Quick charity verification for Kentucky Farm Bureau Benefits Tr (EIN: 202034596)
Verdict: Kentucky Farm Bureau Benefits Tr shows mixed signals
45/100Mission Score
$74.3MRevenue
$118.3MAssets
4Red Flags
3Strengths
Red Flags
Significant discrepancy between overall revenue and 990-reported revenue without clear explanation.
Consistent reporting of zero officer compensation for an organization managing over $100 million in assets.
Reported expenses on 990s frequently exceed reported revenue, indicating reliance on other funding sources or asset drawdowns.
Lack of clear program spending on 990s, suggesting a primary administrative function rather than direct charitable programs.
Strengths
Consistent filing of IRS Form 990s, demonstrating compliance.
Substantial and growing asset base, reaching $119,057,666 in 2023, indicating financial stability.
Long operational history with 13 filings, suggesting established presence.
Spending Breakdown
How Kentucky Farm Bureau Benefits Tr allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
90%
Admin Costs
High — over 25% on administration
10%
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 Kentucky Farm Bureau Benefits Tr
Is Kentucky Farm Bureau Benefits Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Kentucky Farm Bureau Benefits Tr (EIN: 202034596) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
Is Kentucky Farm Bureau Benefits Tr a good charity to donate to?
Kentucky Farm Bureau Benefits Tr has a Mission Score of 45/100. Revenue: $74.3M. Assets: $118.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kentucky Farm Bureau Benefits Tr?
The Employer Identification Number (EIN) for Kentucky Farm Bureau Benefits Tr is 202034596. 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 Kentucky Farm Bureau Benefits Tr spend its money?
Kentucky Farm Bureau Benefits Tr allocates 0% to programs, 90% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kentucky Farm Bureau Benefits Tr's tax-exempt status?
You can verify Kentucky Farm Bureau Benefits Tr's tax-exempt status using EIN 202034596 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
Kentucky Farm Bureau Benefits Tr (KFBBT) exhibits a complex financial profile. While its latest reported revenue of $74,297,877 suggests a substantial operation, a closer look at its 990 filings reveals a significant discrepancy between its overall revenue and the revenue reported on individual 990 forms, which are consistently much lower (e.g., $478,717 in 2023). This suggests that the organization may be a trust or benefits administrator where the 'revenue' on the 990 represents administrative fees or investment income rather than total premiums or contributions managed. The organization consistently reports zero officer compensation across all filings, which is unusual for an entity of this scale and could indicate that executive compensation is paid by a related entity or is not reported in a standard manner on the 990, potentially impacting transparency regarding leadership costs.
Spending efficiency, based on the 990 filings, appears to be heavily skewed towards administrative functions relative to the reported 'expenses' on the 990s. For instance, in 2023, expenses were $4,664,559 against a reported revenue of $478,717, indicating that the reported expenses significantly exceed the reported revenue on the 990 itself. This further supports the interpretation that the 990s are likely reporting only a portion of the organization's financial activity, possibly administrative overhead for a much larger benefits program. Without a clearer understanding of the full scope of its operations and how the larger revenue figure relates to the 990-reported figures, a definitive assessment of spending efficiency is challenging.
Transparency is moderate. The consistent filing of 990s is a positive, but the disconnect between the stated 'Latest Revenue' and the revenue figures on the individual 990s, coupled with zero officer compensation, raises questions that are not immediately answered by the filings. A more detailed explanation of its operational model and how it accounts for the substantial overall revenue would enhance transparency. The NTEE code Y430 (Insurance Providers) aligns with the interpretation of a benefits trust, but the financial reporting structure makes direct comparisons to typical charities difficult.