +4.3% year-over-year).
2016: Revenue of $1.3M, expenses of $1.1M, and assets of $754K (revenue +0.6% year-over-year).
2015: Revenue of $1.3M, expenses of $514K, and assets of $676K (revenue -70.0% year-over-year).
2014: Revenue of $4.4M, expenses of $4.1M, and assets of $546K (revenue -29.8% year-over-year).
2013: Revenue of $6.2M, expenses of $6.4M, and assets of $1.4M (revenue +13.3% year-over-year).
2012: Revenue of $5.5M, expenses of $6.1M, and assets of $2.0M (revenue +6.3% year-over-year).
2011: Revenue of $5.2M, expenses of $5.5M, and assets of $1.9M (revenue -0.7% year-over-year).
2010: Revenue of $5.2M, expenses of $5.2M, and assets of $1.9M.

Data Sources and Methodology

This transparency report for Ufcw Local 312 Benefit 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.