Cowles Company Medical Plan Veba Trust
Cowles Company Medical Plan VEBA Trust consistently manages employee benefits with no reported officer compensation.
EIN: 207044058 · Spokane, WA · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $4.5M |
| Program Spending | 95% |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is Cowles Company Medical Plan Veba Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cowles Company Medical Plan Veba Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cowles Company Medical Plan Veba Trust
Cowles Company Medical Plan Veba Trust (EIN: 207044058) is a nonprofit organization based in Spokane, WA, classified under NTEE code Y43. The organization reported total revenue of $4.4M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cowles Company Medical Plan Veba Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cowles Company Medical Plan Veba Trust is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-382,989 |
| Total Assets | $3.2M |
| Total Liabilities | $811K |
| Net Assets | $2.3M |
| Operating Margin | -9.4% |
| Debt-to-Asset Ratio | 25.7% |
| Months of Reserves | 8.5 months |
Financial Health Grade: B
In 2023, Cowles Company Medical Plan Veba Trust reported a deficit of $383K with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 25.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cowles Company Medical Plan Veba Trust's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.7% | +33.5% | +5.6% |
| 2022 | +2.2% | -6.9% | +15.0% |
| 2021 | -1.8% | -3.2% | -11.8% |
| 2020 | -4.1% | +15.1% | +7.2% |
| 2019 | -6.8% | -6.5% | +15.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Cowles Company Medical Plan Veba Trust with a Mission Score of 85 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Cowles Company Medical Plan Veba Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $383K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.7%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the trust's management is either volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization of its size.
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 Cowles Company Medical Plan Veba Trust's IRS 990 filings:
- Expenses exceeded revenue in the latest filing period (202312) by $382,989, though this can be typical for VEBA trusts managing reserves.
Strengths
The following positive indicators were identified for Cowles Company Medical Plan Veba Trust:
- Consistent 0% officer compensation across all reported periods, indicating highly efficient executive management.
- Stable revenue stream averaging over $3.5 million annually over the past decade.
- Healthy asset base of $3,196,489, providing financial stability for benefit obligations.
- Clear mission as a VEBA Trust (NTEE Y43) focused on employee benefits.
Frequently Asked Questions about Cowles Company Medical Plan Veba Trust
Is Cowles Company Medical Plan Veba Trust a legitimate charity?
Cowles Company Medical Plan Veba Trust (EIN: 207044058) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.4M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Cowles Company Medical Plan Veba Trust spend its money?
Cowles Company Medical Plan Veba Trust directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Cowles Company Medical Plan Veba Trust tax-deductible?
Cowles Company Medical Plan Veba Trust is registered as a tax-exempt nonprofit (EIN: 207044058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Cowles Company Medical Plan Veba Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cowles Company Medical Plan 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 Cowles Company Medical Plan Veba Trust located?
Cowles Company Medical Plan Veba Trust is headquartered in Spokane, Washington and files with the IRS under EIN 207044058. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Cowles Company Medical Plan Veba Trust have?
Cowles Company Medical Plan Veba Trust 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 $4.4M in total revenue.
What specific benefits does the VEBA Trust provide?
As a VEBA Trust (NTEE Y43), it primarily provides health and welfare benefits to employees, though the specific types of benefits (e.g., medical, dental, life insurance) are not detailed in the summary data.
How does the trust manage periods where expenses exceed revenue, such as in 2023?
VEBA trusts typically manage such fluctuations by drawing from their accumulated assets and reserves. The trust's assets of $3,196,489 provide a buffer for these operational variances.
Are there any related party transactions given the 'Cowles Company' name?
The provided data does not contain information on related party transactions, but it's a relevant question for a VEBA associated with a specific company to ensure independence and proper governance.
Filing History
IRS 990 filing history for Cowles Company Medical Plan Veba Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cowles Company Medical Plan Veba Trust's revenue has grown by 2.6%, moving from $4.0M to $4.1M. Total assets increased by 89.9% over the same period, from $1.7M to $3.2M. Total functional expenses rose by 15.9%, from $3.9M to $4.5M. In its most recent filing year (2023), Cowles Company Medical Plan Veba Trust reported a deficit of $383K, with expenses exceeding revenue. The organization holds $811K in liabilities against $3.2M in assets (debt-to-asset ratio: 25.7%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $4.5M | $3.2M | $811K | — | — |
| 2022 | $3.7M | $3.3M | $3.0M | $261K | — | View 990 |
| 2021 | $3.6M | $3.6M | $2.6M | $181K | — | View 990 |
| 2020 | $3.6M | $3.7M | $2.9M | $517K | — | View 990 |
| 2019 | $3.8M | $3.2M | $2.7M | $253K | — | View 990 |
| 2018 | $4.1M | $3.5M | $2.4M | $455K | — | View 990 |
| 2017 | $3.9M | $4.0M | $1.9M | $586K | — | View 990 |
| 2016 | $3.6M | $3.8M | $2.4M | $1.0M | — | View 990 |
| 2015 | $3.4M | $3.5M | $1.9M | $258K | — | View 990 |
| 2014 | $2.4M | $2.9M | $2.0M | $315K | — | View 990 |
| 2013 | $3.7M | $3.8M | $2.4M | $281K | — | View 990 |
| 2012 | $3.6M | $3.2M | $1.9M | $377K | — | View 990 |
| 2011 | $4.0M | $3.9M | $1.7M | $523K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $4.5M, and assets of $3.2M (revenue +11.7% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.3M, and assets of $3.0M (revenue +2.2% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.6M, and assets of $2.6M (revenue -1.8% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.7M, and assets of $2.9M (revenue -4.1% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.2M, and assets of $2.7M (revenue -6.8% year-over-year).
- 2018: Revenue of $4.1M, expenses of $3.5M, and assets of $2.4M (revenue +3.7% year-over-year).
- 2017: Revenue of $3.9M, expenses of $4.0M, and assets of $1.9M (revenue +9.4% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.8M, and assets of $2.4M (revenue +4.4% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.5M, and assets of $1.9M (revenue +45.7% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.9M, and assets of $2.0M (revenue -36.9% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.8M, and assets of $2.4M (revenue +3.6% year-over-year).
- 2012: Revenue of $3.6M, expenses of $3.2M, and assets of $1.9M (revenue -9.1% year-over-year).
- 2011: Revenue of $4.0M, expenses of $3.9M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cowles Company Medical Plan Veba Trust:
Data Sources and Methodology
This transparency report for Cowles Company Medical Plan 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.