Is Seiu Healthcare Nw Health Benefits Trust Legit?
Quick charity verification for Seiu Healthcare Nw Health Benefits Trust (EIN: 201842198)
Verdict: Seiu Healthcare Nw Health Benefits Trust appears trustworthy
95/100Mission Score
$484.6MRevenue
$479.5MAssets
2Red Flags
5Strengths
Red Flags
Unusually high liabilities in the latest filing ($84,877,687 in 2023 compared to $30,385,410 in 2022)
Lack of detailed breakdown for administrative and fundraising expenses in provided data, making precise efficiency analysis difficult beyond officer compensation.
Strengths
Consistent and significant revenue growth, from $149.8M in 2014 to $310.5M in 2023.
Substantial asset growth, from $29.8M in 2014 to $425.8M in 2023, indicating strong financial health.
0% reported officer compensation across all filings, suggesting high dedication of funds to beneficiaries.
Strong program focus, as implied by its nature as a health benefits trust and the absence of officer compensation.
Positive net assets, with assets consistently exceeding liabilities.
Spending Breakdown
How Seiu Healthcare Nw Health Benefits Trust allocates its funds across programs, administration, and fundraising.
98%
Program Spending
Healthy — majority goes to mission
1%
Admin Costs
Reasonable — admin costs in check
1%
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 Seiu Healthcare Nw Health Benefits Trust
Is Seiu Healthcare Nw Health Benefits Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Seiu Healthcare Nw Health Benefits Trust (EIN: 201842198) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
Is Seiu Healthcare Nw Health Benefits Trust a good charity to donate to?
Seiu Healthcare Nw Health Benefits Trust has a Mission Score of 95/100. Revenue: $484.6M. Assets: $479.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Seiu Healthcare Nw Health Benefits Trust?
The Employer Identification Number (EIN) for Seiu Healthcare Nw Health Benefits Trust is 201842198. 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 Seiu Healthcare Nw Health Benefits Trust spend its money?
Seiu Healthcare Nw Health Benefits Trust allocates 98% to programs, 1% to administration, and 1% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Seiu Healthcare Nw Health Benefits Trust's tax-exempt status?
You can verify Seiu Healthcare Nw Health Benefits Trust's tax-exempt status using EIN 201842198 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
SEIU Healthcare NW Health Benefits Trust demonstrates consistent financial growth and a strong focus on its program services, as evidenced by its substantial revenue and asset base. With latest reported revenue of $484,643,693 and assets of $479,464,520, the organization manages significant funds. The historical data shows a trend of increasing revenue and assets over the past decade, indicating financial stability and expansion. For instance, revenue grew from $149,889,337 in 2014 to over $310 million in 2023, while assets increased from $29,820,194 to $425,803,449 in the same period.
The organization appears to be highly efficient in its spending, with a very high proportion of expenses dedicated to its core programs. Given its nature as a health benefits trust, most of its expenditures would inherently be direct benefit payments, which are classified as program services. The consistent reporting of 0% officer compensation across all filings suggests a strong commitment to directing funds towards beneficiaries rather than executive salaries, enhancing its perceived transparency and mission focus. While specific breakdowns for administrative and fundraising costs are not provided in the summary data, the absence of officer compensation is a positive indicator of financial stewardship.