Is Fire Fighters Of Boca Raton Retiree Insurance Trust Fund Legit?
Quick charity verification for Fire Fighters Of Boca Raton Retiree Insurance Trust Fund (EIN: 204998355)
Verdict: Fire Fighters Of Boca Raton Retiree Insurance Trust Fund appears trustworthy
90/100Mission Score
$1.4MRevenue
$11.2MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth: Assets have grown from $3.6 million in 2013 to $8.6 million in 2023, demonstrating strong financial management.
Zero officer compensation: No compensation is reported for officers, directors, trustees, or key employees across all filings, indicating high efficiency.
Low administrative overhead: The nature of a trust fund with no officer compensation suggests very low administrative costs, maximizing resources for beneficiaries.
Stable expense management: Despite fluctuating revenues, expenses have remained relatively controlled and consistent, ensuring financial stability.
Spending Breakdown
How Fire Fighters Of Boca Raton Retiree Insurance Trust Fund 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 Fire Fighters Of Boca Raton Retiree Insurance Trust Fund
Is Fire Fighters Of Boca Raton Retiree Insurance Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Fire Fighters Of Boca Raton Retiree Insurance Trust Fund (EIN: 204998355) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Fire Fighters Of Boca Raton Retiree Insurance Trust Fund a good charity to donate to?
Fire Fighters Of Boca Raton Retiree Insurance Trust Fund has a Mission Score of 90/100. Revenue: $1.4M. Assets: $11.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fire Fighters Of Boca Raton Retiree Insurance Trust Fund?
The Employer Identification Number (EIN) for Fire Fighters Of Boca Raton Retiree Insurance Trust Fund is 204998355. 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 Fire Fighters Of Boca Raton Retiree Insurance Trust Fund spend its money?
Fire Fighters Of Boca Raton Retiree Insurance Trust Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fire Fighters Of Boca Raton Retiree Insurance Trust Fund's tax-exempt status?
You can verify Fire Fighters Of Boca Raton Retiree Insurance Trust Fund's tax-exempt status using EIN 204998355 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 Fire Fighters Of Boca Raton Retiree Insurance Trust Fund appears to be in a stable financial position, consistently growing its assets over the past decade, from $3.6 million in 2013 to over $8.6 million in 2023. The organization's revenue has fluctuated significantly year-to-year, with a high of $2.66 million in 2022 and a low of $538,377 in 2013, indicating reliance on variable income streams. However, expenses have remained relatively controlled and consistent, typically well below revenue, allowing for asset accumulation. The trust's primary function is to manage insurance benefits for retirees, which inherently involves a different spending profile than direct service charities. The consistent growth in assets suggests effective management of its trust fund responsibilities. The absence of reported officer compensation across all filings indicates a high degree of financial efficiency and a focus on the trust's beneficiaries rather than administrative overhead related to executive pay.