Welfare Benefits Tr For Collectively Bargained Retired Emp
Welfare Benefits Trust maintains strong assets and zero liabilities with no officer compensation.
EIN: 134092516 · New York, NY · NTEE: Y23 · Updated: 2026-03-28
Is Welfare Benefits Tr For Collectively Bargained Retired Emp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Welfare Benefits Tr For Collectively Bargained Retired Emp directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Welfare Benefits Tr For Collectively Bargained Retired Emp
Welfare Benefits Tr For Collectively Bargained Retired Emp (EIN: 134092516) is a nonprofit organization based in New York, NY, classified under NTEE code Y23. The organization reported total revenue of $2.1M and total assets of $43.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welfare Benefits Tr For Collectively Bargained Retired Emp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welfare Benefits Tr For Collectively Bargained Retired Emp is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $299K |
| Total Expenses | $161K |
| Surplus / Deficit | +$138K |
| Total Assets | $41.9M |
| Net Assets | $41.9M |
| Operating Margin | 46.1% |
| Months of Reserves | 3123.5 months |
Financial Health Grade: A
In 2023, Welfare Benefits Tr For Collectively Bargained Retired Emp reported a surplus of $138K with revenue exceeding expenses, holds 3123.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Welfare Benefits Tr For Collectively Bargained Retired Emp's revenue has declined at a compound annual growth rate (CAGR) of -16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -75.7% | -48.7% | +7.7% |
| 2022 | +7.7% | -63.5% | -15.2% |
| 2021 | -61.3% | -15.2% | -3.0% |
| 2020 | +132.3% | -24.5% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Welfare Benefits Tr For Collectively Bargained Retired Emp with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Welfare Benefits Tr For Collectively Bargained Retired Emp allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $138K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not directly compensated, which is highly unusual for an organization of this asset size ($43,080,218).
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 Welfare Benefits Tr For Collectively Bargained Retired Emp:
- Consistently reports zero liabilities across all filings, indicating strong financial health.
- Officer compensation is 0% in all available filings, suggesting high efficiency and dedication of resources to the mission.
- Maintains a substantial asset base ($43,080,218 latest) relative to its annual expenses, ensuring long-term stability.
- Strong program focus due to minimal reported administrative and fundraising costs (implied by 0% officer comp and zero liabilities).
Frequently Asked Questions about Welfare Benefits Tr For Collectively Bargained Retired Emp
Is Welfare Benefits Tr For Collectively Bargained Retired Emp a legitimate charity?
Based on AI analysis of IRS 990 filings, Welfare Benefits Tr For Collectively Bargained Retired Emp (EIN: 134092516) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Welfare Benefits Tr For Collectively Bargained Retired Emp spend its money?
Welfare Benefits Tr For Collectively Bargained Retired Emp directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Welfare Benefits Tr For Collectively Bargained Retired Emp tax-deductible?
Welfare Benefits Tr For Collectively Bargained Retired Emp is registered as a tax-exempt nonprofit (EIN: 134092516). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Welfare Benefits Tr For Collectively Bargained Retired Emp a good charity?
Based on the available IRS 990 data, the organization demonstrates excellent financial health, transparency, and efficiency. It consistently reports zero liabilities and zero officer compensation, indicating that its resources are fully dedicated to its mission without significant overhead or executive pay. This suggests it is a very well-managed entity for its intended beneficiaries.
How does the organization manage to have 0% officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean that the officers are volunteers, compensated through another entity, or that the trust's structure does not involve direct compensation for its listed officers. This practice significantly reduces administrative overhead.
What is the purpose of this organization given its NTEE code Y23?
NTEE code Y23 typically refers to 'Employee Benefits Funds.' This aligns with the organization's name, 'Welfare Benefits Tr For Collectively Bargained Retired Emp,' indicating its purpose is to provide welfare benefits to retired employees who were part of collective bargaining agreements.
Are the revenue fluctuations a concern?
While revenue has fluctuated significantly, including a negative revenue year in 2018 ($-154,676), the organization has consistently maintained a very strong asset base (e.g., $43,080,218 in latest filing) and zero liabilities. This suggests that the trust is well-capitalized and can absorb revenue volatility without impacting its financial stability or ability to meet its obligations.
Filing History
IRS 990 filing history for Welfare Benefits Tr For Collectively Bargained Retired Emp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Welfare Benefits Tr For Collectively Bargained Retired Emp's revenue has declined by 89%, moving from $2.7M to $299K. Total assets increased by 7.9% over the same period, from $38.8M to $41.9M. Total functional expenses rose by 4634.9%, from $3K to $161K. In its most recent filing year (2023), Welfare Benefits Tr For Collectively Bargained Retired Emp reported a surplus of $138K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $299K | $161K | $41.9M | $0 | — | — |
| 2022 | $1.2M | $314K | $38.9M | $0 | — | — |
| 2021 | $1.1M | $861K | $45.9M | $0 | — | View 990 |
| 2020 | $3.0M | $1.0M | $47.3M | $0 | — | — |
| 2019 | $1.3M | $1.3M | $44.4M | $0 | — | — |
| 2018 | $-154,676 | $1.4M | $42.0M | $0 | — | View 990 |
| 2017 | $2.2M | $2.5M | $45.8M | $0 | — | View 990 |
| 2016 | $2.8M | $5K | $46.1M | $0 | — | View 990 |
| 2015 | $218K | $5K | $43.2M | $0 | — | View 990 |
| 2014 | $2.5M | $4K | $43.0M | $0 | — | View 990 |
| 2013 | $-1,575,805 | $6K | $40.5M | $0 | — | View 990 |
| 2012 | $1.7M | $2K | $42.3M | $0 | — | View 990 |
| 2011 | $2.7M | $3K | $38.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $299K, expenses of $161K, and assets of $41.9M (revenue -75.7% year-over-year).
- 2022: Revenue of $1.2M, expenses of $314K, and assets of $38.9M (revenue +7.7% year-over-year).
- 2021: Revenue of $1.1M, expenses of $861K, and assets of $45.9M (revenue -61.3% year-over-year).
- 2020: Revenue of $3.0M, expenses of $1.0M, and assets of $47.3M (revenue +132.3% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $44.4M.
- 2018: Revenue of $-154,676, expenses of $1.4M, and assets of $42.0M (revenue -107.1% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.5M, and assets of $45.8M (revenue -22.9% year-over-year).
- 2016: Revenue of $2.8M, expenses of $5K, and assets of $46.1M (revenue +1192.1% year-over-year).
- 2015: Revenue of $218K, expenses of $5K, and assets of $43.2M (revenue -91.3% year-over-year).
- 2014: Revenue of $2.5M, expenses of $4K, and assets of $43.0M.
- 2013: Revenue of $-1,575,805, expenses of $6K, and assets of $40.5M (revenue -191.4% year-over-year).
- 2012: Revenue of $1.7M, expenses of $2K, and assets of $42.3M (revenue -36.6% year-over-year).
- 2011: Revenue of $2.7M, expenses of $3K, and assets of $38.8M.
Data Sources and Methodology
This transparency report for Welfare Benefits Tr For Collectively Bargained Retired Emp 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.