Is Seiu Local 2015 Long Term Care Workers…

Quick charity verification for Seiu Local 2015 Long Term Care Workers Health Trust Fund (EIN: 204570305)

Strengths

Consistent revenue surpluses, such as $443,229 in 202305, indicating strong financial management.
Extremely low liabilities across all periods (e.g., $3,272 in 202305), signifying minimal debt and high financial solvency.
No reported officer compensation, demonstrating a strong commitment to directing funds towards the mission.
Steady growth in assets from $10.1M in 201405 to $13.3M in 202305, building a robust financial foundation.
Positive net assets and strong liquidity, as evidenced by the low liabilities relative to assets.

Spending Breakdown

How Seiu Local 2015 Long Term Care Workers Health Trust Fund allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Local 2015 Long Term Care Workers Health Trust Fund

Is Seiu Local 2015 Long Term Care Workers Health Trust Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Seiu Local 2015 Long Term Care Workers Health Trust Fund (EIN: 204570305) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Seiu Local 2015 Long Term Care Workers Health Trust Fund a good charity to donate to?

Seiu Local 2015 Long Term Care Workers Health Trust Fund has a Mission Score of 95/100. Revenue: $12.9M. Assets: $15.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Seiu Local 2015 Long Term Care Workers Health Trust Fund?

The Employer Identification Number (EIN) for Seiu Local 2015 Long Term Care Workers Health Trust Fund is 204570305. 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 Local 2015 Long Term Care Workers Health Trust Fund spend its money?

Seiu Local 2015 Long Term Care Workers Health Trust Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Seiu Local 2015 Long Term Care Workers Health Trust Fund's tax-exempt status?

You can verify Seiu Local 2015 Long Term Care Workers Health Trust Fund's tax-exempt status using EIN 204570305 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 Local 2015 Long Term Care Workers Health Trust Fund demonstrates consistent financial health, with revenues generally exceeding expenses over the past decade. For instance, in the 202305 period, the organization reported revenues of $11,203,637 against expenses of $10,760,408, indicating a surplus. Its asset base has also shown steady growth, increasing from $10,151,116 in 201405 to $13,320,395 in 202305, suggesting prudent financial management and accumulation of reserves. The organization's liabilities have remained remarkably low across all reported periods, such as $3,272 in 202305, which is a strong indicator of financial stability and minimal debt burden.

Regarding spending efficiency, as a health trust fund, its primary expenditures would typically be direct program services (health benefits). Without a detailed breakdown of program vs. administrative vs. fundraising expenses in the provided data, a precise efficiency ratio cannot be calculated. However, the consistent operational surpluses suggest that the organization is managing its overall expenses effectively relative to its income. The absence of reported officer compensation across all filings is a significant positive indicator of transparency and a focus on mission-related spending, as it implies that executive leadership is not drawing a salary from the trust fund.

Overall, the trust fund appears to be financially sound and well-managed. Its consistent growth in assets, low liabilities, and the absence of officer compensation point towards a transparent and mission-focused operation. Further detailed expense breakdowns would enhance the assessment of spending efficiency, but the available data paints a picture of a responsible and stable financial entity serving its beneficiaries.

Is Seiu Local 2015 Long Term Care Workers Health Trust Fund Legit?

Verdict: Seiu Local 2015 Long Term Care Workers Health Trust Fund appears trustworthy