Is Trustees Of Life Benefit Plan 401 K Plan Legit?
Quick charity verification for Trustees Of Life Benefit Plan 401 K Plan (EIN: 111708617)
Verdict: Trustees Of Life Benefit Plan 401 K Plan appears trustworthy
85/100Mission Score
$4.9MRevenue
$5.2MAssets
1Red Flags
4Strengths
Red Flags
NTEE Code is unknown, which can make it difficult to categorize and compare with similar organizations, though its name clearly indicates its function as a benefit plan.
Strengths
Consistent asset growth, increasing from $1.16 million in 2014 to $5.05 million in 2023, indicating sound financial management.
Zero reported officer compensation across all filings, suggesting no direct personal financial benefit to leadership.
Consistent filing of IRS 990 forms, demonstrating transparency in financial reporting.
Stable financial operations with revenues generally exceeding or closely matching expenses, leading to asset accumulation.
Spending Breakdown
How Trustees Of Life Benefit Plan 401 K Plan allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
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 Trustees Of Life Benefit Plan 401 K Plan
Is Trustees Of Life Benefit Plan 401 K Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Trustees Of Life Benefit Plan 401 K Plan (EIN: 111708617) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Trustees Of Life Benefit Plan 401 K Plan a good charity to donate to?
Trustees Of Life Benefit Plan 401 K Plan has a Mission Score of 85/100. Revenue: $4.9M. Assets: $5.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Trustees Of Life Benefit Plan 401 K Plan?
The Employer Identification Number (EIN) for Trustees Of Life Benefit Plan 401 K Plan is 111708617. 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 Trustees Of Life Benefit Plan 401 K Plan spend its money?
Trustees Of Life Benefit Plan 401 K Plan allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Trustees Of Life Benefit Plan 401 K Plan's tax-exempt status?
You can verify Trustees Of Life Benefit Plan 401 K Plan's tax-exempt status using EIN 111708617 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
Trustees Of Life Benefit Plan 401 K Plan appears to be a retirement plan rather than a traditional public charity, which significantly impacts the interpretation of its financial data. Its primary function is likely to manage and disburse retirement benefits. The organization consistently reports zero officer compensation across all available filings, indicating a lack of direct personal financial benefit to its leadership from the plan's operations. Revenue and assets have shown consistent growth over the past decade, with assets increasing from $1,160,586 in 2014 to $5,055,942 in 2023, suggesting sound financial management of the plan's holdings. The organization's expenses are generally in line with its revenue, with a slight surplus in most years, contributing to asset growth. Given its nature as a benefit plan, traditional metrics for 'spending efficiency' or 'program focus' for a public charity do not directly apply. Transparency is indicated by consistent IRS 990 filings, which are publicly available.