Union Workers Benefit Tr

Union Workers Benefit Tr consistently spends nearly all revenue on operations with no reported officer compensation.

EIN: 10501407 · Bath, ME · Updated: 2026-03-28

$5.6MRevenue

$2.1MAssets

85/100Mission Score (Excellent)

Is Union Workers Benefit Tr Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

3 FoundRed Flags

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

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.

AI Transparency Report

Union Workers Benefit Tr demonstrates consistent financial activity, with revenues and expenses closely aligned over the past decade. For instance, in 2023, revenues were $5,224,310 against expenses of $5,334,870, indicating that the organization spends nearly all its income on its operations. The organization's assets have shown steady growth, from $1,085,642 in 2014 to $2,041,822 in 2023, suggesting a stable financial foundation. However, without a detailed breakdown of expenses (program, administrative, fundraising) from the provided data, a precise assessment of spending efficiency is challenging. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive sign for transparency and donor trust.

The organization's financial health appears stable, with a slight deficit in the most recent year (2023) of $110,560, which is not uncommon for nonprofits operating close to their budget. The consistent growth in assets, nearly doubling over ten years, suggests prudent financial management and an ability to build reserves. The lack of reported officer compensation is a significant indicator of financial transparency and a focus on mission-driven spending. To fully assess spending efficiency, more granular expense data would be beneficial, but the overall trend suggests a well-managed organization that prioritizes its beneficiaries.

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.

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

Is Union Workers Benefit Tr a legitimate charity?

Based on AI analysis of IRS 990 filings, Union Workers Benefit Tr (EIN: 10501407) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.

How does Union Workers Benefit Tr spend its money?

Union Workers Benefit Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Union Workers Benefit Tr tax-deductible?

Union Workers Benefit Tr is registered as a tax-exempt nonprofit (EIN: 10501407). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does Union Workers Benefit Tr manage to operate with 0% officer compensation?

The filings consistently show 0% officer compensation, which could mean that leadership is entirely volunteer-based, compensated through other entities, or that compensation is categorized differently in their accounting. Further investigation into their operational model would be needed.

What is the specific breakdown of program, administrative, and fundraising expenses?

The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a comprehensive assessment of spending efficiency.

What are the primary programs or services provided by Union Workers Benefit Tr?

The NTEE code is unknown, and the provided financial data does not detail the specific programs or services offered by Union Workers Benefit Tr. Understanding these would provide context for their spending.

Why did the organization experience a slight deficit in 2023?

In 2023, expenses ($5,334,870) slightly exceeded revenue ($5,224,310) by $110,560. This could be due to increased program costs, one-time expenditures, or a temporary dip in revenue, which is not uncommon for nonprofits and does not necessarily indicate financial distress given their asset base.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$5.2M	$5.3M	$2.0M	$830K	—	—
2022	$5.6M	$5.6M	$2.1M	$858K	—	View 990
2021	$5.1M	$5.0M	$2.3M	$881K	—	View 990
2020	$4.3M	$4.1M	$1.8M	$512K	—	View 990
2019	$4.4M	$4.3M	$1.7M	$730K	—	View 990
2018	$4.1M	$4.0M	$1.6M	$677K	—	View 990
2017	$3.7M	$3.6M	$1.4M	$589K	—	View 990
2016	$3.7M	$3.6M	$1.3M	$599K	—	View 990
2015	$3.4M	$3.3M	$1.1M	$548K	—	View 990
2014	$3.2M	$3.2M	$1.1M	$543K	—	View 990
2013	$3.1M	$3.1M	$1.1M	$518K	—	View 990
2012	$3.2M	$3.1M	$1.0M	$476K	—	View 990
2011	$3.0M	$3.0M	$959K	$507K	—	View 990

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.

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.