Atlantic Telephone Membershipcorporation Retiree Welfare Trust
Retiree Welfare Trust shows strong asset growth but recent filing reveals significant deficit and increased liabilities.
EIN: 208662055 · Shallotte, NC · NTEE: Y43 · Updated: 2026-03-28
Is Atlantic Telephone Membershipcorporation Retiree Welfare Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Atlantic Telephone Membershipcorporation Retiree Welfare Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Atlantic Telephone Membershipcorporation Retiree Welfare Trust
Atlantic Telephone Membershipcorporation Retiree Welfare Trust (EIN: 208662055) is a nonprofit organization based in Shallotte, NC, classified under NTEE code Y43. The organization reported total revenue of $18.3M and total assets of $13.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlantic Telephone Membershipcorporation Retiree Welfare Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Atlantic Telephone Membershipcorporation Retiree Welfare Trust with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Atlantic Telephone Membershipcorporation Retiree Welfare Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers are receiving salaries from the organization, which is highly favorable for a trust of this size.
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 Atlantic Telephone Membershipcorporation Retiree Welfare Trust's IRS 990 filings:
- Significant deficit in the latest fiscal period (202312) where expenses ($5,018,148) far exceeded revenue ($1,149,646).
- Sudden increase in liabilities to $22,434 in 202312 after reporting $0 for several preceding years.
Strengths
The following positive indicators were identified for Atlantic Telephone Membershipcorporation Retiree Welfare Trust:
- Consistent asset growth over the past decade, from $8.1 million in 2014 to nearly $14 million in 2023.
- No reported officer compensation across all available filings, indicating efficient use of funds for its stated purpose.
- Generally strong financial performance with revenues exceeding expenses in most years prior to 2023.
- Clear programmatic focus as an Employee or Membership Benefit Organization (NTEE Y43).
Frequently Asked Questions about Atlantic Telephone Membershipcorporation Retiree Welfare Trust
Is Atlantic Telephone Membershipcorporation Retiree Welfare Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Atlantic Telephone Membershipcorporation Retiree Welfare Trust (EIN: 208662055) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Atlantic Telephone Membershipcorporation Retiree Welfare Trust spend its money?
Atlantic Telephone Membershipcorporation Retiree Welfare Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Atlantic Telephone Membershipcorporation Retiree Welfare Trust tax-deductible?
Atlantic Telephone Membershipcorporation Retiree Welfare Trust is registered as a tax-exempt nonprofit (EIN: 208662055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in expenses and liabilities in the 2023 fiscal period?
The 202312 filing shows expenses of $5,018,148, a substantial jump from $877,291 in 202212, and liabilities increased to $22,434 from $0. The specific reasons for this dramatic change are not detailed in the provided summary data and would require reviewing the full IRS Form 990 for that period.
Is the organization financially stable despite the 2023 deficit?
While the 2023 deficit is concerning, the organization still holds significant assets of $13,988,935. Its long-term trend of asset growth and generally positive net income in prior years suggests a degree of underlying stability, but the 2023 performance needs to be monitored closely.
How does the organization fund its operations?
Based on the revenue figures, the organization primarily generates income through various sources, likely including investment returns and potentially contributions or fees related to its welfare trust purpose. For example, in 202212, it reported $1,116,655 in revenue.
Filing History
IRS 990 filing history for Atlantic Telephone Membershipcorporation Retiree Welfare Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Atlantic Telephone Membershipcorporation Retiree Welfare Trust's revenue has declined by 30.2%, moving from $1.6M to $1.1M. Total assets increased by 259.5% over the same period, from $3.9M to $14.0M. Total functional expenses rose by 949.3%, from $478K to $5.0M. In its most recent filing year (2023), Atlantic Telephone Membershipcorporation Retiree Welfare Trust reported a deficit of $3.9M, with expenses exceeding revenue. The organization holds $22K in liabilities against $14.0M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $14.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $5.0M | $14.0M | $22K | — | — |
| 2022 | $1.1M | $877K | $15.9M | $0 | — | View 990 |
| 2021 | $2.7M | $935K | $18.9M | $0 | — | View 990 |
| 2020 | $2.0M | $986K | $16.6M | $0 | — | View 990 |
| 2019 | $2.5M | $899K | $14.7M | $0 | — | — |
| 2018 | $2.1M | $763K | $11.9M | $0 | — | View 990 |
| 2017 | $2.3M | $769K | $12.4M | $0 | — | View 990 |
| 2016 | $1.6M | $631K | $9.8M | $0 | — | View 990 |
| 2015 | $1.6M | $606K | $8.6M | $0 | — | View 990 |
| 2014 | $1.8M | $541K | $8.1M | $1.4M | — | View 990 |
| 2013 | $1.2M | $524K | $7.0M | $1.5M | — | View 990 |
| 2012 | $1.1M | $522K | $5.1M | $260K | — | View 990 |
| 2011 | $1.6M | $478K | $3.9M | $-336,759 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $5.0M, and assets of $14.0M (revenue +3.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $877K, and assets of $15.9M (revenue -58.7% year-over-year).
- 2021: Revenue of $2.7M, expenses of $935K, and assets of $18.9M (revenue +34.3% year-over-year).
- 2020: Revenue of $2.0M, expenses of $986K, and assets of $16.6M (revenue -18.2% year-over-year).
- 2019: Revenue of $2.5M, expenses of $899K, and assets of $14.7M (revenue +17.8% year-over-year).
- 2018: Revenue of $2.1M, expenses of $763K, and assets of $11.9M (revenue -9.5% year-over-year).
- 2017: Revenue of $2.3M, expenses of $769K, and assets of $12.4M (revenue +46.7% year-over-year).
- 2016: Revenue of $1.6M, expenses of $631K, and assets of $9.8M (revenue -1.6% year-over-year).
- 2015: Revenue of $1.6M, expenses of $606K, and assets of $8.6M (revenue -9.6% year-over-year).
- 2014: Revenue of $1.8M, expenses of $541K, and assets of $8.1M (revenue +51.7% year-over-year).
- 2013: Revenue of $1.2M, expenses of $524K, and assets of $7.0M (revenue +3.2% year-over-year).
- 2012: Revenue of $1.1M, expenses of $522K, and assets of $5.1M (revenue -31.4% year-over-year).
- 2011: Revenue of $1.6M, expenses of $478K, and assets of $3.9M.
Data Sources and Methodology
This transparency report for Atlantic Telephone Membershipcorporation Retiree Welfare 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.