New York Medical College Voluntary Employees Beneficiary Association
New York Medical College VEBA maintains strong assets and zero liabilities despite recent operating deficits.
EIN: 133872638 · Pittsburgh, PA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $522K |
| Total Expenses | $535K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $3.6M |
| Transparency Score | 85/100 |
Is New York Medical College 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 →
New York Medical College Voluntary Employees Beneficiary Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Medical College Voluntary Employees Beneficiary Association
New York Medical College Voluntary Employees Beneficiary Association (EIN: 133872638) is a nonprofit organization based in Pittsburgh, PA. The organization reported total revenue of $522K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Medical College Voluntary Employees Beneficiary Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Medical College Voluntary Employees Beneficiary Association is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $501K |
| Total Expenses | $535K |
| Surplus / Deficit | $-33,214 |
| Total Assets | $3.6M |
| Net Assets | $3.6M |
| Operating Margin | -6.6% |
| Months of Reserves | 81.2 months |
Financial Health Grade: B
In 2023, New York Medical College Voluntary Employees Beneficiary Association reported a deficit of $33K with expenses exceeding revenue, holds 81.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), New York Medical College Voluntary Employees Beneficiary Association's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.0% | -7.4% | +8.8% |
| 2022 | -26.4% | +64.5% | -17.3% |
| 2021 | -24.5% | -68.3% | +28.2% |
| 2020 | +1.1% | +23.7% | -10.4% |
| 2019 | -12.3% | -29.2% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 New York Medical College 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, New York Medical College Voluntary Employees Beneficiary Association 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 deficit of $33K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with assets over $4 million.
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 New York Medical College Voluntary Employees Beneficiary Association's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023, 2022, 2020, 2019, 2018, 2017, 2016) where expenses exceeded revenue, indicating reliance on reserves.
- Significant decline in revenue from $1,793,896 in 2014 to $501,386 in 2023 without clear explanation in summary data.
Strengths
The following positive indicators were identified for New York Medical College Voluntary Employees Beneficiary Association:
- Zero reported liabilities across all filings, indicating excellent debt management.
- Consistent 0% officer compensation, demonstrating a strong commitment to directing funds to the mission and high transparency.
- Substantial asset base of over $4 million, providing financial stability and a buffer against operating deficits.
- Long filing history (13 filings) suggests consistent compliance and operational longevity.
Frequently Asked Questions about New York Medical College Voluntary Employees Beneficiary Association
Is New York Medical College Voluntary Employees Beneficiary Association a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Medical College Voluntary Employees Beneficiary Association (EIN: 133872638) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does New York Medical College Voluntary Employees Beneficiary Association spend its money?
New York Medical College Voluntary Employees Beneficiary Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Medical College Voluntary Employees Beneficiary Association tax-deductible?
New York Medical College Voluntary Employees Beneficiary Association is registered as a tax-exempt nonprofit (EIN: 133872638). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New York Medical College Voluntary Employees Beneficiary Association CEO make?
New York Medical College Voluntary Employees Beneficiary Association's highest-compensated officer earns $4 annually. The organization reported $522K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is New York Medical College Voluntary Employees Beneficiary Association located?
New York Medical College Voluntary Employees Beneficiary Association is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 133872638.
How many years of IRS 990 filings does New York Medical College Voluntary Employees Beneficiary Association have?
New York Medical College Voluntary Employees Beneficiary Association has 13 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 $522K in total revenue.
What is the primary purpose of the New York Medical College Voluntary Employees Beneficiary Association?
As a Voluntary Employees Beneficiary Association (VEBA), its primary purpose is typically to provide health and welfare benefits to employees and their dependents. The specific benefits offered would require reviewing the full 990 filing.
Why have expenses exceeded revenue in recent years?
In periods like 2023 and 2022, expenses ($534,600 and $577,298 respectively) surpassed revenue ($501,386 and $414,512 respectively). This could be due to increased benefit payouts, investment losses, or a strategic decision to draw down on accumulated reserves to maintain benefit levels.
How does the organization manage to have 0% officer compensation?
The consistent 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that executive salaries are covered by an affiliated entity, which would be important to clarify for full transparency.
What caused the significant revenue drop from 2014 to 2023?
Revenue decreased from $1,793,896 in 2014 to $501,386 in 2023. This substantial decline could be due to a reduction in contributions, fewer participating members, changes in investment income, or a shift in the funding model for the benefits provided.
Are the assets sufficient to cover future benefit obligations?
With assets over $4 million and no reported liabilities, the organization appears to have a strong financial cushion. However, assessing the sufficiency for future benefit obligations would require detailed actuarial data on projected benefit payouts, which is not available in this summary.
Filing History
IRS 990 filing history for New York Medical College Voluntary Employees Beneficiary Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Medical College Voluntary Employees Beneficiary Association's revenue has declined by 45.6%, moving from $921K to $501K. Total assets decreased by 11.2% over the same period, from $4.1M to $3.6M. Total functional expenses fell by 44.4%, from $961K to $535K. In its most recent filing year (2023), New York Medical College Voluntary Employees Beneficiary Association reported a deficit of $33K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $501K | $535K | $3.6M | $0 | — | View 990 |
| 2022 | $415K | $577K | $3.3M | $0 | — | View 990 |
| 2021 | $563K | $351K | $4.0M | $0 | — | View 990 |
| 2020 | $746K | $1.1M | $3.1M | $0 | — | — |
| 2019 | $738K | $896K | $3.5M | $0 | — | View 990 |
| 2018 | $842K | $1.3M | $3.6M | $0 | — | View 990 |
| 2017 | $757K | $915K | $3.9M | $0 | — | View 990 |
| 2016 | $809K | $1.1M | $3.7M | $0 | — | View 990 |
| 2015 | $740K | $822K | $4.1M | $0 | — | View 990 |
| 2014 | $1.8M | $953K | $4.3M | $0 | — | View 990 |
| 2013 | $814K | $1.0M | $3.9M | $11K | — | View 990 |
| 2012 | $696K | $915K | $3.7M | $17K | — | View 990 |
| 2011 | $921K | $961K | $4.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $501K, expenses of $535K, and assets of $3.6M (revenue +21.0% year-over-year).
- 2022: Revenue of $415K, expenses of $577K, and assets of $3.3M (revenue -26.4% year-over-year).
- 2021: Revenue of $563K, expenses of $351K, and assets of $4.0M (revenue -24.5% year-over-year).
- 2020: Revenue of $746K, expenses of $1.1M, and assets of $3.1M (revenue +1.1% year-over-year).
- 2019: Revenue of $738K, expenses of $896K, and assets of $3.5M (revenue -12.3% year-over-year).
- 2018: Revenue of $842K, expenses of $1.3M, and assets of $3.6M (revenue +11.1% year-over-year).
- 2017: Revenue of $757K, expenses of $915K, and assets of $3.9M (revenue -6.3% year-over-year).
- 2016: Revenue of $809K, expenses of $1.1M, and assets of $3.7M (revenue +9.3% year-over-year).
- 2015: Revenue of $740K, expenses of $822K, and assets of $4.1M (revenue -58.8% year-over-year).
- 2014: Revenue of $1.8M, expenses of $953K, and assets of $4.3M (revenue +120.5% year-over-year).
- 2013: Revenue of $814K, expenses of $1.0M, and assets of $3.9M (revenue +16.9% year-over-year).
- 2012: Revenue of $696K, expenses of $915K, and assets of $3.7M (revenue -24.4% year-over-year).
- 2011: Revenue of $921K, expenses of $961K, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Medical College Voluntary Employees Beneficiary Association:
Data Sources and Methodology
This transparency report for New York Medical College 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.