Local 1205 Welfare Fund
Nonprofit profile at a glance
- EIN
- 111586595
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Farmingdale, NY, USA
- Phone
- 5165011205
- Rating confidence
- Limited
Reported finances
- Revenue
- $19,208,847
- Expenses
- $21,699,679
- Assets
- $38,685,054
- Liabilities
- $5,263,229
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Highest reported compensation
- VENUS TEMPLE (FUND ADMINISTRATOR): $144,914 total reported compensation
- NELSON NUNEZ (TRUSTEE): $144,403 total reported compensation
- DANIEL DECROTIE - PAST (TRUSTEE): $142,717 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide health and welfare benefits to eligible participants and their dependents.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 45
- Sustainability: 39
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -13%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 1.78; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0.4%; rating input score 90; 90th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.2% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 1.4% per year; rating input score 100; 15th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 1 of 2 board members independent · 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $145K · 4 people listed
- Highest-paid contractors: 1 contractor listed · $374K reported
- Consistency: 13 of 13 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Independent voting board scored 50/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Operating margin scored 8/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.