Federal Express Corporation Welfare Benefit Trust For Retired Pilots
Retired Pilots' Welfare Trust Faces Sustained Deficit Spending and Declining Assets.
EIN: 208247963 · Collierville, TN · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $60K |
| Total Expenses | $1.1M |
| Program Spending | 95% |
| Net Assets | $8.6M |
| Transparency Score | 60/100 |
Is Federal Express Corporation Welfare Benefit Trust For Retired Pilots Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Federal Express Corporation Welfare Benefit Trust For Retired Pilots directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Federal Express Corporation Welfare Benefit Trust For Retired Pilots
Federal Express Corporation Welfare Benefit Trust For Retired Pilots (EIN: 208247963) is a nonprofit organization based in Collierville, TN, classified under NTEE code Y43. The organization reported total revenue of $60K and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Federal Express Corporation Welfare Benefit Trust For Retired Pilots's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Federal Express Corporation Welfare Benefit Trust For Retired Pilots is a micro nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-965,130 |
| Total Assets | $8.6M |
| Total Liabilities | $23K |
| Net Assets | $8.6M |
| Operating Margin | -898.0% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 96.1 months |
Financial Health Grade: B
In 2023, Federal Express Corporation Welfare Benefit Trust For Retired Pilots reported a deficit of $965K with expenses exceeding revenue, holds 96.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Federal Express Corporation Welfare Benefit Trust For Retired Pilots's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.6% | -16.2% | -9.9% |
| 2022 | -5.3% | -9.8% | -11.1% |
| 2021 | -12.2% | -14.2% | -11.0% |
| 2020 | -19.5% | -31.3% | -11.4% |
| 2019 | -12.2% | -6.3% | -14.4% |
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 Federal Express Corporation Welfare Benefit Trust For Retired Pilots with a Mission Score of 60 out of 100 (Good). 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, Federal Express Corporation Welfare Benefit Trust For Retired Pilots 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 $965K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive compensation is not a financial burden and aligns with a lean operational model for a trust of this nature.
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 Federal Express Corporation Welfare Benefit Trust For Retired Pilots's IRS 990 filings:
- Consistent and substantial deficit spending (e.g., $965,130 net loss in 2023).
- Significant and continuous decline in total assets over the past decade (from $26.2M in 2014 to $8.5M in 2023).
- Expenses consistently far outweighing revenue (e.g., 2023 expenses were ~10x revenue).
Strengths
The following positive indicators were identified for Federal Express Corporation Welfare Benefit Trust For Retired Pilots:
- Zero reported officer compensation, indicating efficient administrative cost control.
- Consistent IRS 990 filing history, demonstrating good transparency.
- Substantial asset base, despite decline, providing a buffer for current operations ($8.5M in 2023).
Frequently Asked Questions about Federal Express Corporation Welfare Benefit Trust For Retired Pilots
Is Federal Express Corporation Welfare Benefit Trust For Retired Pilots a legitimate charity?
Federal Express Corporation Welfare Benefit Trust For Retired Pilots (EIN: 208247963) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 60/100. It has 14 years of IRS 990 filings on record. Total revenue: $60K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Federal Express Corporation Welfare Benefit Trust For Retired Pilots spend its money?
Federal Express Corporation Welfare Benefit Trust For Retired Pilots directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Federal Express Corporation Welfare Benefit Trust For Retired Pilots tax-deductible?
Federal Express Corporation Welfare Benefit Trust For Retired Pilots is registered as a tax-exempt nonprofit (EIN: 208247963). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Federal Express Corporation Welfare Benefit Trust For Retired Pilots compare to similar nonprofits?
With a transparency score of 60/100 (Good), Federal Express Corporation Welfare Benefit Trust For Retired Pilots 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 Federal Express Corporation Welfare Benefit Trust For Retired Pilots located?
Federal Express Corporation Welfare Benefit Trust For Retired Pilots is headquartered in Collierville, Tennessee and files with the IRS under EIN 208247963. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Federal Express Corporation Welfare Benefit Trust For Retired Pilots have?
Federal Express Corporation Welfare Benefit Trust For Retired Pilots has 14 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 $60K in total revenue.
Is Federal Express Corporation Welfare Benefit Trust For Retired Pilots financially sustainable?
Based on the consistent and significant deficit spending (e.g., $107,481 revenue vs. $1,072,611 expenses in 2023) and the steady decline in assets from $26.2 million in 2014 to $8.5 million in 2023, the trust's current financial model is not sustainable in the long term as it relies on asset liquidation.
What is the primary use of the trust's funds?
Given the nature of a welfare benefit trust for retired pilots and the high expense levels relative to revenue, it is highly probable that the majority of funds are disbursed as benefits to eligible retired pilots, though specific program details are not explicitly broken down in the provided summary data.
Why are assets declining so rapidly?
Assets are declining because the trust's annual expenses consistently and significantly exceed its annual revenue. For example, in 2023, expenses were approximately 10 times revenue, requiring the trust to draw down its asset base to cover the difference.
Filing History
IRS 990 filing history for Federal Express Corporation Welfare Benefit Trust For Retired Pilots showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Federal Express Corporation Welfare Benefit Trust For Retired Pilots's revenue has grown by 532.7%, moving from $17K to $107K. Total assets decreased by 74.9% over the same period, from $34.2M to $8.6M. Total functional expenses fell by 30.1%, from $1.5M to $1.1M. In its most recent filing year (2023), Federal Express Corporation Welfare Benefit Trust For Retired Pilots reported a deficit of $965K, with expenses exceeding revenue. The organization holds $23K in liabilities against $8.6M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $8.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $107K | $1.1M | $8.6M | $23K | — | — |
| 2022 | $85K | $1.3M | $9.5M | $0 | — | View 990 |
| 2021 | $90K | $1.4M | $10.7M | $0 | — | View 990 |
| 2020 | $102K | $1.7M | $12.1M | $0 | — | — |
| 2019 | $127K | $2.4M | $13.6M | $0 | — | — |
| 2018 | $144K | $2.6M | $15.9M | $0 | — | View 990 |
| 2017 | $137K | $2.7M | $18.3M | $0 | — | View 990 |
| 2016 | $93K | $2.8M | $20.9M | $0 | — | View 990 |
| 2015 | $27K | $2.8M | $23.5M | $0 | — | View 990 |
| 2014 | $15K | $2.7M | $26.3M | $0 | — | View 990 |
| 2013 | $19K | $2.1M | $29.0M | $0 | — | View 990 |
| 2012 | $34K | $1.8M | $31.0M | $0 | — | View 990 |
| 2011 | $38K | $1.6M | $32.7M | $0 | — | View 990 |
| 2010 | $17K | $1.5M | $34.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $107K, expenses of $1.1M, and assets of $8.6M (revenue +26.6% year-over-year).
- 2022: Revenue of $85K, expenses of $1.3M, and assets of $9.5M (revenue -5.3% year-over-year).
- 2021: Revenue of $90K, expenses of $1.4M, and assets of $10.7M (revenue -12.2% year-over-year).
- 2020: Revenue of $102K, expenses of $1.7M, and assets of $12.1M (revenue -19.5% year-over-year).
- 2019: Revenue of $127K, expenses of $2.4M, and assets of $13.6M (revenue -12.2% year-over-year).
- 2018: Revenue of $144K, expenses of $2.6M, and assets of $15.9M (revenue +5.0% year-over-year).
- 2017: Revenue of $137K, expenses of $2.7M, and assets of $18.3M (revenue +47.8% year-over-year).
- 2016: Revenue of $93K, expenses of $2.8M, and assets of $20.9M (revenue +249.8% year-over-year).
- 2015: Revenue of $27K, expenses of $2.8M, and assets of $23.5M (revenue +77.8% year-over-year).
- 2014: Revenue of $15K, expenses of $2.7M, and assets of $26.3M (revenue -22.4% year-over-year).
- 2013: Revenue of $19K, expenses of $2.1M, and assets of $29.0M (revenue -42.6% year-over-year).
- 2012: Revenue of $34K, expenses of $1.8M, and assets of $31.0M (revenue -11.6% year-over-year).
- 2011: Revenue of $38K, expenses of $1.6M, and assets of $32.7M (revenue +123.3% year-over-year).
- 2010: Revenue of $17K, expenses of $1.5M, and assets of $34.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Federal Express Corporation Welfare Benefit Trust For Retired Pilots:
Data Sources and Methodology
This transparency report for Federal Express Corporation Welfare Benefit Trust For Retired Pilots 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.