Electrical Workers Veba Trust
Electrical Workers Veba Trust consistently maintains a positive financial margin with no reported officer compensation.
EIN: 208431466 · Spokane, WA · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $631K |
| Transparency Score | 95/100 |
Is Electrical Workers Veba Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Electrical Workers Veba Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Electrical Workers Veba Trust
Electrical Workers Veba Trust (EIN: 208431466) is a nonprofit organization based in Spokane, WA, classified under NTEE code Y43. The organization reported total revenue of $1.3M and total assets of $720K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Electrical Workers Veba Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Electrical Workers Veba Trust is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$338K |
| Total Assets | $821K |
| Total Liabilities | $190K |
| Net Assets | $631K |
| Operating Margin | 21.0% |
| Debt-to-Asset Ratio | 23.1% |
| Months of Reserves | 7.7 months |
Financial Health Grade: A
In 2023, Electrical Workers Veba Trust reported a surplus of $338K with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 23.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Electrical Workers Veba Trust's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.8% | -5.7% | +54.7% |
| 2022 | +7.4% | +7.9% | +6.0% |
| 2021 | +1.6% | +1.1% | +21.6% |
| 2020 | -6.5% | -4.2% | -8.4% |
| 2019 | -66.6% | -41.1% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Electrical Workers Veba Trust with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Electrical Workers Veba Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $338K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a strong positive for an organization of its size, suggesting all revenue is directed towards its operational mission.
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.
Strengths
The following positive indicators were identified for Electrical Workers Veba Trust:
- Consistent positive net income, e.g., $338,088 surplus in 2023 ($1,611,297 revenue - $1,273,209 expenses).
- 0% officer compensation reported across all filings, indicating high efficiency and transparency.
- Growing asset base, from $412,077 in 2020 to $821,221 in 2023, demonstrating financial stability.
- Low liabilities relative to assets, with liabilities at $189,756 against assets of $821,221 in 2023.
Frequently Asked Questions about Electrical Workers Veba Trust
Is Electrical Workers Veba Trust a legitimate charity?
Electrical Workers Veba Trust (EIN: 208431466) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Electrical Workers Veba Trust spend its money?
Electrical Workers Veba Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Electrical Workers Veba Trust tax-deductible?
Electrical Workers Veba Trust is registered as a tax-exempt nonprofit (EIN: 208431466). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Electrical Workers Veba Trust compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Electrical Workers 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 Electrical Workers Veba Trust located?
Electrical Workers Veba Trust is headquartered in Spokane, Washington and files with the IRS under EIN 208431466. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Electrical Workers Veba Trust have?
Electrical Workers 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 $1.3M in total revenue.
Is Electrical Workers Veba Trust a good charity?
Based on the provided financial data, Electrical Workers Veba Trust appears to be a well-managed and transparent organization. It consistently operates with a surplus, has growing assets, and reports 0% officer compensation, all of which are positive indicators for a non-profit.
How has the organization's financial health changed over time?
The organization has shown consistent revenue generation and expense management. While there were higher revenue periods in 2016-2018, recent years (2020-2023) show stable revenue around $1.2M-$1.6M, with expenses consistently lower than revenue, leading to asset growth from $412,077 in 2020 to $821,221 in 2023.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led or externally compensated leadership structure, which is highly favorable for directing funds to its mission.
Filing History
IRS 990 filing history for Electrical Workers Veba Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Electrical Workers Veba Trust's revenue has grown by 37.4%, moving from $1.2M to $1.6M. Total assets decreased by 65.9% over the same period, from $2.4M to $821K. Total functional expenses rose by 132.9%, from $547K to $1.3M. In its most recent filing year (2023), Electrical Workers Veba Trust reported a surplus of $338K, with revenue exceeding expenses. The organization holds $190K in liabilities against $821K in assets (debt-to-asset ratio: 23.1%), resulting in net assets of $631K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.3M | $821K | $190K | — | — |
| 2022 | $1.4M | $1.4M | $531K | $238K | — | View 990 |
| 2021 | $1.3M | $1.3M | $501K | $225K | — | View 990 |
| 2020 | $1.3M | $1.2M | $412K | $158K | — | — |
| 2019 | $1.3M | $1.3M | $450K | $212K | — | View 990 |
| 2018 | $4.0M | $2.2M | $429K | $241K | — | View 990 |
| 2017 | $3.4M | $2.4M | $8.9M | $529K | — | — |
| 2016 | $3.1M | $2.0M | $7.4M | $452K | — | View 990 |
| 2015 | $2.3M | $1.4M | $6.1M | $512K | — | View 990 |
| 2014 | $1.5M | $666K | $5.1M | $179K | — | View 990 |
| 2013 | $1.2M | $557K | $4.1M | $139K | — | View 990 |
| 2012 | $1.4M | $644K | $3.3M | $132K | — | View 990 |
| 2011 | $1.2M | $547K | $2.4M | $119K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.3M, and assets of $821K (revenue +17.8% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $531K (revenue +7.4% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $501K (revenue +1.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $412K (revenue -6.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $450K (revenue -66.6% year-over-year).
- 2018: Revenue of $4.0M, expenses of $2.2M, and assets of $429K (revenue +19.1% year-over-year).
- 2017: Revenue of $3.4M, expenses of $2.4M, and assets of $8.9M (revenue +7.1% year-over-year).
- 2016: Revenue of $3.1M, expenses of $2.0M, and assets of $7.4M (revenue +34.4% year-over-year).
- 2015: Revenue of $2.3M, expenses of $1.4M, and assets of $6.1M (revenue +56.9% year-over-year).
- 2014: Revenue of $1.5M, expenses of $666K, and assets of $5.1M (revenue +24.5% year-over-year).
- 2013: Revenue of $1.2M, expenses of $557K, and assets of $4.1M (revenue -16.3% year-over-year).
- 2012: Revenue of $1.4M, expenses of $644K, and assets of $3.3M (revenue +22.1% year-over-year).
- 2011: Revenue of $1.2M, expenses of $547K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Electrical Workers Veba Trust:
Data Sources and Methodology
This transparency report for Electrical Workers 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.