Quick charity verification for Washington Farm Bureau Health Care Tr (EIN: 202326700)
Verdict: Washington Farm Bureau Health Care Tr appears trustworthy
95/100Mission Score
$29.9MRevenue
$6.0MAssets
2Red Flags
4Strengths
Red Flags
Unusually low administrative expenses (1%) given the scale of operations, which might suggest some operational costs are categorized differently or absorbed by an affiliate.
Consistent 0% officer compensation for an organization with over $25 million in annual revenue is highly atypical and warrants further investigation into how leadership is compensated or structured.
Strengths
Extremely high program spending ratio (99%), indicating nearly all funds go directly to its mission.
Healthy asset growth and low liabilities, reflecting strong financial management.
No reported officer compensation, suggesting a strong commitment to directing funds towards beneficiaries.
Spending Breakdown
How Washington Farm Bureau Health Care Tr allocates its funds across programs, administration, and fundraising.
99%
Program Spending
Healthy — majority goes to mission
1%
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 Washington Farm Bureau Health Care Tr
Is Washington Farm Bureau Health Care Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington Farm Bureau Health Care Tr (EIN: 202326700) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 4 strengths noted.
Is Washington Farm Bureau Health Care Tr a good charity to donate to?
Washington Farm Bureau Health Care Tr has a Mission Score of 95/100. Revenue: $29.9M. Assets: $6.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Washington Farm Bureau Health Care Tr?
The Employer Identification Number (EIN) for Washington Farm Bureau Health Care Tr is 202326700. 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 Washington Farm Bureau Health Care Tr spend its money?
Washington Farm Bureau Health Care Tr allocates 99% to programs, 1% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Washington Farm Bureau Health Care Tr's tax-exempt status?
You can verify Washington Farm Bureau Health Care Tr's tax-exempt status using EIN 202326700 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 Washington Farm Bureau Health Care Trust demonstrates consistent financial activity, with revenues and expenses closely aligned over the past decade. For instance, in 2023, revenue was $26,029,152 against expenses of $25,989,004, indicating a tight operational margin. The organization's assets have shown steady growth, reaching $5,709,908 in 2023, while liabilities have remained relatively low, at $709,851 in the same year, suggesting good financial management and solvency. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards its primary purpose rather than executive salaries, which is a positive indicator of spending efficiency and transparency. The NTEE code Y43, which typically relates to insurance providers or health care financing, aligns with the nature of a 'Health Care Tr' and suggests its primary activities are directly related to providing or facilitating health care benefits.