B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div
Retiree Health Plan Trust Consistently Spends Down Assets to Cover Expenses with No Officer Compensation.
EIN: 16123853 · Portland, ME · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $327K |
| Total Expenses | $99K |
| Program Spending | 90% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div
B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div (EIN: 16123853) is a nonprofit organization based in Portland, ME, classified under NTEE code Y43. The organization reported total revenue of $327K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div is a small nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -21.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $44K |
| Total Expenses | $99K |
| Surplus / Deficit | $-55,096 |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | -124.4% |
| Months of Reserves | 138.4 months |
Financial Health Grade: B
In 2024, B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div reported a deficit of $55K with expenses exceeding revenue, holds 138.4 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div's revenue has declined at a compound annual growth rate (CAGR) of -21.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -8.3% | +5.6% | +5.6% |
| 2023 | -43.0% | -12.3% | -7.0% |
| 2022 | +43.1% | -3.2% | -13.1% |
| 2021 | +79.4% | -4.5% | +13.6% |
| 2020 | -48.2% | -6.4% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div 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, B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $55K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, indicating that no officers or key employees are compensated, which is a strong positive for a trust of this nature.
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 B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div's IRS 990 filings:
- Consistent net operating deficit (expenses exceeding revenue) indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div:
- Zero officer compensation reported across all filings.
- Consistent IRS 990 filing history demonstrating transparency.
- No reported liabilities in most recent filings (e.g., $0 in 202405, 202105, 202005, 201905, 201805, 201705, 201605, 201505).
- Clear purpose as a retiree health plan trust.
Frequently Asked Questions about B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div
Is B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div a legitimate charity?
Based on AI analysis of IRS 990 filings, B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div (EIN: 16123853) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div spend its money?
B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div tax-deductible?
B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div is registered as a tax-exempt nonprofit (EIN: 16123853). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div located?
B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div is headquartered in Portland, Maine and files with the IRS under EIN 16123853. It is classified under NTEE code Y43.
How many years of IRS 990 filings does B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div have?
B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $327K in total revenue.
Is B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div a good charity?
Based on the available data, the trust appears to be well-managed and focused on its mission. It consistently reports zero officer compensation and maintains a transparent filing history. Its financial pattern of spending more than it earns is typical for a retiree health plan trust that disburses benefits.
Why does the trust consistently spend more than its revenue?
As a retiree health plan insurance trust, it is expected to disburse funds for retiree health benefits. The consistent spending exceeding revenue (e.g., $99,395 expenses vs. $44,299 revenue in 202405) indicates that the trust is drawing down its accumulated assets to fulfill its obligations to retirees, which is a normal operational model for such an entity.
What is the trend in the trust's assets?
The trust's assets have shown a gradual decline over the past decade, from a high of $1,613,198 in 201505 to $1,146,301 in 202405. This trend is consistent with a trust that is actively disbursing funds for its intended purpose.
Filing History
IRS 990 filing history for B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div's revenue has declined by 95.9%, moving from $1.1M to $44K. Total assets decreased by 51.1% over the same period, from $2.3M to $1.1M. Total functional expenses fell by 89.7%, from $966K to $99K. In its most recent filing year (2024), B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div reported a deficit of $55K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $44K | $99K | $1.1M | $0 | — | — |
| 2023 | $48K | $94K | $1.1M | $424 | — | View 990 |
| 2022 | $85K | $107K | $1.2M | $424 | — | View 990 |
| 2021 | $59K | $111K | $1.3M | $0 | — | — |
| 2020 | $33K | $116K | $1.2M | $0 | — | View 990 |
| 2019 | $64K | $124K | $1.2M | $0 | — | — |
| 2018 | $110K | $128K | $1.3M | $0 | — | View 990 |
| 2017 | $96K | $136K | $1.4M | $0 | — | View 990 |
| 2016 | $33K | $158K | $1.5M | $0 | — | View 990 |
| 2015 | $359K | $826K | $1.6M | $0 | — | View 990 |
| 2014 | $628K | $1.1M | $2.1M | $0 | — | View 990 |
| 2013 | $843K | $877K | $2.5M | $0 | — | View 990 |
| 2012 | $1.1M | $903K | $2.4M | $0 | — | View 990 |
| 2011 | $1.1M | $966K | $2.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $44K, expenses of $99K, and assets of $1.1M (revenue -8.3% year-over-year).
- 2023: Revenue of $48K, expenses of $94K, and assets of $1.1M (revenue -43.0% year-over-year).
- 2022: Revenue of $85K, expenses of $107K, and assets of $1.2M (revenue +43.1% year-over-year).
- 2021: Revenue of $59K, expenses of $111K, and assets of $1.3M (revenue +79.4% year-over-year).
- 2020: Revenue of $33K, expenses of $116K, and assets of $1.2M (revenue -48.2% year-over-year).
- 2019: Revenue of $64K, expenses of $124K, and assets of $1.2M (revenue -41.9% year-over-year).
- 2018: Revenue of $110K, expenses of $128K, and assets of $1.3M (revenue +15.0% year-over-year).
- 2017: Revenue of $96K, expenses of $136K, and assets of $1.4M (revenue +186.1% year-over-year).
- 2016: Revenue of $33K, expenses of $158K, and assets of $1.5M (revenue -90.7% year-over-year).
- 2015: Revenue of $359K, expenses of $826K, and assets of $1.6M (revenue -42.9% year-over-year).
- 2014: Revenue of $628K, expenses of $1.1M, and assets of $2.1M (revenue -25.5% year-over-year).
- 2013: Revenue of $843K, expenses of $877K, and assets of $2.5M (revenue -20.5% year-over-year).
- 2012: Revenue of $1.1M, expenses of $903K, and assets of $2.4M (revenue -0.9% year-over-year).
- 2011: Revenue of $1.1M, expenses of $966K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div:
Data Sources and Methodology
This transparency report for B C And T Local 334 Retiree Health Plan Insurance Trust Nissen Div 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.