Zero reported officer compensation across all filings, indicating efficient use of funds for its primary purpose.
Substantial asset base, consistently over $280 million, providing long-term stability for retiree benefits.
Consistently reports $0 in liabilities, suggesting strong financial management and solvency.
Spending Breakdown
How Elevance Health Retiree Veba Tr 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 Elevance Health Retiree Veba Tr
Is Elevance Health Retiree Veba Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Elevance Health Retiree Veba Tr (EIN: 10477639) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Elevance Health Retiree Veba Tr a good charity to donate to?
Elevance Health Retiree Veba Tr has a Mission Score of 85/100. Revenue: $20.2M. Assets: $316.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Elevance Health Retiree Veba Tr?
The Employer Identification Number (EIN) for Elevance Health Retiree Veba Tr is 10477639. 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 Elevance Health Retiree Veba Tr spend its money?
Elevance Health Retiree Veba Tr allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Elevance Health Retiree Veba Tr's tax-exempt status?
You can verify Elevance Health Retiree Veba Tr's tax-exempt status using EIN 10477639 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
Elevance Health Retiree Veba Tr appears to be a trust designed to manage retiree benefits, rather than a traditional public charity. Its financial activity shows significant fluctuations in revenue and expenses over the past decade. For example, in 2023, the organization reported revenue of $2,429,512 against expenses of $22,834,116, indicating a substantial deficit for the year. This pattern of expenses often exceeding revenue is common for VEBA trusts, which draw down assets to pay benefits. The organization consistently reports $0 in liabilities across all filings, suggesting a strong asset base relative to immediate obligations, with assets consistently over $280 million in recent years. Transparency is high regarding executive compensation, as all filings indicate 0% officer compensation, which is typical for a trust managed by a larger entity.