Utility Workers Union Of America National Health And Welfare Fund
Utility Workers Union Health And Welfare Fund consistently grows assets with no reported officer compensation.
EIN: 200027580 · Bloomington, MN · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37.6M |
| Total Expenses | $24.0M |
| Program Spending | 95% |
| Net Assets | $171.2M |
| Transparency Score | 90/100 |
Is Utility Workers Union Of America National Health And Welfare Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Utility Workers Union Of America National Health And Welfare Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Utility Workers Union Of America National Health And Welfare Fund
Utility Workers Union Of America National Health And Welfare Fund (EIN: 200027580) is a nonprofit organization based in Bloomington, MN, classified under NTEE code Y43. The organization reported total revenue of $37.6M and total assets of $188.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Utility Workers Union Of America National Health And Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Utility Workers Union Of America National Health And Welfare Fund is a large nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39.4M |
| Total Expenses | $24.0M |
| Surplus / Deficit | +$15.4M |
| Total Assets | $171.3M |
| Total Liabilities | $52K |
| Net Assets | $171.2M |
| Operating Margin | 39.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 85.6 months |
Financial Health Grade: A
In 2023, Utility Workers Union Of America National Health And Welfare Fund reported a surplus of $15.4M with revenue exceeding expenses, holds 85.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Utility Workers Union Of America National Health And Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.5% | +1.7% | +14.4% |
| 2022 | +2.3% | +8.3% | -8.6% |
| 2021 | -37.7% | +19.3% | +11.2% |
| 2020 | +86.8% | -1.7% | +42.7% |
| 2019 | -4.3% | +15.8% | +22.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Utility Workers Union Of America National Health And Welfare Fund with a Mission Score of 90 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, Utility Workers Union Of America National Health And 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available IRS 990 filings, indicating that executive leadership is not drawing salaries from the fund, which is highly unusual for an organization of this size and contributes to its strong financial health.
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 Utility Workers Union Of America National Health And Welfare Fund:
- Consistent and substantial asset growth, from $50.5M in 2014 to $171.3M in 2023.
- No reported officer compensation across all available filings, indicating high efficiency and dedication of funds to mission.
- Strong financial stability with liabilities consistently low relative to assets.
- Revenue consistently exceeds expenses, allowing for robust reserves and future program sustainability.
Frequently Asked Questions about Utility Workers Union Of America National Health And Welfare Fund
Is Utility Workers Union Of America National Health And Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Utility Workers Union Of America National Health And Welfare Fund (EIN: 200027580) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Utility Workers Union Of America National Health And Welfare Fund spend its money?
Utility Workers Union Of America National Health And Welfare Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Utility Workers Union Of America National Health And Welfare Fund tax-deductible?
Utility Workers Union Of America National Health And Welfare Fund is registered as a tax-exempt nonprofit (EIN: 200027580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Utility Workers Union Of America National Health And Welfare Fund compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Utility Workers Union Of America National Health And Welfare Fund is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Utility Workers Union Of America National Health And Welfare Fund located?
Utility Workers Union Of America National Health And Welfare Fund is headquartered in Bloomington, Minnesota and files with the IRS under EIN 200027580. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Utility Workers Union Of America National Health And Welfare Fund have?
Utility Workers Union Of America National Health And Welfare 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 $37.6M in total revenue.
Is the Utility Workers Union Of America National Health And Welfare Fund financially stable?
Yes, the fund is financially stable, evidenced by consistent asset growth from $50,534,813 in 2014 to $171,289,299 in 2023, and liabilities that are a small fraction of total assets.
How efficiently does the fund use its revenue?
The fund appears highly efficient, with expenses consistently lower than revenue. For example, in 2023, expenses were $24,017,122 against revenue of $39,408,640, allowing for significant asset accumulation.
Does the fund pay its officers?
Based on the IRS 990 filings, no officer compensation has been reported for any of the periods from 2014 to 2023.
Filing History
IRS 990 filing history for Utility Workers Union Of America National Health And Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Utility Workers Union Of America National Health And Welfare Fund's revenue has grown by 185.5%, moving from $13.8M to $39.4M. Total assets increased by 352.1% over the same period, from $37.9M to $171.3M. Total functional expenses rose by 135.4%, from $10.2M to $24.0M. In its most recent filing year (2023), Utility Workers Union Of America National Health And Welfare Fund reported a surplus of $15.4M, with revenue exceeding expenses. The organization holds $52K in liabilities against $171.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $171.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39.4M | $24.0M | $171.3M | $52K | — | — |
| 2022 | $34.4M | $23.6M | $149.8M | $28K | — | View 990 |
| 2021 | $33.6M | $21.8M | $163.8M | $54K | — | View 990 |
| 2020 | $54.0M | $18.3M | $147.2M | $89K | — | View 990 |
| 2019 | $28.9M | $18.6M | $103.2M | $60K | — | View 990 |
| 2018 | $30.2M | $16.1M | $84.2M | $51K | — | View 990 |
| 2017 | $23.2M | $13.8M | $76.9M | $25K | — | View 990 |
| 2016 | $23.8M | $13.8M | $63.9M | $12K | — | View 990 |
| 2015 | $18.0M | $13.3M | $52.6M | $33K | — | View 990 |
| 2014 | $17.3M | $12.7M | $50.5M | $12K | — | View 990 |
| 2013 | $16.0M | $12.9M | $46.0M | $48K | — | View 990 |
| 2012 | $14.9M | $11.2M | $42.6M | $24K | — | View 990 |
| 2011 | $13.8M | $10.2M | $37.9M | $127K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39.4M, expenses of $24.0M, and assets of $171.3M (revenue +14.5% year-over-year).
- 2022: Revenue of $34.4M, expenses of $23.6M, and assets of $149.8M (revenue +2.3% year-over-year).
- 2021: Revenue of $33.6M, expenses of $21.8M, and assets of $163.8M (revenue -37.7% year-over-year).
- 2020: Revenue of $54.0M, expenses of $18.3M, and assets of $147.2M (revenue +86.8% year-over-year).
- 2019: Revenue of $28.9M, expenses of $18.6M, and assets of $103.2M (revenue -4.3% year-over-year).
- 2018: Revenue of $30.2M, expenses of $16.1M, and assets of $84.2M (revenue +30.4% year-over-year).
- 2017: Revenue of $23.2M, expenses of $13.8M, and assets of $76.9M (revenue -2.8% year-over-year).
- 2016: Revenue of $23.8M, expenses of $13.8M, and assets of $63.9M (revenue +32.6% year-over-year).
- 2015: Revenue of $18.0M, expenses of $13.3M, and assets of $52.6M (revenue +3.7% year-over-year).
- 2014: Revenue of $17.3M, expenses of $12.7M, and assets of $50.5M (revenue +8.2% year-over-year).
- 2013: Revenue of $16.0M, expenses of $12.9M, and assets of $46.0M (revenue +7.6% year-over-year).
- 2012: Revenue of $14.9M, expenses of $11.2M, and assets of $42.6M (revenue +7.8% year-over-year).
- 2011: Revenue of $13.8M, expenses of $10.2M, and assets of $37.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Utility Workers Union Of America National Health And Welfare Fund:
Data Sources and Methodology
This transparency report for Utility Workers Union Of America National Health And 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.