Is Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba Legit?
Quick charity verification for Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba (EIN: 10456644)
Verdict: Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba appears trustworthy
85/100Mission Score
$11.5MRevenue
$19.3MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown beyond total expenses, making it difficult to assess specific spending efficiency.
Consistent 0% officer compensation for an organization with significant assets and revenue, which could indicate compensation is hidden in other expense categories or an unusual operational model.
Strengths
Consistent growth in assets, demonstrating financial stability and prudent management.
Expenses consistently lower than revenue, allowing for asset accumulation.
No reported officer compensation, suggesting a potentially very lean administrative structure or volunteer leadership.
Consistent IRS 990 filing history, indicating transparency in financial reporting.
Spending Breakdown
How Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr 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 Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba
Is Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba (EIN: 10456644) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba a good charity to donate to?
Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba has a Mission Score of 85/100. Revenue: $11.5M. Assets: $19.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba?
The Employer Identification Number (EIN) for Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba is 10456644. 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 Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba spend its money?
Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba's tax-exempt status?
You can verify Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba's tax-exempt status using EIN 10456644 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
Maine Yankee Atomic Power Co Emp Welfare Benefit Pl & Tr Veba appears to be a well-managed employee welfare benefit plan, demonstrating consistent financial health over the past decade. Its assets have steadily grown, reaching $18,535,628 in 2023, indicating a stable financial foundation. The organization consistently spends less than its revenue, as seen in 2023 where revenue was $1,273,860 against expenses of $883,919, allowing for asset accumulation. The absence of reported officer compensation across all available filings suggests a lean administrative structure, which is a positive indicator for spending efficiency. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess the efficiency of program spending versus administrative overhead. The organization's consistent filing of IRS Form 990s demonstrates a commitment to transparency regarding its financial operations.