Hy Line Voluntary Employees Beneficiary Association Plan & Tru
Hy Line VEBA faces significant deficits despite substantial assets and zero officer compensation.
EIN: 201314610 · West Des Moines, IA · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $298K |
| Total Expenses | $723K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $9.5M |
| Transparency Score | 70/100 |
Is Hy Line Voluntary Employees Beneficiary Association Plan & Tru Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hy Line Voluntary Employees Beneficiary Association Plan & Tru directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hy Line Voluntary Employees Beneficiary Association Plan & Tru
Hy Line Voluntary Employees Beneficiary Association Plan & Tru (EIN: 201314610) is a nonprofit organization based in West Des Moines, IA, classified under NTEE code Y43. The organization reported total revenue of $298K and total assets of $9.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hy Line Voluntary Employees Beneficiary Association Plan & Tru's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hy Line Voluntary Employees Beneficiary Association Plan & Tru is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $139K |
| Total Expenses | $723K |
| Surplus / Deficit | $-583,634 |
| Total Assets | $9.5M |
| Net Assets | $9.5M |
| Operating Margin | -418.8% |
| Months of Reserves | 157.9 months |
Financial Health Grade: B
In 2023, Hy Line Voluntary Employees Beneficiary Association Plan & Tru reported a deficit of $584K with expenses exceeding revenue, holds 157.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Hy Line Voluntary Employees Beneficiary Association Plan & Tru's revenue has declined at a compound annual growth rate (CAGR) of -14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -74.5% | -19.6% | +0.8% |
| 2022 | -35.9% | +5.6% | -14.3% |
| 2021 | -29.7% | -29.7% | +16.5% |
| 2020 | +16.0% | +16.0% | +0.1% |
| 2019 | +0.6% | +0.6% | +21.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Hy Line Voluntary Employees Beneficiary Association Plan & Tru with a Mission Score of 70 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Hy Line Voluntary Employees Beneficiary Association Plan & Tru allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $584K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization with over $9 million in assets and significant annual expenses, suggesting either a fully volunteer-led executive team or that executive functions are handled by an external entity not compensated directly by the VEBA.
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 Hy Line Voluntary Employees Beneficiary Association Plan & Tru's IRS 990 filings:
- Significant and sustained operating deficits in recent years (e.g., $583,634 in 2023, $343,130 in 2022).
- Sharp decline in revenue over the past few years, from over $1 million to $139,351.
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in the provided data, hindering full efficiency assessment.
Strengths
The following positive indicators were identified for Hy Line Voluntary Employees Beneficiary Association Plan & Tru:
- Substantial asset base of $9,585,104, providing a buffer against financial challenges.
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Long history of IRS 990 filings (13 filings), demonstrating regulatory compliance and transparency.
- Zero liabilities reported in several recent periods (e.g., 2023, 2022, 2020), indicating a strong balance sheet in those years.
Frequently Asked Questions about Hy Line Voluntary Employees Beneficiary Association Plan & Tru
Is Hy Line Voluntary Employees Beneficiary Association Plan & Tru a legitimate charity?
Based on AI analysis of IRS 990 filings, Hy Line Voluntary Employees Beneficiary Association Plan & Tru (EIN: 201314610) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does Hy Line Voluntary Employees Beneficiary Association Plan & Tru spend its money?
Hy Line Voluntary Employees Beneficiary Association Plan & Tru directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hy Line Voluntary Employees Beneficiary Association Plan & Tru tax-deductible?
Hy Line Voluntary Employees Beneficiary Association Plan & Tru is registered as a tax-exempt nonprofit (EIN: 201314610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hy Line Voluntary Employees Beneficiary Association Plan & Tru CEO make?
Hy Line Voluntary Employees Beneficiary Association Plan & Tru's highest-compensated officer earns $9 annually. The organization reported $298K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Hy Line Voluntary Employees Beneficiary Association Plan & Tru compare to similar nonprofits?
With a transparency score of 70/100 (Good), Hy Line Voluntary Employees Beneficiary Association Plan & Tru 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 Hy Line Voluntary Employees Beneficiary Association Plan & Tru located?
Hy Line Voluntary Employees Beneficiary Association Plan & Tru is headquartered in West Des Moines, Iowa and files with the IRS under EIN 201314610. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Hy Line Voluntary Employees Beneficiary Association Plan & Tru have?
Hy Line Voluntary Employees Beneficiary Association Plan & Tru 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 $298K in total revenue.
Why has revenue declined so sharply in recent years?
Revenue has decreased from $1,211,030 in 2020 to $139,351 in 2023. Understanding the reasons for this significant drop, such as changes in membership, contributions, or investment income, is crucial for assessing financial stability.
How are the consistent deficits being funded?
The organization reported expenses of $722,985 against revenues of $139,351 in 2023, and similar deficits in 2022. It's important to know if these deficits are covered by drawing down assets, investment gains, or other sources, and if this is a sustainable practice.
What is the specific breakdown of program, administrative, and fundraising expenses?
While officer compensation is 0%, a detailed breakdown of how the total expenses (e.g., $722,985 in 2023) are allocated among program services, administration, and any fundraising efforts is necessary to fully evaluate spending efficiency and mission focus.
What is the nature of the liabilities reported in certain years?
In some years (e.g., 2021, 2018, 2017), liabilities match assets exactly, while in others (e.g., 2023, 2022, 2020), liabilities are zero. Clarifying the nature of these liabilities and their fluctuations is important for understanding the organization's financial structure.
Filing History
IRS 990 filing history for Hy Line Voluntary Employees Beneficiary Association Plan & Tru showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hy Line Voluntary Employees Beneficiary Association Plan & Tru's revenue has declined by 83.6%, moving from $848K to $139K. Total assets increased by 166% over the same period, from $3.6M to $9.5M. Total functional expenses fell by 14.7%, from $848K to $723K. In its most recent filing year (2023), Hy Line Voluntary Employees Beneficiary Association Plan & Tru reported a deficit of $584K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $139K | $723K | $9.5M | $0 | — | View 990 |
| 2022 | $546K | $899K | $9.4M | $0 | — | View 990 |
| 2021 | $852K | $852K | $11.0M | $11.0M | — | — |
| 2020 | $1.2M | $1.2M | $9.4M | $0 | — | View 990 |
| 2019 | $1.0M | $1.0M | $9.4M | $0 | — | View 990 |
| 2018 | $1.0M | $1.0M | $7.8M | $7.8M | — | — |
| 2017 | $1.1M | $1.1M | $6.8M | $6.8M | — | View 990 |
| 2016 | $956K | $956K | $5.9M | $5.9M | — | View 990 |
| 2015 | $841K | $841K | $5.0M | $5.0M | — | View 990 |
| 2014 | $403K | $403K | $5.0M | $5.0M | — | View 990 |
| 2013 | $799K | $799K | $4.2M | $4.2M | — | View 990 |
| 2012 | $846K | $846K | $3.6M | $3.6M | — | View 990 |
| 2011 | $848K | $848K | $3.6M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $139K, expenses of $723K, and assets of $9.5M (revenue -74.5% year-over-year).
- 2022: Revenue of $546K, expenses of $899K, and assets of $9.4M (revenue -35.9% year-over-year).
- 2021: Revenue of $852K, expenses of $852K, and assets of $11.0M (revenue -29.7% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $9.4M (revenue +16.0% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.0M, and assets of $9.4M (revenue +0.6% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.0M, and assets of $7.8M (revenue -8.1% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $6.8M (revenue +18.2% year-over-year).
- 2016: Revenue of $956K, expenses of $956K, and assets of $5.9M (revenue +13.7% year-over-year).
- 2015: Revenue of $841K, expenses of $841K, and assets of $5.0M (revenue +108.4% year-over-year).
- 2014: Revenue of $403K, expenses of $403K, and assets of $5.0M (revenue -49.5% year-over-year).
- 2013: Revenue of $799K, expenses of $799K, and assets of $4.2M (revenue -5.5% year-over-year).
- 2012: Revenue of $846K, expenses of $846K, and assets of $3.6M (revenue -0.2% year-over-year).
- 2011: Revenue of $848K, expenses of $848K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hy Line Voluntary Employees Beneficiary Association Plan & Tru:
Data Sources and Methodology
This transparency report for Hy Line Voluntary Employees Beneficiary Association Plan & Tru 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.