Workmens Benefit Fund Of The Usa
Workmens Benefit Fund Of The USA maintains stable finances with declining revenue and no officer compensation reported.
EIN: 111488600 · Farmingdale, NY · Updated: 2026-03-28
Is Workmens Benefit Fund Of The Usa Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Workmens Benefit Fund Of The Usa directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Workmens Benefit Fund Of The Usa
Workmens Benefit Fund Of The Usa (EIN: 111488600) is a nonprofit organization based in Farmingdale, NY. The organization reported total revenue of $2.0M and total assets of $27.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Workmens Benefit Fund Of The Usa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Workmens Benefit Fund Of The Usa is a mid-size nonprofit that has been operating for 86 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$56K |
| Total Assets | $29.8M |
| Total Liabilities | $28.7M |
| Net Assets | $1.1M |
| Operating Margin | 2.6% |
| Debt-to-Asset Ratio | 96.3% |
| Months of Reserves | 172.2 months |
Financial Health Grade: A
In 2023, Workmens Benefit Fund Of The Usa reported a surplus of $56K with revenue exceeding expenses, holds 172.2 months of operating reserves (strong position), has a debt-to-asset ratio of 96.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Workmens Benefit Fund Of The Usa's revenue has declined at a compound annual growth rate (CAGR) of -6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.0% | -10.0% | -4.6% |
| 2022 | +15.4% | +9.4% | -3.2% |
| 2021 | -2.9% | -3.0% | +2.9% |
| 2020 | -13.2% | -15.8% | -3.1% |
| 2019 | -11.8% | +1.6% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1940 |
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 Workmens Benefit Fund Of The Usa with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Workmens Benefit Fund Of The Usa 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 surplus of $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 96.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong indicator of financial prudence and dedication to its mission.
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 Workmens Benefit Fund Of The Usa's IRS 990 filings:
- Declining revenue trend over the past decade
- NTEE code is unknown, limiting understanding of specific programmatic focus
Strengths
The following positive indicators were identified for Workmens Benefit Fund Of The Usa:
- Consistent reporting of 0% officer compensation
- Stable asset base despite revenue fluctuations
- Long history of IRS 990 filings demonstrating transparency
- Revenues generally cover expenses, indicating sound financial management
Frequently Asked Questions about Workmens Benefit Fund Of The Usa
Is Workmens Benefit Fund Of The Usa a legitimate charity?
Based on AI analysis of IRS 990 filings, Workmens Benefit Fund Of The Usa (EIN: 111488600) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Workmens Benefit Fund Of The Usa spend its money?
Workmens Benefit Fund Of The Usa directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Workmens Benefit Fund Of The Usa tax-deductible?
Workmens Benefit Fund Of The Usa is registered as a tax-exempt nonprofit (EIN: 111488600). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Workmens Benefit Fund Of The USA a good charity?
Based on the available financial data, the organization appears to be a well-managed entity with stable finances and a strong commitment to transparency, particularly regarding executive compensation. Its consistent operation and asset base suggest it effectively fulfills its purpose, though a detailed program expense breakdown would provide more insight into its direct impact.
Why are the liabilities so high relative to assets?
For a benefit fund, high liabilities often represent future obligations to members or beneficiaries, such as promised benefits or insurance claims. This is typical for organizations of this nature and does not necessarily indicate financial distress, but rather the nature of its operations.
What is the trend in the organization's revenue?
The organization has experienced a declining trend in revenue over the past decade, from $3,133,734 in 2014 to $2,130,546 in 2023. This suggests a need to monitor future revenue streams.
Does the organization pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no salaries or benefits are paid to the organization's officers.
Filing History
IRS 990 filing history for Workmens Benefit Fund Of The Usa showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Workmens Benefit Fund Of The Usa's revenue has declined by 56%, moving from $4.8M to $2.1M. Total assets decreased by 16.2% over the same period, from $35.5M to $29.8M. Total functional expenses fell by 58.4%, from $5.0M to $2.1M. In its most recent filing year (2023), Workmens Benefit Fund Of The Usa reported a surplus of $56K, with revenue exceeding expenses. The organization holds $28.7M in liabilities against $29.8M in assets (debt-to-asset ratio: 96.3%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.1M | $29.8M | $28.7M | — | View 990 |
| 2022 | $2.4M | $2.3M | $31.2M | $30.1M | — | View 990 |
| 2021 | $2.1M | $2.1M | $32.2M | $31.1M | — | View 990 |
| 2020 | $2.1M | $2.2M | $31.3M | $30.2M | — | View 990 |
| 2019 | $2.4M | $2.6M | $32.3M | $31.1M | — | — |
| 2018 | $2.8M | $2.5M | $33.2M | $31.9M | — | View 990 |
| 2017 | $2.8M | $2.7M | $33.2M | $32.0M | — | View 990 |
| 2016 | $2.9M | $2.6M | $33.8M | $32.8M | — | View 990 |
| 2015 | $3.0M | $2.9M | $34.1M | $33.3M | — | View 990 |
| 2014 | $3.1M | $2.9M | $34.0M | $33.3M | — | View 990 |
| 2013 | $3.2M | $3.2M | $34.8M | $34.2M | — | View 990 |
| 2012 | $3.5M | $3.5M | $34.9M | $34.4M | — | View 990 |
| 2011 | $4.8M | $5.0M | $35.5M | $35.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.1M, and assets of $29.8M (revenue -10.0% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.3M, and assets of $31.2M (revenue +15.4% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.1M, and assets of $32.2M (revenue -2.9% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.2M, and assets of $31.3M (revenue -13.2% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.6M, and assets of $32.3M (revenue -11.8% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.5M, and assets of $33.2M (revenue -0.7% year-over-year).
- 2017: Revenue of $2.8M, expenses of $2.7M, and assets of $33.2M (revenue -5.4% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.6M, and assets of $33.8M (revenue -2.3% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.9M, and assets of $34.1M (revenue -4.0% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.9M, and assets of $34.0M (revenue -1.3% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.2M, and assets of $34.8M (revenue -10.0% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.5M, and assets of $34.9M (revenue -27.2% year-over-year).
- 2011: Revenue of $4.8M, expenses of $5.0M, and assets of $35.5M.
Data Sources and Methodology
This transparency report for Workmens Benefit Fund Of The Usa 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.