Bcbssc Voluntary Employees Beneficiary Association
Bcbssc Voluntary Employees Beneficiary Association's assets have halved in six years due to consistent operating deficits.
EIN: 202017750 · Chicago, IL · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.2M |
| Program Spending | 80% |
| Net Assets | $17.8M |
| Transparency Score | 45/100 |
Is Bcbssc Voluntary Employees Beneficiary Association Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bcbssc Voluntary Employees Beneficiary Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bcbssc Voluntary Employees Beneficiary Association
Bcbssc Voluntary Employees Beneficiary Association (EIN: 202017750) is a nonprofit organization based in Chicago, IL, classified under NTEE code Y43. The organization reported total revenue of $2.8M and total assets of $15.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bcbssc Voluntary Employees Beneficiary Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bcbssc Voluntary Employees Beneficiary Association is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $649K |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-1,591,472 |
| Total Assets | $17.8M |
| Net Assets | $17.8M |
| Operating Margin | -245.4% |
| Months of Reserves | 95.4 months |
Financial Health Grade: B
In 2023, Bcbssc Voluntary Employees Beneficiary Association reported a deficit of $1.6M with expenses exceeding revenue, holds 95.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Bcbssc Voluntary Employees Beneficiary Association's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.4% | -30.7% | -6.0% |
| 2022 | -17.8% | -10.9% | -21.8% |
| 2021 | +20.6% | +47.4% | -13.9% |
| 2020 | -30.1% | -2.3% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Bcbssc Voluntary Employees Beneficiary Association with a Mission Score of 45 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Bcbssc Voluntary Employees Beneficiary Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.6M, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers or key employees received compensation, which is a positive sign of resource allocation directly to the organization's mission.
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 Bcbssc Voluntary Employees Beneficiary Association's IRS 990 filings:
- Consistent operating deficits, with expenses frequently exceeding revenue (e.g., $2,240,000 expenses vs. $648,528 revenue in 2023).
- Significant decline in total assets over recent years, from $35,019,158 in 2017 to $17,805,889 in 2023, indicating asset depletion.
- Negative revenue reported in 2018 ($-667,260), which is an unusual and concerning financial event.
- Lack of detailed expense breakdown in the provided data makes it difficult to assess spending efficiency beyond top-line figures.
Strengths
The following positive indicators were identified for Bcbssc Voluntary Employees Beneficiary Association:
- Zero officer compensation reported across all filings, indicating efficient use of funds in this area.
- No reported liabilities across all periods, suggesting good management of debt and obligations.
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Bcbssc Voluntary Employees Beneficiary Association
Is Bcbssc Voluntary Employees Beneficiary Association a legitimate charity?
Bcbssc Voluntary Employees Beneficiary Association (EIN: 202017750) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.8M. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bcbssc Voluntary Employees Beneficiary Association spend its money?
Bcbssc Voluntary Employees Beneficiary Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bcbssc Voluntary Employees Beneficiary Association tax-deductible?
Bcbssc Voluntary Employees Beneficiary Association is registered as a tax-exempt nonprofit (EIN: 202017750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bcbssc Voluntary Employees Beneficiary Association's spending goes to programs?
Bcbssc Voluntary Employees Beneficiary Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bcbssc Voluntary Employees Beneficiary Association compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Bcbssc Voluntary Employees Beneficiary Association is near average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bcbssc Voluntary Employees Beneficiary Association located?
Bcbssc Voluntary Employees Beneficiary Association is headquartered in Chicago, Illinois and files with the IRS under EIN 202017750. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Bcbssc Voluntary Employees Beneficiary Association have?
Bcbssc Voluntary Employees Beneficiary Association has 13 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 $2.8M in total revenue.
Is Bcbssc Voluntary Employees Beneficiary Association financially sustainable?
Based on the consistent net losses and significant decline in assets from $35,019,158 in 2017 to $17,805,889 in 2023, the organization's current financial model appears unsustainable without a change in revenue generation or expense management.
What caused the large negative revenue in 2018?
The filing for Period 201812 shows a revenue of $-667,260. This could indicate a significant one-time loss, a major accounting adjustment, or a return of funds, which warrants further investigation into the detailed 990 form.
How does the organization plan to address its declining asset base?
The filings do not provide a strategic plan, but the trend of assets decreasing from $28,900,264 in 2019 to $17,805,889 in 2023 suggests a need for a clear strategy to either increase revenue or reduce expenses to preserve its financial reserves.
What are the primary expenses driving the consistent deficits?
While total expenses are reported (e.g., $2,240,000 in 2023), the provided data does not break down these expenses into program, administrative, or fundraising categories, making it difficult to pinpoint the specific drivers of the deficits.
Filing History
IRS 990 filing history for Bcbssc Voluntary Employees Beneficiary Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bcbssc Voluntary Employees Beneficiary Association's revenue has declined by 18.8%, moving from $799K to $649K. Total assets decreased by 31.9% over the same period, from $26.1M to $17.8M. Total functional expenses fell by 2.8%, from $2.3M to $2.2M. In its most recent filing year (2023), Bcbssc Voluntary Employees Beneficiary Association reported a deficit of $1.6M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $649K | $2.2M | $17.8M | $0 | — | View 990 |
| 2022 | $593K | $3.2M | $19.0M | $0 | — | View 990 |
| 2021 | $721K | $3.6M | $24.2M | $0 | — | View 990 |
| 2020 | $598K | $2.5M | $28.2M | $0 | — | — |
| 2019 | $856K | $2.5M | $28.9M | $0 | — | View 990 |
| 2018 | $-667,260 | $5.9M | $28.8M | $0 | — | View 990 |
| 2017 | $713K | $45K | $35.0M | $0 | — | View 990 |
| 2016 | $4.2M | $2.3M | $34.2M | $0 | — | View 990 |
| 2015 | $2.5M | $1.9M | $32.4M | $0 | — | View 990 |
| 2014 | $4.5M | $1.8M | $31.7M | $0 | — | View 990 |
| 2013 | $7.0M | $2.0M | $29.2M | $0 | — | View 990 |
| 2012 | $1.7M | $1.6M | $24.1M | $0 | — | View 990 |
| 2011 | $799K | $2.3M | $26.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $649K, expenses of $2.2M, and assets of $17.8M (revenue +9.4% year-over-year).
- 2022: Revenue of $593K, expenses of $3.2M, and assets of $19.0M (revenue -17.8% year-over-year).
- 2021: Revenue of $721K, expenses of $3.6M, and assets of $24.2M (revenue +20.6% year-over-year).
- 2020: Revenue of $598K, expenses of $2.5M, and assets of $28.2M (revenue -30.1% year-over-year).
- 2019: Revenue of $856K, expenses of $2.5M, and assets of $28.9M.
- 2018: Revenue of $-667,260, expenses of $5.9M, and assets of $28.8M (revenue -193.6% year-over-year).
- 2017: Revenue of $713K, expenses of $45K, and assets of $35.0M (revenue -83.0% year-over-year).
- 2016: Revenue of $4.2M, expenses of $2.3M, and assets of $34.2M (revenue +64.3% year-over-year).
- 2015: Revenue of $2.5M, expenses of $1.9M, and assets of $32.4M (revenue -42.9% year-over-year).
- 2014: Revenue of $4.5M, expenses of $1.8M, and assets of $31.7M (revenue -36.7% year-over-year).
- 2013: Revenue of $7.0M, expenses of $2.0M, and assets of $29.2M (revenue +303.3% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.6M, and assets of $24.1M (revenue +118.5% year-over-year).
- 2011: Revenue of $799K, expenses of $2.3M, and assets of $26.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bcbssc Voluntary Employees Beneficiary Association:
Data Sources and Methodology
This transparency report for Bcbssc Voluntary Employees Beneficiary Association 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.