Is Black Hawk College Health Benefit Plan Tr Legit?

The Black Hawk College Health Benefit Plan Tr demonstrates consistent financial stability and a clear focus on its program services, as evidenced by its IRS 990 filings. The organization consistently reports zero liabilities and zero officer compensation across all available periods, indicating a very lean operational structure and strong financial management. Its revenue and expenses have generally tracked closely, with a slight surplus in most recent years (e.g., $6,676,501 revenue vs. $6,594,343 expenses in 2023), contributing to a steady growth in assets. This suggests efficient use of funds directly for its intended purpose without accumulating significant debt or excessive reserves. The organization's NTEE code Y43 (Employee or Member Welfare Benefit Plans) further clarifies its operational nature, which typically involves managing health benefits for a specific group. Given this context, the absence of officer compensation and liabilities is particularly noteworthy, pointing to a highly transparent and cost-effective administration model. The consistent financial reporting over 13 filings, all showing similar patterns of revenue, expenses, and asset growth, reinforces its reliability and commitment to its beneficiaries.