Blue Cross Blue Shield Association
Blue Cross Blue Shield Association maintains strong financial growth with over $874M in latest revenue and no reported officer compensation.
EIN: 135656874 · Stone Mtn, GA · NTEE: E80 · Updated: 2026-03-28
Is Blue Cross Blue Shield Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Blue Cross Blue Shield Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blue Cross Blue Shield Association
Blue Cross Blue Shield Association (EIN: 135656874) is a nonprofit organization based in Stone Mtn, GA, classified under NTEE code E80. The organization reported total revenue of $874.3M and total assets of $1.2B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blue Cross Blue Shield Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Cross Blue Shield Association is a major nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $819.1M |
| Total Expenses | $798.0M |
| Surplus / Deficit | +$21.1M |
| Total Assets | $1.1B |
| Total Liabilities | $809.6M |
| Net Assets | $317.1M |
| Operating Margin | 2.6% |
| Debt-to-Asset Ratio | 71.9% |
| Months of Reserves | 16.9 months |
Financial Health Grade: A
In 2023, Blue Cross Blue Shield Association reported a surplus of $21.1M with revenue exceeding expenses, holds 16.9 months of operating reserves (strong position), has a debt-to-asset ratio of 71.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Blue Cross Blue Shield Association's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.4% | +14.3% | +9.6% |
| 2022 | -3.1% | -1.1% | +24.9% |
| 2021 | +15.9% | +6.7% | -25.2% |
| 2020 | -3.3% | +0.3% | +26.2% |
| 2019 | +14.8% | +9.4% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1958 |
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 Blue Cross Blue Shield Association with a Mission Score of 75 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: 85%
- fundraising: 5%
According to IRS 990 filings, Blue Cross Blue Shield Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $21.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 71.9%.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Compensation across all available filing periods, suggesting that executive compensation is either not reported in this specific field or is structured in a way that it does not appear as direct officer compensation in these summaries. This makes it difficult to assess executive pay relative to the organization's substantial size and revenue, which reached $874,259,991 in the latest period.
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 Blue Cross Blue Shield Association's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data, making precise spending efficiency analysis difficult.
- Consistent 0% reported officer compensation for a large organization, which warrants further investigation into executive pay transparency.
Strengths
The following positive indicators were identified for Blue Cross Blue Shield Association:
- Consistent revenue growth, from $457,383,677 in 2014 to $874,259,991 currently.
- Strong and growing asset base, increasing from $691,620,828 in 2014 to $1,245,975,964.
- Consistent generation of financial surpluses, indicating sound financial management (e.g., $21,147,314 surplus in 2023).
- Positive net assets, with assets consistently exceeding liabilities across all reported periods.
Frequently Asked Questions about Blue Cross Blue Shield Association
Is Blue Cross Blue Shield Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Blue Cross Blue Shield Association (EIN: 135656874) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Blue Cross Blue Shield Association spend its money?
Blue Cross Blue Shield Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Blue Cross Blue Shield Association tax-deductible?
Blue Cross Blue Shield Association is registered as a tax-exempt nonprofit (EIN: 135656874). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Blue Cross Blue Shield Association allocate its expenses between program services, administrative costs, and fundraising?
Based on the provided data, a detailed functional expense breakdown is not available. However, given the consistent surpluses (e.g., $819,123,548 revenue vs. $797,976,234 expenses in 2023), the organization appears to manage its overall expenses effectively within its revenue. A more granular breakdown would be needed for precise allocation percentages.
What is the reason for 0% officer compensation reported across all filings, given the organization's large scale?
The consistent reporting of 0% for Officer Compensation across all filings (2014-2023) for an organization with revenues nearing $1 billion is unusual. This could indicate that executive compensation is reported under different expense categories, paid by a related entity, or structured in a way that it doesn't appear in this specific line item on the 990 summary. Further investigation into the full 990 forms would be necessary to understand the executive compensation structure.
Is the Blue Cross Blue Shield Association financially stable?
Yes, the Blue Cross Blue Shield Association appears financially stable. It has consistently generated significant revenue surpluses (e.g., $21,147,314 in 2023, $57,856,916 in 2022) and has a robust asset base, growing from $691,620,828 in 2014 to $1,245,975,964 currently, indicating strong financial health and growth.
Filing History
IRS 990 filing history for Blue Cross Blue Shield Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Blue Cross Blue Shield Association's revenue has grown by 108.8%, moving from $392.2M to $819.1M. Total assets increased by 136.2% over the same period, from $477.1M to $1.1B. Total functional expenses rose by 96.8%, from $405.5M to $798.0M. In its most recent filing year (2023), Blue Cross Blue Shield Association reported a surplus of $21.1M, with revenue exceeding expenses. The organization holds $809.6M in liabilities against $1.1B in assets (debt-to-asset ratio: 71.9%), resulting in net assets of $317.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $819.1M | $798.0M | $1.1B | $809.6M | — | — |
| 2022 | $755.8M | $697.9M | $1.0B | $747.4M | — | View 990 |
| 2021 | $780.0M | $705.4M | $823.2M | $714.6M | — | View 990 |
| 2020 | $672.9M | $661.1M | $1.1B | $1.1B | — | View 990 |
| 2019 | $695.8M | $659.1M | $872.5M | $711.9M | — | — |
| 2018 | $606.2M | $602.6M | $795.7M | $699.5M | — | View 990 |
| 2017 | $592.0M | $593.4M | $727.7M | $629.0M | — | View 990 |
| 2016 | $536.1M | $535.0M | $646.4M | $539.5M | — | View 990 |
| 2015 | $504.2M | $509.7M | $650.3M | $539.5M | — | View 990 |
| 2014 | $457.4M | $449.6M | $691.6M | $588.9M | — | View 990 |
| 2013 | $413.9M | $425.1M | $588.2M | $453.2M | — | View 990 |
| 2012 | $402.7M | $401.6M | $545.8M | $441.4M | — | View 990 |
| 2011 | $392.2M | $405.5M | $477.1M | $372.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $819.1M, expenses of $798.0M, and assets of $1.1B (revenue +8.4% year-over-year).
- 2022: Revenue of $755.8M, expenses of $697.9M, and assets of $1.0B (revenue -3.1% year-over-year).
- 2021: Revenue of $780.0M, expenses of $705.4M, and assets of $823.2M (revenue +15.9% year-over-year).
- 2020: Revenue of $672.9M, expenses of $661.1M, and assets of $1.1B (revenue -3.3% year-over-year).
- 2019: Revenue of $695.8M, expenses of $659.1M, and assets of $872.5M (revenue +14.8% year-over-year).
- 2018: Revenue of $606.2M, expenses of $602.6M, and assets of $795.7M (revenue +2.4% year-over-year).
- 2017: Revenue of $592.0M, expenses of $593.4M, and assets of $727.7M (revenue +10.4% year-over-year).
- 2016: Revenue of $536.1M, expenses of $535.0M, and assets of $646.4M (revenue +6.3% year-over-year).
- 2015: Revenue of $504.2M, expenses of $509.7M, and assets of $650.3M (revenue +10.2% year-over-year).
- 2014: Revenue of $457.4M, expenses of $449.6M, and assets of $691.6M (revenue +10.5% year-over-year).
- 2013: Revenue of $413.9M, expenses of $425.1M, and assets of $588.2M (revenue +2.8% year-over-year).
- 2012: Revenue of $402.7M, expenses of $401.6M, and assets of $545.8M (revenue +2.7% year-over-year).
- 2011: Revenue of $392.2M, expenses of $405.5M, and assets of $477.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blue Cross Blue Shield Association:
Data Sources and Methodology
This transparency report for Blue Cross Blue Shield 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.