National Fuel Gas Distribution Corp Penn Division Veba For C B E E U
National Fuel Gas Distribution Corp Penn Division Veba maintains strong assets and zero officer compensation amidst fluctuating revenues.
EIN: 161440169 · Williamsville, NY · NTEE: Y43 · Updated: 2026-03-28
Is National Fuel Gas Distribution Corp Penn Division Veba For C B E E U Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Fuel Gas Distribution Corp Penn Division Veba For C B E E U directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Fuel Gas Distribution Corp Penn Division Veba For C B E E U
National Fuel Gas Distribution Corp Penn Division Veba For C B E E U (EIN: 161440169) is a nonprofit organization based in Williamsville, NY, classified under NTEE code Y43. The organization reported total revenue of $2.9M and total assets of $62.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Fuel Gas Distribution Corp Penn Division Veba For C B E E U's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates National Fuel Gas Distribution Corp Penn Division Veba For C B E E U 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, National Fuel Gas Distribution Corp Penn Division Veba For C B E E U allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly unusual for an organization of this asset size ($62 million). This suggests a very lean administrative structure or that executive functions are performed on a pro bono basis, or compensated through other means not reported as officer compensation.
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 National Fuel Gas Distribution Corp Penn Division Veba For C B E E U's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $10.8M in 2019 to $1.79M in 2022)
- Expenses occasionally exceed revenue (e.g., 202209 period: $2,942,095 expenses vs. $1,799,084 revenue)
Strengths
The following positive indicators were identified for National Fuel Gas Distribution Corp Penn Division Veba For C B E E U:
- Consistently low liabilities, often under $10,000, indicating strong financial management and minimal debt.
- Substantial and stable asset base, consistently over $50 million, providing long-term financial security.
- 0% officer compensation reported across all filings, suggesting highly efficient use of funds for its stated purpose.
- Strong program focus, implied by the VEBA structure and lack of executive compensation, directing resources to beneficiaries.
Frequently Asked Questions about National Fuel Gas Distribution Corp Penn Division Veba For C B E E U
Is National Fuel Gas Distribution Corp Penn Division Veba For C B E E U a legitimate charity?
Based on AI analysis of IRS 990 filings, National Fuel Gas Distribution Corp Penn Division Veba For C B E E U (EIN: 161440169) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does National Fuel Gas Distribution Corp Penn Division Veba For C B E E U spend its money?
National Fuel Gas Distribution Corp Penn Division Veba For C B E E U directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Fuel Gas Distribution Corp Penn Division Veba For C B E E U tax-deductible?
National Fuel Gas Distribution Corp Penn Division Veba For C B E E U is registered as a tax-exempt nonprofit (EIN: 161440169). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary purpose of a 'Voluntary Employees' Beneficiary Association' (VEBA) like this organization?
A VEBA (NTEE Y43) is a tax-exempt trust established to provide health and welfare benefits to employees and their dependents. This organization likely manages funds to provide benefits for employees of National Fuel Gas Distribution Corp Penn Division.
How does the organization sustain itself with fluctuating revenues, sometimes reporting expenses exceeding revenue?
The organization sustains itself through its substantial asset base, which was $62,320,755 in the latest filing. When expenses exceed revenue (e.g., $2.94M expenses vs. $1.79M revenue in 2022), the difference is likely covered by drawing from these accumulated assets or investment income not classified as operating revenue.
Given the 0% officer compensation, how are the organization's operations managed?
The 0% officer compensation suggests that management and oversight may be provided by volunteers, by employees whose compensation is categorized differently (e.g., program staff), or by individuals compensated by a related entity, rather than directly by this specific VEBA.
Filing History
IRS 990 filing history for National Fuel Gas Distribution Corp Penn Division Veba For C B E E U showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Fuel Gas Distribution Corp Penn Division Veba For C B E E U's revenue has declined by 36.3%, moving from $5.7M to $3.6M. Total assets increased by 34.2% over the same period, from $42.1M to $56.4M. Total functional expenses rose by 19.3%, from $2.5M to $2.9M. In its most recent filing year (2023), National Fuel Gas Distribution Corp Penn Division Veba For C B E E U reported a surplus of $690K, with revenue exceeding expenses. The organization holds $17K in liabilities against $56.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $56.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $2.9M | $56.4M | $17K | — | — |
| 2022 | $1.8M | $2.9M | $56.1M | $7K | — | View 990 |
| 2021 | $4.1M | $2.9M | $70.3M | $7K | — | View 990 |
| 2020 | $2.9M | $3.4M | $67.6M | $6K | — | — |
| 2019 | $10.8M | $3.2M | $65.1M | $6K | — | View 990 |
| 2018 | $6.6M | $3.3M | $63.8M | $6K | — | View 990 |
| 2017 | $4.7M | $3.6M | $64.1M | $7K | — | View 990 |
| 2016 | $2.2M | $2.8M | $62.4M | $6K | — | View 990 |
| 2015 | $2.7M | $2.6M | $60.2M | $7K | — | View 990 |
| 2014 | $4.8M | $2.4M | $62.3M | $13K | — | View 990 |
| 2013 | $5.1M | $2.2M | $59.4M | $5K | — | View 990 |
| 2012 | $5.8M | $2.4M | $52.7M | $52K | — | View 990 |
| 2011 | $5.7M | $2.5M | $42.1M | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $2.9M, and assets of $56.4M (revenue +101.0% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.9M, and assets of $56.1M (revenue -56.5% year-over-year).
- 2021: Revenue of $4.1M, expenses of $2.9M, and assets of $70.3M (revenue +44.4% year-over-year).
- 2020: Revenue of $2.9M, expenses of $3.4M, and assets of $67.6M (revenue -73.6% year-over-year).
- 2019: Revenue of $10.8M, expenses of $3.2M, and assets of $65.1M (revenue +64.0% year-over-year).
- 2018: Revenue of $6.6M, expenses of $3.3M, and assets of $63.8M (revenue +40.8% year-over-year).
- 2017: Revenue of $4.7M, expenses of $3.6M, and assets of $64.1M (revenue +110.5% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.8M, and assets of $62.4M (revenue -18.0% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.6M, and assets of $60.2M (revenue -43.6% year-over-year).
- 2014: Revenue of $4.8M, expenses of $2.4M, and assets of $62.3M (revenue -5.3% year-over-year).
- 2013: Revenue of $5.1M, expenses of $2.2M, and assets of $59.4M (revenue -12.2% year-over-year).
- 2012: Revenue of $5.8M, expenses of $2.4M, and assets of $52.7M (revenue +2.3% year-over-year).
- 2011: Revenue of $5.7M, expenses of $2.5M, and assets of $42.1M.
Data Sources and Methodology
This transparency report for National Fuel Gas Distribution Corp Penn Division Veba For C B E E U 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.