Ben Dyer Associates Inc Veba Trust
Ben Dyer Associates Inc Veba Trust faces declining revenue and consistent operational deficits.
EIN: 201501203 · Bowie, MD · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $125K |
| Total Expenses | $188K |
| Program Spending | 90% |
| Net Assets | $214K |
| Transparency Score | 65/100 |
Is Ben Dyer Associates Inc Veba Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ben Dyer Associates Inc Veba Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ben Dyer Associates Inc Veba Trust
Ben Dyer Associates Inc Veba Trust (EIN: 201501203) is a nonprofit organization based in Bowie, MD, classified under NTEE code Y43. The organization reported total revenue of $125K and total assets of $214K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ben Dyer Associates Inc Veba Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ben Dyer Associates Inc Veba Trust is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -13.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $125K |
| Total Expenses | $188K |
| Surplus / Deficit | $-62,877 |
| Total Assets | $214K |
| Net Assets | $214K |
| Operating Margin | -50.2% |
| Months of Reserves | 13.7 months |
Financial Health Grade: B
In 2022, Ben Dyer Associates Inc Veba Trust reported a deficit of $63K with expenses exceeding revenue, holds 13.7 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Ben Dyer Associates Inc Veba Trust's revenue has declined at a compound annual growth rate (CAGR) of -13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +24.9% | -8.0% | -22.7% |
| 2021 | -60.0% | -13.9% | -27.3% |
| 2020 | -28.8% | -20.9% | +3.6% |
| 2019 | -3.9% | -7.8% | +16.4% |
| 2018 | +1.6% | +5.9% | +14.8% |
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 Ben Dyer Associates Inc Veba Trust with a Mission Score of 65 out of 100 (Good). 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, Ben Dyer Associates Inc Veba 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.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $63K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is appropriate for a VEBA 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 Ben Dyer Associates Inc Veba Trust's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $62,877 in 2022, $104,261 in 2021).
- Significant decline in revenue from $351,981 in 2019 to $125,216 in 2022.
- Decreasing asset base from $381,446 in 2020 to $214,308 in 2022, indicating reliance on reserves to cover deficits.
Strengths
The following positive indicators were identified for Ben Dyer Associates Inc Veba Trust:
- Consistent 990 filing history, indicating good transparency.
- No reported officer compensation, ensuring funds are not used for executive salaries.
- Zero reported liabilities across all filings, suggesting no outstanding debt.
Frequently Asked Questions about Ben Dyer Associates Inc Veba Trust
Is Ben Dyer Associates Inc Veba Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Ben Dyer Associates Inc Veba Trust (EIN: 201501203) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Ben Dyer Associates Inc Veba Trust spend its money?
Ben Dyer Associates Inc Veba Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ben Dyer Associates Inc Veba Trust tax-deductible?
Ben Dyer Associates Inc Veba Trust is registered as a tax-exempt nonprofit (EIN: 201501203). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ben Dyer Associates Inc Veba Trust compare to similar nonprofits?
With a transparency score of 65/100 (Good), Ben Dyer Associates Inc Veba Trust 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 Ben Dyer Associates Inc Veba Trust located?
Ben Dyer Associates Inc Veba Trust is headquartered in Bowie, Maryland and files with the IRS under EIN 201501203. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Ben Dyer Associates Inc Veba Trust have?
Ben Dyer Associates Inc Veba Trust has 12 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 $125K in total revenue.
What is the specific nature of the benefits provided by this VEBA Trust?
The NTEE code Y43 indicates 'Employee Beneficiary Associations,' suggesting the trust provides benefits to employees, but the specific types of benefits (e.g., health, life, disability) are not detailed in the provided financial summary.
Why has the organization experienced a significant decline in revenue since 2019?
Revenue has dropped from $351,981 in 2019 to $125,216 in 2022. The reason for this substantial decrease is not apparent from the provided financial data alone and would require further investigation into the trust's funding sources or changes in its contributing entities.
What are the primary components of the organization's expenses?
While total expenses are provided (e.g., $188,093 in 2022), the detailed breakdown of these expenses into benefit disbursements, administrative costs, and other operational expenditures is not available in this summary, making a precise efficiency assessment challenging.
Is the current level of assets sufficient to cover future benefit obligations given the operational deficits?
With assets declining from $381,446 in 2020 to $214,308 in 2022, and the trust consistently operating at a deficit (e.g., $62,877 deficit in 2022), the long-term sustainability of benefit payouts is a concern without a reversal in financial trends.
Filing History
IRS 990 filing history for Ben Dyer Associates Inc Veba Trust showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Ben Dyer Associates Inc Veba Trust's revenue has declined by 79.2%, moving from $601K to $125K. Total assets decreased by 26.2% over the same period, from $290K to $214K. Total functional expenses fell by 67.4%, from $577K to $188K. In its most recent filing year (2022), Ben Dyer Associates Inc Veba Trust reported a deficit of $63K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $125K | $188K | $214K | $0 | — | View 990 |
| 2021 | $100K | $204K | $277K | $0 | — | View 990 |
| 2020 | $251K | $238K | $381K | $0 | — | — |
| 2019 | $352K | $300K | $368K | $0 | — | View 990 |
| 2018 | $366K | $326K | $316K | $0 | — | View 990 |
| 2017 | $361K | $308K | $276K | $0 | — | View 990 |
| 2016 | $300K | $272K | $223K | $0 | — | View 990 |
| 2015 | $250K | $260K | $194K | $0 | — | View 990 |
| 2014 | $275K | $210K | $219K | $0 | — | View 990 |
| 2013 | $435K | $414K | $154K | $0 | — | View 990 |
| 2012 | $201K | $358K | $133K | $0 | — | View 990 |
| 2011 | $601K | $577K | $290K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $125K, expenses of $188K, and assets of $214K (revenue +24.9% year-over-year).
- 2021: Revenue of $100K, expenses of $204K, and assets of $277K (revenue -60.0% year-over-year).
- 2020: Revenue of $251K, expenses of $238K, and assets of $381K (revenue -28.8% year-over-year).
- 2019: Revenue of $352K, expenses of $300K, and assets of $368K (revenue -3.9% year-over-year).
- 2018: Revenue of $366K, expenses of $326K, and assets of $316K (revenue +1.6% year-over-year).
- 2017: Revenue of $361K, expenses of $308K, and assets of $276K (revenue +20.1% year-over-year).
- 2016: Revenue of $300K, expenses of $272K, and assets of $223K (revenue +20.0% year-over-year).
- 2015: Revenue of $250K, expenses of $260K, and assets of $194K (revenue -9.1% year-over-year).
- 2014: Revenue of $275K, expenses of $210K, and assets of $219K (revenue -36.8% year-over-year).
- 2013: Revenue of $435K, expenses of $414K, and assets of $154K (revenue +117.1% year-over-year).
- 2012: Revenue of $201K, expenses of $358K, and assets of $133K (revenue -66.6% year-over-year).
- 2011: Revenue of $601K, expenses of $577K, and assets of $290K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ben Dyer Associates Inc Veba Trust:
Data Sources and Methodology
This transparency report for Ben Dyer Associates Inc Veba 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.