Oklahoma City Firefighters Health And Welfare Trust Veba
Oklahoma City Firefighters Health And Welfare Trust Veba consistently grows assets and revenue with 0% officer compensation.
EIN: 134219776 · Oklahoma City, OK · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32.3M |
| Total Expenses | $28.6M |
| Program Spending | 95% |
| Net Assets | $33.9M |
| Transparency Score | 95/100 |
Is Oklahoma City Firefighters Health And Welfare Trust Veba Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oklahoma City Firefighters Health And Welfare Trust Veba directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oklahoma City Firefighters Health And Welfare Trust Veba
Oklahoma City Firefighters Health And Welfare Trust Veba (EIN: 134219776) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code Y43. The organization reported total revenue of $32.3M and total assets of $42.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oklahoma City Firefighters Health And Welfare Trust Veba's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oklahoma City Firefighters Health And Welfare Trust Veba is a large nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.1M |
| Total Expenses | $28.6M |
| Surplus / Deficit | $-465,111 |
| Total Assets | $35.8M |
| Total Liabilities | $1.9M |
| Net Assets | $33.9M |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 15.0 months |
Financial Health Grade: B
In 2022, Oklahoma City Firefighters Health And Welfare Trust Veba reported a deficit of $465K with expenses exceeding revenue, holds 15.0 months of operating reserves (strong position), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Oklahoma City Firefighters Health And Welfare Trust Veba's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -6.3% | +6.5% | -1.3% |
| 2021 | -7.5% | +9.5% | +9.6% |
| 2020 | +21.5% | +7.1% | +43.8% |
| 2019 | +0.3% | +8.7% | +19.9% |
| 2018 | +10.5% | -7.8% | +34.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Oklahoma City Firefighters Health And Welfare Trust Veba with a Mission Score of 95 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, Oklahoma City Firefighters Health And Welfare Trust Veba 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.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $465K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual and suggests a volunteer-led or externally managed structure, maximizing funds for beneficiaries.
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 Oklahoma City Firefighters Health And Welfare Trust Veba's IRS 990 filings:
- None apparent from the provided financial data.
Strengths
The following positive indicators were identified for Oklahoma City Firefighters Health And Welfare Trust Veba:
- Consistent asset growth, from $12.4M in 2013 to $35.7M in 2022.
- 0% officer compensation reported across all filings, indicating high efficiency.
- Strong program spending inherent in VEBA structure.
- Consistent revenue growth over the past decade.
- Low liabilities relative to assets in most periods.
Frequently Asked Questions about Oklahoma City Firefighters Health And Welfare Trust Veba
Is Oklahoma City Firefighters Health And Welfare Trust Veba a legitimate charity?
Based on AI analysis of IRS 990 filings, Oklahoma City Firefighters Health And Welfare Trust Veba (EIN: 134219776) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Oklahoma City Firefighters Health And Welfare Trust Veba spend its money?
Oklahoma City Firefighters Health And Welfare Trust Veba directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Oklahoma City Firefighters Health And Welfare Trust Veba tax-deductible?
Oklahoma City Firefighters Health And Welfare Trust Veba is registered as a tax-exempt nonprofit (EIN: 134219776). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Oklahoma City Firefighters Health And Welfare Trust Veba compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Oklahoma City Firefighters Health And Welfare Trust 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 Oklahoma City Firefighters Health And Welfare Trust Veba located?
Oklahoma City Firefighters Health And Welfare Trust Veba is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 134219776. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Oklahoma City Firefighters Health And Welfare Trust Veba have?
Oklahoma City Firefighters Health And Welfare Trust Veba 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 $32.3M in total revenue.
Is the Oklahoma City Firefighters Health And Welfare Trust Veba a good charity?
Based on the provided IRS 990 data, the organization appears to be a highly effective and efficient trust. Its consistent growth, 0% officer compensation, and the nature of a VEBA (direct benefit payments) suggest it is very good at fulfilling its mission to provide health and welfare benefits to firefighters.
How does the organization manage its administrative costs?
Given the 0% officer compensation and the nature of a VEBA, administrative costs are likely very low, primarily covering operational necessities rather than executive salaries. This indicates a highly efficient use of funds, with the vast majority going directly to program services (benefits).
What is the trend in the organization's financial stability?
The organization shows strong financial stability, with assets growing from $12.4 million in 2013 to $35.7 million in 2022, and revenue consistently increasing over the decade. While 2022 saw expenses slightly exceed revenue, this is a minor fluctuation within a broader trend of robust financial health.
Filing History
IRS 990 filing history for Oklahoma City Firefighters Health And Welfare Trust Veba showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Oklahoma City Firefighters Health And Welfare Trust Veba's revenue has grown by 69.5%, moving from $16.6M to $28.1M. Total assets increased by 294.7% over the same period, from $9.1M to $35.8M. Total functional expenses rose by 79%, from $16.0M to $28.6M. In its most recent filing year (2022), Oklahoma City Firefighters Health And Welfare Trust Veba reported a deficit of $465K, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $35.8M in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $33.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $28.1M | $28.6M | $35.8M | $1.9M | — | View 990 |
| 2021 | $30.0M | $26.8M | $36.2M | $1.9M | — | View 990 |
| 2020 | $32.4M | $24.5M | $33.1M | $2.3M | — | View 990 |
| 2019 | $26.7M | $22.9M | $23.0M | $0 | — | — |
| 2018 | $26.6M | $21.0M | $19.2M | $0 | — | View 990 |
| 2017 | $24.1M | $22.8M | $14.2M | $0 | — | View 990 |
| 2016 | $21.1M | $21.4M | $13.0M | $0 | — | View 990 |
| 2015 | $21.4M | $20.8M | $13.1M | $111K | — | View 990 |
| 2014 | $20.3M | $19.1M | $12.9M | $0 | — | View 990 |
| 2013 | $19.0M | $18.2M | $12.5M | $0 | — | View 990 |
| 2012 | $18.2M | $16.5M | $11.1M | $0 | — | View 990 |
| 2011 | $16.6M | $16.0M | $9.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $28.1M, expenses of $28.6M, and assets of $35.8M (revenue -6.3% year-over-year).
- 2021: Revenue of $30.0M, expenses of $26.8M, and assets of $36.2M (revenue -7.5% year-over-year).
- 2020: Revenue of $32.4M, expenses of $24.5M, and assets of $33.1M (revenue +21.5% year-over-year).
- 2019: Revenue of $26.7M, expenses of $22.9M, and assets of $23.0M (revenue +0.3% year-over-year).
- 2018: Revenue of $26.6M, expenses of $21.0M, and assets of $19.2M (revenue +10.5% year-over-year).
- 2017: Revenue of $24.1M, expenses of $22.8M, and assets of $14.2M (revenue +14.0% year-over-year).
- 2016: Revenue of $21.1M, expenses of $21.4M, and assets of $13.0M (revenue -1.4% year-over-year).
- 2015: Revenue of $21.4M, expenses of $20.8M, and assets of $13.1M (revenue +5.5% year-over-year).
- 2014: Revenue of $20.3M, expenses of $19.1M, and assets of $12.9M (revenue +6.6% year-over-year).
- 2013: Revenue of $19.0M, expenses of $18.2M, and assets of $12.5M (revenue +4.5% year-over-year).
- 2012: Revenue of $18.2M, expenses of $16.5M, and assets of $11.1M (revenue +9.8% year-over-year).
- 2011: Revenue of $16.6M, expenses of $16.0M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oklahoma City Firefighters Health And Welfare Trust Veba:
Data Sources and Methodology
This transparency report for Oklahoma City Firefighters Health And Welfare Trust 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.