Expenses generally well below revenue in positive revenue years, indicating effective management of funds.
Spending Breakdown
How The Metlife Veba 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 The Metlife Veba Trust
Is The Metlife Veba Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, The Metlife Veba Trust (EIN: 137028833) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is The Metlife Veba Trust a good charity to donate to?
The Metlife Veba Trust has a Mission Score of 85/100. Revenue: $56.8M. Assets: $985.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Metlife Veba Trust?
The Employer Identification Number (EIN) for The Metlife Veba Trust is 137028833. 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 The Metlife Veba Trust spend its money?
The Metlife Veba Trust allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Metlife Veba Trust's tax-exempt status?
You can verify The Metlife Veba Trust's tax-exempt status using EIN 137028833 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 Metlife VEBA Trust demonstrates a unique financial profile, primarily functioning as a Voluntary Employees' Beneficiary Association. Its financial health appears stable, with substantial assets consistently approaching or exceeding $900 million over the past decade, reaching $985,227,126 in the latest period. Revenue figures fluctuate significantly, including negative revenue in some years (e.g., -21,605,164 in 2022 and -33,613,369 in 2018), which is typical for VEBAs due to investment performance and benefit payouts. Expenses have generally been well below revenue in positive years, indicating efficient management of its primary purpose: providing benefits.
The organization's spending efficiency is difficult to assess using standard nonprofit metrics due to its VEBA structure. The 'expenses' reported are primarily benefit payouts and administrative costs associated with managing the trust. Without a detailed breakdown of program vs. administrative expenses, a precise efficiency ratio is not possible. However, the absence of reported officer compensation across all filings suggests a lean administrative structure or that compensation is handled through a related entity, which enhances its perceived efficiency in terms of direct compensation.
Transparency is generally good, with consistent IRS 990 filings available. The zero reported liabilities across all periods is a strong indicator of financial stability and responsible management. The lack of specific NTEE code and detailed program spending breakdown within the provided data limits a deeper analysis of its programmatic impact, but for a VEBA, the focus is on asset management and benefit distribution, which appears to be well-managed.