International Brotherhood Of Teamsters Voluntary Benefits Trust
Teamsters Voluntary Benefits Trust experiences significant revenue and expense fluctuations, with a recent operational deficit.
EIN: 16196051 · Washington, DC · NTEE: Y43 · Updated: 2026-03-28
Is International Brotherhood Of Teamsters Voluntary Benefits Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
International Brotherhood Of Teamsters Voluntary Benefits Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About International Brotherhood Of Teamsters Voluntary Benefits Trust
International Brotherhood Of Teamsters Voluntary Benefits Trust (EIN: 16196051) is a nonprofit organization based in Washington, DC, classified under NTEE code Y43. The organization reported total revenue of $983K and total assets of $24.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Brotherhood Of Teamsters Voluntary Benefits Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Brotherhood Of Teamsters Voluntary Benefits Trust is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -19.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-2,100,991 |
| Total Assets | $22.5M |
| Total Liabilities | $175K |
| Net Assets | $22.3M |
| Operating Margin | -99.9% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 64.1 months |
Financial Health Grade: B
In 2023, International Brotherhood Of Teamsters Voluntary Benefits Trust reported a deficit of $2.1M with expenses exceeding revenue, holds 64.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), International Brotherhood Of Teamsters Voluntary Benefits Trust's revenue has declined at a compound annual growth rate (CAGR) of -19.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.0% | -91.8% | -11.8% |
| 2022 | +3.4% | +1.3% | +1.3% |
| 2021 | +1.0% | +8.3% | +2.7% |
| 2020 | +3.2% | -2.8% | +20.6% |
| 2019 | +29.0% | +15.5% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 International Brotherhood Of Teamsters Voluntary Benefits Trust with a Mission Score of 75 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, International Brotherhood Of Teamsters Voluntary Benefits Trust allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 deficit of $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is a positive sign 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 International Brotherhood Of Teamsters Voluntary Benefits Trust's IRS 990 filings:
- Significant year-over-year revenue volatility, particularly the sharp drop in 2023 from $53M to $2M.
- Expenses exceeding revenue in the most recent filing (202312), indicating an operational deficit.
Strengths
The following positive indicators were identified for International Brotherhood Of Teamsters Voluntary Benefits Trust:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds in this area.
- Strong and stable asset base, consistently around $20-25 million, providing financial security.
- Low liabilities relative to assets, demonstrating good financial management and solvency.
Frequently Asked Questions about International Brotherhood Of Teamsters Voluntary Benefits Trust
Is International Brotherhood Of Teamsters Voluntary Benefits Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, International Brotherhood Of Teamsters Voluntary Benefits Trust (EIN: 16196051) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does International Brotherhood Of Teamsters Voluntary Benefits Trust spend its money?
International Brotherhood Of Teamsters Voluntary Benefits Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to International Brotherhood Of Teamsters Voluntary Benefits Trust tax-deductible?
International Brotherhood Of Teamsters Voluntary Benefits Trust is registered as a tax-exempt nonprofit (EIN: 16196051). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did the organization's revenue drop from $53,151,680 in 2022 to $2,102,812 in 2023?
The provided data shows a drastic decrease in revenue for the 2023 period compared to previous years, which could be due to changes in benefit plan structure, funding mechanisms, or a reporting anomaly. Further investigation into the detailed 990 forms would be necessary to understand this significant change.
Is the organization's asset base sufficient to cover its liabilities?
Yes, with assets consistently around $20-25 million and liabilities generally below $3.5 million (e.g., $174,978 in 2023), the organization appears to have a strong asset base relative to its liabilities, indicating financial solvency.
What caused the expense increase in 2023 to exceed revenue?
In 2023, expenses were $4,203,803 while revenue was $2,102,812, resulting in a deficit. This could be due to one-time expenditures, a decline in contributions, or a strategic decision to draw down reserves. The detailed 990 would provide specifics on expense categories.
Filing History
IRS 990 filing history for International Brotherhood Of Teamsters Voluntary Benefits Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), International Brotherhood Of Teamsters Voluntary Benefits Trust's revenue has declined by 92.9%, moving from $29.6M to $2.1M. Total assets increased by 68.2% over the same period, from $13.4M to $22.5M. Total functional expenses fell by 84.6%, from $27.3M to $4.2M. In its most recent filing year (2023), International Brotherhood Of Teamsters Voluntary Benefits Trust reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $175K in liabilities against $22.5M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $22.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $4.2M | $22.5M | $175K | — | View 990 |
| 2022 | $53.2M | $51.3M | $25.5M | $1.4M | — | View 990 |
| 2021 | $51.4M | $50.7M | $25.2M | $3.5M | — | View 990 |
| 2020 | $50.9M | $46.8M | $24.5M | $3.5M | — | — |
| 2019 | $49.3M | $48.1M | $20.3M | $3.5M | — | View 990 |
| 2018 | $38.2M | $41.7M | $19.1M | $3.5M | — | View 990 |
| 2017 | $47.5M | $48.5M | $19.7M | $607K | — | — |
| 2016 | $46.9M | $46.8M | $20.8M | $670K | — | View 990 |
| 2015 | $43.8M | $44.6M | $20.7M | $763K | — | View 990 |
| 2014 | $36.8M | $35.8M | $21.6M | $827K | — | View 990 |
| 2013 | $33.0M | $30.5M | $18.9M | $893K | — | View 990 |
| 2012 | $30.4M | $27.6M | $16.2M | $748K | — | View 990 |
| 2011 | $29.6M | $27.3M | $13.4M | $632K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $4.2M, and assets of $22.5M (revenue -96.0% year-over-year).
- 2022: Revenue of $53.2M, expenses of $51.3M, and assets of $25.5M (revenue +3.4% year-over-year).
- 2021: Revenue of $51.4M, expenses of $50.7M, and assets of $25.2M (revenue +1.0% year-over-year).
- 2020: Revenue of $50.9M, expenses of $46.8M, and assets of $24.5M (revenue +3.2% year-over-year).
- 2019: Revenue of $49.3M, expenses of $48.1M, and assets of $20.3M (revenue +29.0% year-over-year).
- 2018: Revenue of $38.2M, expenses of $41.7M, and assets of $19.1M (revenue -19.5% year-over-year).
- 2017: Revenue of $47.5M, expenses of $48.5M, and assets of $19.7M (revenue +1.1% year-over-year).
- 2016: Revenue of $46.9M, expenses of $46.8M, and assets of $20.8M (revenue +7.2% year-over-year).
- 2015: Revenue of $43.8M, expenses of $44.6M, and assets of $20.7M (revenue +18.9% year-over-year).
- 2014: Revenue of $36.8M, expenses of $35.8M, and assets of $21.6M (revenue +11.4% year-over-year).
- 2013: Revenue of $33.0M, expenses of $30.5M, and assets of $18.9M (revenue +8.8% year-over-year).
- 2012: Revenue of $30.4M, expenses of $27.6M, and assets of $16.2M (revenue +2.7% year-over-year).
- 2011: Revenue of $29.6M, expenses of $27.3M, and assets of $13.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Brotherhood Of Teamsters Voluntary Benefits Trust:
Data Sources and Methodology
This transparency report for International Brotherhood Of Teamsters Voluntary Benefits 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.