Quick charity verification for Nysut Retiree Veba Health Fund (EIN: 146204878)
Verdict: Nysut Retiree Veba Health Fund appears trustworthy
92/100Mission Score
$18.6MRevenue
$50.6MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed administrative expense breakdown in summary data, though typical for VEBAs where benefit administration is often integrated.
Strengths
Consistent asset growth, from $23.4 million in 2014 to $40 million in 2023, demonstrating strong financial health.
Zero reported officer compensation across all filings, indicating highly efficient administrative spending.
Strong solvency with very low liabilities relative to assets (e.g., $84,724 liabilities vs. $40 million assets in 2023).
Consistent revenue generation and expense management, with surpluses contributing to the fund's stability.
Clear mission focus on providing retiree health benefits, as evidenced by its VEBA structure and NTEE code.
Spending Breakdown
How Nysut Retiree Veba Health Fund 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 Nysut Retiree Veba Health Fund
Is Nysut Retiree Veba Health Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Nysut Retiree Veba Health Fund (EIN: 146204878) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Nysut Retiree Veba Health Fund a good charity to donate to?
Nysut Retiree Veba Health Fund has a Mission Score of 92/100. Revenue: $18.6M. Assets: $50.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nysut Retiree Veba Health Fund?
The Employer Identification Number (EIN) for Nysut Retiree Veba Health Fund is 146204878. 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 Nysut Retiree Veba Health Fund spend its money?
Nysut Retiree Veba Health Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nysut Retiree Veba Health Fund's tax-exempt status?
You can verify Nysut Retiree Veba Health Fund's tax-exempt status using EIN 146204878 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 Nysut Retiree Veba Health Fund demonstrates consistent financial health, primarily operating as a VEBA (Voluntary Employees' Beneficiary Association) to provide health benefits. Its revenue has shown significant growth over the past decade, from $5.4 million in 2014 to $11.9 million in 2023, indicating a stable funding base. The organization consistently maintains a healthy asset-to-liability ratio, with assets of $40 million against liabilities of $84,724 in 2023, suggesting strong financial solvency and prudent management of its benefit obligations.
Spending efficiency is high, as the primary function of a VEBA is to disburse benefits, which are considered program expenses. The filings consistently show expenses closely tracking revenue, with a surplus in most years contributing to asset growth, which is appropriate for a fund designed to secure future benefits. For instance, in 2023, expenses were $11.08 million against $11.91 million in revenue. The absence of reported officer compensation across all filings indicates a lean administrative structure, further enhancing efficiency.
Transparency appears strong given the consistent filing of IRS Form 990s over 13 periods. The detailed financial data provided in these filings allows for clear oversight of the fund's operations, revenue streams, and expenditures. The nature of a VEBA, focused on member benefits, inherently aligns with a high degree of accountability to its beneficiaries.