United Furniture Workers Insurance Fund
United Furniture Workers Insurance Fund consistently generates revenue surpluses and shows strong asset growth with no reported officer compensation.
EIN: 135547701 · Nashville, TN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $61.7M |
| Total Expenses | $52.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $57 |
| Net Assets | $7.7M |
| Transparency Score | 85/100 |
Is United Furniture Workers Insurance Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Furniture Workers Insurance Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Furniture Workers Insurance Fund
United Furniture Workers Insurance Fund (EIN: 135547701) is a nonprofit organization based in Nashville, TN. The organization reported total revenue of $61.7M and total assets of $37.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Furniture Workers Insurance Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Furniture Workers Insurance Fund is a major nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57.8M |
| Total Expenses | $52.1M |
| Surplus / Deficit | +$5.7M |
| Total Assets | $35.7M |
| Total Liabilities | $28.1M |
| Net Assets | $7.7M |
| Operating Margin | 9.9% |
| Debt-to-Asset Ratio | 78.6% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2023, United Furniture Workers Insurance Fund reported a surplus of $5.7M with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 78.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), United Furniture Workers Insurance Fund's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.8% | +25.2% | +12.3% |
| 2022 | +3.1% | -6.3% | -2.2% |
| 2021 | -2.9% | -3.3% | +15.1% |
| 2020 | +10.1% | -6.5% | +41.3% |
| 2019 | +28.1% | +39.7% | +15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
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 United Furniture Workers Insurance Fund 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, United Furniture Workers Insurance Fund allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $5.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 78.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated directly from the fund, which is highly favorable for a nonprofit of this size with over $57 million in annual revenue.
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 United Furniture Workers Insurance Fund's IRS 990 filings:
- Historically high liabilities relative to assets, though this trend has improved in recent years (e.g., 202009 liabilities of $36,975,876 exceeded assets of $28,261,567).
Strengths
The following positive indicators were identified for United Furniture Workers Insurance Fund:
- Consistent revenue surpluses, indicating sound financial management (e.g., $5.7 million surplus in 202309).
- Strong and consistent asset growth over the past decade, from $9 million to over $35 million.
- 0% reported officer compensation, demonstrating high transparency and dedication of resources to the fund's purpose.
- Consistent filing of IRS 990 forms, indicating good transparency practices.
Frequently Asked Questions about United Furniture Workers Insurance Fund
Is United Furniture Workers Insurance Fund a legitimate charity?
United Furniture Workers Insurance Fund (EIN: 135547701) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $61.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does United Furniture Workers Insurance Fund spend its money?
United Furniture Workers Insurance Fund directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to United Furniture Workers Insurance Fund tax-deductible?
United Furniture Workers Insurance Fund is registered as a tax-exempt nonprofit (EIN: 135547701). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the United Furniture Workers Insurance Fund CEO make?
United Furniture Workers Insurance Fund's highest-compensated officer earns $57 annually. The organization reported $61.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of United Furniture Workers Insurance Fund's spending goes to programs?
United Furniture Workers Insurance Fund directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is United Furniture Workers Insurance Fund located?
United Furniture Workers Insurance Fund is headquartered in Nashville, Tennessee and files with the IRS under EIN 135547701.
How many years of IRS 990 filings does United Furniture Workers Insurance Fund have?
United Furniture Workers Insurance 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 $61.7M in total revenue.
Is United Furniture Workers Insurance Fund financially stable?
Yes, the organization appears financially stable, consistently reporting revenue surpluses (e.g., $57,825,109 revenue vs. $52,111,001 expenses in 202309) and significant asset growth over the past decade, from $9,038,709 in 201409 to $35,711,035 in 202309.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating that its leadership is not compensated directly from the fund, which is a strong positive for transparency and resource allocation.
Has the organization's financial health improved over time?
Yes, the organization has shown significant financial improvement, with revenue more than doubling from $22,307,985 in 201409 to $57,825,109 in 202309, and assets quadrupling from $9,038,709 to $35,711,035 in the same period. Its asset-to-liability ratio has also improved.
Filing History
IRS 990 filing history for United Furniture Workers Insurance Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Furniture Workers Insurance Fund's revenue has grown by 145.8%, moving from $23.5M to $57.8M. Total assets increased by 375.6% over the same period, from $7.5M to $35.7M. Total functional expenses rose by 107%, from $25.2M to $52.1M. In its most recent filing year (2023), United Furniture Workers Insurance Fund reported a surplus of $5.7M, with revenue exceeding expenses. The organization holds $28.1M in liabilities against $35.7M in assets (debt-to-asset ratio: 78.6%), resulting in net assets of $7.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57.8M | $52.1M | $35.7M | $28.1M | — | — |
| 2022 | $50.4M | $41.6M | $31.8M | $29.8M | — | View 990 |
| 2021 | $48.9M | $44.4M | $32.5M | $36.7M | — | View 990 |
| 2020 | $50.3M | $45.9M | $28.3M | $37.0M | — | — |
| 2019 | $45.7M | $49.2M | $20.0M | $33.8M | — | View 990 |
| 2018 | $35.7M | $35.2M | $17.3M | $28.0M | — | View 990 |
| 2017 | $31.0M | $28.1M | $14.1M | $26.7M | — | View 990 |
| 2016 | $27.2M | $26.7M | $12.4M | $27.9M | — | View 990 |
| 2015 | $23.6M | $20.8M | $10.7M | $26.6M | — | View 990 |
| 2014 | $22.3M | $21.6M | $9.0M | $27.8M | — | View 990 |
| 2013 | $22.4M | $17.4M | $7.6M | $27.0M | — | View 990 |
| 2012 | $24.6M | $25.4M | $7.2M | $31.3M | — | View 990 |
| 2011 | $23.5M | $25.2M | $7.5M | $30.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57.8M, expenses of $52.1M, and assets of $35.7M (revenue +14.8% year-over-year).
- 2022: Revenue of $50.4M, expenses of $41.6M, and assets of $31.8M (revenue +3.1% year-over-year).
- 2021: Revenue of $48.9M, expenses of $44.4M, and assets of $32.5M (revenue -2.9% year-over-year).
- 2020: Revenue of $50.3M, expenses of $45.9M, and assets of $28.3M (revenue +10.1% year-over-year).
- 2019: Revenue of $45.7M, expenses of $49.2M, and assets of $20.0M (revenue +28.1% year-over-year).
- 2018: Revenue of $35.7M, expenses of $35.2M, and assets of $17.3M (revenue +15.0% year-over-year).
- 2017: Revenue of $31.0M, expenses of $28.1M, and assets of $14.1M (revenue +14.2% year-over-year).
- 2016: Revenue of $27.2M, expenses of $26.7M, and assets of $12.4M (revenue +14.9% year-over-year).
- 2015: Revenue of $23.6M, expenses of $20.8M, and assets of $10.7M (revenue +6.0% year-over-year).
- 2014: Revenue of $22.3M, expenses of $21.6M, and assets of $9.0M (revenue -0.5% year-over-year).
- 2013: Revenue of $22.4M, expenses of $17.4M, and assets of $7.6M (revenue -9.0% year-over-year).
- 2012: Revenue of $24.6M, expenses of $25.4M, and assets of $7.2M (revenue +4.7% year-over-year).
- 2011: Revenue of $23.5M, expenses of $25.2M, and assets of $7.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Furniture Workers Insurance Fund:
Data Sources and Methodology
This transparency report for United Furniture Workers Insurance 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.