Republic Retiree Veba Benefit Tr
Republic Retiree Veba Benefit Tr consistently expends more than its annual revenue, drawing on substantial assets to fund retiree benefits.
EIN: 20642820 · Pittsburgh, PA · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.4M |
| Total Expenses | $9.6M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $86.9 |
| Net Assets | $82.8M |
| Transparency Score | 85/100 |
Is Republic Retiree Veba Benefit Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Republic Retiree Veba Benefit Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Republic Retiree Veba Benefit Tr
Republic Retiree Veba Benefit Tr (EIN: 20642820) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code Y43. The organization reported total revenue of $17.4M and total assets of $86.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Republic Retiree Veba Benefit Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Republic Retiree Veba Benefit Tr is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $9.6M |
| Surplus / Deficit | $-3,331,177 |
| Total Assets | $82.9M |
| Total Liabilities | $130K |
| Net Assets | $82.8M |
| Operating Margin | -53.0% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 103.5 months |
Financial Health Grade: B
In 2023, Republic Retiree Veba Benefit Tr reported a deficit of $3.3M with expenses exceeding revenue, holds 103.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Republic Retiree Veba Benefit Tr's revenue has declined at a compound annual growth rate (CAGR) of -8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.2% | +0.8% | +1.2% |
| 2022 | -18.1% | +12.6% | -17.0% |
| 2021 | -23.8% | -23.3% | +15.8% |
| 2020 | +12.3% | -28.1% | -1.6% |
| 2019 | -13.5% | -0.9% | -5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Republic Retiree Veba Benefit Tr with a Mission Score of 85 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, Republic Retiree Veba 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 deficit of $3.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive compensation is either non-existent, paid by a related entity, or handled through administrative fees rather than direct officer salaries from the trust itself. This suggests a very lean or externally managed executive structure relative to its $86.9 million in assets.
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 Republic Retiree Veba Benefit Tr's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in recent years, indicating asset depletion.
- Lack of detailed expense breakdown (program vs. admin) in provided summary data, though typical for a VEBA.
Strengths
The following positive indicators were identified for Republic Retiree Veba Benefit Tr:
- Substantial asset base ($86.9 million) providing financial stability for benefit payouts.
- Consistent financial reporting with 13 filings available, indicating good transparency.
- 0% reported officer compensation, suggesting efficient or externally managed administrative costs.
- Clear mission as a VEBA, focused on retiree benefits.
Frequently Asked Questions about Republic Retiree Veba Benefit Tr
Is Republic Retiree Veba Benefit Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Republic Retiree Veba Benefit Tr (EIN: 20642820) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Republic Retiree Veba Benefit Tr spend its money?
Republic Retiree Veba Benefit Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Republic Retiree Veba Benefit Tr tax-deductible?
Republic Retiree Veba Benefit Tr is registered as a tax-exempt nonprofit (EIN: 20642820). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Republic Retiree Veba Benefit Tr CEO make?
Republic Retiree Veba Benefit Tr's highest-compensated officer earns $86.9 annually. The organization reported $17.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Republic Retiree Veba Benefit Tr compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Republic Retiree Veba 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 Republic Retiree Veba Benefit Tr located?
Republic Retiree Veba Benefit Tr is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 20642820. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Republic Retiree Veba Benefit Tr have?
Republic Retiree Veba 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 $17.4M in total revenue.
How does Republic Retiree Veba Benefit Tr sustain operations with expenses frequently exceeding revenue?
The organization sustains operations by drawing down on its substantial asset base, which has consistently been over $80 million. This is a common operational model for VEBA trusts, where assets are accumulated and then disbursed over time to cover retiree benefits.
What is the primary purpose of Republic Retiree Veba Benefit Tr?
As a VEBA (Voluntary Employees' Beneficiary Association) trust, its primary purpose is to provide health and welfare benefits to retirees, which aligns with its NTEE code Y43 (Employee or Member Welfare Organizations).
Is the organization's asset base sufficient for its long-term obligations?
While the organization has a significant asset base of $86.9 million, the consistent trend of expenses exceeding revenue (e.g., $9.6M expenses vs. $6.2M revenue in 2023) suggests a gradual depletion of assets. A detailed actuarial analysis would be needed to determine the long-term sufficiency relative to future benefit obligations.
Filing History
IRS 990 filing history for Republic Retiree Veba Benefit Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Republic Retiree Veba Benefit Tr's revenue has declined by 65.6%, moving from $18.3M to $6.3M. Total assets increased by 10.3% over the same period, from $75.2M to $82.9M. Total functional expenses fell by 11.3%, from $10.8M to $9.6M. In its most recent filing year (2023), Republic Retiree Veba Benefit Tr reported a deficit of $3.3M, with expenses exceeding revenue. The organization holds $130K in liabilities against $82.9M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $82.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $9.6M | $82.9M | $130K | — | View 990 |
| 2022 | $6.6M | $9.5M | $81.9M | $95K | — | View 990 |
| 2021 | $8.1M | $8.5M | $98.7M | $106K | — | — |
| 2020 | $10.6M | $11.0M | $85.3M | $113K | — | — |
| 2019 | $9.5M | $15.4M | $86.7M | $88K | — | View 990 |
| 2018 | $10.9M | $15.5M | $91.8M | $145K | — | View 990 |
| 2017 | $11.7M | $14.9M | $94.3M | $144K | — | View 990 |
| 2016 | $18.5M | $12.8M | $93.2M | $119K | — | View 990 |
| 2015 | $16.1M | $13.3M | $92.8M | $92K | — | View 990 |
| 2014 | $17.1M | $12.0M | $91.4M | $103K | — | View 990 |
| 2013 | $14.2M | $12.4M | $78.6M | $203K | — | View 990 |
| 2012 | $8.2M | $9.7M | $72.5M | $221K | — | View 990 |
| 2011 | $18.3M | $10.8M | $75.2M | $215K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $9.6M, and assets of $82.9M (revenue -5.2% year-over-year).
- 2022: Revenue of $6.6M, expenses of $9.5M, and assets of $81.9M (revenue -18.1% year-over-year).
- 2021: Revenue of $8.1M, expenses of $8.5M, and assets of $98.7M (revenue -23.8% year-over-year).
- 2020: Revenue of $10.6M, expenses of $11.0M, and assets of $85.3M (revenue +12.3% year-over-year).
- 2019: Revenue of $9.5M, expenses of $15.4M, and assets of $86.7M (revenue -13.5% year-over-year).
- 2018: Revenue of $10.9M, expenses of $15.5M, and assets of $91.8M (revenue -6.3% year-over-year).
- 2017: Revenue of $11.7M, expenses of $14.9M, and assets of $94.3M (revenue -37.0% year-over-year).
- 2016: Revenue of $18.5M, expenses of $12.8M, and assets of $93.2M (revenue +15.6% year-over-year).
- 2015: Revenue of $16.1M, expenses of $13.3M, and assets of $92.8M (revenue -6.3% year-over-year).
- 2014: Revenue of $17.1M, expenses of $12.0M, and assets of $91.4M (revenue +20.6% year-over-year).
- 2013: Revenue of $14.2M, expenses of $12.4M, and assets of $78.6M (revenue +73.9% year-over-year).
- 2012: Revenue of $8.2M, expenses of $9.7M, and assets of $72.5M (revenue -55.4% year-over-year).
- 2011: Revenue of $18.3M, expenses of $10.8M, and assets of $75.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Republic Retiree Veba Benefit Tr:
Data Sources and Methodology
This transparency report for Republic Retiree Veba 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.