Is Seafarers Health And Benefits Plan Legit?

Quick charity verification for Seafarers Health And Benefits Plan (EIN: 135557534)

Verdict: Seafarers Health And Benefits Plan appears trustworthy

85/100Mission Score
$662.4MRevenue
$493.0MAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Seafarers Health And Benefits Plan 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 Seafarers Health And Benefits Plan

Is Seafarers Health And Benefits Plan a legitimate charity?

Based on AI analysis of IRS 990 filings, Seafarers Health And Benefits Plan (EIN: 135557534) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Seafarers Health And Benefits Plan a good charity to donate to?

Seafarers Health And Benefits Plan has a Mission Score of 85/100. Revenue: $662.4M. Assets: $493.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Seafarers Health And Benefits Plan?

The Employer Identification Number (EIN) for Seafarers Health And Benefits Plan is 135557534. 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 Seafarers Health And Benefits Plan spend its money?

Seafarers Health And Benefits Plan allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Seafarers Health And Benefits Plan's tax-exempt status?

You can verify Seafarers Health And Benefits Plan's tax-exempt status using EIN 135557534 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

Seafarers Health And Benefits Plan demonstrates consistent financial growth and a strong asset base, with assets growing from $86.9 million in 2014 to $424.2 million in 2023. The organization consistently reports zero officer compensation, which is unusual for an entity of its size and could indicate that executive compensation is reported under other categories or that the plan is administered by an external entity. This lack of direct officer compensation on the 990s, while potentially positive for perceived efficiency, warrants further investigation to understand the full compensation structure for key management personnel. The organization's revenue has also shown significant growth, from $72.4 million in 2014 to $135.8 million in 2023, indicating a healthy financial trajectory. The consistent positive difference between revenue and expenses suggests sound financial management and an ability to build reserves.

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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