Is Bcbssc Voluntary Employees Beneficiary…

Quick charity verification for Bcbssc Voluntary Employees Beneficiary Association (EIN: 202017750)

Red Flags

Consistent operating deficits, with expenses frequently exceeding revenue (e.g., $2,240,000 expenses vs. $648,528 revenue in 2023).
Significant decline in total assets over recent years, from $35,019,158 in 2017 to $17,805,889 in 2023, indicating asset depletion.
Negative revenue reported in 2018 ($-667,260), which is an unusual and concerning financial event.
Lack of detailed expense breakdown in the provided data makes it difficult to assess spending efficiency beyond top-line figures.

Spending Breakdown

How Bcbssc Voluntary Employees Beneficiary Association allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Bcbssc Voluntary Employees Beneficiary Association

Is Bcbssc Voluntary Employees Beneficiary Association a legitimate charity?

Based on AI analysis of IRS 990 filings, Bcbssc Voluntary Employees Beneficiary Association (EIN: 202017750) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.

Is Bcbssc Voluntary Employees Beneficiary Association a good charity to donate to?

Bcbssc Voluntary Employees Beneficiary Association has a Mission Score of 45/100. Revenue: $2.8M. Assets: $15.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bcbssc Voluntary Employees Beneficiary Association?

The Employer Identification Number (EIN) for Bcbssc Voluntary Employees Beneficiary Association is 202017750. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Bcbssc Voluntary Employees Beneficiary Association spend its money?

Bcbssc Voluntary Employees Beneficiary Association allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Bcbssc Voluntary Employees Beneficiary Association's tax-exempt status?

You can verify Bcbssc Voluntary Employees Beneficiary Association's tax-exempt status using EIN 202017750 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Bcbssc Voluntary Employees Beneficiary Association exhibits a concerning financial trend with consistent net losses over the past several years, indicating that expenses frequently exceed revenue. For instance, in 2023, the organization reported revenue of $648,528 against expenses of $2,240,000, resulting in a significant deficit. This pattern of spending down assets is evident in the substantial decline in total assets from $35,019,158 in 2017 to $17,805,889 in 2023. While the organization reports 0% officer compensation, which suggests good stewardship in that area, the overall financial sustainability is questionable given the persistent negative net income.

The organization's NTEE code Y43 (Voluntary Employees' Beneficiary Associations) suggests its primary purpose is to provide benefits to employees. Without detailed expense breakdowns from the 990 filings, it's challenging to assess spending efficiency beyond the top-line figures. However, the consistent depletion of assets to cover operational costs raises questions about long-term viability and the effectiveness of its financial management. The lack of liabilities across all reported periods is a positive indicator of financial hygiene, but it doesn't offset the underlying issue of unsustainable spending relative to revenue generation.

Transparency regarding executive compensation is excellent, with 0% reported. However, the overall financial picture, characterized by declining assets and consistent operating deficits, suggests a need for greater transparency in how expenses are managed and how the organization plans to achieve financial stability. The significant drop in assets over the last six years, from over $35 million to under $18 million, is a critical area for stakeholders to scrutinize.

Is Bcbssc Voluntary Employees Beneficiary Association Legit?

Verdict: Bcbssc Voluntary Employees Beneficiary Association shows mixed signals