Quick charity verification for Florida Gas Transmission Company Veba (EIN: 206819759)
Verdict: Florida Gas Transmission Company Veba appears trustworthy
85/100Mission Score
$1.3MRevenue
$29.3MAssets
1Red Flags
4Strengths
Red Flags
Significant negative revenue reported in 2018 without clear explanation in provided data.
Strengths
Strong asset base ($29,279,962) with consistent growth.
Zero reported liabilities across all filings, indicating excellent financial stability.
No reported officer compensation, suggesting highly efficient administrative costs or external management.
Consistent positive net assets over time, demonstrating financial resilience.
Spending Breakdown
How Florida Gas Transmission Company Veba 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 Florida Gas Transmission Company Veba
Is Florida Gas Transmission Company Veba a legitimate charity?
Based on AI analysis of IRS 990 filings, Florida Gas Transmission Company Veba (EIN: 206819759) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Florida Gas Transmission Company Veba a good charity to donate to?
Florida Gas Transmission Company Veba has a Mission Score of 85/100. Revenue: $1.3M. Assets: $29.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Florida Gas Transmission Company Veba?
The Employer Identification Number (EIN) for Florida Gas Transmission Company Veba is 206819759. 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 Florida Gas Transmission Company Veba spend its money?
Florida Gas Transmission Company Veba allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Florida Gas Transmission Company Veba's tax-exempt status?
You can verify Florida Gas Transmission Company Veba's tax-exempt status using EIN 206819759 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 Florida Gas Transmission Company Veba appears to be a financially stable organization, consistently maintaining substantial assets. With assets of $29,279,962 and no reported liabilities across all available filings, the organization demonstrates a very strong balance sheet. Its revenue streams have fluctuated, including a significant negative revenue period in 2018, but overall, it has shown consistent growth in assets over the past decade. The organization's NTEE code Y43 (Voluntary Employees' Beneficiary Associations (VEBAs)) suggests its primary purpose is to provide benefits to employees, which typically involves managing investments rather than extensive program spending in the traditional sense. The absence of officer compensation reported across all filings indicates a high degree of financial efficiency in terms of executive overhead, or that compensation is handled through a related entity not reflected in these specific 990 sections. Given its nature as a VEBA, the traditional metrics of program spending efficiency might not directly apply in the same way as a public charity, but the lack of liabilities and consistent asset growth are positive indicators of its ability to meet its obligations.