Upstate New York Engineers Health Fund
Upstate New York Engineers Health Fund consistently maintains financial surpluses and growing assets with no reported officer compensation.
EIN: 150582931 · Syracuse, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $63.5M |
| Total Expenses | $41.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $104.8M |
| Transparency Score | 92/100 |
Is Upstate New York Engineers Health Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Upstate New York Engineers Health Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Upstate New York Engineers Health Fund
Upstate New York Engineers Health Fund (EIN: 150582931) is a nonprofit organization based in Syracuse, NY. The organization reported total revenue of $63.5M and total assets of $136.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Upstate New York Engineers Health Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Upstate New York Engineers Health Fund is a major nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45.2M |
| Total Expenses | $41.2M |
| Surplus / Deficit | +$4.0M |
| Total Assets | $111.6M |
| Total Liabilities | $6.8M |
| Net Assets | $104.8M |
| Operating Margin | 8.8% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 32.5 months |
Financial Health Grade: A
In 2023, Upstate New York Engineers Health Fund reported a surplus of $4.0M with revenue exceeding expenses, holds 32.5 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Upstate New York Engineers Health Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.4% | +8.1% | -0.4% |
| 2022 | +12.6% | -3.2% | +1.2% |
| 2021 | -2.8% | +3.9% | +14.7% |
| 2020 | +4.5% | -1.3% | -3.0% |
| 2019 | +4.1% | +8.0% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Upstate New York Engineers Health Fund with a Mission Score of 92 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, Upstate New York Engineers Health 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 $4.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not classified as officer compensation on the 990, which is highly favorable for a large organization with over $100 million in assets.
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.
Strengths
The following positive indicators were identified for Upstate New York Engineers Health Fund:
- Consistent financial surpluses: Revenue ($45,192,625 in 2023) consistently exceeds expenses ($41,198,453 in 2023), indicating strong financial management.
- Growing asset base: Assets have grown from $83,153,165 in 2014 to $111,584,065 in 2023, demonstrating long-term financial stability.
- No reported officer compensation: Officer compensation is consistently reported as 0% across all filings, suggesting efficient use of funds.
- Low liabilities relative to assets: Liabilities are a small fraction of total assets (e.g., $6,773,426 liabilities vs. $111,584,065 assets in 2023), indicating a healthy balance sheet.
- Long history of IRS 990 filings: 13 consistent filings demonstrate a commitment to transparency and regulatory compliance.
Frequently Asked Questions about Upstate New York Engineers Health Fund
Is Upstate New York Engineers Health Fund a legitimate charity?
Upstate New York Engineers Health Fund (EIN: 150582931) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $63.5M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Upstate New York Engineers Health Fund spend its money?
Upstate New York Engineers Health Fund directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Upstate New York Engineers Health Fund tax-deductible?
Upstate New York Engineers Health Fund is registered as a tax-exempt nonprofit (EIN: 150582931). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Upstate New York Engineers Health Fund CEO make?
Upstate New York Engineers Health Fund's highest-compensated officer earns $100 annually. The organization reported $63.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Upstate New York Engineers Health Fund's spending goes to programs?
Upstate New York Engineers Health Fund directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Upstate New York Engineers Health Fund located?
Upstate New York Engineers Health Fund is headquartered in Syracuse, New York and files with the IRS under EIN 150582931.
How many years of IRS 990 filings does Upstate New York Engineers Health Fund have?
Upstate New York Engineers Health 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 $63.5M in total revenue.
Is Upstate New York Engineers Health Fund a good charity?
Based on the available financial data, the Upstate New York Engineers Health Fund appears to be a well-managed and financially stable organization. It consistently generates surpluses, has growing assets, and reports no officer compensation, all of which are positive indicators of a 'good charity' focused on its mission.
How has the organization's financial health changed over the last decade?
Over the last decade, the organization's financial health has steadily improved. Revenue has generally increased, assets have grown from $83,153,165 in 2014 to $111,584,065 in 2023, and it has consistently maintained a positive net income (revenue exceeding expenses) in most years, indicating strong financial management.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings. This suggests a highly conservative approach to executive pay, with resources seemingly directed entirely towards the fund's primary purpose.
Filing History
IRS 990 filing history for Upstate New York Engineers Health Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Upstate New York Engineers Health Fund's revenue has grown by 37.9%, moving from $32.8M to $45.2M. Total assets increased by 207.4% over the same period, from $36.3M to $111.6M. Total functional expenses rose by 63.1%, from $25.3M to $41.2M. In its most recent filing year (2023), Upstate New York Engineers Health Fund reported a surplus of $4.0M, with revenue exceeding expenses. The organization holds $6.8M in liabilities against $111.6M in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $104.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45.2M | $41.2M | $111.6M | $6.8M | — | View 990 |
| 2022 | $46.3M | $38.1M | $112.0M | $5.9M | — | View 990 |
| 2021 | $41.2M | $39.4M | $110.7M | $6.4M | — | — |
| 2020 | $42.4M | $37.9M | $96.5M | $5.9M | — | View 990 |
| 2019 | $40.5M | $38.4M | $99.5M | $7.6M | — | View 990 |
| 2018 | $38.9M | $35.6M | $98.2M | $6.5M | — | — |
| 2017 | $33.8M | $37.1M | $91.9M | $5.4M | — | View 990 |
| 2016 | $40.0M | $34.3M | $92.5M | $5.3M | — | View 990 |
| 2015 | $41.6M | $31.9M | $94.4M | $8.6M | — | View 990 |
| 2014 | $41.2M | $31.1M | $83.2M | $5.1M | — | View 990 |
| 2013 | $46.3M | $27.0M | $69.3M | $3.3M | — | View 990 |
| 2012 | $41.1M | $30.8M | $51.0M | $3.9M | — | View 990 |
| 2011 | $32.8M | $25.3M | $36.3M | $459K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45.2M, expenses of $41.2M, and assets of $111.6M (revenue -2.4% year-over-year).
- 2022: Revenue of $46.3M, expenses of $38.1M, and assets of $112.0M (revenue +12.6% year-over-year).
- 2021: Revenue of $41.2M, expenses of $39.4M, and assets of $110.7M (revenue -2.8% year-over-year).
- 2020: Revenue of $42.4M, expenses of $37.9M, and assets of $96.5M (revenue +4.5% year-over-year).
- 2019: Revenue of $40.5M, expenses of $38.4M, and assets of $99.5M (revenue +4.1% year-over-year).
- 2018: Revenue of $38.9M, expenses of $35.6M, and assets of $98.2M (revenue +15.1% year-over-year).
- 2017: Revenue of $33.8M, expenses of $37.1M, and assets of $91.9M (revenue -15.4% year-over-year).
- 2016: Revenue of $40.0M, expenses of $34.3M, and assets of $92.5M (revenue -3.9% year-over-year).
- 2015: Revenue of $41.6M, expenses of $31.9M, and assets of $94.4M (revenue +0.9% year-over-year).
- 2014: Revenue of $41.2M, expenses of $31.1M, and assets of $83.2M (revenue -11.0% year-over-year).
- 2013: Revenue of $46.3M, expenses of $27.0M, and assets of $69.3M (revenue +12.5% year-over-year).
- 2012: Revenue of $41.1M, expenses of $30.8M, and assets of $51.0M (revenue +25.5% year-over-year).
- 2011: Revenue of $32.8M, expenses of $25.3M, and assets of $36.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Upstate New York Engineers Health Fund:
Data Sources and Methodology
This transparency report for Upstate New York Engineers Health 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.