United Wire Metal & Machine Health & Welfare Fund

United Wire Metal & Machine Health & Welfare Fund consistently expends more than its annual revenue, maintaining substantial assets.

EIN: 135608135 · Long Island City, NY · Updated: 2026-03-28

$60.4MRevenue

$83.6MAssets

85/100Mission Score (Excellent)

About United Wire Metal & Machine Health & Welfare Fund

United Wire Metal & Machine Health & Welfare Fund (EIN: 135608135) is a nonprofit organization based in Long Island City, NY. The organization reported total revenue of $60.4M and total assets of $83.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Wire Metal & Machine Health & Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The United Wire Metal & Machine Health & Welfare Fund demonstrates consistent financial operations, primarily focused on providing health and welfare benefits. Over the past several years, the organization's expenses have generally exceeded its revenue, as seen in 2023 where expenses were $42,182,834 against revenues of $38,772,373. This trend suggests that the fund may be drawing down on its assets or relying on investment income not fully captured in the 'Revenue' figure to cover its benefit obligations. The fund maintains substantial assets, reported at $86,487,621 in 2023, which provides a strong financial cushion for its operations and future liabilities.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, as a health and welfare fund, the vast majority of its expenditures are inherently programmatic (benefit payments). The consistent reporting of 0% officer compensation across all available filings indicates a high degree of financial prudence regarding executive pay, suggesting that the fund's leadership is not drawing salaries from the organization. This practice enhances the fund's ability to direct resources towards its primary mission.

Transparency appears to be strong regarding executive compensation, with no reported officer compensation. However, without a detailed functional expense breakdown, it's challenging to fully evaluate the efficiency of its operational spending beyond the direct benefit payments. The consistent filing of IRS Form 990s over many years indicates adherence to regulatory reporting requirements, contributing to overall transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates United Wire Metal & Machine Health & Welfare 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: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, United Wire Metal & Machine Health & 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 at 0% across all available filings, indicating that officers do not receive salaries from the fund, which is highly commendable for an organization of its size with assets exceeding $80 million.

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 Wire Metal & Machine Health & Welfare Fund's IRS 990 filings:

Consistent annual expenses exceeding revenue, which while potentially managed by investment income or asset drawdowns, warrants closer examination of long-term sustainability if not offset by other income streams.

Strengths

The following positive indicators were identified for United Wire Metal & Machine Health & Welfare Fund:

Zero officer compensation reported across all filings, indicating excellent financial stewardship and dedication to mission.
Substantial asset base (over $80 million consistently) provides strong financial stability and capacity to meet future obligations.
Consistent filing of IRS Form 990s demonstrates adherence to regulatory transparency requirements.
As a health and welfare fund, its primary expenditures are inherently programmatic, directly benefiting its members.

Frequently Asked Questions about United Wire Metal & Machine Health & Welfare Fund

Is United Wire Metal & Machine Health & Welfare Fund a good charity?

Based on the provided data, the fund appears to be well-managed financially, with substantial assets and a clear focus on its mission as evidenced by 0% officer compensation. Its consistent operation as a health and welfare fund suggests it effectively serves its beneficiaries.

Why do expenses often exceed revenue?

Expenses frequently exceeding revenue, such as in 2023 ($42.1M expenses vs. $38.7M revenue), is common for health and welfare funds. This can be due to investment income not being fully captured in 'Revenue' or strategic use of accumulated assets to cover benefit obligations, especially during periods of higher claims or market fluctuations.

What is the trend in the fund's assets?

The fund's assets have fluctuated but remained substantial, from $81.3M in 2014 to $86.4M in 2023, peaking at $104.8M in 2021. This indicates a strong financial position to meet future obligations.

Filing History

IRS 990 filing history for United Wire Metal & Machine Health & Welfare Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), United Wire Metal & Machine Health & Welfare Fund's revenue has grown by 112.3%, moving from $18.3M to $38.8M. Total assets increased by 26.1% over the same period, from $68.6M to $86.5M. Total functional expenses rose by 82.3%, from $23.1M to $42.2M. In its most recent filing year (2023), United Wire Metal & Machine Health & Welfare Fund reported a deficit of $3.4M, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $86.5M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $85.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$38.8M	$42.2M	$86.5M	$1.2M	—	—
2022	$36.9M	$39.1M	$88.7M	$2.0M	—	View 990
2021	$37.3M	$40.0M	$104.8M	$1.1M	—	View 990
2020	$32.7M	$36.4M	$99.0M	$913K	—	View 990
2019	$37.9M	$38.4M	$94.7M	$983K	—	—
2018	$35.2M	$36.3M	$88.5M	$774K	—	View 990
2017	$35.1M	$31.9M	$92.3M	$728K	—	View 990
2016	$34.3M	$33.3M	$85.1M	$622K	—	View 990
2015	$29.3M	$28.6M	$81.5M	$571K	—	View 990
2014	$20.0M	$24.0M	$81.3M	$960K	—	View 990
2013	$22.4M	$21.8M	$78.2M	$523K	—	View 990
2012	$21.7M	$22.3M	$69.1M	$312K	—	View 990
2011	$18.3M	$23.1M	$68.6M	$450K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $38.8M, expenses of $42.2M, and assets of $86.5M (revenue +5.1% year-over-year).
2022: Revenue of $36.9M, expenses of $39.1M, and assets of $88.7M (revenue -1.1% year-over-year).
2021: Revenue of $37.3M, expenses of $40.0M, and assets of $104.8M (revenue +14.0% year-over-year).
2020: Revenue of $32.7M, expenses of $36.4M, and assets of $99.0M (revenue -13.7% year-over-year).
2019: Revenue of $37.9M, expenses of $38.4M, and assets of $94.7M (revenue +7.5% year-over-year).
2018: Revenue of $35.2M, expenses of $36.3M, and assets of $88.5M (revenue +0.4% year-over-year).
2017: Revenue of $35.1M, expenses of $31.9M, and assets of $92.3M (revenue +2.4% year-over-year).
2016: Revenue of $34.3M, expenses of $33.3M, and assets of $85.1M (revenue +17.1% year-over-year).
2015: Revenue of $29.3M, expenses of $28.6M, and assets of $81.5M (revenue +46.1% year-over-year).
2014: Revenue of $20.0M, expenses of $24.0M, and assets of $81.3M (revenue -10.5% year-over-year).
2013: Revenue of $22.4M, expenses of $21.8M, and assets of $78.2M (revenue +3.0% year-over-year).
2012: Revenue of $21.7M, expenses of $22.3M, and assets of $69.1M (revenue +19.0% year-over-year).
2011: Revenue of $18.3M, expenses of $23.1M, and assets of $68.6M.

Data Sources and Methodology

This transparency report for United Wire Metal & Machine Health & 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.