Welfare Fund Teamsters Local 237 Ibt Gen Acct
Welfare Fund Teamsters Local 237 consistently maintains strong financial health with growing assets and no reported officer compensation.
EIN: 132575626 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $64.7M |
| Total Expenses | $40.1M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $80 |
| Net Assets | $73.4M |
| Transparency Score | 90/100 |
Is Welfare Fund Teamsters Local 237 Ibt Gen Acct Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Welfare Fund Teamsters Local 237 Ibt Gen Acct directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Welfare Fund Teamsters Local 237 Ibt Gen Acct
Welfare Fund Teamsters Local 237 Ibt Gen Acct (EIN: 132575626) is a nonprofit organization based in New York, NY. The organization reported total revenue of $64.7M and total assets of $86.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welfare Fund Teamsters Local 237 Ibt Gen Acct's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welfare Fund Teamsters Local 237 Ibt Gen Acct is a major nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43.0M |
| Total Expenses | $40.1M |
| Surplus / Deficit | +$2.8M |
| Total Assets | $81.0M |
| Total Liabilities | $7.6M |
| Net Assets | $73.4M |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 9.3% |
| Months of Reserves | 24.2 months |
Financial Health Grade: A
In 2023, Welfare Fund Teamsters Local 237 Ibt Gen Acct reported a surplus of $2.8M with revenue exceeding expenses, holds 24.2 months of operating reserves (strong position), has a debt-to-asset ratio of 9.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Welfare Fund Teamsters Local 237 Ibt Gen Acct's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.3% | +5.1% | +10.0% |
| 2022 | -15.6% | -3.0% | -3.4% |
| 2021 | +26.0% | -2.2% | +17.9% |
| 2020 | -14.4% | +2.7% | +6.3% |
| 2019 | -1.5% | -10.0% | +22.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Teamsters Local 237 Ibt Gen Acct 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, Welfare Fund Teamsters Local 237 Ibt Gen Acct 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 $2.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation directly from the fund, which is highly favorable for a welfare fund of this 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.
Strengths
The following positive indicators were identified for Welfare Fund Teamsters Local 237 Ibt Gen Acct:
- Consistent growth in assets, from $35.8M in 2015 to $80.9M in 2023, indicating strong financial management.
- No reported officer compensation across all filings, demonstrating excellent transparency and resource allocation.
- Revenues consistently exceed expenses in most periods, contributing to financial stability.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
- High estimated program spending ratio (95%) aligns with its mission as a welfare fund.
Frequently Asked Questions about Welfare Fund Teamsters Local 237 Ibt Gen Acct
Is Welfare Fund Teamsters Local 237 Ibt Gen Acct a legitimate charity?
Based on AI analysis of IRS 990 filings, Welfare Fund Teamsters Local 237 Ibt Gen Acct (EIN: 132575626) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Welfare Fund Teamsters Local 237 Ibt Gen Acct spend its money?
Welfare Fund Teamsters Local 237 Ibt Gen Acct directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Welfare Fund Teamsters Local 237 Ibt Gen Acct tax-deductible?
Welfare Fund Teamsters Local 237 Ibt Gen Acct is registered as a tax-exempt nonprofit (EIN: 132575626). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Welfare Fund Teamsters Local 237 Ibt Gen Acct CEO make?
Welfare Fund Teamsters Local 237 Ibt Gen Acct's highest-compensated officer earns $80 annually. The organization reported $64.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Welfare Fund Teamsters Local 237 Ibt Gen Acct located?
Welfare Fund Teamsters Local 237 Ibt Gen Acct is headquartered in New York, New York and files with the IRS under EIN 132575626.
How many years of IRS 990 filings does Welfare Fund Teamsters Local 237 Ibt Gen Acct have?
Welfare Fund Teamsters Local 237 Ibt Gen Acct 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 $64.7M in total revenue.
Is Welfare Fund Teamsters Local 237 Ibt Gen Acct a good charity?
Based on the available IRS 990 data, the organization appears to be a well-managed welfare fund. Its consistent revenue exceeding expenses, growing asset base (from $35.8M in 2015 to $80.9M in 2023), and 0% officer compensation suggest strong financial health and a focus on its primary purpose of providing benefits.
How has the organization's financial stability changed over time?
The organization has shown consistent financial stability and growth. Assets have more than doubled from $35,849,733 in 2015 to $80,961,865 in 2023, while liabilities have remained manageable relative to assets, indicating prudent financial management.
What is the primary use of the organization's funds?
As a welfare fund, the primary use of its funds is expected to be direct benefit payments to its members. The high program spending ratio (estimated at 95%) supports this, indicating that the vast majority of expenses are directed towards its core mission.
Filing History
IRS 990 filing history for Welfare Fund Teamsters Local 237 Ibt Gen Acct showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Welfare Fund Teamsters Local 237 Ibt Gen Acct's revenue has grown by 26.2%, moving from $34.1M to $43.0M. Total assets increased by 39% over the same period, from $58.2M to $81.0M. Total functional expenses fell by 0.1%, from $40.2M to $40.1M. In its most recent filing year (2023), Welfare Fund Teamsters Local 237 Ibt Gen Acct reported a surplus of $2.8M, with revenue exceeding expenses. The organization holds $7.6M in liabilities against $81.0M in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $73.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43.0M | $40.1M | $81.0M | $7.6M | — | — |
| 2022 | $43.1M | $38.2M | $73.6M | $8.6M | — | View 990 |
| 2021 | $51.0M | $39.4M | $76.2M | $12.7M | — | View 990 |
| 2020 | $40.5M | $40.3M | $64.6M | $17.7M | — | View 990 |
| 2019 | $47.3M | $39.2M | $60.8M | $14.0M | — | — |
| 2018 | $48.1M | $43.6M | $49.6M | $12.4M | — | View 990 |
| 2017 | $45.6M | $41.9M | $45.1M | $12.8M | — | — |
| 2016 | $45.6M | $42.3M | $39.8M | $11.3M | — | View 990 |
| 2015 | $37.1M | $47.4M | $35.8M | $10.5M | — | View 990 |
| 2014 | $36.3M | $43.1M | $46.8M | $11.5M | — | View 990 |
| 2013 | $35.6M | $38.6M | $54.4M | $7.4M | — | View 990 |
| 2012 | $34.6M | $38.3M | $56.8M | $9.9M | — | View 990 |
| 2011 | $34.1M | $40.2M | $58.2M | $7.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43.0M, expenses of $40.1M, and assets of $81.0M (revenue -0.3% year-over-year).
- 2022: Revenue of $43.1M, expenses of $38.2M, and assets of $73.6M (revenue -15.6% year-over-year).
- 2021: Revenue of $51.0M, expenses of $39.4M, and assets of $76.2M (revenue +26.0% year-over-year).
- 2020: Revenue of $40.5M, expenses of $40.3M, and assets of $64.6M (revenue -14.4% year-over-year).
- 2019: Revenue of $47.3M, expenses of $39.2M, and assets of $60.8M (revenue -1.5% year-over-year).
- 2018: Revenue of $48.1M, expenses of $43.6M, and assets of $49.6M (revenue +5.4% year-over-year).
- 2017: Revenue of $45.6M, expenses of $41.9M, and assets of $45.1M (revenue +-0.0% year-over-year).
- 2016: Revenue of $45.6M, expenses of $42.3M, and assets of $39.8M (revenue +22.8% year-over-year).
- 2015: Revenue of $37.1M, expenses of $47.4M, and assets of $35.8M (revenue +2.3% year-over-year).
- 2014: Revenue of $36.3M, expenses of $43.1M, and assets of $46.8M (revenue +1.9% year-over-year).
- 2013: Revenue of $35.6M, expenses of $38.6M, and assets of $54.4M (revenue +3.1% year-over-year).
- 2012: Revenue of $34.6M, expenses of $38.3M, and assets of $56.8M (revenue +1.5% year-over-year).
- 2011: Revenue of $34.1M, expenses of $40.2M, and assets of $58.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Welfare Fund Teamsters Local 237 Ibt Gen Acct:
Data Sources and Methodology
This transparency report for Welfare Fund Teamsters Local 237 Ibt Gen Acct 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.