Highmark West Virginia Inc Welfare Trust Fund
Highmark West Virginia Welfare Trust Fund faces persistent operating deficits and declining assets.
EIN: 203482233 · Pittsburgh, PA · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $3.0M |
| Program Spending | 80% |
| Net Assets | $13.1M |
| Transparency Score | 55/100 |
Is Highmark West Virginia Inc Welfare Trust Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Highmark West Virginia Inc Welfare Trust Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Highmark West Virginia Inc Welfare Trust Fund
Highmark West Virginia Inc Welfare Trust Fund (EIN: 203482233) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code Y43. The organization reported total revenue of $3.9M and total assets of $11.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Highmark West Virginia Inc Welfare Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Highmark West Virginia Inc Welfare Trust Fund is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-1,680,257 |
| Total Assets | $13.1M |
| Total Liabilities | $2K |
| Net Assets | $13.1M |
| Operating Margin | -129.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 52.9 months |
Financial Health Grade: B
In 2023, Highmark West Virginia Inc Welfare Trust Fund reported a deficit of $1.7M with expenses exceeding revenue, holds 52.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Highmark West Virginia Inc Welfare Trust Fund's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.5% | -3.8% | -6.7% |
| 2022 | +125.3% | -4.8% | -29.1% |
| 2021 | -14.5% | +8.4% | -4.8% |
| 2020 | -81.3% | -16.1% | -4.2% |
| 2019 | +11.7% | -10.3% | +11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Highmark West Virginia Inc Welfare Trust Fund with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Highmark West Virginia Inc Welfare Trust Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating that no executive salaries are paid, which is highly favorable for resource allocation.
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 Highmark West Virginia Inc Welfare Trust Fund's IRS 990 filings:
- Consistent and significant operating deficits, with expenses exceeding revenue in most recent years (e.g., 2023 expenses $2.98M vs. revenue $1.3M).
- Declining asset base over several years, from $22.3M in 2017 to $13.1M in 2023, indicating reliance on reserves to cover deficits.
- Lack of detailed expense breakdown in the provided data makes it difficult to assess program efficiency beyond overall financial trends.
Strengths
The following positive indicators were identified for Highmark West Virginia Inc Welfare Trust Fund:
- Zero officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
- Significant asset base of over $11 million, providing a buffer despite recent declines.
Frequently Asked Questions about Highmark West Virginia Inc Welfare Trust Fund
Is Highmark West Virginia Inc Welfare Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Highmark West Virginia Inc Welfare Trust Fund (EIN: 203482233) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
How does Highmark West Virginia Inc Welfare Trust Fund spend its money?
Highmark West Virginia Inc Welfare Trust Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Highmark West Virginia Inc Welfare Trust Fund tax-deductible?
Highmark West Virginia Inc Welfare Trust Fund is registered as a tax-exempt nonprofit (EIN: 203482233). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Highmark West Virginia Inc Welfare Trust Fund's spending goes to programs?
Highmark West Virginia Inc Welfare Trust Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Highmark West Virginia Inc Welfare Trust Fund compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Highmark West Virginia Inc Welfare Trust Fund is near average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Highmark West Virginia Inc Welfare Trust Fund located?
Highmark West Virginia Inc Welfare Trust Fund is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 203482233. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Highmark West Virginia Inc Welfare Trust Fund have?
Highmark West Virginia Inc Welfare Trust Fund 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 $3.9M in total revenue.
How does Highmark West Virginia Inc Welfare Trust Fund cover its consistent operating deficits?
The organization appears to be covering its operating deficits by drawing down its assets, which have decreased from $22.3 million in 2017 to $13.1 million in 2023.
What is the long-term financial sustainability outlook for this organization given its revenue and expense trends?
The long-term financial sustainability is questionable if the trend of expenses significantly exceeding revenue continues, as it will eventually deplete its asset base.
What specific programs does the organization fund with its expenses?
The provided data does not detail specific programs, only overall expenses. Further investigation into their program activities would be needed.
Filing History
IRS 990 filing history for Highmark West Virginia Inc Welfare Trust Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Highmark West Virginia Inc Welfare Trust Fund's revenue has declined by 52.3%, moving from $2.7M to $1.3M. Total assets decreased by 23.7% over the same period, from $17.2M to $13.1M. Total functional expenses rose by 301.2%, from $743K to $3.0M. In its most recent filing year (2023), Highmark West Virginia Inc Welfare Trust Fund reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $2K in liabilities against $13.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $3.0M | $13.1M | $2K | — | — |
| 2022 | $1.0M | $3.1M | $14.1M | $1K | — | View 990 |
| 2021 | $449K | $3.3M | $19.8M | $26K | — | View 990 |
| 2020 | $525K | $3.0M | $20.8M | $89K | — | View 990 |
| 2019 | $2.8M | $3.6M | $21.7M | $133K | — | View 990 |
| 2018 | $2.5M | $4.0M | $19.5M | $100K | — | View 990 |
| 2017 | $2.1M | $3.0M | $22.3M | $2K | — | View 990 |
| 2016 | $2.1M | $2.3M | $20.3M | $2K | — | View 990 |
| 2015 | $3.4M | $2.6M | $20.0M | $76K | — | View 990 |
| 2014 | $4.0M | $2.5M | $21.7M | $130K | — | View 990 |
| 2013 | $1.6M | $1.3M | $21.3M | $94K | — | View 990 |
| 2012 | $2.0M | $1.7M | $19.5M | $82K | — | View 990 |
| 2011 | $1.6M | $669K | $18.2M | $77K | — | View 990 |
| 2010 | $2.7M | $743K | $17.2M | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $3.0M, and assets of $13.1M (revenue +28.5% year-over-year).
- 2022: Revenue of $1.0M, expenses of $3.1M, and assets of $14.1M (revenue +125.3% year-over-year).
- 2021: Revenue of $449K, expenses of $3.3M, and assets of $19.8M (revenue -14.5% year-over-year).
- 2020: Revenue of $525K, expenses of $3.0M, and assets of $20.8M (revenue -81.3% year-over-year).
- 2019: Revenue of $2.8M, expenses of $3.6M, and assets of $21.7M (revenue +11.7% year-over-year).
- 2018: Revenue of $2.5M, expenses of $4.0M, and assets of $19.5M (revenue +22.2% year-over-year).
- 2017: Revenue of $2.1M, expenses of $3.0M, and assets of $22.3M (revenue -3.9% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.3M, and assets of $20.3M (revenue -36.3% year-over-year).
- 2015: Revenue of $3.4M, expenses of $2.6M, and assets of $20.0M (revenue -15.3% year-over-year).
- 2014: Revenue of $4.0M, expenses of $2.5M, and assets of $21.7M (revenue +144.3% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.3M, and assets of $21.3M (revenue -18.9% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.7M, and assets of $19.5M (revenue +23.3% year-over-year).
- 2011: Revenue of $1.6M, expenses of $669K, and assets of $18.2M (revenue -40.3% year-over-year).
- 2010: Revenue of $2.7M, expenses of $743K, and assets of $17.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Highmark West Virginia Inc Welfare Trust Fund:
Data Sources and Methodology
This transparency report for Highmark West Virginia Inc Welfare Trust Fund 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.