Is W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr Legit?
Quick charity verification for W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr (EIN: 161628464)
Verdict: W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr appears trustworthy
75/100Mission Score
$1.2MRevenue
$14.3MAssets
3Red Flags
3Strengths
Red Flags
Liabilities consistently exceed assets across all reported periods, indicating potential long-term solvency concerns (e.g., $13.8M liabilities vs. $11.0M assets in 2023).
Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.
NTEE code is unknown, which limits understanding of its specific operational category and comparable benchmarks.
Strengths
Consistent asset growth over the past decade, from $6.0 million in 2014 to $11.0 million in 2023.
Reports 0% officer compensation across all filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries.
Expenses are generally well below revenue, allowing for asset accumulation and financial stability in most years (e.g., $629,100 expenses vs. $1,013,372 revenue in 2023).
Spending Breakdown
How W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr 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 W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr
Is W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr (EIN: 161628464) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr a good charity to donate to?
W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr has a Mission Score of 75/100. Revenue: $1.2M. Assets: $14.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr?
The Employer Identification Number (EIN) for W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr is 161628464. 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 W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr spend its money?
W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr's tax-exempt status?
You can verify W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr's tax-exempt status using EIN 161628464 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 W Palm Beach Assoc Of Firefighters Retiree Health Benefit Fund Tr appears to be a stable organization focused on its stated purpose, as evidenced by its consistent financial filings. Over the past several years, the organization has maintained a healthy asset base, growing from $6.0 million in 2014 to $11.0 million in 2023. Its revenue has fluctuated but generally remained strong, with the latest reported revenue at $1,013,372 in 2023. The organization consistently reports 0% officer compensation, which is a positive indicator for transparency and efficient use of funds, suggesting that resources are directed towards the benefit fund rather than executive salaries.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not explicitly provided in the summary data. However, the consistent reporting of expenses significantly lower than revenue in most years (e.g., $629,100 expenses vs. $1,013,372 revenue in 2023) suggests that the organization is managing its finances prudently and building its asset base. The primary concern is the consistent reporting of liabilities exceeding assets, which warrants further investigation into the nature of these liabilities and their long-term implications for the fund's solvency.
Overall, the organization demonstrates a commitment to its mission through its financial practices. The absence of officer compensation and the growth in assets over time are positive signs. However, a deeper dive into the composition of expenses and the persistent asset-liability imbalance would provide a more complete picture of its financial health and long-term sustainability.