Is Protective Life Corporation Master Welfare Benefit Trust Legit?
Quick charity verification for Protective Life Corporation Master Welfare Benefit Trust (EIN: 206374357)
Verdict: Protective Life Corporation Master Welfare Benefit Trust appears trustworthy
70/100Mission Score
$17KRevenue
$3.6MAssets
2Red Flags
3Strengths
Red Flags
Consistent net losses with expenses significantly exceeding revenue over the past decade, leading to declining assets.
Lack of detailed program spending breakdown in public filings for a welfare benefit trust, making it hard to assess benefit distribution efficiency.
Strengths
Consistent 0% officer compensation reported, indicating no direct executive salaries from the trust.
Regular and timely IRS 990 filings, demonstrating good transparency in financial reporting.
Clear NTEE code (Y43) indicating its specific function as a welfare benefit trust, which helps in understanding its financial model.
Spending Breakdown
How Protective Life Corporation Master Welfare Benefit Trust allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Protective Life Corporation Master Welfare Benefit Trust
Is Protective Life Corporation Master Welfare Benefit Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Protective Life Corporation Master Welfare Benefit Trust (EIN: 206374357) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Protective Life Corporation Master Welfare Benefit Trust a good charity to donate to?
Protective Life Corporation Master Welfare Benefit Trust has a Mission Score of 70/100. Revenue: $17K. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Protective Life Corporation Master Welfare Benefit Trust?
The Employer Identification Number (EIN) for Protective Life Corporation Master Welfare Benefit Trust is 206374357. 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 Protective Life Corporation Master Welfare Benefit Trust spend its money?
Protective Life Corporation Master Welfare Benefit Trust allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Protective Life Corporation Master Welfare Benefit Trust's tax-exempt status?
You can verify Protective Life Corporation Master Welfare Benefit Trust's tax-exempt status using EIN 206374357 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 Protective Life Corporation Master Welfare Benefit Trust appears to be a welfare benefit trust, which typically manages funds for employee benefits rather than operating as a traditional public charity. Its financial activity shows consistent expenses significantly exceeding revenue over the past decade, leading to a steady decline in assets. For instance, in 2023, revenue was $84,236 while expenses were $266,572, resulting in a net loss. This pattern suggests it's drawing down on its principal or receiving irregular, larger contributions not reflected in annual revenue figures, which is common for such trusts. The organization consistently reports 0% officer compensation, indicating good stewardship in that area.
Given its nature as a welfare benefit trust (NTEE Y43), its financial health is assessed differently than a public charity. The consistent decline in assets from $5,925,089 in 2014 to $3,858,526 in 2023, while expected for a trust distributing benefits, warrants understanding the trust's long-term funding strategy. Its transparency is good in terms of filing its 990s, but the specific details of its benefit distributions and funding mechanisms would provide a more complete picture of its operational efficiency and financial sustainability.