Is National Fuel Gas Distribution Corp Ny Div Vol Emp Ben Assoc For Non Legit?

Quick charity verification for National Fuel Gas Distribution Corp Ny Div Vol Emp Ben Assoc For Non (EIN: 161438193)

Verdict: National Fuel Gas Distribution Corp Ny Div Vol Emp Ben Assoc For Non appears trustworthy

75/100Mission Score
$2.6MRevenue
$43.2MAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

National Fuel Gas Distribution Corp Ny Div Vol Emp Ben Assoc For Non appears to be a voluntary employees' beneficiary association (VEBA), which typically manages employee benefits. Its financial health shows significant fluctuations in revenue and expenses over the past decade. For instance, in 2023, the organization reported revenue of $2,921,738 against expenses of $5,063,667, indicating a substantial deficit for the year. This trend of expenses exceeding revenue is observed in multiple years, such as 2021 ($4,762,514 revenue vs. $5,257,313 expenses) and 2019 ($961,228 revenue vs. $4,261,955 expenses). However, there are also years like 2022 where revenue ($3,802,797) significantly outpaced expenses ($2,477,079). The organization consistently reports zero officer compensation, which is a positive indicator for transparency regarding executive pay. Given its nature as a VEBA, its 'program spending' would likely be benefit disbursements, and without a detailed breakdown of expenses, it's challenging to assess the efficiency of its administrative and fundraising components. The substantial assets, consistently above $43 million, suggest a stable financial base despite annual operating deficits in some periods.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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