Is Retirement Enhancement And Benefit Alternatives Veba Tr Ii Legit?

Quick charity verification for Retirement Enhancement And Benefit Alternatives Veba Tr Ii (EIN: 201902342)

Verdict: Retirement Enhancement And Benefit Alternatives Veba Tr Ii appears trustworthy

95/100Mission Score
$1.3MRevenue
$7.8MAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

Spending Breakdown

How Retirement Enhancement And Benefit Alternatives Veba Tr Ii 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 Retirement Enhancement And Benefit Alternatives Veba Tr Ii

Is Retirement Enhancement And Benefit Alternatives Veba Tr Ii a legitimate charity?

Based on AI analysis of IRS 990 filings, Retirement Enhancement And Benefit Alternatives Veba Tr Ii (EIN: 201902342) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Retirement Enhancement And Benefit Alternatives Veba Tr Ii a good charity to donate to?

Retirement Enhancement And Benefit Alternatives Veba Tr Ii has a Mission Score of 95/100. Revenue: $1.3M. Assets: $7.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Retirement Enhancement And Benefit Alternatives Veba Tr Ii?

The Employer Identification Number (EIN) for Retirement Enhancement And Benefit Alternatives Veba Tr Ii is 201902342. 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 Retirement Enhancement And Benefit Alternatives Veba Tr Ii spend its money?

Retirement Enhancement And Benefit Alternatives Veba Tr Ii allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Retirement Enhancement And Benefit Alternatives Veba Tr Ii's tax-exempt status?

You can verify Retirement Enhancement And Benefit Alternatives Veba Tr Ii's tax-exempt status using EIN 201902342 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

Retirement Enhancement And Benefit Alternatives Veba Tr Ii demonstrates consistent financial stability with a healthy asset base. Over the past three years (2021-2023), the organization has consistently reported revenues exceeding expenses, leading to an increase in net assets. For instance, in 2023, revenue was $1,273,715 against expenses of $850,505, contributing to its $7,450,888 in assets. The organization's liabilities have consistently been reported as $0 across all available filings, indicating a strong balance sheet and no reliance on debt. The organization's spending efficiency appears strong, as evidenced by the consistent surplus of revenue over expenses in most years. While a detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided in the summary data, the absence of reported officer compensation across all filings suggests a lean operational structure, which can contribute to higher program efficiency. The NTEE code Y43 (Voluntary Employees' Beneficiary Associations (VEBAs)) suggests its primary function is to provide benefits, which inherently aligns with program spending. Transparency is a notable strength, particularly with the consistent reporting of $0 in liabilities and $0 in officer compensation across all 13 filings. This level of detail, even in summary, provides a clear picture of financial health and operational practices. The consistent filing history further enhances its transparency profile, allowing for a long-term view of its financial trajectory.

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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