Welfare Fund Heat And Frost Insulators Local 12
Welfare Fund Heat And Frost Insulators Local 12 maintains strong assets despite recent operating deficits.
EIN: 116302784 · Long Is City, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $38.4M |
| Total Expenses | $16.7M |
| Program Spending | 85% |
| Net Assets | $24.8M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Welfare Fund Heat And Frost Insulators Local 12 Form 990, Revenue, CEO Pay, and IRS Filing Signals
Welfare Fund Heat And Frost Insulators Local 12 is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Welfare Fund Heat And Frost Insulators Local 12 in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $15.1M and expenses of $16.7M.
Revenue and Expenses
Welfare Fund Heat And Frost Insulators Local 12 reported $15.1M in revenue and $16.7M in expenses, a deficit of $1.6M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Welfare Fund Heat And Frost Insulators Local 12 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $14.2M (85%) |
Across stored filings, Welfare Fund Heat And Frost Insulators Local 12 shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Long Is City, NY nonprofitsFollow the Money
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Keep the Investigation Moving
Welfare Fund Heat And Frost Insulators Local 12 directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Welfare Fund Heat And Frost Insulators Local 12
Welfare Fund Heat And Frost Insulators Local 12 (EIN: 116302784) is a nonprofit organization based in Long Is City, NY. The organization reported total revenue of $38.4M and total assets of $31.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welfare Fund Heat And Frost Insulators Local 12's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welfare Fund Heat And Frost Insulators Local 12 is a large nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.1M |
| Total Expenses | $16.7M |
| Surplus / Deficit | $-1,619,221 |
| Total Assets | $30.0M |
| Total Liabilities | $5.2M |
| Net Assets | $24.8M |
| Operating Margin | -10.7% |
| Debt-to-Asset Ratio | 17.3% |
| Months of Reserves | 21.6 months |
Financial Health Grade: B
In 2023, Welfare Fund Heat And Frost Insulators Local 12 reported a deficit of $1.6M with expenses exceeding revenue, holds 21.6 months of operating reserves (strong position), has a debt-to-asset ratio of 17.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Welfare Fund Heat And Frost Insulators Local 12's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.4% | -6.1% | -1.7% |
| 2022 | -10.3% | +7.8% | -12.4% |
| 2021 | +15.8% | +15.6% | +12.7% |
| 2020 | -12.1% | -13.2% | +9.1% |
| 2019 | -6.8% | +16.8% | +14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Fund Heat And Frost Insulators Local 12 with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Welfare Fund Heat And Frost Insulators Local 12 allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $1.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer leadership or that executive compensation is categorized differently, which would require further detail to fully understand.
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 Welfare Fund Heat And Frost Insulators Local 12's IRS 990 filings:
- Expenses exceeded revenue in the last two reporting periods (2022 and 2023), indicating operating deficits.
- NTEE code is unknown, making it difficult to benchmark against similar organizations.
- Lack of detailed program spending breakdown in the provided data limits full efficiency assessment.
Strengths
The following positive indicators were identified for Welfare Fund Heat And Frost Insulators Local 12:
- Strong and growing asset base, increasing from $14 million in 2014 to over $30 million recently.
- Consistent revenue generation over the past decade, generally in the $15-19 million range.
- Reported 0% officer compensation across all filings, suggesting efficient use of funds at the leadership level.
Frequently Asked Questions about Welfare Fund Heat And Frost Insulators Local 12
Is Welfare Fund Heat And Frost Insulators Local 12 a legitimate charity?
Welfare Fund Heat And Frost Insulators Local 12 (EIN: 116302784) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $38.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Welfare Fund Heat And Frost Insulators Local 12 spend its money?
Welfare Fund Heat And Frost Insulators Local 12 directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Welfare Fund Heat And Frost Insulators Local 12 tax-deductible?
Welfare Fund Heat And Frost Insulators Local 12 is registered as a tax-exempt nonprofit (EIN: 116302784). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Welfare Fund Heat And Frost Insulators Local 12's spending goes to programs?
Welfare Fund Heat And Frost Insulators Local 12 directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Welfare Fund Heat And Frost Insulators Local 12 located?
Welfare Fund Heat And Frost Insulators Local 12 is headquartered in Long Is City, New York and files with the IRS under EIN 116302784.
How many years of IRS 990 filings does Welfare Fund Heat And Frost Insulators Local 12 have?
Welfare Fund Heat And Frost Insulators Local 12 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 $38.4M in total revenue.
Why have expenses exceeded revenue in the last two fiscal periods (2022 and 2023)?
In 2023, expenses were $16,705,322 against revenues of $15,086,101, and in 2022, expenses were $17,783,811 against revenues of $16,467,207. This trend of operating at a deficit warrants further investigation into the causes and the organization's strategy to address it.
How does the organization manage its liabilities, which have consistently been around $5-6 million?
Liabilities have ranged from $4.8 million to $6.2 million over the past decade. While assets have grown significantly, maintaining a stable level of liabilities suggests consistent financial obligations that the organization appears to be managing within its operational framework.
What is the nature of the 'Welfare Fund' and its primary programs?
The NTEE code is unknown, and the filings do not provide specific program details. Understanding the core welfare services provided would be crucial for a complete assessment of its impact and program efficiency.
Filing History
IRS 990 filing history for Welfare Fund Heat And Frost Insulators Local 12 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Welfare Fund Heat And Frost Insulators Local 12's revenue has grown by 52.2%, moving from $9.9M to $15.1M. Total assets increased by 125.8% over the same period, from $13.3M to $30.0M. Total functional expenses rose by 74.8%, from $9.6M to $16.7M. In its most recent filing year (2023), Welfare Fund Heat And Frost Insulators Local 12 reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $5.2M in liabilities against $30.0M in assets (debt-to-asset ratio: 17.3%), resulting in net assets of $24.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.1M | $16.7M | $30.0M | $5.2M | — | — |
| 2022 | $16.5M | $17.8M | $30.5M | $5.8M | — | View 990 |
| 2021 | $18.4M | $16.5M | $34.8M | $6.1M | — | View 990 |
| 2020 | $15.9M | $14.3M | $30.9M | $6.0M | — | View 990 |
| 2019 | $18.0M | $16.4M | $28.3M | $6.3M | — | View 990 |
| 2018 | $19.4M | $14.1M | $24.8M | $5.9M | — | View 990 |
| 2017 | $18.1M | $13.6M | $20.1M | $5.6M | — | View 990 |
| 2016 | $16.9M | $13.9M | $15.0M | $5.4M | — | View 990 |
| 2015 | $15.2M | $17.0M | $12.8M | $6.0M | — | View 990 |
| 2014 | $14.6M | $15.3M | $14.1M | $4.9M | — | View 990 |
| 2013 | $13.2M | $13.8M | $13.3M | $3.3M | — | View 990 |
| 2012 | $11.8M | $12.2M | $13.4M | $3.2M | — | View 990 |
| 2011 | $9.9M | $9.6M | $13.3M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.1M, expenses of $16.7M, and assets of $30.0M (revenue -8.4% year-over-year).
- 2022: Revenue of $16.5M, expenses of $17.8M, and assets of $30.5M (revenue -10.3% year-over-year).
- 2021: Revenue of $18.4M, expenses of $16.5M, and assets of $34.8M (revenue +15.8% year-over-year).
- 2020: Revenue of $15.9M, expenses of $14.3M, and assets of $30.9M (revenue -12.1% year-over-year).
- 2019: Revenue of $18.0M, expenses of $16.4M, and assets of $28.3M (revenue -6.8% year-over-year).
- 2018: Revenue of $19.4M, expenses of $14.1M, and assets of $24.8M (revenue +6.7% year-over-year).
- 2017: Revenue of $18.1M, expenses of $13.6M, and assets of $20.1M (revenue +7.0% year-over-year).
- 2016: Revenue of $16.9M, expenses of $13.9M, and assets of $15.0M (revenue +11.7% year-over-year).
- 2015: Revenue of $15.2M, expenses of $17.0M, and assets of $12.8M (revenue +4.1% year-over-year).
- 2014: Revenue of $14.6M, expenses of $15.3M, and assets of $14.1M (revenue +10.3% year-over-year).
- 2013: Revenue of $13.2M, expenses of $13.8M, and assets of $13.3M (revenue +11.8% year-over-year).
- 2012: Revenue of $11.8M, expenses of $12.2M, and assets of $13.4M (revenue +19.3% year-over-year).
- 2011: Revenue of $9.9M, expenses of $9.6M, and assets of $13.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Welfare Fund Heat And Frost Insulators Local 12:
Data Sources and Methodology
This transparency report for Welfare Fund Heat And Frost Insulators Local 12 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.