Is Highmark West Virginia Inc Welfare Trust Fund Legit?
Quick charity verification for Highmark West Virginia Inc Welfare Trust Fund (EIN: 203482233)
Verdict: Highmark West Virginia Inc Welfare Trust Fund shows mixed signals
55/100Mission Score
$3.9MRevenue
$11.2MAssets
3Red Flags
2Strengths
Red Flags
Consistent and significant operating deficits, with expenses exceeding revenue in most recent years (e.g., 2023 expenses $2.98M vs. revenue $1.3M).
Declining asset base over several years, from $22.3M in 2017 to $13.1M in 2023, indicating reliance on reserves to cover deficits.
Lack of detailed expense breakdown in the provided data makes it difficult to assess program efficiency beyond overall financial trends.
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
Significant asset base of over $11 million, providing a buffer despite recent declines.
Spending Breakdown
How Highmark West Virginia Inc Welfare Trust Fund allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Highmark West Virginia Inc Welfare Trust Fund
Is Highmark West Virginia Inc Welfare Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Highmark West Virginia Inc Welfare Trust Fund (EIN: 203482233) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Highmark West Virginia Inc Welfare Trust Fund a good charity to donate to?
Highmark West Virginia Inc Welfare Trust Fund has a Mission Score of 55/100. Revenue: $3.9M. Assets: $11.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Highmark West Virginia Inc Welfare Trust Fund?
The Employer Identification Number (EIN) for Highmark West Virginia Inc Welfare Trust Fund is 203482233. 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 Highmark West Virginia Inc Welfare Trust Fund spend its money?
Highmark West Virginia Inc Welfare Trust Fund allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Highmark West Virginia Inc Welfare Trust Fund's tax-exempt status?
You can verify Highmark West Virginia Inc Welfare Trust Fund's tax-exempt status using EIN 203482233 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
Highmark West Virginia Inc Welfare Trust Fund exhibits a concerning trend of consistent operating deficits, with expenses significantly exceeding revenue in recent years. For example, in 2023, expenses were $2,980,359 against revenues of $1,300,102, and similar patterns are observed in prior periods. This has led to a notable decline in assets, from a peak of over $22 million in 2017 to $13.1 million in 2023. While the organization reports 0% officer compensation, which is a positive for efficiency, the sustained spending beyond its income raises questions about long-term financial sustainability and how these deficits are being covered, likely through drawing down existing assets. The NTEE code Y43 suggests a focus on 'Health & Welfare Technology,' but without a detailed breakdown of expenses, it's difficult to fully assess spending efficiency beyond the overall deficit.