Pinnacle West Capital Corporation Life Insurance Benefits Trust
EIN: 816137331 · Heritage Dr N Qu, MA · NTEE: Y43
| Metric | Value |
|---|---|
| Total Revenue | $105.3M |
| Total Expenses | $176K |
| Net Assets | $70.0M |
Is Pinnacle West Capital Corporation Life Insurance Benefits Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pinnacle West Capital Corporation Life Insurance Benefits Trust
Pinnacle West Capital Corporation Life Insurance Benefits Trust (EIN: 816137331) is a nonprofit organization based in Heritage Dr N Qu, MA, classified under NTEE code Y43. The organization reported total revenue of $105.3M and total assets of $71.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pinnacle West Capital Corporation Life Insurance Benefits Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pinnacle West Capital Corporation Life Insurance Benefits Trust is a major nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 32.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $176K |
| Surplus / Deficit | +$2.7M |
| Total Assets | $70.2M |
| Total Liabilities | $161K |
| Net Assets | $70.0M |
| Operating Margin | 93.8% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 4793.3 months |
Financial Health Grade: A
In 2023, Pinnacle West Capital Corporation Life Insurance Benefits Trust reported a surplus of $2.7M with revenue exceeding expenses, holds 4793.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Pinnacle West Capital Corporation Life Insurance Benefits Trust's revenue has grown at a compound annual growth rate (CAGR) of 32.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.4% | -99.2% | -84.7% |
| 2019 | -557.3% | -40.2% | +3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pinnacle West Capital Corporation Life Insurance Benefits Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pinnacle West Capital Corporation Life Insurance Benefits Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Pinnacle West Capital Corporation Life Insurance Benefits Trust
Is Pinnacle West Capital Corporation Life Insurance Benefits Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Pinnacle West Capital Corporation Life Insurance Benefits Trust (EIN: 816137331) insufficient data. 0 red flags identified, 0 strengths noted.
How does Pinnacle West Capital Corporation Life Insurance Benefits Trust spend its money?
Detailed spending breakdown data is not yet available for Pinnacle West Capital Corporation Life Insurance Benefits Trust. Check back for updated IRS 990 analysis.
Are donations to Pinnacle West Capital Corporation Life Insurance Benefits Trust tax-deductible?
Pinnacle West Capital Corporation Life Insurance Benefits Trust is registered as a tax-exempt nonprofit (EIN: 816137331). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pinnacle West Capital Corporation Life Insurance Benefits Trust located?
Pinnacle West Capital Corporation Life Insurance Benefits Trust is headquartered in Heritage Dr N Qu, Massachusetts and files with the IRS under EIN 816137331. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Pinnacle West Capital Corporation Life Insurance Benefits Trust have?
Pinnacle West Capital Corporation Life Insurance Benefits Trust has 6 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 $105.3M in total revenue.
Filing History
IRS 990 filing history for Pinnacle West Capital Corporation Life Insurance Benefits Trust showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Pinnacle West Capital Corporation Life Insurance Benefits Trust's revenue has grown by 307.4%, moving from $699K to $2.8M. Total assets increased by 11.1% over the same period, from $63.2M to $70.2M. Total functional expenses fell by 95.8%, from $4.2M to $176K. In its most recent filing year (2023), Pinnacle West Capital Corporation Life Insurance Benefits Trust reported a surplus of $2.7M, with revenue exceeding expenses. The organization holds $161K in liabilities against $70.2M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $70.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $176K | $70.2M | $161K | — | — |
| 2022 | $462.5M | $21.1M | $458.8M | $0 | — | View 990 |
| 2021 | $-272,627 | $1.7M | $76.2M | $284K | — | View 990 |
| 2020 | $-1,771,150 | $1.8M | $72.8M | $66K | — | View 990 |
| 2019 | $-3,196,398 | $2.5M | $65.2M | $162K | — | — |
| 2018 | $699K | $4.2M | $63.2M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $176K, and assets of $70.2M (revenue -99.4% year-over-year).
- 2022: Revenue of $462.5M, expenses of $21.1M, and assets of $458.8M.
- 2021: Revenue of $-272,627, expenses of $1.7M, and assets of $76.2M.
- 2020: Revenue of $-1,771,150, expenses of $1.8M, and assets of $72.8M.
- 2019: Revenue of $-3,196,398, expenses of $2.5M, and assets of $65.2M (revenue -557.3% year-over-year).
- 2018: Revenue of $699K, expenses of $4.2M, and assets of $63.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pinnacle West Capital Corporation Life Insurance Benefits Trust:
Data Sources and Methodology
This transparency report for Pinnacle West Capital Corporation Life Insurance Benefits Trust 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.