Retirement Enhancement And Benefit Alternatives Veba Tr Ii
Retirement Enhancement And Benefit Alternatives Veba Tr Ii maintains strong financial health with consistent revenue surpluses and no reported liabilities or officer compensation.
EIN: 201902342 · Minneapolis, MN · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $851K |
| Program Spending | 90% |
| Net Assets | $7.5M |
| Transparency Score | 95/100 |
Is Retirement Enhancement And Benefit Alternatives Veba Tr Ii Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Retirement Enhancement And Benefit Alternatives Veba Tr Ii directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Retirement Enhancement And Benefit Alternatives Veba Tr Ii
Retirement Enhancement And Benefit Alternatives Veba Tr Ii (EIN: 201902342) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code Y43. The organization reported total revenue of $1.3M and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Retirement Enhancement And Benefit Alternatives Veba Tr Ii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Retirement Enhancement And Benefit Alternatives Veba Tr Ii is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $851K |
| Surplus / Deficit | +$423K |
| Total Assets | $7.5M |
| Net Assets | $7.5M |
| Operating Margin | 33.2% |
| Months of Reserves | 105.1 months |
Financial Health Grade: A
In 2023, Retirement Enhancement And Benefit Alternatives Veba Tr Ii reported a surplus of $423K with revenue exceeding expenses, holds 105.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Retirement Enhancement And Benefit Alternatives Veba Tr Ii's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.2% | +6.0% | +6.0% |
| 2022 | -12.2% | +14.7% | +4.8% |
| 2021 | -5.7% | -55.1% | +30.3% |
| 2020 | -35.1% | +25.9% | -45.6% |
| 2019 | -2.3% | -8.2% | +10.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Retirement Enhancement And Benefit Alternatives Veba Tr Ii 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Retirement Enhancement And Benefit Alternatives Veba Tr Ii 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 surplus of $423K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 filings, indicating that no salaries or other compensation are paid to its officers. This suggests a volunteer-led or externally managed structure, which significantly reduces administrative overhead related to executive pay.
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 Retirement Enhancement And Benefit Alternatives Veba Tr Ii:
- Consistent revenue exceeding expenses in most years, indicating financial stability.
- Zero reported liabilities across all 13 filings, demonstrating a debt-free operation.
- Zero reported officer compensation, suggesting highly efficient or volunteer-led management.
- Healthy and growing asset base, increasing from $4.79M in 2014 to $7.45M in 2023.
- Consistent IRS 990 filing history, indicating strong transparency and compliance.
Frequently Asked Questions about Retirement Enhancement And Benefit Alternatives Veba Tr Ii
Is Retirement Enhancement And Benefit Alternatives Veba Tr Ii a legitimate charity?
Based on AI analysis of IRS 990 filings, Retirement Enhancement And Benefit Alternatives Veba Tr Ii (EIN: 201902342) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Retirement Enhancement And Benefit Alternatives Veba Tr Ii spend its money?
Retirement Enhancement And Benefit Alternatives Veba Tr Ii directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Retirement Enhancement And Benefit Alternatives Veba Tr Ii tax-deductible?
Retirement Enhancement And Benefit Alternatives Veba Tr Ii is registered as a tax-exempt nonprofit (EIN: 201902342). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Retirement Enhancement And Benefit Alternatives Veba Tr Ii compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Retirement Enhancement And Benefit Alternatives Veba Tr Ii 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 Retirement Enhancement And Benefit Alternatives Veba Tr Ii located?
Retirement Enhancement And Benefit Alternatives Veba Tr Ii is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 201902342. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Retirement Enhancement And Benefit Alternatives Veba Tr Ii have?
Retirement Enhancement And Benefit Alternatives Veba Tr Ii 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 $1.3M in total revenue.
Is Retirement Enhancement And Benefit Alternatives Veba Tr Ii a good charity?
Based on the available financial data, the organization appears to be very well-managed financially. It consistently generates more revenue than expenses, has a strong asset base ($7,450,888 in 2023), and reports no liabilities or officer compensation, which are strong indicators of financial health and efficient use of resources.
How does the organization manage its administrative costs?
The consistent reporting of 0% officer compensation across all filings strongly suggests very low administrative costs related to executive salaries. While a full breakdown isn't available, this specific detail points to a highly efficient or volunteer-driven administrative structure.
What is the trend in the organization's assets?
The organization's assets have shown a general upward trend over the past decade, growing from $4,793,872 in 2014 to $7,450,888 in 2023, indicating healthy financial growth and accumulation of resources.
Filing History
IRS 990 filing history for Retirement Enhancement And Benefit Alternatives Veba Tr Ii showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Retirement Enhancement And Benefit Alternatives Veba Tr Ii's revenue has grown by 3.8%, moving from $1.2M to $1.3M. Total assets increased by 119.5% over the same period, from $3.4M to $7.5M. Total functional expenses rose by 9.4%, from $777K to $851K. In its most recent filing year (2023), Retirement Enhancement And Benefit Alternatives Veba Tr Ii reported a surplus of $423K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $851K | $7.5M | $0 | — | — |
| 2022 | $1.1M | $802K | $7.0M | $0 | — | View 990 |
| 2021 | $1.3M | $699K | $6.7M | $0 | — | View 990 |
| 2020 | $1.4M | $1.6M | $5.1M | $0 | — | View 990 |
| 2019 | $2.1M | $1.2M | $9.5M | $0 | — | View 990 |
| 2018 | $2.1M | $1.3M | $8.6M | $0 | — | View 990 |
| 2017 | $2.0M | $1.2M | $7.8M | $0 | — | View 990 |
| 2016 | $2.8M | $1.1M | $7.0M | $0 | — | View 990 |
| 2015 | $1.6M | $1.1M | $5.4M | $0 | — | View 990 |
| 2014 | $1.3M | $927K | $4.8M | $0 | — | View 990 |
| 2013 | $1.5M | $882K | $4.4M | $0 | — | View 990 |
| 2012 | $1.2M | $828K | $3.8M | $0 | — | View 990 |
| 2011 | $1.2M | $777K | $3.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $851K, and assets of $7.5M (revenue +13.2% year-over-year).
- 2022: Revenue of $1.1M, expenses of $802K, and assets of $7.0M (revenue -12.2% year-over-year).
- 2021: Revenue of $1.3M, expenses of $699K, and assets of $6.7M (revenue -5.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.6M, and assets of $5.1M (revenue -35.1% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.2M, and assets of $9.5M (revenue -2.3% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.3M, and assets of $8.6M (revenue +7.0% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.2M, and assets of $7.8M (revenue -27.3% year-over-year).
- 2016: Revenue of $2.8M, expenses of $1.1M, and assets of $7.0M (revenue +70.3% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.1M, and assets of $5.4M (revenue +22.3% year-over-year).
- 2014: Revenue of $1.3M, expenses of $927K, and assets of $4.8M (revenue -9.8% year-over-year).
- 2013: Revenue of $1.5M, expenses of $882K, and assets of $4.4M (revenue +17.9% year-over-year).
- 2012: Revenue of $1.2M, expenses of $828K, and assets of $3.8M (revenue +1.5% year-over-year).
- 2011: Revenue of $1.2M, expenses of $777K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Retirement Enhancement And Benefit Alternatives Veba Tr Ii:
Data Sources and Methodology
This transparency report for Retirement Enhancement And Benefit Alternatives Veba Tr Ii 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.