Quick charity verification for Local 475 Health Plan (EIN: 136179467)
Verdict: Local 475 Health Plan appears trustworthy
85/100Mission Score
$8.0MRevenue
$21.7MAssets
3Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Unknown NTEE code hinders peer comparison
0% officer compensation for an organization of this size is unusual and warrants further scrutiny for reporting accuracy.
Strengths
Consistent revenue growth, from $4.8M in 2014 to $8.0M in 2023
Significant asset accumulation, growing from $2.0M in 2014 to $17.7M in 2023
Healthy financial surpluses in most years, indicating strong financial management
Low liabilities relative to assets, demonstrating financial stability
No reported officer compensation, suggesting resources are directed elsewhere (e.g., programs or reserves)
Spending Breakdown
How Local 475 Health Plan allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Local 475 Health Plan
Is Local 475 Health Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Local 475 Health Plan (EIN: 136179467) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 5 strengths noted.
Is Local 475 Health Plan a good charity to donate to?
Local 475 Health Plan has a Mission Score of 85/100. Revenue: $8.0M. Assets: $21.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Local 475 Health Plan?
The Employer Identification Number (EIN) for Local 475 Health Plan is 136179467. 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 Local 475 Health Plan spend its money?
Local 475 Health Plan allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Local 475 Health Plan's tax-exempt status?
You can verify Local 475 Health Plan's tax-exempt status using EIN 136179467 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
Local 475 Health Plan demonstrates consistent financial growth and strong asset accumulation over the past decade. In the 2023 fiscal period, the organization reported revenues of $8,024,438 against expenses of $6,077,035, resulting in a significant surplus. This trend of revenue exceeding expenses is consistent across most years, contributing to a substantial increase in assets from $2,056,436 in 2014 to $17,720,882 in 2023. The organization's liabilities remain relatively low compared to its assets, indicating a healthy balance sheet.
The organization appears to be financially stable and efficient in its operations, as evidenced by its consistent surpluses. The absence of reported officer compensation across all available filings suggests a high degree of financial prudence and a focus on mission-related spending, which is a positive indicator for a nonprofit. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The NTEE code being unknown also limits the ability to benchmark against similar organizations.
Overall, Local 475 Health Plan exhibits strong financial health with robust asset growth and responsible management of liabilities. The lack of officer compensation is a notable strength in terms of transparency and resource allocation. Further detail on expense allocation would enhance the transparency report.