Quick charity verification for Ny44 Health Benefits Plan Tr (EIN: 141886527)
Verdict: Ny44 Health Benefits Plan Tr appears trustworthy
90/100Mission Score
$152.3MRevenue
$63.8MAssets
1Red Flags
4Strengths
Red Flags
Significant fluctuation in annual revenue over the past decade, indicating potential instability in funding or membership.
Strengths
Consistent financial surpluses, with revenues generally exceeding expenses (e.g., 202306: $126.8M revenue vs $119.4M expenses).
Strong asset growth, increasing from $23.2M in 201906 to $74.7M in 202306, enhancing financial stability.
Zero reported officer compensation across all filings, indicating high efficiency in executive overhead and strong commitment to mission spending.
Manageable liabilities relative to assets, demonstrating a healthy balance sheet (e.g., 202306: $74.7M assets vs $15.1M liabilities).
Spending Breakdown
How Ny44 Health Benefits Plan Tr 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 Ny44 Health Benefits Plan Tr
Is Ny44 Health Benefits Plan Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Ny44 Health Benefits Plan Tr (EIN: 141886527) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Ny44 Health Benefits Plan Tr a good charity to donate to?
Ny44 Health Benefits Plan Tr has a Mission Score of 90/100. Revenue: $152.3M. Assets: $63.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ny44 Health Benefits Plan Tr?
The Employer Identification Number (EIN) for Ny44 Health Benefits Plan Tr is 141886527. 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 Ny44 Health Benefits Plan Tr spend its money?
Ny44 Health Benefits Plan Tr allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ny44 Health Benefits Plan Tr's tax-exempt status?
You can verify Ny44 Health Benefits Plan Tr's tax-exempt status using EIN 141886527 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
Ny44 Health Benefits Plan Tr demonstrates consistent financial operations as a health benefits plan. Over the past several years, the organization has maintained a healthy financial position, with revenues generally exceeding expenses. For instance, in the 202306 period, revenue was $126,809,593 against expenses of $119,408,852, indicating a surplus. The organization's assets have also shown growth, increasing from $23,278,561 in 201906 to $74,731,714 in 202306, suggesting prudent financial management and accumulation of reserves. Liabilities have remained manageable relative to assets, indicating a stable balance sheet.
Spending efficiency appears strong, given the nature of a health benefits plan where the vast majority of expenses are directly related to providing benefits (programs). While specific program, administrative, and fundraising breakdowns aren't explicitly detailed in the provided summary, the overall expense ratios suggest that most funds are directed towards the core mission. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the plan's beneficiaries rather than executive salaries. This practice enhances trust and suggests a highly efficient operational model in terms of executive overhead.
Overall, Ny44 Health Benefits Plan Tr exhibits robust financial health, with consistent revenue generation, asset growth, and controlled liabilities. The absence of officer compensation is a notable strength in transparency and efficiency. The organization appears to be effectively managing its resources to fulfill its purpose as a health benefits plan.