Quick charity verification for Cowles Company Medical Plan Veba Trust (EIN: 207044058)
Verdict: Cowles Company Medical Plan Veba Trust appears trustworthy
85/100Mission Score
$4.4MRevenue
$3.2MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the latest filing period (202312) by $382,989, though this can be typical for VEBA trusts managing reserves.
Strengths
Consistent 0% officer compensation across all reported periods, indicating highly efficient executive management.
Stable revenue stream averaging over $3.5 million annually over the past decade.
Healthy asset base of $3,196,489, providing financial stability for benefit obligations.
Clear mission as a VEBA Trust (NTEE Y43) focused on employee benefits.
Spending Breakdown
How Cowles Company Medical Plan Veba Trust allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Cowles Company Medical Plan Veba Trust
Is Cowles Company Medical Plan Veba Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Cowles Company Medical Plan Veba Trust (EIN: 207044058) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Cowles Company Medical Plan Veba Trust a good charity to donate to?
Cowles Company Medical Plan Veba Trust has a Mission Score of 85/100. Revenue: $4.4M. Assets: $3.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cowles Company Medical Plan Veba Trust?
The Employer Identification Number (EIN) for Cowles Company Medical Plan Veba Trust is 207044058. 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 Cowles Company Medical Plan Veba Trust spend its money?
Cowles Company Medical Plan Veba Trust allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cowles Company Medical Plan Veba Trust's tax-exempt status?
You can verify Cowles Company Medical Plan Veba Trust's tax-exempt status using EIN 207044058 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
The Cowles Company Medical Plan VEBA Trust appears to be a well-established organization with a consistent revenue stream, averaging around $3.5-$4 million annually over the past decade. As a VEBA (Voluntary Employees' Beneficiary Association) Trust, its primary function is to provide health and welfare benefits to employees, which inherently means a significant portion of its 'expenses' are direct benefit payments. The organization consistently reports 0% officer compensation, indicating a lean administrative structure at the executive level. While the latest filing shows expenses exceeding revenue by approximately $383,000, this is not uncommon for VEBA trusts which manage reserves to cover benefit fluctuations. The trust maintains healthy assets, currently at $3,196,489, providing a buffer for future obligations. Its NTEE code Y43 (Voluntary Employees' Beneficiary Associations) further clarifies its specific purpose and operational model.