Phillips & Jordan Veba Tr
Phillips & Jordan Veba Tr consistently operates with zero officer compensation and manages employee benefits with stable finances.
EIN: 207142554 · Knoxville, TN · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.1M |
| Total Expenses | $12.5M |
| Program Spending | 100% |
| Net Assets | $1.0M |
| Transparency Score | 90/100 |
Is Phillips & Jordan Veba Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phillips & Jordan Veba Tr directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phillips & Jordan Veba Tr
Phillips & Jordan Veba Tr (EIN: 207142554) is a nonprofit organization based in Knoxville, TN, classified under NTEE code Y43. The organization reported total revenue of $13.1M and total assets of $139K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phillips & Jordan Veba Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phillips & Jordan Veba Tr is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.8M |
| Total Expenses | $12.5M |
| Surplus / Deficit | +$318K |
| Total Assets | $1.0M |
| Net Assets | $1.0M |
| Operating Margin | 2.5% |
| Months of Reserves | 1.0 months |
Financial Health Grade: A
In 2023, Phillips & Jordan Veba Tr reported a surplus of $318K with revenue exceeding expenses, holds 1.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Phillips & Jordan Veba Tr's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.8% | +3.7% | +46.2% |
| 2022 | +6.6% | +16.1% | -18.2% |
| 2021 | +5.6% | -5.3% | +55.4% |
| 2020 | +6.8% | +11.0% | -28.5% |
| 2019 | +11.6% | +12.8% | +7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Phillips & Jordan Veba 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Phillips & Jordan Veba Tr allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $318K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the organization, which is highly unusual for an entity of this revenue size and suggests a volunteer-led or externally managed structure for administrative functions.
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.
Strengths
The following positive indicators were identified for Phillips & Jordan Veba Tr:
- Consistent zero officer compensation, indicating strong financial stewardship and focus on purpose.
- Stable financial operations with revenues generally exceeding expenses, as seen in 2023 ($12,806,869 revenue vs. $12,488,460 expenses).
- Consistent growth in revenue over the past decade, demonstrating organizational stability and expansion.
- Zero liabilities reported in recent years (2023, 2022, 2021), indicating strong financial health.
- Regular and extensive IRS 990 filing history (13 filings), suggesting good transparency.
Frequently Asked Questions about Phillips & Jordan Veba Tr
Is Phillips & Jordan Veba Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Phillips & Jordan Veba Tr (EIN: 207142554) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Phillips & Jordan Veba Tr spend its money?
Phillips & Jordan Veba Tr directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Phillips & Jordan Veba Tr tax-deductible?
Phillips & Jordan Veba Tr is registered as a tax-exempt nonprofit (EIN: 207142554). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Phillips & Jordan Veba Tr compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Phillips & Jordan Veba 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 Phillips & Jordan Veba Tr located?
Phillips & Jordan Veba Tr is headquartered in Knoxville, Tennessee and files with the IRS under EIN 207142554. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Phillips & Jordan Veba Tr have?
Phillips & Jordan Veba 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 $13.1M in total revenue.
Is Phillips & Jordan Veba Tr a good charity?
As a Voluntary Employees' Beneficiary Association (VEBA), its purpose is to provide benefits to employees, not to serve the general public as a traditional charity. Its financial management appears sound for its specific purpose, with consistent revenue and zero officer compensation.
How does Phillips & Jordan Veba Tr manage its assets?
The organization maintains a relatively low asset base compared to its annual revenue, suggesting that funds are primarily used for their intended purpose of providing benefits rather than accumulating significant reserves. For instance, in 2023, assets were $1,007,752 against $12,806,869 in revenue.
What is the trend in Phillips & Jordan Veba Tr's revenue and expenses?
Phillips & Jordan Veba Tr has shown consistent growth in both revenue and expenses over the past decade, from $4,697,147 in revenue in 2014 to $12,806,869 in 2023, indicating a stable and expanding operation.
Filing History
IRS 990 filing history for Phillips & Jordan Veba Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Phillips & Jordan Veba Tr's revenue has grown by 233.6%, moving from $3.8M to $12.8M. Total assets increased by 2116.9% over the same period, from $45K to $1.0M. Total functional expenses rose by 192.9%, from $4.3M to $12.5M. In its most recent filing year (2023), Phillips & Jordan Veba Tr reported a surplus of $318K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.8M | $12.5M | $1.0M | $0 | — | — |
| 2022 | $11.9M | $12.0M | $689K | $0 | — | View 990 |
| 2021 | $11.1M | $10.4M | $843K | $0 | — | View 990 |
| 2020 | $10.6M | $10.9M | $542K | $481K | — | — |
| 2019 | $9.9M | $9.9M | $759K | $315K | — | — |
| 2018 | $8.9M | $8.7M | $705K | $282K | — | View 990 |
| 2017 | $7.6M | $7.6M | $738K | $429K | — | — |
| 2016 | $7.2M | $6.9M | $721K | $419K | — | View 990 |
| 2015 | $5.5M | $5.3M | $715K | $678K | — | View 990 |
| 2014 | $4.7M | $4.7M | $332K | $475K | — | View 990 |
| 2013 | $3.5M | $3.5M | $311K | $441K | — | View 990 |
| 2012 | $3.6M | $3.5M | $159K | $238K | — | View 990 |
| 2011 | $3.8M | $4.3M | $45K | $424K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.8M, expenses of $12.5M, and assets of $1.0M (revenue +7.8% year-over-year).
- 2022: Revenue of $11.9M, expenses of $12.0M, and assets of $689K (revenue +6.6% year-over-year).
- 2021: Revenue of $11.1M, expenses of $10.4M, and assets of $843K (revenue +5.6% year-over-year).
- 2020: Revenue of $10.6M, expenses of $10.9M, and assets of $542K (revenue +6.8% year-over-year).
- 2019: Revenue of $9.9M, expenses of $9.9M, and assets of $759K (revenue +11.6% year-over-year).
- 2018: Revenue of $8.9M, expenses of $8.7M, and assets of $705K (revenue +16.2% year-over-year).
- 2017: Revenue of $7.6M, expenses of $7.6M, and assets of $738K (revenue +6.4% year-over-year).
- 2016: Revenue of $7.2M, expenses of $6.9M, and assets of $721K (revenue +31.1% year-over-year).
- 2015: Revenue of $5.5M, expenses of $5.3M, and assets of $715K (revenue +16.4% year-over-year).
- 2014: Revenue of $4.7M, expenses of $4.7M, and assets of $332K (revenue +35.8% year-over-year).
- 2013: Revenue of $3.5M, expenses of $3.5M, and assets of $311K (revenue -3.1% year-over-year).
- 2012: Revenue of $3.6M, expenses of $3.5M, and assets of $159K (revenue -7.0% year-over-year).
- 2011: Revenue of $3.8M, expenses of $4.3M, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phillips & Jordan Veba Tr:
Data Sources and Methodology
This transparency report for Phillips & Jordan Veba 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.