Is Trust Agreement For Post Retirement Medical Plan For Union Employees O Legit?
Quick charity verification for Trust Agreement For Post Retirement Medical Plan For Union Employees O (EIN: 10517029)
Verdict: Trust Agreement For Post Retirement Medical Plan For Union Employees O shows mixed signals
45/100Mission Score
$7.6MRevenue
$3.7MAssets
3Red Flags
2Strengths
Red Flags
Consistent and significant operating deficits (e.g., $3.2 million deficit in 2023).
Sharp decline in total assets over recent years (from $22.2M in 2016 to $6.3M in 2023).
NTEE code Y99 ('Unknown') suggests a lack of specific categorization, potentially impacting clarity on its exact activities.
Strengths
No officer compensation reported, indicating efficient governance in executive pay.
Likely high program spending ratio, as its primary function is to disburse benefits.
Spending Breakdown
How Trust Agreement For Post Retirement Medical Plan For Union Employees O allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Trust Agreement For Post Retirement Medical Plan For Union Employees O
Is Trust Agreement For Post Retirement Medical Plan For Union Employees O a legitimate charity?
Based on AI analysis of IRS 990 filings, Trust Agreement For Post Retirement Medical Plan For Union Employees O (EIN: 10517029) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Trust Agreement For Post Retirement Medical Plan For Union Employees O a good charity to donate to?
Trust Agreement For Post Retirement Medical Plan For Union Employees O has a Mission Score of 45/100. Revenue: $7.6M. Assets: $3.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Trust Agreement For Post Retirement Medical Plan For Union Employees O?
The Employer Identification Number (EIN) for Trust Agreement For Post Retirement Medical Plan For Union Employees O is 10517029. 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 Trust Agreement For Post Retirement Medical Plan For Union Employees O spend its money?
Trust Agreement For Post Retirement Medical Plan For Union Employees O allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Trust Agreement For Post Retirement Medical Plan For Union Employees O's tax-exempt status?
You can verify Trust Agreement For Post Retirement Medical Plan For Union Employees O's tax-exempt status using EIN 10517029 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
Trust Agreement For Post Retirement Medical Plan For Union Employees O (the "Trust") exhibits a concerning trend of declining assets and consistent operating deficits over the past several years. In 2023, the Trust reported revenue of $713,380 against expenses of $3,937,580, resulting in a significant deficit. This pattern is not isolated, as 2022 also saw expenses of $3,660,124 far outstripping revenue of $282,114. The Trust's assets have plummeted from a high of $22,239,454 in 2016 to $6,335,534 in 2023, indicating a substantial draw-down on its reserves.
The organization's NTEE code Y99, which is 'Unknown,' suggests a lack of specific categorization, potentially impacting transparency regarding its exact programmatic focus. However, as a post-retirement medical plan, its primary function is likely to disburse benefits, which would fall under program expenses. The consistent absence of officer compensation reported across all filings is a positive indicator of efficient governance in that specific area, though the overall financial health is challenged by the revenue-expense imbalance.
Given the nature of a trust for post-retirement medical plans, the 'program' spending would largely be the medical benefits paid out. The significant expenses relative to revenue suggest that the Trust is fulfilling its purpose by paying out benefits, but it is doing so by drawing down its asset base. The long-term sustainability of this model is questionable without a significant increase in revenue or a reduction in benefit payouts.