Obi Retiree Medical Voluntary Employee Benefits Association
Obi Retiree Medical VEBA consistently spends more than it earns, drawing down assets to cover retiree benefits.
EIN: 203970900 · Londonderry, NH · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $203K |
| Program Spending | 90% |
| Net Assets | $2.9M |
| Transparency Score | 85/100 |
Is Obi Retiree Medical Voluntary Employee Benefits Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Obi Retiree Medical Voluntary Employee Benefits Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Obi Retiree Medical Voluntary Employee Benefits Association
Obi Retiree Medical Voluntary Employee Benefits Association (EIN: 203970900) is a nonprofit organization based in Londonderry, NH, classified under NTEE code Y43. The organization reported total revenue of $2.3M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Obi Retiree Medical Voluntary Employee Benefits Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Obi Retiree Medical Voluntary Employee Benefits Association is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $203K |
| Total Expenses | $203K |
| Surplus / Deficit | +$965 |
| Total Assets | $2.9M |
| Net Assets | $2.9M |
| Operating Margin | 0.5% |
| Months of Reserves | 169.5 months |
Financial Health Grade: A
In 2023, Obi Retiree Medical Voluntary Employee Benefits Association reported a surplus of $965 with revenue exceeding expenses, holds 169.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Obi Retiree Medical Voluntary Employee Benefits Association's revenue has declined at a compound annual growth rate (CAGR) of -8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.1% | -9.5% | +1.5% |
| 2022 | -10.4% | -18.7% | -2.9% |
| 2021 | -21.8% | -14.7% | -3.6% |
| 2020 | -29.9% | -0.4% | -3.6% |
| 2019 | -7.7% | -13.6% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Obi Retiree Medical Voluntary Employee Benefits 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, Obi Retiree Medical Voluntary Employee Benefits 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 surplus of $965, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly favorable for efficient use of funds.
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 Obi Retiree Medical Voluntary Employee Benefits Association's IRS 990 filings:
- Consistent annual expenses exceeding revenue, leading to asset depletion.
Strengths
The following positive indicators were identified for Obi Retiree Medical Voluntary Employee Benefits Association:
- Zero reported officer compensation, indicating efficient use of funds at the executive level.
- Consistent IRS 990 filing history, demonstrating transparency.
- No reported liabilities across all filings, indicating sound financial management.
- Clear mission as a Voluntary Employee Benefits Association (VEBA) for retiree medical benefits.
Frequently Asked Questions about Obi Retiree Medical Voluntary Employee Benefits Association
Is Obi Retiree Medical Voluntary Employee Benefits Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Obi Retiree Medical Voluntary Employee Benefits Association (EIN: 203970900) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Obi Retiree Medical Voluntary Employee Benefits Association spend its money?
Obi Retiree Medical Voluntary Employee Benefits Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Obi Retiree Medical Voluntary Employee Benefits Association tax-deductible?
Obi Retiree Medical Voluntary Employee Benefits Association is registered as a tax-exempt nonprofit (EIN: 203970900). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Obi Retiree Medical Voluntary Employee Benefits Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Obi Retiree Medical Voluntary Employee Benefits Association 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 Obi Retiree Medical Voluntary Employee Benefits Association located?
Obi Retiree Medical Voluntary Employee Benefits Association is headquartered in Londonderry, New Hampshire and files with the IRS under EIN 203970900. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Obi Retiree Medical Voluntary Employee Benefits Association have?
Obi Retiree Medical Voluntary Employee Benefits 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 $2.3M in total revenue.
Is Obi Retiree Medical Voluntary Employee Benefits Association financially stable?
While the organization has a substantial asset base of $2,859,569 as of 2023, it has consistently reported expenses exceeding revenue in most recent years (e.g., $202,503 expenses vs. $203,468 revenue in 2023, $223,707 expenses vs. $148,404 revenue in 2022). This trend indicates a gradual draw-down of its assets, which is typical for a VEBA designed to provide benefits over time, but warrants monitoring for long-term sustainability.
How does the organization manage its administrative costs?
The organization reports 0% officer compensation across all filings, suggesting very low executive administrative costs. Without a detailed breakdown of other administrative expenses, it's challenging to provide a precise ratio, but the lack of officer pay is a strong positive indicator of cost control.
What is the trend in the organization's assets?
The organization's assets have shown a consistent decline over the past decade, from $3,576,838 in 2014 to $2,859,569 in 2023. This trend aligns with the organization's purpose as a VEBA, which typically disburses benefits from its asset base.
Filing History
IRS 990 filing history for Obi Retiree Medical Voluntary Employee Benefits Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Obi Retiree Medical Voluntary Employee Benefits Association's revenue has declined by 64.5%, moving from $573K to $203K. Total assets decreased by 33.1% over the same period, from $4.3M to $2.9M. Total functional expenses fell by 81.2%, from $1.1M to $203K. In its most recent filing year (2023), Obi Retiree Medical Voluntary Employee Benefits Association reported a surplus of $965, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $203K | $203K | $2.9M | $0 | — | — |
| 2022 | $148K | $224K | $2.8M | $0 | — | View 990 |
| 2021 | $166K | $275K | $2.9M | $0 | — | View 990 |
| 2020 | $212K | $323K | $3.0M | $0 | — | View 990 |
| 2019 | $302K | $324K | $3.1M | $0 | — | View 990 |
| 2018 | $327K | $375K | $3.1M | $0 | — | View 990 |
| 2017 | $264K | $423K | $3.2M | $0 | — | View 990 |
| 2016 | $384K | $473K | $3.4M | $0 | — | View 990 |
| 2015 | $429K | $566K | $3.4M | $0 | — | View 990 |
| 2014 | $491K | $637K | $3.6M | $0 | — | View 990 |
| 2013 | $437K | $698K | $3.7M | $0 | — | View 990 |
| 2012 | $521K | $813K | $4.0M | $0 | — | View 990 |
| 2011 | $573K | $1.1M | $4.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $203K, expenses of $203K, and assets of $2.9M (revenue +37.1% year-over-year).
- 2022: Revenue of $148K, expenses of $224K, and assets of $2.8M (revenue -10.4% year-over-year).
- 2021: Revenue of $166K, expenses of $275K, and assets of $2.9M (revenue -21.8% year-over-year).
- 2020: Revenue of $212K, expenses of $323K, and assets of $3.0M (revenue -29.9% year-over-year).
- 2019: Revenue of $302K, expenses of $324K, and assets of $3.1M (revenue -7.7% year-over-year).
- 2018: Revenue of $327K, expenses of $375K, and assets of $3.1M (revenue +24.2% year-over-year).
- 2017: Revenue of $264K, expenses of $423K, and assets of $3.2M (revenue -31.5% year-over-year).
- 2016: Revenue of $384K, expenses of $473K, and assets of $3.4M (revenue -10.3% year-over-year).
- 2015: Revenue of $429K, expenses of $566K, and assets of $3.4M (revenue -12.7% year-over-year).
- 2014: Revenue of $491K, expenses of $637K, and assets of $3.6M (revenue +12.3% year-over-year).
- 2013: Revenue of $437K, expenses of $698K, and assets of $3.7M (revenue -16.1% year-over-year).
- 2012: Revenue of $521K, expenses of $813K, and assets of $4.0M (revenue -9.1% year-over-year).
- 2011: Revenue of $573K, expenses of $1.1M, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Obi Retiree Medical Voluntary Employee Benefits Association:
Data Sources and Methodology
This transparency report for Obi Retiree Medical Voluntary Employee Benefits 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.