J Daddario & Co Inc Voluntary Employees Beneficiary Association
J Daddario & Co Inc VEBA consistently processes millions in employee benefits with no reported officer compensation.
EIN: 112690737 · Farmingdale, NY · Updated: 2026-03-28
Is J Daddario & Co Inc Voluntary Employees Beneficiary Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
J Daddario & Co Inc Voluntary Employees Beneficiary Association directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About J Daddario & Co Inc Voluntary Employees Beneficiary Association
J Daddario & Co Inc Voluntary Employees Beneficiary Association (EIN: 112690737) is a nonprofit organization based in Farmingdale, NY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of J Daddario & Co Inc Voluntary Employees Beneficiary Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
J Daddario & Co Inc Voluntary Employees Beneficiary Association is a mid-size nonprofit that has been operating for 37 years, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.9M |
| Total Expenses | $6.1M |
| Surplus / Deficit | $-233,461 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -4.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2014, J Daddario & Co Inc Voluntary Employees Beneficiary Association reported a deficit of $233K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2011–2014), J Daddario & Co Inc Voluntary Employees Beneficiary Association's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +12.8% | +19.3% | -100.0% |
| 2013 | -9.4% | -11.8% | +60.5% |
| 2012 | -12.2% | -10.3% | -26.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 J Daddario & Co Inc Voluntary Employees Beneficiary Association with a Mission Score of 85 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, J Daddario & Co Inc Voluntary Employees Beneficiary Association 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $233K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reported 0% officer compensation across all four filings, indicating that no direct compensation was paid to its officers, which is a strong positive for financial efficiency and 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 J Daddario & Co Inc Voluntary Employees Beneficiary Association's IRS 990 filings:
- Consistent reporting of $0 assets and liabilities in latest filing despite millions in financial activity, which is unusual and warrants further scrutiny.
Strengths
The following positive indicators were identified for J Daddario & Co Inc Voluntary Employees Beneficiary Association:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds regarding executive pay.
- Stable financial operations with millions in revenue and expenses processed annually.
- Likely high program spending given the nature of a VEBA and the absence of officer compensation.
Frequently Asked Questions about J Daddario & Co Inc Voluntary Employees Beneficiary Association
Is J Daddario & Co Inc Voluntary Employees Beneficiary Association a legitimate charity?
Based on AI analysis of IRS 990 filings, J Daddario & Co Inc Voluntary Employees Beneficiary Association (EIN: 112690737) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does J Daddario & Co Inc Voluntary Employees Beneficiary Association spend its money?
J Daddario & Co Inc Voluntary Employees Beneficiary Association directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to J Daddario & Co Inc Voluntary Employees Beneficiary Association tax-deductible?
J Daddario & Co Inc Voluntary Employees Beneficiary Association is registered as a tax-exempt nonprofit (EIN: 112690737). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does J Daddario & Co Inc VEBA manage its assets and liabilities, given the consistent reporting of $0 in the latest filing despite millions in revenue and expenses?
The consistent reporting of $0 in assets and liabilities in the 2014 filing, despite millions in revenue and expenses, suggests that funds may be immediately disbursed or held in a trust structure not directly reflected on these specific 990 lines. Further investigation into the full 990 forms would be needed to understand the complete financial structure.
What are the specific categories of expenses for J Daddario & Co Inc VEBA?
The provided data only shows total expenses. Without a detailed breakdown from the full IRS 990 filings, it's impossible to determine the specific categories of expenses (e.g., benefits paid, administrative costs, etc.).
Is the organization financially sustainable given the slight deficit in 2014?
In 2014, expenses ($6,108,135) slightly exceeded revenue ($5,874,674) by $233,461. While a single year's deficit isn't necessarily alarming for a VEBA, consistent deficits could indicate long-term sustainability issues. However, prior years showed revenues generally covering expenses, suggesting overall stability.
Filing History
IRS 990 filing history for J Daddario & Co Inc Voluntary Employees Beneficiary Association showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), J Daddario & Co Inc Voluntary Employees Beneficiary Association's revenue has declined by 10.3%, moving from $6.5M to $5.9M. Total assets decreased by 100% over the same period, from $198K to $0. Total functional expenses fell by 5.6%, from $6.5M to $6.1M. In its most recent filing year (2014), J Daddario & Co Inc Voluntary Employees Beneficiary Association reported a deficit of $233K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $5.9M | $6.1M | $0 | $0 | — | View 990 |
| 2013 | $5.2M | $5.1M | $233K | $0 | — | View 990 |
| 2012 | $5.8M | $5.8M | $145K | $0 | — | View 990 |
| 2011 | $6.5M | $6.5M | $198K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $5.9M, expenses of $6.1M, and assets of $0 (revenue +12.8% year-over-year).
- 2013: Revenue of $5.2M, expenses of $5.1M, and assets of $233K (revenue -9.4% year-over-year).
- 2012: Revenue of $5.8M, expenses of $5.8M, and assets of $145K (revenue -12.2% year-over-year).
- 2011: Revenue of $6.5M, expenses of $6.5M, and assets of $198K.
Data Sources and Methodology
This transparency report for J Daddario & Co Inc Voluntary Employees Beneficiary Association 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.