Overland West Inc Welfare Benefit Tr
Overland West Inc Welfare Benefit Tr maintains stable finances with no reported officer compensation.
EIN: 206002062 · Ogden, UT · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $3.6M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $786K |
| Transparency Score | 90/100 |
Is Overland West Inc Welfare Benefit Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Overland West Inc Welfare Benefit Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Overland West Inc Welfare Benefit Tr
Overland West Inc Welfare Benefit Tr (EIN: 206002062) is a nonprofit organization based in Ogden, UT, classified under NTEE code Y43. The organization reported total revenue of $3.8M and total assets of $593K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Overland West Inc Welfare Benefit Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Overland West Inc Welfare Benefit Tr is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $3.6M |
| Surplus / Deficit | +$213K |
| Total Assets | $786K |
| Net Assets | $786K |
| Operating Margin | 5.6% |
| Months of Reserves | 2.6 months |
Financial Health Grade: A
In 2023, Overland West Inc Welfare Benefit Tr reported a surplus of $213K with revenue exceeding expenses, holds 2.6 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Overland West Inc Welfare Benefit Tr's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.1% | +5.8% | +28.3% |
| 2022 | +6.7% | +8.5% | -20.6% |
| 2021 | +3.2% | -10.2% | -14.7% |
| 2020 | -0.8% | +4.1% | -38.9% |
| 2019 | +13.8% | +25.3% | -21.9% |
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 Overland West Inc Welfare Benefit Tr 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, Overland West Inc Welfare Benefit Tr 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $213K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with revenues exceeding $3 million annually.
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 Overland West Inc Welfare Benefit Tr's IRS 990 filings:
- Significant decline in assets from 2016 peak of $2,037,445 to current $592,602, though recent years show a slight recovery.
Strengths
The following positive indicators were identified for Overland West Inc Welfare Benefit Tr:
- Consistent reporting of 0% officer compensation, indicating high efficiency in resource allocation.
- Generally stable financial operations with revenues often exceeding expenses in recent years (e.g., 2023 revenue $3,777,563 vs. expenses $3,564,926).
- Minimal to zero liabilities across most filing periods, suggesting strong financial management and low debt.
- Positive revenue growth in recent years, from $2,971,963 in 2021 to $3,777,563 in 2023.
Frequently Asked Questions about Overland West Inc Welfare Benefit Tr
Is Overland West Inc Welfare Benefit Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Overland West Inc Welfare Benefit Tr (EIN: 206002062) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Overland West Inc Welfare Benefit Tr spend its money?
Overland West Inc Welfare Benefit Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Overland West Inc Welfare Benefit Tr tax-deductible?
Overland West Inc Welfare Benefit Tr is registered as a tax-exempt nonprofit (EIN: 206002062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Overland West Inc Welfare Benefit Tr CEO make?
Overland West Inc Welfare Benefit Tr's highest-compensated officer earns $3 annually. The organization reported $3.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Overland West Inc Welfare Benefit Tr compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Overland West Inc Welfare Benefit Tr 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 Overland West Inc Welfare Benefit Tr located?
Overland West Inc Welfare Benefit Tr is headquartered in Ogden, Utah and files with the IRS under EIN 206002062. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Overland West Inc Welfare Benefit Tr have?
Overland West Inc Welfare Benefit Tr 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 $3.8M in total revenue.
Is Overland West Inc Welfare Benefit Tr a good charity?
Given its consistent financial stability, low liabilities, and zero officer compensation, it appears to be a well-managed organization. However, as a welfare benefit trust (NTEE Y43), its 'charitable' impact is primarily for its members rather than the general public.
How has the organization's asset base changed over time?
Assets have seen a significant decline from a peak of $2,037,445 in 2016 to $592,602 currently, though there has been a recent rebound from $612,731 in 2022 to $786,330 in 2023.
What is the significance of 0% officer compensation?
Zero officer compensation means that no salaries are paid to the organization's executives, which is a strong indicator of financial efficiency and that funds are directly used for the organization's stated purpose, likely benefiting its members.
Filing History
IRS 990 filing history for Overland West Inc Welfare Benefit Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Overland West Inc Welfare Benefit Tr's revenue has grown by 70.8%, moving from $2.2M to $3.8M. Total assets increased by 276.3% over the same period, from $209K to $786K. Total functional expenses rose by 42.7%, from $2.5M to $3.6M. In its most recent filing year (2023), Overland West Inc Welfare Benefit Tr reported a surplus of $213K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $3.6M | $786K | $0 | — | View 990 |
| 2022 | $3.2M | $3.4M | $613K | $39K | — | View 990 |
| 2021 | $3.0M | $3.1M | $772K | $0 | — | View 990 |
| 2020 | $2.9M | $3.5M | $905K | $0 | — | View 990 |
| 2019 | $2.9M | $3.3M | $1.5M | $0 | — | View 990 |
| 2018 | $2.6M | $2.7M | $1.9M | $0 | — | View 990 |
| 2017 | $2.7M | $2.8M | $2.0M | $0 | — | View 990 |
| 2016 | $2.6M | $2.1M | $2.0M | $0 | — | View 990 |
| 2015 | $2.5M | $2.1M | $1.5M | $3K | — | View 990 |
| 2014 | $2.7M | $2.4M | $1.2M | $0 | — | View 990 |
| 2013 | $2.8M | $2.4M | $901K | $0 | — | View 990 |
| 2012 | $2.6M | $2.1M | $450K | $67K | — | View 990 |
| 2011 | $2.2M | $2.5M | $209K | $267K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $3.6M, and assets of $786K (revenue +19.1% year-over-year).
- 2022: Revenue of $3.2M, expenses of $3.4M, and assets of $613K (revenue +6.7% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.1M, and assets of $772K (revenue +3.2% year-over-year).
- 2020: Revenue of $2.9M, expenses of $3.5M, and assets of $905K (revenue -0.8% year-over-year).
- 2019: Revenue of $2.9M, expenses of $3.3M, and assets of $1.5M (revenue +13.8% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.7M, and assets of $1.9M (revenue -6.2% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.8M, and assets of $2.0M (revenue +5.1% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.1M, and assets of $2.0M (revenue +4.1% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.1M, and assets of $1.5M (revenue -6.7% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.4M, and assets of $1.2M (revenue -6.5% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.4M, and assets of $901K (revenue +11.1% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.1M, and assets of $450K (revenue +16.0% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.5M, and assets of $209K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Overland West Inc Welfare Benefit Tr:
Data Sources and Methodology
This transparency report for Overland West Inc Welfare Benefit Tr 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.