Rochester General Health System Workers Compensation Trust
Rochester General Health System Workers Compensation Trust consistently operates at break-even with no officer compensation.
EIN: 166429300 · Rochester, NY · NTEE: E80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.2M |
| Total Expenses | $2.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $4.0M |
| Transparency Score | 85/100 |
Is Rochester General Health System Workers Compensation Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rochester General Health System Workers Compensation Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rochester General Health System Workers Compensation Trust
Rochester General Health System Workers Compensation Trust (EIN: 166429300) is a nonprofit organization based in Rochester, NY, classified under NTEE code E80. The organization reported total revenue of $11.2M and total assets of $51.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rochester General Health System Workers Compensation Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rochester General Health System Workers Compensation Trust is a large nonprofit that has been operating for 27 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$0 |
| Total Assets | $48.5M |
| Total Liabilities | $44.5M |
| Net Assets | $4.0M |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 91.8% |
| Months of Reserves | 262.0 months |
Financial Health Grade: B
In 2023, Rochester General Health System Workers Compensation Trust reported a surplus of $0 with revenue exceeding expenses, holds 262.0 months of operating reserves (strong position), has a debt-to-asset ratio of 91.8% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Rochester General Health System Workers Compensation Trust's revenue has declined at a compound annual growth rate (CAGR) of -9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.4% | -68.4% | -10.0% |
| 2022 | -23.0% | -21.1% | -16.8% |
| 2021 | -11.3% | -12.6% | -3.0% |
| 2020 | +23.7% | -5.8% | +3.3% |
| 2019 | -40.5% | -22.8% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Rochester General Health System Workers Compensation Trust 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Rochester General Health System Workers Compensation 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 surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 91.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the trust's leadership is either unpaid or compensated through other entities, which is a significant factor for an organization of its size with assets exceeding $50 million.
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 Rochester General Health System Workers Compensation Trust's IRS 990 filings:
- Lack of detailed expense breakdown beyond total expenses in provided data, making granular efficiency analysis difficult.
Strengths
The following positive indicators were identified for Rochester General Health System Workers Compensation Trust:
- Consistent financial reporting over 14 periods, demonstrating strong transparency.
- Zero reported officer compensation, indicating a lean administrative structure.
- Healthy asset-to-liability ratio, suggesting strong financial solvency.
- Consistent operation at or near break-even, indicating effective financial management for a trust.
Frequently Asked Questions about Rochester General Health System Workers Compensation Trust
Is Rochester General Health System Workers Compensation Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Rochester General Health System Workers Compensation Trust (EIN: 166429300) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Rochester General Health System Workers Compensation Trust spend its money?
Rochester General Health System Workers Compensation Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rochester General Health System Workers Compensation Trust tax-deductible?
Rochester General Health System Workers Compensation Trust is registered as a tax-exempt nonprofit (EIN: 166429300). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rochester General Health System Workers Compensation Trust CEO make?
Rochester General Health System Workers Compensation Trust's highest-compensated officer earns $50 annually. The organization reported $11.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Rochester General Health System Workers Compensation Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rochester General Health System Workers Compensation Trust is above average for NTEE category E80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rochester General Health System Workers Compensation Trust located?
Rochester General Health System Workers Compensation Trust is headquartered in Rochester, New York and files with the IRS under EIN 166429300. It is classified under NTEE code E80.
How many years of IRS 990 filings does Rochester General Health System Workers Compensation Trust have?
Rochester General Health System Workers Compensation Trust has 14 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 $11.2M in total revenue.
How does the trust manage to have 0% officer compensation?
The filings consistently report 0% officer compensation. This could mean that officers are volunteers, or their compensation is covered by a related entity (e.g., Rochester General Health System) and not directly reported by the trust itself.
What is the primary purpose of this Workers Compensation Trust?
Based on its name and NTEE code E80 (Workers' Compensation & Disability), the trust's primary purpose is likely to manage workers' compensation claims and related funds for the Rochester General Health System.
Why do revenue and expenses often match exactly or very closely?
For a trust, especially one managing workers' compensation, it's common for revenue (e.g., contributions, investment income) to be closely matched by expenses (e.g., claims paid, administrative costs) as it aims to cover its obligations without generating significant profit or loss.
Is the decline in assets from $66.7 million in 2020 to $48.5 million in 2023 a concern?
While a decline in assets is notable, it's important to consider the nature of a trust. It could reflect a period of higher claim payouts relative to contributions or investment performance. Given that liabilities also decreased from $62.8 million to $44.5 million over the same period, the trust's net assets (assets minus liabilities) remained relatively stable, suggesting it's not necessarily a red flag without further context.
Filing History
IRS 990 filing history for Rochester General Health System Workers Compensation Trust showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Rochester General Health System Workers Compensation Trust's revenue has declined by 70.9%, moving from $7.6M to $2.2M. Total assets increased by 67.8% over the same period, from $28.9M to $48.5M. Total functional expenses fell by 70.9%, from $7.6M to $2.2M. In its most recent filing year (2023), Rochester General Health System Workers Compensation Trust reported a surplus of $0, with revenue exceeding expenses. The organization holds $44.5M in liabilities against $48.5M in assets (debt-to-asset ratio: 91.8%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.2M | $48.5M | $44.5M | — | — |
| 2022 | $7.0M | $7.0M | $53.9M | $49.9M | — | View 990 |
| 2021 | $9.1M | $8.9M | $64.8M | $60.8M | — | View 990 |
| 2020 | $10.3M | $10.2M | $66.8M | $62.8M | — | View 990 |
| 2019 | $8.3M | $10.8M | $64.7M | $60.7M | — | View 990 |
| 2018 | $14.0M | $14.0M | $65.6M | $61.6M | — | View 990 |
| 2017 | $6.9M | $6.9M | $63.9M | $59.4M | — | View 990 |
| 2016 | $8.4M | $8.4M | $57.8M | $54.3M | — | View 990 |
| 2015 | $7.8M | $7.8M | $55.4M | $53.0M | — | View 990 |
| 2014 | $9.3M | $9.3M | $55.6M | $53.1M | — | View 990 |
| 2013 | $9.6M | $9.6M | $49.7M | $47.5M | — | View 990 |
| 2012 | $5.7M | $5.7M | $46.4M | $43.5M | — | View 990 |
| 2011 | $7.0M | $7.0M | $40.1M | $37.6M | — | View 990 |
| 2010 | $7.6M | $7.6M | $28.9M | $27.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.2M, and assets of $48.5M (revenue -68.4% year-over-year).
- 2022: Revenue of $7.0M, expenses of $7.0M, and assets of $53.9M (revenue -23.0% year-over-year).
- 2021: Revenue of $9.1M, expenses of $8.9M, and assets of $64.8M (revenue -11.3% year-over-year).
- 2020: Revenue of $10.3M, expenses of $10.2M, and assets of $66.8M (revenue +23.7% year-over-year).
- 2019: Revenue of $8.3M, expenses of $10.8M, and assets of $64.7M (revenue -40.5% year-over-year).
- 2018: Revenue of $14.0M, expenses of $14.0M, and assets of $65.6M (revenue +101.7% year-over-year).
- 2017: Revenue of $6.9M, expenses of $6.9M, and assets of $63.9M (revenue -17.6% year-over-year).
- 2016: Revenue of $8.4M, expenses of $8.4M, and assets of $57.8M (revenue +8.4% year-over-year).
- 2015: Revenue of $7.8M, expenses of $7.8M, and assets of $55.4M (revenue -16.2% year-over-year).
- 2014: Revenue of $9.3M, expenses of $9.3M, and assets of $55.6M (revenue -3.5% year-over-year).
- 2013: Revenue of $9.6M, expenses of $9.6M, and assets of $49.7M (revenue +69.6% year-over-year).
- 2012: Revenue of $5.7M, expenses of $5.7M, and assets of $46.4M (revenue -19.1% year-over-year).
- 2011: Revenue of $7.0M, expenses of $7.0M, and assets of $40.1M (revenue -8.4% year-over-year).
- 2010: Revenue of $7.6M, expenses of $7.6M, and assets of $28.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rochester General Health System Workers Compensation Trust:
Data Sources and Methodology
This transparency report for Rochester General Health System Workers Compensation 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.