Is Hy Line Voluntary Employees Beneficiary…

Quick charity verification for Hy Line Voluntary Employees Beneficiary Association Plan & Tru (EIN: 201314610)

Spending Breakdown

How Hy Line Voluntary Employees Beneficiary Association Plan & Tru allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Hy Line Voluntary Employees Beneficiary Association Plan & Tru

Is Hy Line Voluntary Employees Beneficiary Association Plan & Tru a legitimate charity?

Based on AI analysis of IRS 990 filings, Hy Line Voluntary Employees Beneficiary Association Plan & Tru (EIN: 201314610) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.

Is Hy Line Voluntary Employees Beneficiary Association Plan & Tru a good charity to donate to?

Hy Line Voluntary Employees Beneficiary Association Plan & Tru has a Mission Score of 70/100. Revenue: $298K. Assets: $9.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hy Line Voluntary Employees Beneficiary Association Plan & Tru?

The Employer Identification Number (EIN) for Hy Line Voluntary Employees Beneficiary Association Plan & Tru is 201314610. 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 Hy Line Voluntary Employees Beneficiary Association Plan & Tru spend its money?

Hy Line Voluntary Employees Beneficiary Association Plan & Tru allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hy Line Voluntary Employees Beneficiary Association Plan & Tru's tax-exempt status?

You can verify Hy Line Voluntary Employees Beneficiary Association Plan & Tru's tax-exempt status using EIN 201314610 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

Hy Line Voluntary Employees Beneficiary Association Plan & Tru appears to be a well-established organization with a substantial asset base, currently holding $9,585,104. However, recent financial trends show a significant decline in revenue, from $1,211,030 in 2020 to $139,351 in 2023, while expenses have remained relatively high, leading to substantial deficits in the last two reported periods. For instance, in 2023, expenses were $722,985 against revenues of $139,351, indicating a reliance on existing assets or prior year surpluses to cover operational costs. The organization consistently reports 0% officer compensation, which suggests a volunteer-led or externally managed structure for executive functions, contributing to lower administrative overhead in that specific area.

The organization's financial health, while supported by its significant assets, is challenged by the recent trend of expenses consistently exceeding revenue. This pattern, particularly the $583,634 deficit in 2023 and $343,130 deficit in 2022, is a concern for long-term sustainability if not addressed. The NTEE code Y43 indicates it's a Voluntary Employees' Beneficiary Association (VEBA), which typically manages employee benefits. The consistent reporting of zero liabilities in several years (e.g., 2023, 2022, 2020, 2019) alongside significant assets suggests a strong balance sheet in those periods, though the 2021 and 2018 filings show liabilities matching assets, which could indicate a different accounting treatment or specific trust structures. The lack of detailed program spending breakdown in the provided data makes it difficult to fully assess spending efficiency beyond the absence of officer compensation.

Transparency regarding executive compensation is excellent, with 0% reported. However, without a detailed breakdown of program, administrative, and fundraising expenses, a comprehensive assessment of spending efficiency is limited. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and basic financial transparency. The significant fluctuations in revenue and expenses, particularly the recent deficits, warrant closer examination to understand the underlying operational changes or market conditions affecting the organization.

Is Hy Line Voluntary Employees Beneficiary Association Plan & Tru Legit?

Verdict: Hy Line Voluntary Employees Beneficiary Association Plan & Tru appears trustworthy

Red Flags

Strengths