Consistent positive net income, e.g., $338,088 surplus in 2023 ($1,611,297 revenue - $1,273,209 expenses).
0% officer compensation reported across all filings, indicating high efficiency and transparency.
Growing asset base, from $412,077 in 2020 to $821,221 in 2023, demonstrating financial stability.
Low liabilities relative to assets, with liabilities at $189,756 against assets of $821,221 in 2023.
Spending Breakdown
How Electrical Workers Veba Trust allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Electrical Workers Veba Trust
Is Electrical Workers Veba Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Electrical Workers Veba Trust (EIN: 208431466) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
Is Electrical Workers Veba Trust a good charity to donate to?
Electrical Workers Veba Trust has a Mission Score of 95/100. Revenue: $1.3M. Assets: $720K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Electrical Workers Veba Trust?
The Employer Identification Number (EIN) for Electrical Workers Veba Trust is 208431466. 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 Electrical Workers Veba Trust spend its money?
Electrical Workers Veba Trust allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Electrical Workers Veba Trust's tax-exempt status?
You can verify Electrical Workers Veba Trust's tax-exempt status using EIN 208431466 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 Electrical Workers Veba Trust appears to be a financially stable organization, consistently generating revenue that exceeds its expenses. For instance, in 2023, the organization reported revenue of $1,611,297 against expenses of $1,273,209, indicating a healthy surplus. Its assets have shown growth in recent years, increasing from $412,077 in 2020 to $821,221 in 2023, suggesting prudent financial management. The organization's NTEE code Y43 (Voluntary Employees' Beneficiary Associations) indicates its primary purpose is to provide benefits to employees, which aligns with its operational model. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards its stated purpose rather than executive salaries. This practice enhances trust and suggests a focus on beneficiary services.