Connecticut Education Association Health And Welfare Benefits Tr
Connecticut Education Association Health And Welfare Benefits Tr maintains strong assets and zero officer compensation.
EIN: 20678121 · Hartford, CT · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.9M |
| Total Expenses | $757K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $18 |
| Net Assets | $18.0M |
| Transparency Score | 90/100 |
Is Connecticut Education Association Health And Welfare Benefits Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connecticut Education Association Health And Welfare Benefits Tr directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Connecticut Education Association Health And Welfare Benefits Tr
Connecticut Education Association Health And Welfare Benefits Tr (EIN: 20678121) is a nonprofit organization based in Hartford, CT, classified under NTEE code Y43. The organization reported total revenue of $12.9M and total assets of $20.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut Education Association Health And Welfare Benefits Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut Education Association Health And Welfare Benefits Tr is a large nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $893K |
| Total Expenses | $757K |
| Surplus / Deficit | +$136K |
| Total Assets | $18.0M |
| Net Assets | $18.0M |
| Operating Margin | 15.3% |
| Months of Reserves | 285.4 months |
Financial Health Grade: A
In 2023, Connecticut Education Association Health And Welfare Benefits Tr reported a surplus of $136K with revenue exceeding expenses, holds 285.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Connecticut Education Association Health And Welfare Benefits Tr's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -66.6% | +10.3% | +7.2% |
| 2022 | +37.3% | -14.7% | -12.6% |
| 2021 | -32.3% | -5.6% | +23.9% |
| 2020 | +65.2% | -2.5% | +8.7% |
| 2019 | -16.7% | +3.3% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Connecticut Education Association Health And Welfare Benefits Tr with a Mission Score of 90 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Connecticut Education Association Health And Welfare Benefits Tr allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 $136K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization with assets over $18 million.
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 Connecticut Education Association Health And Welfare Benefits Tr's IRS 990 filings:
- Zero officer compensation for an organization with over $18 million in assets could indicate an unusual compensation structure or reliance on external entities for management, which might obscure true administrative costs.
Strengths
The following positive indicators were identified for Connecticut Education Association Health And Welfare Benefits Tr:
- Consistent growth in assets, reaching $18,003,870 in 202306.
- Zero reported liabilities in most recent filings (e.g., 202306, 202106), indicating strong financial stability.
- Zero officer compensation reported across all filing periods, suggesting a highly efficient or volunteer-driven leadership.
- Expenses are consistently well below revenue, allowing for asset growth and long-term sustainability.
Frequently Asked Questions about Connecticut Education Association Health And Welfare Benefits Tr
Is Connecticut Education Association Health And Welfare Benefits Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Connecticut Education Association Health And Welfare Benefits Tr (EIN: 20678121) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Connecticut Education Association Health And Welfare Benefits Tr spend its money?
Connecticut Education Association Health And Welfare Benefits Tr directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Connecticut Education Association Health And Welfare Benefits Tr tax-deductible?
Connecticut Education Association Health And Welfare Benefits Tr is registered as a tax-exempt nonprofit (EIN: 20678121). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Connecticut Education Association Health And Welfare Benefits Tr CEO make?
Connecticut Education Association Health And Welfare Benefits Tr's highest-compensated officer earns $18 annually. The organization reported $12.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Connecticut Education Association Health And Welfare Benefits Tr compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Connecticut Education Association Health And Welfare Benefits Tr 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 Connecticut Education Association Health And Welfare Benefits Tr located?
Connecticut Education Association Health And Welfare Benefits Tr is headquartered in Hartford, Connecticut and files with the IRS under EIN 20678121. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Connecticut Education Association Health And Welfare Benefits Tr have?
Connecticut Education Association Health And Welfare Benefits Tr 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 $12.9M in total revenue.
Is Connecticut Education Association Health And Welfare Benefits Tr a good charity?
Based on its financial data, the organization appears to be very well-managed, with strong assets, low expenses relative to revenue, and zero reported officer compensation. Its consistent financial stability and lack of liabilities are positive indicators.
What is the primary purpose of this organization given its financial structure?
Given the NTEE code Y43 (Employee & Member Welfare Organizations) and the financial structure (significant assets, relatively low and stable expenses, zero officer compensation), it likely functions as a trust or fund managing health and welfare benefits for its members, rather than a traditional grant-making or direct service charity.
How does the organization manage to have zero officer compensation with such significant assets?
The zero officer compensation suggests that the organization may be managed by volunteers, or its administrative functions are handled by a parent organization or related entity, or compensation is structured in a way that isn't reported as 'officer compensation' on the 990 form, which warrants further investigation for full clarity.
Filing History
IRS 990 filing history for Connecticut Education Association Health And Welfare Benefits Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Connecticut Education Association Health And Welfare Benefits Tr's revenue has declined by 35.3%, moving from $1.4M to $893K. Total assets increased by 169.4% over the same period, from $6.7M to $18.0M. Total functional expenses rose by 936.5%, from $73K to $757K. In its most recent filing year (2023), Connecticut Education Association Health And Welfare Benefits Tr reported a surplus of $136K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $893K | $757K | $18.0M | $0 | — | View 990 |
| 2022 | $2.7M | $687K | $16.8M | $37K | — | View 990 |
| 2021 | $2.0M | $805K | $19.2M | $0 | — | View 990 |
| 2020 | $2.9M | $853K | $15.5M | $0 | — | View 990 |
| 2019 | $1.7M | $875K | $14.3M | $0 | — | View 990 |
| 2018 | $2.1M | $847K | $13.3M | $0 | — | View 990 |
| 2017 | $1.6M | $793K | $12.2M | $0 | — | View 990 |
| 2016 | $822K | $655K | $10.6M | $0 | — | View 990 |
| 2015 | $1.1M | $94K | $10.4M | $0 | — | View 990 |
| 2014 | $858K | $86K | $10.0M | $0 | — | View 990 |
| 2013 | $1.2M | $79K | $8.5M | $0 | — | View 990 |
| 2012 | $1.2M | $68K | $7.5M | $26K | — | View 990 |
| 2011 | $1.4M | $73K | $6.7M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $893K, expenses of $757K, and assets of $18.0M (revenue -66.6% year-over-year).
- 2022: Revenue of $2.7M, expenses of $687K, and assets of $16.8M (revenue +37.3% year-over-year).
- 2021: Revenue of $2.0M, expenses of $805K, and assets of $19.2M (revenue -32.3% year-over-year).
- 2020: Revenue of $2.9M, expenses of $853K, and assets of $15.5M (revenue +65.2% year-over-year).
- 2019: Revenue of $1.7M, expenses of $875K, and assets of $14.3M (revenue -16.7% year-over-year).
- 2018: Revenue of $2.1M, expenses of $847K, and assets of $13.3M (revenue +27.8% year-over-year).
- 2017: Revenue of $1.6M, expenses of $793K, and assets of $12.2M (revenue +99.3% year-over-year).
- 2016: Revenue of $822K, expenses of $655K, and assets of $10.6M (revenue -23.6% year-over-year).
- 2015: Revenue of $1.1M, expenses of $94K, and assets of $10.4M (revenue +25.3% year-over-year).
- 2014: Revenue of $858K, expenses of $86K, and assets of $10.0M (revenue -27.9% year-over-year).
- 2013: Revenue of $1.2M, expenses of $79K, and assets of $8.5M (revenue -2.0% year-over-year).
- 2012: Revenue of $1.2M, expenses of $68K, and assets of $7.5M (revenue -12.2% year-over-year).
- 2011: Revenue of $1.4M, expenses of $73K, and assets of $6.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connecticut Education Association Health And Welfare Benefits Tr:
Data Sources and Methodology
This transparency report for Connecticut Education Association Health And Welfare Benefits Tr 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.