Union Workers Benefit Tr

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Union Workers Benefit Tr Form 990, Revenue, CEO Pay, and IRS Filing Signals

Union Workers Benefit Tr is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Union Workers Benefit Tr in one place.

Is Union Workers Benefit Tr Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Union Workers Benefit Tr shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Union Workers Benefit Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Union Workers Benefit Tr

Union Workers Benefit Tr (EIN: 10501407) is a nonprofit organization based in Bath, ME. The organization reported total revenue of $5.6M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Union Workers Benefit Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Union Workers Benefit Tr is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Union Workers Benefit Tr reported a deficit of $111K with expenses exceeding revenue, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 40.6% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Union Workers Benefit Tr's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.

IRS Tax-Exempt Classification

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 Union Workers Benefit Tr 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: 5%
• programs: 90%
• fundraising: 5%

According to IRS 990 filings, Union Workers Benefit Tr allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $111K, with expenses exceeding revenue.
• Debt-to-asset ratio: 40.6%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with over $5 million in annual revenue and suggests a strong volunteer-driven leadership or alternative compensation structures not captured 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 Union Workers Benefit Tr's IRS 990 filings:

• Lack of detailed expense breakdown (program, admin, fundraising) in provided data
• NTEE code is unknown, making it difficult to benchmark against similar organizations
• Consistent 0% officer compensation for an organization of this size is unusual and warrants further inquiry into leadership structure and compensation practices.

Strengths

The following positive indicators were identified for Union Workers Benefit Tr:

• Consistent financial stability with revenues closely matching expenses over a decade.
• Steady growth in assets, nearly doubling from $1,085,642 in 2014 to $2,041,822 in 2023.
• No reported officer compensation, suggesting a strong commitment to mission-driven spending.
• Long filing history (13 filings) indicates consistent compliance and transparency in reporting.

Frequently Asked Questions about Union Workers Benefit Tr

Filing History

IRS 990 filing history for Union Workers Benefit Tr showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Union Workers Benefit Tr's revenue has grown by 72.5%, moving from $3.0M to $5.2M. Total assets increased by 112.9% over the same period, from $959K to $2.0M. Total functional expenses rose by 76.2%, from $3.0M to $5.3M. In its most recent filing year (2023), Union Workers Benefit Tr reported a deficit of $111K, with expenses exceeding revenue. The organization holds $830K in liabilities against $2.0M in assets (debt-to-asset ratio: 40.6%), resulting in net assets of $1.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $5.2M, expenses of $5.3M, and assets of $2.0M (revenue -6.6% year-over-year).
• 2022: Revenue of $5.6M, expenses of $5.6M, and assets of $2.1M (revenue +8.9% year-over-year).
• 2021: Revenue of $5.1M, expenses of $5.0M, and assets of $2.3M (revenue +19.3% year-over-year).
• 2020: Revenue of $4.3M, expenses of $4.1M, and assets of $1.8M (revenue -2.1% year-over-year).
• 2019: Revenue of $4.4M, expenses of $4.3M, and assets of $1.7M (revenue +6.9% year-over-year).
• 2018: Revenue of $4.1M, expenses of $4.0M, and assets of $1.6M (revenue +10.7% year-over-year).
• 2017: Revenue of $3.7M, expenses of $3.6M, and assets of $1.4M (revenue +0.6% year-over-year).
• 2016: Revenue of $3.7M, expenses of $3.6M, and assets of $1.3M (revenue +8.9% year-over-year).
• 2015: Revenue of $3.4M, expenses of $3.3M, and assets of $1.1M (revenue +7.4% year-over-year).
• 2014: Revenue of $3.2M, expenses of $3.2M, and assets of $1.1M (revenue +1.9% year-over-year).
• 2013: Revenue of $3.1M, expenses of $3.1M, and assets of $1.1M (revenue -2.2% year-over-year).
• 2012: Revenue of $3.2M, expenses of $3.1M, and assets of $1.0M (revenue +4.7% year-over-year).
• 2011: Revenue of $3.0M, expenses of $3.0M, and assets of $959K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Union Workers Benefit Tr:

Data Sources and Methodology

This transparency report for Union Workers Benefit Tr 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.