Cornell Medical Benefits Tr
Cornell Medical Benefits Tr reports zero expenses for most years, hindering financial transparency.
EIN: 161457001 · Pittsburgh, PA · NTEE: T11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $47.9M |
| Total Expenses | $538K |
| CEO/Top Officer Pay | $300 |
| Net Assets | $376.6M |
| Transparency Score | 10/100 |
Is Cornell Medical Benefits Tr Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cornell Medical Benefits Tr
Cornell Medical Benefits Tr (EIN: 161457001) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code T11. The organization reported total revenue of $47.9M and total assets of $389.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornell Medical Benefits Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornell Medical Benefits Tr is a large nonprofit that has been operating for 6 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -143.3% | — | -9.2% |
| 2022 | +179.7% | — | +26.5% |
| 2021 | +0.2% | — | +10.5% |
| 2020 | -0.5% | — | +11.7% |
| 2019 | +4.1% | — | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
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 Cornell Medical Benefits Tr with a Mission Score of 10 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.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Cornell Medical Benefits Tr allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, suggesting either a fully volunteer-led organization or that executive compensation is not being reported in a standard manner on the 990 forms, which is unusual for an organization with assets exceeding $300 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 Cornell Medical Benefits Tr's IRS 990 filings:
- Consistent reporting of $0 expenses for most years (2014-2022)
- Negative revenue reported in the latest filing (2023)
- Inability to assess program spending or efficiency due to lack of expense data
- Zero officer compensation reported for an organization with significant assets
- Lack of clarity on how the organization operates or fulfills its mission without reported expenses
Strengths
The following positive indicators were identified for Cornell Medical Benefits Tr:
- Significant asset growth over the decade, from $157M in 2014 to $376M in 2023
- No reported liabilities across all filings, indicating a debt-free status
Frequently Asked Questions about Cornell Medical Benefits Tr
Is Cornell Medical Benefits Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornell Medical Benefits Tr (EIN: 161457001) significant concerns. Mission Score: 10/100. 5 red flags identified, 2 strengths noted.
How does Cornell Medical Benefits Tr spend its money?
Detailed spending breakdown data is not yet available for Cornell Medical Benefits Tr. Check back for updated IRS 990 analysis.
Are donations to Cornell Medical Benefits Tr tax-deductible?
Cornell Medical Benefits Tr is registered as a tax-exempt nonprofit (EIN: 161457001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cornell Medical Benefits Tr CEO make?
Cornell Medical Benefits Tr's highest-compensated officer earns $300 annually. The organization reported $47.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Cornell Medical Benefits Tr compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Cornell Medical Benefits Tr is below average for NTEE category T11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cornell Medical Benefits Tr located?
Cornell Medical Benefits Tr is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 161457001. It is classified under NTEE code T11.
How many years of IRS 990 filings does Cornell Medical Benefits Tr have?
Cornell Medical 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 $47.9M in total revenue.
Why does Cornell Medical Benefits Tr report zero expenses for most years?
The IRS 990 filings from 2014 to 2022 consistently show $0 in expenses, which is highly unusual for an organization with significant revenue and assets. This makes it impossible to determine how funds are being used.
How does Cornell Medical Benefits Tr operate without reported expenses?
The consistent reporting of zero expenses raises significant questions about the organization's operational model and how it achieves its mission, as typical charitable activities incur costs.
Is the negative revenue reported in 2023 a concern?
The negative revenue of $-37,648,300 in 2023, following years of positive revenue, is a significant financial event that warrants further investigation to understand its cause and impact on the organization's stability.
What is the purpose of Cornell Medical Benefits Tr given its financial reporting?
With an NTEE code of T11 (Medical Research), the lack of reported expenses makes it unclear how the organization is fulfilling its stated purpose or engaging in medical research activities.
Is Cornell Medical Benefits Tr transparent about its financial operations?
The consistent reporting of zero expenses and zero officer compensation significantly hinders transparency, making it difficult for the public to understand the organization's financial health and operational efficiency.
Filing History
IRS 990 filing history for Cornell Medical Benefits Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cornell Medical Benefits Tr's revenue has declined by 538.9%, moving from $8.6M to $-37,648,300. Total assets increased by 229.5% over the same period, from $114.3M to $376.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-37,648,300 | $538K | $376.6M | $0 | — | View 990 |
| 2022 | $87.0M | $0 | $414.8M | $0 | — | View 990 |
| 2021 | $31.1M | $0 | $327.8M | $0 | — | — |
| 2020 | $31.0M | $0 | $296.7M | $0 | — | View 990 |
| 2019 | $31.2M | $0 | $265.7M | $0 | — | View 990 |
| 2018 | $29.9M | $0 | $234.5M | $0 | — | View 990 |
| 2017 | $12.0M | $0 | $204.6M | $0 | — | View 990 |
| 2016 | $14.3M | $0 | $192.6M | $0 | — | View 990 |
| 2015 | $20.7M | $0 | $178.3M | $0 | — | View 990 |
| 2014 | $24.1M | $0 | $157.5M | $0 | — | View 990 |
| 2013 | $6.4M | $0 | $133.4M | $0 | — | View 990 |
| 2012 | $13.3M | $0 | $127.0M | $0 | — | View 990 |
| 2011 | $8.6M | $0 | $114.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-37,648,300, expenses of $538K, and assets of $376.6M (revenue -143.3% year-over-year).
- 2022: Revenue of $87.0M, expenses of $0, and assets of $414.8M (revenue +179.7% year-over-year).
- 2021: Revenue of $31.1M, expenses of $0, and assets of $327.8M (revenue +0.2% year-over-year).
- 2020: Revenue of $31.0M, expenses of $0, and assets of $296.7M (revenue -0.5% year-over-year).
- 2019: Revenue of $31.2M, expenses of $0, and assets of $265.7M (revenue +4.1% year-over-year).
- 2018: Revenue of $29.9M, expenses of $0, and assets of $234.5M (revenue +150.5% year-over-year).
- 2017: Revenue of $12.0M, expenses of $0, and assets of $204.6M (revenue -16.6% year-over-year).
- 2016: Revenue of $14.3M, expenses of $0, and assets of $192.6M (revenue -30.8% year-over-year).
- 2015: Revenue of $20.7M, expenses of $0, and assets of $178.3M (revenue -14.1% year-over-year).
- 2014: Revenue of $24.1M, expenses of $0, and assets of $157.5M (revenue +280.1% year-over-year).
- 2013: Revenue of $6.4M, expenses of $0, and assets of $133.4M (revenue -52.4% year-over-year).
- 2012: Revenue of $13.3M, expenses of $0, and assets of $127.0M (revenue +55.6% year-over-year).
- 2011: Revenue of $8.6M, expenses of $0, and assets of $114.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornell Medical Benefits Tr:
Data Sources and Methodology
This transparency report for Cornell Medical 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.