Protective Life Corporation Master Welfare Benefit Trust
Protective Life Corporation Master Welfare Benefit Trust consistently spends more than it earns, drawing down assets.
EIN: 206374357 · Birmingham, AL · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17K |
| Total Expenses | $267K |
| Program Spending | 90% |
| Net Assets | $3.8M |
| Transparency Score | 70/100 |
Is Protective Life Corporation Master Welfare Benefit Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Protective Life Corporation Master Welfare Benefit Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Protective Life Corporation Master Welfare Benefit Trust
Protective Life Corporation Master Welfare Benefit Trust (EIN: 206374357) is a nonprofit organization based in Birmingham, AL, classified under NTEE code Y43. The organization reported total revenue of $17K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Protective Life Corporation Master Welfare Benefit Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Protective Life Corporation Master Welfare Benefit Trust is a micro 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 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $84K |
| Total Expenses | $267K |
| Surplus / Deficit | $-182,336 |
| Total Assets | $3.9M |
| Total Liabilities | $24K |
| Net Assets | $3.8M |
| Operating Margin | -216.5% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 173.7 months |
Financial Health Grade: B
In 2023, Protective Life Corporation Master Welfare Benefit Trust reported a deficit of $182K with expenses exceeding revenue, holds 173.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Protective Life Corporation Master Welfare Benefit Trust's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +246.2% | +31.7% | -4.3% |
| 2022 | +252.8% | -0.8% | -4.3% |
| 2021 | -5.8% | +1.5% | -4.4% |
| 2020 | -36.1% | -21.3% | -4.3% |
| 2019 | -1.1% | -2.8% | -5.0% |
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 Protective Life Corporation Master Welfare Benefit Trust with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Protective Life Corporation Master Welfare Benefit Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $182K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers are compensated directly from the trust, which is a positive sign for financial stewardship.
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 Protective Life Corporation Master Welfare Benefit Trust's IRS 990 filings:
- Consistent net losses with expenses significantly exceeding revenue over the past decade, leading to declining assets.
- Lack of detailed program spending breakdown in public filings for a welfare benefit trust, making it hard to assess benefit distribution efficiency.
Strengths
The following positive indicators were identified for Protective Life Corporation Master Welfare Benefit Trust:
- Consistent 0% officer compensation reported, indicating no direct executive salaries from the trust.
- Regular and timely IRS 990 filings, demonstrating good transparency in financial reporting.
- Clear NTEE code (Y43) indicating its specific function as a welfare benefit trust, which helps in understanding its financial model.
Frequently Asked Questions about Protective Life Corporation Master Welfare Benefit Trust
Is Protective Life Corporation Master Welfare Benefit Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Protective Life Corporation Master Welfare Benefit Trust (EIN: 206374357) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Protective Life Corporation Master Welfare Benefit Trust spend its money?
Protective Life Corporation Master Welfare Benefit Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Protective Life Corporation Master Welfare Benefit Trust tax-deductible?
Protective Life Corporation Master Welfare Benefit Trust is registered as a tax-exempt nonprofit (EIN: 206374357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Protective Life Corporation Master Welfare Benefit Trust compare to similar nonprofits?
With a transparency score of 70/100 (Good), Protective Life Corporation Master Welfare Benefit Trust 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 Protective Life Corporation Master Welfare Benefit Trust located?
Protective Life Corporation Master Welfare Benefit Trust is headquartered in Birmingham, Alabama and files with the IRS under EIN 206374357. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Protective Life Corporation Master Welfare Benefit Trust have?
Protective Life Corporation Master Welfare Benefit Trust 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 $17K in total revenue.
Is Protective Life Corporation Master Welfare Benefit Trust a good charity?
As a welfare benefit trust (NTEE Y43), it's not a traditional public charity. Its 'goodness' should be evaluated based on its effectiveness in managing and distributing employee benefits as per its trust agreement, rather than typical charity metrics like public program impact.
Why are expenses consistently higher than revenue?
This is typical for a welfare benefit trust that may be distributing benefits from a principal fund or receiving large, infrequent contributions not categorized as annual revenue. For example, in 2023, expenses were $266,572 against $84,236 in revenue.
What is the long-term plan for asset management given the consistent decline?
Assets have decreased from $5,925,089 in 2014 to $3,858,526 in 2023. Understanding the trust's funding mechanism and expected lifespan is crucial to assess its long-term viability.
Filing History
IRS 990 filing history for Protective Life Corporation Master Welfare Benefit Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Protective Life Corporation Master Welfare Benefit Trust's revenue has grown by 87.4%, moving from $45K to $84K. Total assets decreased by 37.7% over the same period, from $6.2M to $3.9M. Total functional expenses rose by 908.3%, from $26K to $267K. In its most recent filing year (2023), Protective Life Corporation Master Welfare Benefit Trust reported a deficit of $182K, with expenses exceeding revenue. The organization holds $24K in liabilities against $3.9M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $84K | $267K | $3.9M | $24K | — | — |
| 2022 | $24K | $202K | $4.0M | $17K | — | View 990 |
| 2021 | $7K | $204K | $4.2M | $19K | — | View 990 |
| 2020 | $7K | $201K | $4.4M | $18K | — | — |
| 2019 | $11K | $255K | $4.6M | $24K | — | View 990 |
| 2018 | $12K | $263K | $4.9M | $24K | — | View 990 |
| 2017 | $9K | $266K | $5.1M | $24K | — | View 990 |
| 2016 | $7K | $279K | $5.4M | $24K | — | View 990 |
| 2015 | $7K | $277K | $5.7M | $42K | — | View 990 |
| 2014 | $7K | $281K | $5.9M | $45K | — | View 990 |
| 2013 | $7K | $23K | $6.2M | $2K | — | View 990 |
| 2012 | $7K | $27K | $6.2M | $3K | — | View 990 |
| 2011 | $45K | $26K | $6.2M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $84K, expenses of $267K, and assets of $3.9M (revenue +246.2% year-over-year).
- 2022: Revenue of $24K, expenses of $202K, and assets of $4.0M (revenue +252.8% year-over-year).
- 2021: Revenue of $7K, expenses of $204K, and assets of $4.2M (revenue -5.8% year-over-year).
- 2020: Revenue of $7K, expenses of $201K, and assets of $4.4M (revenue -36.1% year-over-year).
- 2019: Revenue of $11K, expenses of $255K, and assets of $4.6M (revenue -1.1% year-over-year).
- 2018: Revenue of $12K, expenses of $263K, and assets of $4.9M (revenue +25.9% year-over-year).
- 2017: Revenue of $9K, expenses of $266K, and assets of $5.1M (revenue +39.3% year-over-year).
- 2016: Revenue of $7K, expenses of $279K, and assets of $5.4M (revenue -4.8% year-over-year).
- 2015: Revenue of $7K, expenses of $277K, and assets of $5.7M (revenue -4.5% year-over-year).
- 2014: Revenue of $7K, expenses of $281K, and assets of $5.9M (revenue -1.9% year-over-year).
- 2013: Revenue of $7K, expenses of $23K, and assets of $6.2M (revenue -0.3% year-over-year).
- 2012: Revenue of $7K, expenses of $27K, and assets of $6.2M (revenue -83.5% year-over-year).
- 2011: Revenue of $45K, expenses of $26K, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Protective Life Corporation Master Welfare Benefit Trust:
Data Sources and Methodology
This transparency report for Protective Life Corporation Master Welfare Benefit 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.