Is Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr Legit?
Quick charity verification for Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr (EIN: 133481555)
Verdict: Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr shows mixed signals
65/100Mission Score
$8.1MRevenue
$4.1MAssets
3Red Flags
3Strengths
Red Flags
Consistent deficit spending from 2011-2016, with expenses exceeding revenue in each period.
Significant decline in assets from $13,241,940 in 2011 to $4,127,841 in 2016, indicating a draw-down of principal.
Lack of detailed expense breakdown (program vs. admin) in the provided data makes full efficiency assessment challenging for a typical charity analysis, though as a benefit trust, most spending is likely programmatic.
Strengths
Consistently reports 0% officer compensation, indicating no executive pay.
Reports zero liabilities across all available filing periods, suggesting strong solvency.
Latest revenue of $8,072,878 is a substantial increase, potentially improving future financial health if expenses are managed.
Spending Breakdown
How Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr 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 Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr
Is Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr (EIN: 133481555) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr a good charity to donate to?
Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr has a Mission Score of 65/100. Revenue: $8.1M. Assets: $4.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr?
The Employer Identification Number (EIN) for Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr is 133481555. 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 Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr spend its money?
Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr's tax-exempt status?
You can verify Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr's tax-exempt status using EIN 133481555 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 Equitable Life Ins Soc Of Us Emp Mgrs & Agents Hlth Care Benefit Tr appears to be a health care benefit trust, which typically operates differently from a public charity. Its financial health shows a consistent trend of expenses exceeding revenue over the past six years, leading to a significant decline in assets from $13,241,940 in 2011 to $4,127,841 in 2016. While the latest revenue is $8,072,878, this figure is not directly comparable to the historical expense data provided for earlier periods, making a direct assessment of recent financial stability challenging without more current expense data. The organization reports zero liabilities across all provided periods, which is a positive indicator of solvency, but the sustained deficit spending is a concern for long-term viability if not addressed by the recent revenue increase.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, as a benefit trust, its primary function is likely to disburse benefits, which would be considered program spending. The consistent decline in assets suggests that the trust has been drawing down its principal to cover expenses. Transparency is generally good given the availability of IRS 990 filings, and the consistent reporting of 0% officer compensation is a positive sign regarding executive pay practices.
Overall, the trust has been operating at a deficit for several years, drawing down its asset base. The recent revenue increase to $8,072,878 is a significant positive development, but its impact on the trust's financial health and sustainability cannot be fully evaluated without corresponding expense data for the same period. The lack of liabilities is a strong point, but the historical asset depletion warrants close monitoring.