Portland General Electric Company Veba For Health Reimbursement Arra
Portland General Electric Company VEBA consistently maintains positive net assets with zero liabilities and no reported officer compensation.
EIN: 202009365 · Des Moines, IA · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.4M |
| Total Expenses | $1.7M |
| Program Spending | 100% |
| Net Assets | $13.9M |
| Transparency Score | 95/100 |
Is Portland General Electric Company Veba For Health Reimbursement Arra Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland General Electric Company Veba For Health Reimbursement Arra directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portland General Electric Company Veba For Health Reimbursement Arra
Portland General Electric Company Veba For Health Reimbursement Arra (EIN: 202009365) is a nonprofit organization based in Des Moines, IA, classified under NTEE code Y43. The organization reported total revenue of $20.4M and total assets of $16.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland General Electric Company Veba For Health Reimbursement Arra's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland General Electric Company Veba For Health Reimbursement Arra is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$11K |
| Total Assets | $13.9M |
| Net Assets | $13.9M |
| Operating Margin | 0.6% |
| Months of Reserves | 96.7 months |
Financial Health Grade: A
In 2023, Portland General Electric Company Veba For Health Reimbursement Arra reported a surplus of $11K with revenue exceeding expenses, holds 96.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Portland General Electric Company Veba For Health Reimbursement Arra's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.7% | -2.8% | +0.1% |
| 2022 | -25.9% | -11.2% | +2.5% |
| 2021 | +72.9% | +26.1% | +6.7% |
| 2020 | -16.6% | +6.8% | +0.5% |
| 2019 | -8.1% | -1.8% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Portland General Electric Company Veba For Health Reimbursement Arra 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Portland General Electric Company Veba For Health Reimbursement Arra 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 $11K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers from the organization's funds, or these costs are absorbed elsewhere, which is highly efficient for a fund of this size.
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 Portland General Electric Company Veba For Health Reimbursement Arra:
- Consistent asset growth, from $8,542,729 in 2014 to $13,875,059 in 2023.
- Zero reported liabilities across all filings, indicating strong financial health.
- 0% officer compensation reported, suggesting highly efficient administrative spending.
- Consistent positive net income, with revenue generally exceeding expenses.
- Excellent transparency with 13 years of readily available IRS 990 filings.
Frequently Asked Questions about Portland General Electric Company Veba For Health Reimbursement Arra
Is Portland General Electric Company Veba For Health Reimbursement Arra a legitimate charity?
Based on AI analysis of IRS 990 filings, Portland General Electric Company Veba For Health Reimbursement Arra (EIN: 202009365) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Portland General Electric Company Veba For Health Reimbursement Arra spend its money?
Portland General Electric Company Veba For Health Reimbursement Arra directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Portland General Electric Company Veba For Health Reimbursement Arra tax-deductible?
Portland General Electric Company Veba For Health Reimbursement Arra is registered as a tax-exempt nonprofit (EIN: 202009365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Portland General Electric Company Veba For Health Reimbursement Arra compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Portland General Electric Company Veba For Health Reimbursement Arra 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 Portland General Electric Company Veba For Health Reimbursement Arra located?
Portland General Electric Company Veba For Health Reimbursement Arra is headquartered in Des Moines, Iowa and files with the IRS under EIN 202009365. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Portland General Electric Company Veba For Health Reimbursement Arra have?
Portland General Electric Company Veba For Health Reimbursement Arra 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 $20.4M in total revenue.
Is Portland General Electric Company Veba For Health Reimbursement Arra a good charity?
Based on the available financial data, the organization demonstrates excellent financial health, efficiency, and transparency. It consistently maintains positive net assets, reports zero liabilities, and has 0% officer compensation, suggesting a very well-managed fund for its stated purpose.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $8,542,729 in 2014 to $13,875,059 in 2023, indicating sound financial management and accumulation of resources.
What is the trend in revenue versus expenses?
Revenue has generally exceeded expenses, allowing for asset growth. For instance, in 2023, revenue was $1,733,752 against expenses of $1,722,486, maintaining a positive margin. This trend is consistent across most years, demonstrating financial stability.
Filing History
IRS 990 filing history for Portland General Electric Company Veba For Health Reimbursement Arra showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Portland General Electric Company Veba For Health Reimbursement Arra's revenue has grown by 111.6%, moving from $819K to $1.7M. Total assets increased by 295.9% over the same period, from $3.5M to $13.9M. Total functional expenses rose by 160.4%, from $662K to $1.7M. In its most recent filing year (2023), Portland General Electric Company Veba For Health Reimbursement Arra reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $13.9M | $0 | — | View 990 |
| 2022 | $2.1M | $1.8M | $13.9M | $0 | — | View 990 |
| 2021 | $2.8M | $2.0M | $13.5M | $0 | — | View 990 |
| 2020 | $1.6M | $1.6M | $12.7M | $0 | — | — |
| 2019 | $2.0M | $1.5M | $12.6M | $0 | — | View 990 |
| 2018 | $2.1M | $1.5M | $12.1M | $0 | — | View 990 |
| 2017 | $1.7M | $1.3M | $11.5M | $0 | — | View 990 |
| 2016 | $1.6M | $1.3M | $11.1M | $0 | — | View 990 |
| 2015 | $3.6M | $1.3M | $10.8M | $0 | — | View 990 |
| 2014 | $2.9M | $1.0M | $8.5M | $0 | — | View 990 |
| 2013 | $2.5M | $855K | $6.7M | $0 | — | View 990 |
| 2012 | $2.2M | $719K | $5.0M | $0 | — | View 990 |
| 2011 | $819K | $662K | $3.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $13.9M (revenue -17.7% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.8M, and assets of $13.9M (revenue -25.9% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.0M, and assets of $13.5M (revenue +72.9% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.6M, and assets of $12.7M (revenue -16.6% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.5M, and assets of $12.6M (revenue -8.1% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.5M, and assets of $12.1M (revenue +23.5% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.3M, and assets of $11.5M (revenue +9.1% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.3M, and assets of $11.1M (revenue -55.8% year-over-year).
- 2015: Revenue of $3.6M, expenses of $1.3M, and assets of $10.8M (revenue +25.6% year-over-year).
- 2014: Revenue of $2.9M, expenses of $1.0M, and assets of $8.5M (revenue +12.6% year-over-year).
- 2013: Revenue of $2.5M, expenses of $855K, and assets of $6.7M (revenue +14.6% year-over-year).
- 2012: Revenue of $2.2M, expenses of $719K, and assets of $5.0M (revenue +171.4% year-over-year).
- 2011: Revenue of $819K, expenses of $662K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland General Electric Company Veba For Health Reimbursement Arra:
Data Sources and Methodology
This transparency report for Portland General Electric Company Veba For Health Reimbursement Arra 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.