L 3 Communications Group Health Plan Bargained Group Veba
L 3 Communications Group Health Plan Bargained Group Veba maintains strong asset growth and zero liabilities with no officer compensation.
EIN: 201036390 · Melbourne, FL · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $656K |
| Program Spending | 90% |
| Net Assets | $29.0M |
| Transparency Score | 90/100 |
Is L 3 Communications Group Health Plan Bargained Group Veba Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
L 3 Communications Group Health Plan Bargained Group Veba directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About L 3 Communications Group Health Plan Bargained Group Veba
L 3 Communications Group Health Plan Bargained Group Veba (EIN: 201036390) is a nonprofit organization based in Melbourne, FL, classified under NTEE code Y43. The organization reported total revenue of $1.9M and total assets of $33.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of L 3 Communications Group Health Plan Bargained Group Veba's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
L 3 Communications Group Health Plan Bargained Group Veba is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $656K |
| Surplus / Deficit | +$1.1M |
| Total Assets | $29.0M |
| Net Assets | $29.0M |
| Operating Margin | 63.0% |
| Months of Reserves | 530.7 months |
Financial Health Grade: A
In 2023, L 3 Communications Group Health Plan Bargained Group Veba reported a surplus of $1.1M with revenue exceeding expenses, holds 530.7 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), L 3 Communications Group Health Plan Bargained Group Veba's revenue has declined at a compound annual growth rate (CAGR) of -12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +66.3% | -24.5% | +19.7% |
| 2022 | -28.4% | +13.6% | -19.2% |
| 2021 | -87.8% | +7.9% | +20.4% |
| 2020 | +571.8% | -50.9% | +14.2% |
| 2019 | +51.5% | +83.7% | +18.5% |
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 L 3 Communications Group Health Plan Bargained Group Veba with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, L 3 Communications Group Health Plan Bargained Group Veba allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $1.1M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers do not receive compensation from the organization, which is a strong positive for financial efficiency and transparency.
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.
Strengths
The following positive indicators were identified for L 3 Communications Group Health Plan Bargained Group Veba:
- Consistent asset growth, reaching $29,019,424 in 2023.
- Zero reported liabilities across all available filings, indicating strong financial health.
- 0% officer compensation reported, demonstrating high efficiency and transparency regarding executive pay.
- Expenses consistently well below revenue, suggesting effective financial management.
- Consistent IRS 990 filing history over 14 periods, indicating good compliance and transparency.
Frequently Asked Questions about L 3 Communications Group Health Plan Bargained Group Veba
Is L 3 Communications Group Health Plan Bargained Group Veba a legitimate charity?
L 3 Communications Group Health Plan Bargained Group Veba (EIN: 201036390) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does L 3 Communications Group Health Plan Bargained Group Veba spend its money?
L 3 Communications Group Health Plan Bargained Group Veba directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to L 3 Communications Group Health Plan Bargained Group Veba tax-deductible?
L 3 Communications Group Health Plan Bargained Group Veba is registered as a tax-exempt nonprofit (EIN: 201036390). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does L 3 Communications Group Health Plan Bargained Group Veba compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), L 3 Communications Group Health Plan Bargained Group Veba 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 L 3 Communications Group Health Plan Bargained Group Veba located?
L 3 Communications Group Health Plan Bargained Group Veba is headquartered in Melbourne, Florida and files with the IRS under EIN 201036390. It is classified under NTEE code Y43.
How many years of IRS 990 filings does L 3 Communications Group Health Plan Bargained Group Veba have?
L 3 Communications Group Health Plan Bargained Group Veba 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 $1.9M in total revenue.
Is L 3 Communications Group Health Plan Bargained Group Veba a good charity?
As a VEBA, it functions differently from a traditional charity. Its purpose is to provide benefits to employees. Based on its financial health, consistent asset growth, and zero liabilities, it appears to be very well-managed in fulfilling its specific purpose.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved, with assets growing from $15,200,939 in 2014 to $29,019,424 in 2023. Liabilities have consistently been reported as $0, indicating robust financial stability.
What caused the significant revenue spike in 2020?
The filing for period 202012 shows revenue of $12,166,944, a substantial increase from prior and subsequent years. Without further detail from the filing, it's difficult to pinpoint the exact cause, but it could be due to a large one-time contribution, a significant investment gain, or a change in funding structure for that specific year.
Filing History
IRS 990 filing history for L 3 Communications Group Health Plan Bargained Group Veba showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), L 3 Communications Group Health Plan Bargained Group Veba's revenue has declined by 83.1%, moving from $10.5M to $1.8M. Total assets increased by 198.5% over the same period, from $9.7M to $29.0M. Total functional expenses rose by 11.5%, from $589K to $656K. In its most recent filing year (2023), L 3 Communications Group Health Plan Bargained Group Veba reported a surplus of $1.1M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $656K | $29.0M | $0 | — | — |
| 2022 | $1.1M | $869K | $24.3M | $0 | — | View 990 |
| 2021 | $1.5M | $765K | $30.0M | $0 | — | View 990 |
| 2020 | $12.2M | $709K | $24.9M | $0 | — | View 990 |
| 2019 | $1.8M | $1.4M | $21.8M | $0 | — | — |
| 2018 | $1.2M | $786K | $18.4M | $0 | — | View 990 |
| 2017 | $1.3M | $600K | $19.6M | $9K | — | View 990 |
| 2016 | $1.2M | $440K | $16.7M | $8K | — | View 990 |
| 2015 | $883K | $730K | $15.0M | $9K | — | View 990 |
| 2014 | $733K | $672K | $15.2M | $9K | — | View 990 |
| 2013 | $804K | $540K | $14.0M | $10K | — | View 990 |
| 2012 | $1.2M | $790K | $11.8M | $10K | — | View 990 |
| 2011 | $1.4M | $765K | $10.5M | $0 | — | View 990 |
| 2010 | $10.5M | $589K | $9.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $656K, and assets of $29.0M (revenue +66.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $869K, and assets of $24.3M (revenue -28.4% year-over-year).
- 2021: Revenue of $1.5M, expenses of $765K, and assets of $30.0M (revenue -87.8% year-over-year).
- 2020: Revenue of $12.2M, expenses of $709K, and assets of $24.9M (revenue +571.8% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.4M, and assets of $21.8M (revenue +51.5% year-over-year).
- 2018: Revenue of $1.2M, expenses of $786K, and assets of $18.4M (revenue -10.1% year-over-year).
- 2017: Revenue of $1.3M, expenses of $600K, and assets of $19.6M (revenue +7.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $440K, and assets of $16.7M (revenue +39.8% year-over-year).
- 2015: Revenue of $883K, expenses of $730K, and assets of $15.0M (revenue +20.6% year-over-year).
- 2014: Revenue of $733K, expenses of $672K, and assets of $15.2M (revenue -8.9% year-over-year).
- 2013: Revenue of $804K, expenses of $540K, and assets of $14.0M (revenue -34.8% year-over-year).
- 2012: Revenue of $1.2M, expenses of $790K, and assets of $11.8M (revenue -10.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $765K, and assets of $10.5M (revenue -86.9% year-over-year).
- 2010: Revenue of $10.5M, expenses of $589K, and assets of $9.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for L 3 Communications Group Health Plan Bargained Group Veba:
Data Sources and Methodology
This transparency report for L 3 Communications Group Health Plan Bargained Group Veba 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.