Is Midwest Teamsters Health Reimbursement…

Quick charity verification for Midwest Teamsters Health Reimbursement Arrangement Tr Fund (EIN: 202288018)

Strengths

Consistent asset growth, from $6.9 million in 2014 to $9.5 million in 2023, indicating strong financial management.
No reported officer compensation across all 13 filings, suggesting high efficiency in executive overhead.
Revenues consistently exceed expenses in most periods, leading to healthy surpluses and asset accumulation.
Low liabilities across all periods, demonstrating a strong balance sheet and minimal debt burden.
Consistent IRS 990 filing history over 13 periods, indicating strong transparency and compliance.

Spending Breakdown

How Midwest Teamsters Health Reimbursement Arrangement Tr Fund allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

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 Midwest Teamsters Health Reimbursement Arrangement Tr Fund

Is Midwest Teamsters Health Reimbursement Arrangement Tr Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Midwest Teamsters Health Reimbursement Arrangement Tr Fund (EIN: 202288018) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is Midwest Teamsters Health Reimbursement Arrangement Tr Fund a good charity to donate to?

Midwest Teamsters Health Reimbursement Arrangement Tr Fund has a Mission Score of 90/100. Revenue: $902K. Assets: $9.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Midwest Teamsters Health Reimbursement Arrangement Tr Fund?

The Employer Identification Number (EIN) for Midwest Teamsters Health Reimbursement Arrangement Tr Fund is 202288018. 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 Midwest Teamsters Health Reimbursement Arrangement Tr Fund spend its money?

Midwest Teamsters Health Reimbursement Arrangement Tr Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Midwest Teamsters Health Reimbursement Arrangement Tr Fund's tax-exempt status?

You can verify Midwest Teamsters Health Reimbursement Arrangement Tr Fund's tax-exempt status using EIN 202288018 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

The Midwest Teamsters Health Reimbursement Arrangement Tr Fund demonstrates consistent financial stability, with assets steadily growing over the past decade, reaching $9,585,127 as of its latest filing. The organization consistently maintains a healthy surplus, with revenues generally exceeding expenses, as seen in the 202312 period where revenue was $899,433 against expenses of $781,072. This indicates effective management of its financial resources. The fund's primary purpose, as suggested by its name and NTEE code (Y43 - Employee or Member Welfare Benefit Funds), is likely to manage health reimbursement arrangements for its members, which typically involves direct benefit payments rather than extensive programmatic spending in the traditional sense. The absence of reported officer compensation across all filings suggests a lean administrative structure or that compensation is handled through a related entity, which enhances its spending efficiency from a direct compensation perspective.

Given its nature as a trust fund, the organization's financial health is largely tied to its ability to manage and disburse funds for member benefits. The consistent growth in assets, despite fluctuations in annual revenue, points to prudent financial stewardship. The low liabilities across all periods, such as $20,257 in 202312, further underscore its strong financial position and minimal debt burden. The organization's transparency is bolstered by its consistent filing of IRS Form 990s over 13 periods, providing a clear historical record of its financial operations.

While specific program spending details are not explicitly broken down in the provided summary, the overall financial picture suggests a well-managed entity focused on its core function. The lack of officer compensation is a notable positive for efficiency, and the consistent asset growth indicates long-term sustainability. The organization appears to be a stable and responsible steward of its funds, aligning with its role as a benefit trust.

Is Midwest Teamsters Health Reimbursement Arrangement Tr Fund Legit?

Verdict: Midwest Teamsters Health Reimbursement Arrangement Tr Fund appears trustworthy