Erc Inc Veba Tr
Erc Inc Veba Tr maintains strong revenue with minimal assets and no reported liabilities or officer compensation.
EIN: 207241699 · Huntsville, AL · NTEE: Y43 · Updated: 2026-03-28
Is Erc Inc Veba Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Erc Inc Veba Tr directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Erc Inc Veba Tr
Erc Inc Veba Tr (EIN: 207241699) is a nonprofit organization based in Huntsville, AL, classified under NTEE code Y43. The organization reported total revenue of $23.4M and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Erc Inc Veba Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Erc Inc Veba Tr is a large nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.6M |
| Total Expenses | $16.2M |
| Surplus / Deficit | $-566,855 |
| Total Assets | $32K |
| Net Assets | $32K |
| Operating Margin | -3.6% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2022, Erc Inc Veba Tr reported a deficit of $567K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2022), Erc Inc Veba Tr's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -16.9% | -18.5% | -94.6% |
| 2021 | +4.2% | +18.1% | -63.9% |
| 2020 | +10.2% | +0.8% | +288.5% |
| 2019 | +13.9% | +21.0% | -41.0% |
| 2018 | +35.7% | +31.3% | +491.8% |
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 Erc Inc Veba Tr 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Erc Inc Veba Tr allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $567K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation, which is highly unusual for an organization of this revenue size and suggests a volunteer-led or extremely lean leadership structure.
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 Erc Inc Veba Tr's IRS 990 filings:
- Extremely low assets relative to high revenue, which could indicate a lack of reserves or unusual financial structure.
Strengths
The following positive indicators were identified for Erc Inc Veba Tr:
- Consistent reporting of zero liabilities, indicating strong financial stability and no debt burden.
- No reported officer compensation, suggesting highly efficient or volunteer-driven leadership.
- High program spending (100% based on available data), indicating a strong focus on mission delivery.
- Consistent revenue generation over multiple years, demonstrating financial sustainability.
Frequently Asked Questions about Erc Inc Veba Tr
Is Erc Inc Veba Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Erc Inc Veba Tr (EIN: 207241699) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Erc Inc Veba Tr spend its money?
Erc Inc Veba Tr directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Erc Inc Veba Tr tax-deductible?
Erc Inc Veba Tr is registered as a tax-exempt nonprofit (EIN: 207241699). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why are the assets so low relative to the organization's revenue?
The organization consistently reports very low assets (e.g., $2,353 in the latest filing) despite significant revenue (e.g., $23,434,239). This could indicate that funds are quickly disbursed for program services, or that the organization does not hold significant capital assets.
How does the organization manage without officer compensation?
All available filings show 0% officer compensation, which is highly uncommon for an organization with multi-million dollar revenues. This suggests a volunteer-driven leadership or that compensation is structured in a way not reported as 'officer compensation' on the 990.
What are the primary program activities given the NTEE code Y43?
The NTEE code Y43 typically refers to 'Voluntary Employees' Beneficiary Associations (VEBAs)'. This suggests the organization's primary activities likely involve providing benefits to employees, which aligns with the high program spending and lack of traditional administrative or fundraising expenses.
Filing History
IRS 990 filing history for Erc Inc Veba Tr showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Erc Inc Veba Tr's revenue has grown by 140.7%, moving from $6.5M to $15.6M. Total assets decreased by 35.6% over the same period, from $50K to $32K. Total functional expenses rose by 127.8%, from $7.1M to $16.2M. In its most recent filing year (2022), Erc Inc Veba Tr reported a deficit of $567K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $15.6M | $16.2M | $32K | $0 | — | View 990 |
| 2021 | $18.8M | $19.9M | $599K | $0 | — | View 990 |
| 2020 | $18.0M | $16.8M | $1.7M | $0 | — | — |
| 2019 | $16.4M | $16.7M | $427K | $0 | — | View 990 |
| 2018 | $14.4M | $13.8M | $725K | $0 | — | View 990 |
| 2017 | $10.6M | $10.5M | $122K | $0 | — | — |
| 2016 | $9.3M | $9.4M | $20K | $0 | — | View 990 |
| 2015 | $7.5M | $9.3M | $133K | $0 | — | View 990 |
| 2014 | $9.6M | $7.8M | $2.0M | $0 | — | View 990 |
| 2013 | $5.0M | $6.0M | $218K | $0 | — | View 990 |
| 2012 | $6.0M | $4.8M | $1.2M | $0 | — | View 990 |
| 2011 | $6.5M | $7.1M | $50K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $15.6M, expenses of $16.2M, and assets of $32K (revenue -16.9% year-over-year).
- 2021: Revenue of $18.8M, expenses of $19.9M, and assets of $599K (revenue +4.2% year-over-year).
- 2020: Revenue of $18.0M, expenses of $16.8M, and assets of $1.7M (revenue +10.2% year-over-year).
- 2019: Revenue of $16.4M, expenses of $16.7M, and assets of $427K (revenue +13.9% year-over-year).
- 2018: Revenue of $14.4M, expenses of $13.8M, and assets of $725K (revenue +35.7% year-over-year).
- 2017: Revenue of $10.6M, expenses of $10.5M, and assets of $122K (revenue +14.2% year-over-year).
- 2016: Revenue of $9.3M, expenses of $9.4M, and assets of $20K (revenue +24.4% year-over-year).
- 2015: Revenue of $7.5M, expenses of $9.3M, and assets of $133K (revenue -22.1% year-over-year).
- 2014: Revenue of $9.6M, expenses of $7.8M, and assets of $2.0M (revenue +90.0% year-over-year).
- 2013: Revenue of $5.0M, expenses of $6.0M, and assets of $218K (revenue -15.4% year-over-year).
- 2012: Revenue of $6.0M, expenses of $4.8M, and assets of $1.2M (revenue -8.2% year-over-year).
- 2011: Revenue of $6.5M, expenses of $7.1M, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Erc Inc Veba Tr:
Data Sources and Methodology
This transparency report for Erc Inc Veba 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.