Is Nisource Non Union Life And Medical Benefits Veba Trust Legit?

Quick charity verification for Nisource Non Union Life And Medical Benefits Veba Trust (EIN: 206907686)

Verdict: Nisource Non Union Life And Medical Benefits Veba Trust appears trustworthy

85/100Mission Score
$12.9MRevenue
$62.1MAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Nisource Non Union Life And Medical Benefits Veba Trust allocates its funds across programs, administration, and fundraising.

95%
Program Spending
Healthy — majority goes to mission
5%
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 Nisource Non Union Life And Medical Benefits Veba Trust

Is Nisource Non Union Life And Medical Benefits Veba Trust a legitimate charity?

Based on AI analysis of IRS 990 filings, Nisource Non Union Life And Medical Benefits Veba Trust (EIN: 206907686) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Nisource Non Union Life And Medical Benefits Veba Trust a good charity to donate to?

Nisource Non Union Life And Medical Benefits Veba Trust has a Mission Score of 85/100. Revenue: $12.9M. Assets: $62.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Nisource Non Union Life And Medical Benefits Veba Trust?

The Employer Identification Number (EIN) for Nisource Non Union Life And Medical Benefits Veba Trust is 206907686. 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 Nisource Non Union Life And Medical Benefits Veba Trust spend its money?

Nisource Non Union Life And Medical Benefits Veba Trust allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Nisource Non Union Life And Medical Benefits Veba Trust's tax-exempt status?

You can verify Nisource Non Union Life And Medical Benefits Veba Trust's tax-exempt status using EIN 206907686 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

Nisource Non Union Life And Medical Benefits Veba Trust appears to be a well-established organization with a consistent filing history, indicating good transparency in its financial reporting. The organization consistently files its IRS Form 990, providing public access to its financial data. Its primary function, as suggested by its name and NTEE code (Y43 - Employee or Volunteer Welfare & Benefit Funds), is likely to manage benefits, which often involves significant payouts rather than traditional 'program spending' in the charitable sense. This is reflected in its expense patterns, which frequently exceed revenue, drawing down on its substantial asset base. For example, in 2023, expenses were $10,417,418 against revenue of $5,111,999, and in 2022, expenses were $8,507,847 against revenue of only $207,535. This operational model is typical for VEBA trusts, which are designed to hold assets to pay for future benefits. The financial health, while showing consistent net losses in many years, is supported by a robust asset base. As of the latest filing, assets stood at $62,001,726, which is substantial even when considering the liabilities of $83,474. The organization's spending efficiency should be viewed through the lens of a benefits trust, where the 'program' is the distribution of benefits. The absence of officer compensation further suggests that administrative costs might be relatively low, or handled by an external entity, which is a positive indicator for efficiency within its specific operational context. The consistent decline in assets from a high of $95,601,055 in 2014 to $62,001,726 in 2023 is a trend to monitor, but not necessarily a red flag for a trust designed to disburse funds.

View Full Transparency Report →

Disclaimer

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

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