City Of Mount Vernon Veba Trust
EIN: 821419608 · Mount Vernon, WA · NTEE: Y20
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $450K |
| Net Assets | $1.5M |
Is City Of Mount Vernon Veba Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About City Of Mount Vernon Veba Trust
City Of Mount Vernon Veba Trust (EIN: 821419608) is a nonprofit organization based in Mount Vernon, WA, classified under NTEE code Y20. The organization reported total revenue of $1.2M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of City Of Mount Vernon Veba Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
City Of Mount Vernon Veba Trust is a mid-size nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 17.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $579K |
| Total Expenses | $450K |
| Surplus / Deficit | +$129K |
| Total Assets | $1.5M |
| Net Assets | $1.5M |
| Operating Margin | 22.4% |
| Months of Reserves | 39.3 months |
Financial Health Grade: A
In 2023, City Of Mount Vernon Veba Trust reported a surplus of $129K with revenue exceeding expenses, holds 39.3 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), City Of Mount Vernon Veba Trust's revenue has grown at a compound annual growth rate (CAGR) of 17.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | +20.7% | +17.2% |
| 2022 | +32.3% | +15.1% | +6.0% |
| 2021 | +203.6% | +96.6% | +34.5% |
| 2020 | -69.0% | +25.9% | +5.3% |
| 2019 | +214.9% | +10.9% | +80.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for City Of Mount Vernon Veba Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates City Of Mount Vernon Veba Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $129K, with revenue exceeding expenses.
Frequently Asked Questions about City Of Mount Vernon Veba Trust
Is City Of Mount Vernon Veba Trust a legitimate charity?
City Of Mount Vernon Veba Trust (EIN: 821419608) is a registered tax-exempt nonprofit based in Washington. It has 7 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: A.
How does City Of Mount Vernon Veba Trust spend its money?
City Of Mount Vernon Veba Trust reported $1.2M in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to City Of Mount Vernon Veba Trust tax-deductible?
City Of Mount Vernon Veba Trust is registered as a tax-exempt nonprofit (EIN: 821419608). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is City Of Mount Vernon Veba Trust located?
City Of Mount Vernon Veba Trust is headquartered in Mount Vernon, Washington and files with the IRS under EIN 821419608. It is classified under NTEE code Y20.
How many years of IRS 990 filings does City Of Mount Vernon Veba Trust have?
City Of Mount Vernon Veba Trust has 7 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for City Of Mount Vernon Veba Trust showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), City Of Mount Vernon Veba Trust's revenue has grown by 163.2%, moving from $220K to $579K. Total assets increased by 207.3% over the same period, from $480K to $1.5M. Total functional expenses rose by 1283.5%, from $32K to $450K. In its most recent filing year (2023), City Of Mount Vernon Veba Trust reported a surplus of $129K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $579K | $450K | $1.5M | $0 | — | — |
| 2022 | $556K | $372K | $1.3M | $0 | — | View 990 |
| 2021 | $420K | $323K | $1.2M | $0 | — | View 990 |
| 2020 | $138K | $165K | $882K | $0 | — | — |
| 2019 | $447K | $131K | $838K | $0 | — | View 990 |
| 2018 | $142K | $118K | $464K | $0 | — | View 990 |
| 2017 | $220K | $32K | $480K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $579K, expenses of $450K, and assets of $1.5M (revenue +4.1% year-over-year).
- 2022: Revenue of $556K, expenses of $372K, and assets of $1.3M (revenue +32.3% year-over-year).
- 2021: Revenue of $420K, expenses of $323K, and assets of $1.2M (revenue +203.6% year-over-year).
- 2020: Revenue of $138K, expenses of $165K, and assets of $882K (revenue -69.0% year-over-year).
- 2019: Revenue of $447K, expenses of $131K, and assets of $838K (revenue +214.9% year-over-year).
- 2018: Revenue of $142K, expenses of $118K, and assets of $464K (revenue -35.5% year-over-year).
- 2017: Revenue of $220K, expenses of $32K, and assets of $480K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for City Of Mount Vernon Veba Trust:
Data Sources and Methodology
This transparency report for City Of Mount Vernon 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.