Is Tower Automotive Non Union Retiree Veba Trust Legit?
Quick charity verification for Tower Automotive Non Union Retiree Veba Trust (EIN: 205118544)
Verdict: Tower Automotive Non Union Retiree Veba Trust shows mixed signals
65/100Mission Score
$917KRevenue
$1.3MAssets
2Red Flags
3Strengths
Red Flags
Consistent decline in assets over the past decade, from $3,083,452 in 2014 to $1,499,995 in 2023.
Expenses consistently exceed revenue, indicating reliance on asset drawdowns (e.g., 2023 revenue $77,866 vs. expenses $206,557).
Strengths
Consistent 0% officer compensation reported, indicating no executive salaries are paid from the trust.
Regular and consistent IRS 990 filing history, demonstrating transparency.
Low liabilities reported across most years, suggesting good management of short-term obligations.
Spending Breakdown
How Tower Automotive Non Union Retiree 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 Tower Automotive Non Union Retiree Veba Trust
Is Tower Automotive Non Union Retiree Veba Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Tower Automotive Non Union Retiree Veba Trust (EIN: 205118544) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is Tower Automotive Non Union Retiree Veba Trust a good charity to donate to?
Tower Automotive Non Union Retiree Veba Trust has a Mission Score of 65/100. Revenue: $917K. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tower Automotive Non Union Retiree Veba Trust?
The Employer Identification Number (EIN) for Tower Automotive Non Union Retiree Veba Trust is 205118544. 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 Tower Automotive Non Union Retiree Veba Trust spend its money?
Tower Automotive Non Union Retiree Veba Trust allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tower Automotive Non Union Retiree Veba Trust's tax-exempt status?
You can verify Tower Automotive Non Union Retiree Veba Trust's tax-exempt status using EIN 205118544 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
Tower Automotive Non Union Retiree Veba Trust appears to be a trust designed to manage benefits for retirees, rather than a traditional public charity. Its financial health shows a consistent decline in assets over the past decade, from $3,083,452 in 2014 to $1,499,995 in 2023. This trend is coupled with expenses consistently exceeding revenue, indicating that the trust is drawing down its principal to cover its obligations. For example, in 2023, revenue was $77,866 while expenses were $206,557.
The organization's spending efficiency is difficult to assess without a detailed breakdown of program service expenses versus administrative costs, which are not provided in the summary data. However, given its nature as a VEBA trust, most expenses are likely direct benefit payments or related administrative costs. The consistent lack of reported officer compensation suggests good stewardship in that area, as no top executives are drawing salaries from the trust. Transparency is generally good, with consistent IRS 990 filings available.