Quick charity verification for Cornell Medical Benefits Tr (EIN: 161457001)
Verdict: Cornell Medical Benefits Tr has notable concerns
10/100Mission Score
$47.9MRevenue
$389.8MAssets
5Red Flags
2Strengths
Red Flags
Consistent reporting of $0 expenses for most years (2014-2022)
Negative revenue reported in the latest filing (2023)
Inability to assess program spending or efficiency due to lack of expense data
Zero officer compensation reported for an organization with significant assets
Lack of clarity on how the organization operates or fulfills its mission without reported expenses
Strengths
Significant asset growth over the decade, from $157M in 2014 to $376M in 2023
No reported liabilities across all filings, indicating a debt-free status
Spending Breakdown
How Cornell Medical Benefits Tr allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Cornell Medical Benefits Tr
Is Cornell Medical Benefits Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornell Medical Benefits Tr (EIN: 161457001) has notable concerns. Mission Score: 10/100. 5 red flags identified, 2 strengths noted.
Is Cornell Medical Benefits Tr a good charity to donate to?
Cornell Medical Benefits Tr has a Mission Score of 10/100. Revenue: $47.9M. Assets: $389.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cornell Medical Benefits Tr?
The Employer Identification Number (EIN) for Cornell Medical Benefits Tr is 161457001. 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 Cornell Medical Benefits Tr spend its money?
Cornell Medical Benefits Tr allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cornell Medical Benefits Tr's tax-exempt status?
You can verify Cornell Medical Benefits Tr's tax-exempt status using EIN 161457001 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
Cornell Medical Benefits Tr exhibits unusual financial reporting, with zero expenses reported for most years, including program, administrative, and fundraising costs, from 2014 to 2022. This makes it impossible to assess spending efficiency or program focus. The 2023 filing shows a negative revenue of $-37,648,300 and expenses of $537,711, which is a significant departure from prior years' zero expense reporting. The organization's assets have grown substantially over the decade, from $157,542,786 in 2014 to $376,559,315 in 2023, indicating strong asset accumulation despite the lack of detailed expense reporting. The consistent reporting of zero officer compensation across all available filings suggests either a volunteer-led structure or that compensation is not reported in a standard manner on the 990, which warrants further investigation for transparency.