Adp Totalsource Inc Health Andwelfare Plan Trust
Adp Totalsource Inc Health Andwelfare Plan Trust consistently reports minimal expenses relative to substantial revenue, indicating a trust or benefit management function.
EIN: 207248306 · Miami, FL · NTEE: Y43 · Updated: 2026-03-28
Is Adp Totalsource Inc Health Andwelfare Plan Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adp Totalsource Inc Health Andwelfare Plan Trust directs 1% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Adp Totalsource Inc Health Andwelfare Plan Trust
Adp Totalsource Inc Health Andwelfare Plan Trust (EIN: 207248306) is a nonprofit organization based in Miami, FL, classified under NTEE code Y43. The organization reported total revenue of $11.7M and total assets of $44.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adp Totalsource Inc Health Andwelfare Plan Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adp Totalsource Inc Health Andwelfare Plan Trust is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 137.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32.9M |
| Total Expenses | $31 |
| Surplus / Deficit | +$32.9M |
| Total Assets | $33.0M |
| Net Assets | $33.0M |
| Operating Margin | 100.0% |
| Months of Reserves | 12768941.0 months |
Financial Health Grade: A
In 2023, Adp Totalsource Inc Health Andwelfare Plan Trust reported a surplus of $32.9M with revenue exceeding expenses, holds 12768941.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Adp Totalsource Inc Health Andwelfare Plan Trust's revenue has grown at a compound annual growth rate (CAGR) of 137.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +105090.7% | -97.0% | +25873.2% |
| 2022 | -18.0% | -6.5% | +31.2% |
| 2021 | +103.0% | +3.1% | +61.9% |
| 2020 | -10.5% | +16.9% | +42.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Adp Totalsource Inc Health Andwelfare Plan Trust with a Mission Score of 50 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 99%
- programs: 1%
- fundraising: 0%
According to IRS 990 filings, Adp Totalsource Inc Health Andwelfare Plan Trust allocates its expenses as follows: admin: 99%, programs: 1%, fundraising: 0%. Only 1% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $32.9M, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives or officers from the trust's funds. This is typical for a trust structure where administrative functions might be handled by an external entity or the parent organization (ADP TotalSource Inc).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Adp Totalsource Inc Health Andwelfare Plan Trust's IRS 990 filings:
- Extremely low reported expenses relative to revenue, which could be misleading if significant benefit disbursements are not categorized as 'expenses' on the 990.
- Lack of detailed program spending makes it difficult to assess direct impact or efficiency in a traditional nonprofit sense.
Strengths
The following positive indicators were identified for Adp Totalsource Inc Health Andwelfare Plan Trust:
- Consistent reporting of zero liabilities, indicating strong financial solvency within its trust structure.
- Consistent reporting of zero officer compensation, suggesting administrative costs for executive oversight are not borne by the trust itself.
- Significant asset accumulation (e.g., $32,986,431 in 202312) indicates robust fund management for its stated purpose.
Frequently Asked Questions about Adp Totalsource Inc Health Andwelfare Plan Trust
Is Adp Totalsource Inc Health Andwelfare Plan Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Adp Totalsource Inc Health Andwelfare Plan Trust (EIN: 207248306) some concerns. Mission Score: 50/100. 2 red flags identified, 3 strengths noted.
How does Adp Totalsource Inc Health Andwelfare Plan Trust spend its money?
Adp Totalsource Inc Health Andwelfare Plan Trust directs 1% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Adp Totalsource Inc Health Andwelfare Plan Trust tax-deductible?
Adp Totalsource Inc Health Andwelfare Plan Trust is registered as a tax-exempt nonprofit (EIN: 207248306). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary purpose of Adp Totalsource Inc Health Andwelfare Plan Trust given its financial structure?
Based on the NTEE code Y43 (Employee or Membership Benefit Organizations) and the financial data showing high revenue with minimal expenses, the trust likely serves as a vehicle to hold and manage funds for employee health and welfare benefits for ADP TotalSource Inc, rather than directly operating charitable programs.
Why are expenses so low compared to revenue, especially in 202312 where revenue was $32,859,460 and expenses were only $31?
This extreme disparity suggests the trust is not incurring significant operational expenses itself. It likely receives contributions (revenue) and then disburses these funds as benefits or transfers them, which may not be fully captured as 'expenses' in the same way a traditional charity's program costs would be. The $31 expense in 202312 is negligible and could represent minor administrative fees.
Does the lack of officer compensation indicate good governance or a different operational model?
It indicates a different operational model. For a trust managing employee benefits, it's common for administrative services, including executive oversight, to be provided by the sponsoring corporation (ADP TotalSource Inc) or a third-party administrator, rather than directly compensated by the trust itself.
How does this organization's financial health compare to a typical operating nonprofit?
It's not directly comparable. A typical operating nonprofit aims to spend a high percentage of its revenue on programs. This trust, however, accumulates assets and shows minimal direct spending, suggesting its 'health' is measured by its ability to hold and disburse funds as intended for benefits, rather than by program efficiency metrics.
Filing History
IRS 990 filing history for Adp Totalsource Inc Health Andwelfare Plan Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Adp Totalsource Inc Health Andwelfare Plan Trust's revenue has grown by 3215111.4%, moving from $1K to $32.9M. Total assets increased by 30188.6% over the same period, from $109K to $33.0M. Total functional expenses fell by 100%, from $209K to $31. In its most recent filing year (2023), Adp Totalsource Inc Health Andwelfare Plan Trust reported a surplus of $32.9M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32.9M | $31 | $33.0M | $0 | — | — |
| 2022 | $31K | $1K | $127K | $0 | — | View 990 |
| 2021 | $38K | $1K | $97K | $0 | — | View 990 |
| 2020 | $19K | $1K | $60K | $0 | — | View 990 |
| 2019 | $21K | $911 | $42K | $0 | — | View 990 |
| 2018 | $0 | $38K | $22K | $0 | — | View 990 |
| 2017 | $50K | $46K | $60K | $0 | — | View 990 |
| 2016 | $33K | $7K | $57K | $0 | — | View 990 |
| 2015 | $28K | $5K | $31K | $0 | — | View 990 |
| 2014 | $3K | $14K | $9K | $0 | — | View 990 |
| 2013 | $2K | $4K | $1K | $0 | — | View 990 |
| 2012 | $17K | $123K | $3K | $0 | — | View 990 |
| 2011 | $1K | $209K | $109K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32.9M, expenses of $31, and assets of $33.0M (revenue +105090.7% year-over-year).
- 2022: Revenue of $31K, expenses of $1K, and assets of $127K (revenue -18.0% year-over-year).
- 2021: Revenue of $38K, expenses of $1K, and assets of $97K (revenue +103.0% year-over-year).
- 2020: Revenue of $19K, expenses of $1K, and assets of $60K (revenue -10.5% year-over-year).
- 2019: Revenue of $21K, expenses of $911, and assets of $42K.
- 2018: Revenue of $0, expenses of $38K, and assets of $22K (revenue -100.0% year-over-year).
- 2017: Revenue of $50K, expenses of $46K, and assets of $60K (revenue +52.1% year-over-year).
- 2016: Revenue of $33K, expenses of $7K, and assets of $57K (revenue +17.8% year-over-year).
- 2015: Revenue of $28K, expenses of $5K, and assets of $31K (revenue +793.2% year-over-year).
- 2014: Revenue of $3K, expenses of $14K, and assets of $9K (revenue +25.4% year-over-year).
- 2013: Revenue of $2K, expenses of $4K, and assets of $1K (revenue -85.0% year-over-year).
- 2012: Revenue of $17K, expenses of $123K, and assets of $3K (revenue +1526.6% year-over-year).
- 2011: Revenue of $1K, expenses of $209K, and assets of $109K.
Data Sources and Methodology
This transparency report for Adp Totalsource Inc Health Andwelfare Plan Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.