Is Weathervane Seafoods Health And Welfare Tr Legit?
Quick charity verification for Weathervane Seafoods Health And Welfare Tr (EIN: 16129359)
Verdict: Weathervane Seafoods Health And Welfare Tr shows mixed signals
45/100Mission Score
$75KRevenue
$3KAssets
4Red Flags
3Strengths
Red Flags
Significant net loss in the latest fiscal year ($124,136 in 2022).
Drastic decline in assets from $126,820 in 2021 to $2,685 in 2022.
Revenue in 2022 ($74,636) is significantly lower than previous years (e.g., $367,280 in 2021, $597,130 in 2020).
Lack of NTEE code, which limits understanding of its specific programmatic focus and impact.
Strengths
Consistent reporting of 0% officer compensation, indicating low executive overhead.
No reported liabilities across all available filing periods, suggesting sound debt management.
Consistent filing of IRS 990 forms, demonstrating basic compliance and transparency.
Spending Breakdown
How Weathervane Seafoods Health And Welfare Tr allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Weathervane Seafoods Health And Welfare Tr
Is Weathervane Seafoods Health And Welfare Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Weathervane Seafoods Health And Welfare Tr (EIN: 16129359) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
Is Weathervane Seafoods Health And Welfare Tr a good charity to donate to?
Weathervane Seafoods Health And Welfare Tr has a Mission Score of 45/100. Revenue: $75K. Assets: $3K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Weathervane Seafoods Health And Welfare Tr?
The Employer Identification Number (EIN) for Weathervane Seafoods Health And Welfare Tr is 16129359. 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 Weathervane Seafoods Health And Welfare Tr spend its money?
Weathervane Seafoods Health And Welfare Tr allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Weathervane Seafoods Health And Welfare Tr's tax-exempt status?
You can verify Weathervane Seafoods Health And Welfare Tr's tax-exempt status using EIN 16129359 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
Weathervane Seafoods Health And Welfare Tr exhibits a concerning financial trend, with a significant deficit in its latest fiscal period. In 2022, the organization reported revenue of $74,636 against expenses of $198,772, resulting in a net loss of $124,136. This marks a substantial decline from previous years, where revenue often exceeded or closely matched expenses, such as in 2021 with revenue of $367,280 and expenses of $267,452. The organization's assets have also plummeted from $126,820 in 2021 to a mere $2,685 in 2022, indicating a rapid depletion of financial reserves.
The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this specific area, which is a positive indicator of spending efficiency. However, without a detailed breakdown of expenses beyond the summary data, it's challenging to fully assess the efficiency of program spending versus other administrative or fundraising costs. The lack of liabilities across all reported periods is a strong positive, indicating sound debt management.
While the organization consistently files its IRS 990s, providing a basic level of transparency, the absence of an NTEE code and detailed expense categories limits a deeper understanding of its operational focus and spending efficiency. The dramatic drop in assets and the significant deficit in the latest year raise questions about the sustainability of its operations and its ability to continue fulfilling its mission without substantial changes to its financial model.