Subaru Voluntary Employee Welfare Benefit Trust
Subaru Employee Welfare Trust: Stable Finances, Limited Public Detail
EIN: 222351386 · Camden, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $43.9M |
| Total Expenses | $36.8M |
| Program Spending | 90% |
| Net Assets | $65.6M |
| Transparency Score | 65/100 |
Is Subaru Voluntary Employee 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 →
Subaru Voluntary Employee Welfare Benefit Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Subaru Voluntary Employee Welfare Benefit Trust
Subaru Voluntary Employee Welfare Benefit Trust (EIN: 222351386) is a nonprofit organization based in Camden, NJ. The organization reported total revenue of $43.9M and total assets of $67.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Subaru Voluntary Employee Welfare Benefit Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Subaru Voluntary Employee Welfare Benefit Trust is a large nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39.9M |
| Total Expenses | $36.8M |
| Surplus / Deficit | +$3.2M |
| Total Assets | $65.6M |
| Net Assets | $65.6M |
| Operating Margin | 8.0% |
| Months of Reserves | 21.4 months |
Financial Health Grade: A
In 2023, Subaru Voluntary Employee Welfare Benefit Trust reported a surplus of $3.2M with revenue exceeding expenses, holds 21.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Subaru Voluntary Employee Welfare Benefit Trust's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.1% | +12.4% | +11.8% |
| 2022 | +3.0% | +6.8% | -18.3% |
| 2021 | +6.0% | +11.9% | +12.4% |
| 2020 | -4.5% | +0.3% | +7.7% |
| 2019 | +5.9% | -2.9% | +19.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Subaru Voluntary Employee Welfare Benefit Trust with a Mission Score of 65 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, Subaru Voluntary Employee 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 surplus of $3.2M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported, as the trust appears to be managed by a corporate trustee or administrative services, rather than having highly compensated individual executives.
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 Subaru Voluntary Employee Welfare Benefit Trust's IRS 990 filings:
- Lack of detailed program descriptions and beneficiary information in public filings.
- Significant 'other expenses' without clear itemization, making it hard to discern the exact nature of expenditures.
Strengths
The following positive indicators were identified for Subaru Voluntary Employee Welfare Benefit Trust:
- Consistent revenue and asset growth over several years, indicating financial stability.
- No reported fundraising expenses, suggesting efficient operation without public solicitation.
- Appears to be a well-established and consistently funded employee benefit vehicle.
Frequently Asked Questions about Subaru Voluntary Employee Welfare Benefit Trust
Is Subaru Voluntary Employee Welfare Benefit Trust a legitimate charity?
Subaru Voluntary Employee Welfare Benefit Trust (EIN: 222351386) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $43.9M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Subaru Voluntary Employee Welfare Benefit Trust spend its money?
Subaru Voluntary Employee Welfare Benefit Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Subaru Voluntary Employee Welfare Benefit Trust tax-deductible?
Subaru Voluntary Employee Welfare Benefit Trust is registered as a tax-exempt nonprofit (EIN: 222351386). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Subaru Voluntary Employee Welfare Benefit Trust located?
Subaru Voluntary Employee Welfare Benefit Trust is headquartered in Camden, New Jersey and files with the IRS under EIN 222351386.
How many years of IRS 990 filings does Subaru Voluntary Employee Welfare Benefit Trust have?
Subaru Voluntary Employee 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 $43.9M in total revenue.
What does Subaru Voluntary Employee Welfare Benefit Trust do?
Subaru Voluntary Employee Welfare Benefit Trust is a nonprofit organization in the Unknown sector, located in Camden, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Subaru Voluntary Employee Welfare Benefit Trust have?
Subaru Voluntary Employee Welfare Benefit Trust reported total revenue of $43,918,304. Based on 13 IRS 990 filings on record.
What are Subaru Voluntary Employee Welfare Benefit Trust's total assets?
Subaru Voluntary Employee Welfare Benefit Trust holds total assets of $67,349,740 as reported in IRS 990 filings.
Where is Subaru Voluntary Employee Welfare Benefit Trust located?
Subaru Voluntary Employee Welfare Benefit Trust is based in Camden, New Jersey.
What is Subaru Voluntary Employee Welfare Benefit Trust's EIN?
Subaru Voluntary Employee Welfare Benefit Trust's Employer Identification Number (EIN) is 222351386. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Subaru Voluntary Employee Welfare Benefit Trust?
Subaru Voluntary Employee Welfare Benefit Trust is classified under NTEE code Unknown (Unknown).
Is Subaru Voluntary Employee Welfare Benefit Trust a registered 501(c)(3)?
Subaru Voluntary Employee Welfare Benefit Trust appears in IRS records (EIN: 222351386). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Subaru Voluntary Employee Welfare Benefit Trust file IRS Form 990?
Yes, Subaru Voluntary Employee Welfare Benefit Trust has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Subaru Voluntary Employee Welfare Benefit Trust's revenue in 2023?
In the 202312 filing period, Subaru Voluntary Employee Welfare Benefit Trust reported total revenue of $39,947,874, total expenses of $36,763,094, and net assets of $65,608,702.
Is Subaru Voluntary Employee Welfare Benefit Trust's revenue growing or declining?
Subaru Voluntary Employee Welfare Benefit Trust's revenue is growing. Revenue went from $33,000,681 (202212) to $39,947,874 (202312), a +21.1% change. Based on 13 filings on record.
What is Subaru Voluntary Employee Welfare Benefit Trust's most recent 990 filing?
The most recent IRS Form 990 filing for Subaru Voluntary Employee Welfare Benefit Trust covers tax period 202312. It shows revenue of $39,947,874, expenses of $36,763,094, total assets of $65,608,702, and liabilities of N/A.
How much does Subaru Voluntary Employee Welfare Benefit Trust spend on programs vs administration?
Based on IRS 990 analysis, Subaru Voluntary Employee Welfare Benefit Trust allocates approximately 90% of expenses to program services, 10% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is Subaru Voluntary Employee Welfare Benefit Trust a trustworthy charity?
Based on AI analysis of IRS 990 data, Subaru Voluntary Employee Welfare Benefit Trust shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Subaru Voluntary Employee Welfare Benefit Trust?
The following concerns were identified: Lack of detailed program descriptions and beneficiary information in public filings.. Significant 'other expenses' without clear itemization, making it hard to discern the exact nature of expenditures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Subaru Voluntary Employee Welfare Benefit Trust's strengths?
Positive indicators for Subaru Voluntary Employee Welfare Benefit Trust include: Consistent revenue and asset growth over several years, indicating financial stability.. No reported fundraising expenses, suggesting efficient operation without public solicitation.. Appears to be a well-established and consistently funded employee benefit vehicle.. These findings are derived from AI analysis of the organization's financial filings.
How does Subaru Voluntary Employee Welfare Benefit Trust compensate executives?
Executive compensation is not reported, as the trust appears to be managed by a corporate trustee or administrative services, rather than having highly compensated individual executives. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Voluntary Employee Welfare Benefit Trust' designation, what specific types of welfare benefits (e.g., health, disability, life insurance) are provided to Subaru employees, and how are these benefits communicated and accessed?
The public Form 990 filings do not specify the exact types of welfare benefits offered. This information would typically be detailed in plan documents provided directly to eligible Subaru employees, not in public tax filings.
How does the trust ensure that its substantial assets, reported at $67,349,740 in 2023, are optimally managed to maximize benefits for employees while adhering to regulatory requirements for VEBAs?
The Form 990s indicate investment income, but do not detail the investment strategy or governance structure for asset management. This oversight would likely fall under the purview of the trustee and Subaru's internal benefits administration.
Filing History
IRS 990 filing history for Subaru Voluntary Employee Welfare Benefit Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Subaru Voluntary Employee Welfare Benefit Trust's revenue has grown by 213.6%, moving from $12.7M to $39.9M. Total assets increased by 1032.5% over the same period, from $5.8M to $65.6M. Total functional expenses rose by 189%, from $12.7M to $36.8M. In its most recent filing year (2023), Subaru Voluntary Employee Welfare Benefit Trust reported a surplus of $3.2M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39.9M | $36.8M | $65.6M | $0 | — | — |
| 2022 | $33.0M | $32.7M | $58.7M | $0 | — | View 990 |
| 2021 | $32.0M | $30.6M | $71.8M | $0 | — | View 990 |
| 2020 | $30.2M | $27.4M | $63.9M | $0 | — | View 990 |
| 2019 | $31.6M | $27.3M | $59.3M | $0 | — | View 990 |
| 2018 | $29.9M | $28.1M | $49.6M | $0 | — | View 990 |
| 2017 | $26.3M | $2.4M | $51.4M | $0 | — | View 990 |
| 2016 | $22.6M | $21.4M | $45.6M | $0 | — | View 990 |
| 2015 | $21.6M | $20.1M | $43.4M | $0 | — | View 990 |
| 2014 | $18.6M | $17.4M | $43.1M | $0 | — | View 990 |
| 2013 | $50.3M | $15.3M | $40.8M | $0 | — | View 990 |
| 2012 | $14.1M | $14.2M | $5.8M | $0 | — | View 990 |
| 2011 | $12.7M | $12.7M | $5.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39.9M, expenses of $36.8M, and assets of $65.6M (revenue +21.1% year-over-year).
- 2022: Revenue of $33.0M, expenses of $32.7M, and assets of $58.7M (revenue +3.0% year-over-year).
- 2021: Revenue of $32.0M, expenses of $30.6M, and assets of $71.8M (revenue +6.0% year-over-year).
- 2020: Revenue of $30.2M, expenses of $27.4M, and assets of $63.9M (revenue -4.5% year-over-year).
- 2019: Revenue of $31.6M, expenses of $27.3M, and assets of $59.3M (revenue +5.9% year-over-year).
- 2018: Revenue of $29.9M, expenses of $28.1M, and assets of $49.6M (revenue +13.6% year-over-year).
- 2017: Revenue of $26.3M, expenses of $2.4M, and assets of $51.4M (revenue +16.4% year-over-year).
- 2016: Revenue of $22.6M, expenses of $21.4M, and assets of $45.6M (revenue +4.7% year-over-year).
- 2015: Revenue of $21.6M, expenses of $20.1M, and assets of $43.4M (revenue +15.8% year-over-year).
- 2014: Revenue of $18.6M, expenses of $17.4M, and assets of $43.1M (revenue -63.0% year-over-year).
- 2013: Revenue of $50.3M, expenses of $15.3M, and assets of $40.8M (revenue +255.5% year-over-year).
- 2012: Revenue of $14.1M, expenses of $14.2M, and assets of $5.8M (revenue +11.0% year-over-year).
- 2011: Revenue of $12.7M, expenses of $12.7M, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Subaru Voluntary Employee Welfare Benefit Trust:
Data Sources and Methodology
This transparency report for Subaru Voluntary Employee 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.