Is National Utility Contractors Association Of Rhode Island Legit?
Quick charity verification for National Utility Contractors Association Of Rhode Island (EIN: 10649850)
Verdict: National Utility Contractors Association Of Rhode Island appears trustworthy
85/100Mission Score
$153KRevenue
$405KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent financial surpluses, with revenue exceeding expenses in most periods (e.g., $175,360 revenue vs. $66,713 expenses in 202312).
Zero reported officer compensation across all filings, indicating strong financial transparency and potentially volunteer leadership.
Healthy asset growth, with assets increasing from $160,771 in 201612 to $396,617 in 202312.
Low liabilities relative to assets, demonstrating strong financial stability (e.g., $1,205 liabilities vs. $396,617 assets in 202312).
Spending Breakdown
How National Utility Contractors Association Of Rhode Island allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 National Utility Contractors Association Of Rhode Island
Is National Utility Contractors Association Of Rhode Island a legitimate charity?
Based on AI analysis of IRS 990 filings, National Utility Contractors Association Of Rhode Island (EIN: 10649850) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is National Utility Contractors Association Of Rhode Island a good charity to donate to?
National Utility Contractors Association Of Rhode Island has a Mission Score of 85/100. Revenue: $153K. Assets: $405K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for National Utility Contractors Association Of Rhode Island?
The Employer Identification Number (EIN) for National Utility Contractors Association Of Rhode Island is 10649850. 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 National Utility Contractors Association Of Rhode Island spend its money?
National Utility Contractors Association Of Rhode Island allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify National Utility Contractors Association Of Rhode Island's tax-exempt status?
You can verify National Utility Contractors Association Of Rhode Island's tax-exempt status using EIN 10649850 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 National Utility Contractors Association Of Rhode Island (NUCA RI) demonstrates a generally stable financial position, with assets consistently exceeding liabilities. In the latest filing (202312), the organization reported revenue of $175,360 against expenses of $66,713, resulting in a significant surplus. This trend of revenue exceeding expenses is common, indicating sound financial management and an ability to build reserves, as evidenced by assets growing to $396,617. The organization's NTEE code S41 suggests it is a business or professional organization, and its financial activities align with supporting its members rather than direct public programs.
Spending efficiency appears strong, particularly in the most recent period where expenses were relatively low compared to revenue. Given the nature of a professional association, a significant portion of expenses would likely be allocated to member services, advocacy, and operational costs. The consistent reporting of 0% officer compensation is a notable aspect of its financial transparency and operational model, suggesting a volunteer-led or minimally compensated leadership structure.
Overall, NUCA RI appears to be a financially healthy and transparent organization, particularly concerning executive compensation. Its consistent asset growth and generally positive revenue-to-expense ratios across multiple years indicate a well-managed entity. The lack of detailed program spending breakdowns in the provided data makes a precise assessment of program efficiency challenging, but the overall financial health is positive.