New Era Employee Welfare Benefit Plan Trust
EIN: 760311901 · Houston, TX · NTEE: R01
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $3.8M |
| Net Assets | $-1,199,298 |
Is New Era Employee Welfare Benefit Plan Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Era Employee Welfare Benefit Plan Trust
New Era Employee Welfare Benefit Plan Trust (EIN: 760311901) is a nonprofit organization based in Houston, TX, classified under NTEE code R01. The organization reported total revenue of $3.3M and total assets of $618K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Era Employee Welfare Benefit Plan Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Era Employee Welfare Benefit Plan Trust is a mid-size nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-433,061 |
| Total Assets | $419K |
| Total Liabilities | $1.6M |
| Net Assets | $-1,199,298 |
| Operating Margin | -12.9% |
| Debt-to-Asset Ratio | 386.6% |
| Months of Reserves | 1.3 months |
Financial Health Grade: D
In 2023, New Era Employee Welfare Benefit Plan Trust reported a deficit of $433K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 386.6% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), New Era Employee Welfare Benefit Plan Trust's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | +1.9% | +4055.6% |
| 2022 | +12.9% | +10.5% | -97.6% |
| 2021 | +6.1% | +19.9% | -53.6% |
| 2020 | +6.5% | +27.8% | +10.8% |
| 2019 | +10.7% | -9.0% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Era Employee Welfare Benefit Plan Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Era Employee Welfare Benefit Plan Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $433K, with expenses exceeding revenue.
- Debt-to-asset ratio: 386.6%.
Frequently Asked Questions about New Era Employee Welfare Benefit Plan Trust
Is New Era Employee Welfare Benefit Plan Trust a legitimate charity?
New Era Employee Welfare Benefit Plan Trust (EIN: 760311901) is a registered tax-exempt nonprofit based in Texas. It has 12 years of IRS 990 filings on record. Total revenue: $3.3M. No red flags identified. Financial health grade: D.
How does New Era Employee Welfare Benefit Plan Trust spend its money?
New Era Employee Welfare Benefit Plan Trust reported $3.3M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Era Employee Welfare Benefit Plan Trust tax-deductible?
New Era Employee Welfare Benefit Plan Trust is registered as a tax-exempt nonprofit (EIN: 760311901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Era Employee Welfare Benefit Plan Trust located?
New Era Employee Welfare Benefit Plan Trust is headquartered in Houston, Texas and files with the IRS under EIN 760311901. It is classified under NTEE code R01.
How many years of IRS 990 filings does New Era Employee Welfare Benefit Plan Trust have?
New Era Employee Welfare Benefit Plan Trust has 12 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 $3.3M in total revenue.
Filing History
IRS 990 filing history for New Era Employee Welfare Benefit Plan Trust showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), New Era Employee Welfare Benefit Plan Trust's revenue has grown by 135.5%, moving from $1.4M to $3.3M. Total assets decreased by 52.4% over the same period, from $880K to $419K. Total functional expenses rose by 188.1%, from $1.3M to $3.8M. In its most recent filing year (2023), New Era Employee Welfare Benefit Plan Trust reported a deficit of $433K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $419K in assets (debt-to-asset ratio: 386.6%), resulting in net assets of $-1,199,298.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.8M | $419K | $1.6M | — | — |
| 2022 | $3.2M | $3.7M | $10K | $776K | — | View 990 |
| 2021 | $2.8M | $3.4M | $417K | $638K | — | View 990 |
| 2020 | $2.7M | $2.8M | $899K | $604K | — | View 990 |
| 2019 | $2.5M | $2.2M | $811K | $397K | — | View 990 |
| 2018 | $2.3M | $2.4M | $748K | $658K | — | View 990 |
| 2017 | $2.8M | $1.5M | $627K | $404K | — | View 990 |
| 2016 | $2.7M | $2.9M | $-80,018 | $1.0M | — | View 990 |
| 2015 | $2.0M | $2.1M | $209K | $1.1M | — | View 990 |
| 2014 | $1.8M | $3.3M | $597K | $1.3M | — | View 990 |
| 2013 | $1.5M | $1.5M | $1.0M | $245K | — | View 990 |
| 2012 | $1.4M | $1.3M | $880K | $162K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.8M, and assets of $419K (revenue +4.3% year-over-year).
- 2022: Revenue of $3.2M, expenses of $3.7M, and assets of $10K (revenue +12.9% year-over-year).
- 2021: Revenue of $2.8M, expenses of $3.4M, and assets of $417K (revenue +6.1% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.8M, and assets of $899K (revenue +6.5% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.2M, and assets of $811K (revenue +10.7% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.4M, and assets of $748K (revenue -19.3% year-over-year).
- 2017: Revenue of $2.8M, expenses of $1.5M, and assets of $627K (revenue +5.5% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.9M, and assets of $-80,018 (revenue +32.4% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.1M, and assets of $209K (revenue +14.0% year-over-year).
- 2014: Revenue of $1.8M, expenses of $3.3M, and assets of $597K (revenue +15.1% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $1.0M (revenue +8.2% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $880K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Era Employee Welfare Benefit Plan Trust:
Data Sources and Methodology
This transparency report for New Era Employee Welfare Benefit Plan 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.