The Nml Benefit Plans Trust
Nml Benefit Plans Trust maintains substantial assets with minimal expenses and zero officer compensation, experiencing volatile investment-driven revenue.
EIN: 208855795 · Milwaukee, WI · NTEE: Y430 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $996K |
| Total Expenses | $84K |
| Program Spending | 95% |
| Net Assets | $38.0M |
| Transparency Score | 85/100 |
Is The Nml Benefit Plans Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Nml Benefit Plans Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Nml Benefit Plans Trust
The Nml Benefit Plans Trust (EIN: 208855795) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code Y430. The organization reported total revenue of $996K and total assets of $38.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Nml Benefit Plans Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Nml Benefit Plans Trust is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $84K |
| Surplus / Deficit | +$3.9M |
| Total Assets | $38.0M |
| Net Assets | $38.0M |
| Operating Margin | 97.9% |
| Months of Reserves | 5438.2 months |
Financial Health Grade: A
In 2023, The Nml Benefit Plans Trust reported a surplus of $3.9M with revenue exceeding expenses, holds 5438.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2010–2023), The Nml Benefit Plans Trust's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -319.3% | -13.8% | -20.3% |
| 2021 | -28.1% | +9.7% | +9.8% |
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 The Nml Benefit Plans 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, The Nml Benefit Plans Trust 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 surplus of $3.9M, with revenue exceeding expenses.
Executive Compensation Analysis
The Nml Benefit Plans Trust consistently reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through other means not reported as officer compensation, which is highly favorable for financial efficiency.
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 The Nml Benefit Plans Trust's IRS 990 filings:
- Significant revenue volatility, including multiple years of negative revenue, indicating reliance on unpredictable investment returns.
- Lack of detailed information on the specific 'benefit plans' and their beneficiaries within the provided data.
Strengths
The following positive indicators were identified for The Nml Benefit Plans Trust:
- Consistently reports zero officer compensation, demonstrating exceptional fiscal prudence.
- Maintains a substantial asset base (e.g., $38,927,749 in 2023) despite revenue fluctuations.
- Extremely low operational expenses, indicating high spending efficiency.
- Consistent IRS 990 filing history, suggesting good financial transparency.
Frequently Asked Questions about The Nml Benefit Plans Trust
Is The Nml Benefit Plans Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, The Nml Benefit Plans Trust (EIN: 208855795) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does The Nml Benefit Plans Trust spend its money?
The Nml Benefit Plans Trust directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Nml Benefit Plans Trust tax-deductible?
The Nml Benefit Plans Trust is registered as a tax-exempt nonprofit (EIN: 208855795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Nml Benefit Plans Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Nml Benefit Plans Trust is above average for NTEE category Y430 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Nml Benefit Plans Trust located?
The Nml Benefit Plans Trust is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 208855795. It is classified under NTEE code Y430.
How many years of IRS 990 filings does The Nml Benefit Plans Trust have?
The Nml Benefit Plans 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 $996K in total revenue.
What are the specific 'benefit plans' administered by The Nml Benefit Plans Trust?
The provided IRS 990 data does not detail the specific nature of the 'benefit plans' it administers, only that it functions as a trust. Further investigation into its founding documents or website would be necessary.
How does the organization manage its significant revenue volatility, including years of negative revenue?
The significant fluctuations, including negative revenue years (e.g., -$8,612,712 in 2022), suggest its revenue is heavily dependent on investment performance. The trust likely has a long-term investment strategy to weather these market variations, as its asset base remains substantial despite revenue swings.
Given the minimal expenses, how are the 'benefit plans' actually delivered or funded?
With expenses often below $100,000 and even $0 in several years, it implies that the trust primarily acts as a holding and distribution entity. The 'benefit plans' might involve direct payouts from the trust's assets rather than requiring extensive operational overhead for program delivery.
Filing History
IRS 990 filing history for The Nml Benefit Plans Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), The Nml Benefit Plans Trust's revenue has grown by 33%, moving from $3.0M to $4.0M. Total assets increased by 67.4% over the same period, from $22.7M to $38.0M. In its most recent filing year (2023), The Nml Benefit Plans Trust reported a surplus of $3.9M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.0M | $84K | $38.0M | $0 | — | — |
| 2022 | $-8,612,712 | $84K | $34.1M | $0 | — | — |
| 2021 | $3.9M | $97K | $42.8M | $0 | — | View 990 |
| 2020 | $5.5M | $89K | $39.0M | $0 | — | — |
| 2019 | $-5,729,780 | $0 | $33.6M | $0 | — | View 990 |
| 2018 | $-2,098,545 | $0 | $39.3M | $0 | — | View 990 |
| 2017 | $5.6M | $0 | $41.4M | $0 | — | View 990 |
| 2015 | $-38,510 | $0 | $32.5M | $0 | — | View 990 |
| 2014 | $3.3M | $0 | $32.6M | $0 | — | View 990 |
| 2013 | $3.3M | $0 | $3.3M | $0 | — | View 990 |
| 2012 | $3.1M | $0 | $25.9M | $22.9M | — | View 990 |
| 2011 | $153K | $0 | $153K | $0 | — | View 990 |
| 2010 | $3.0M | $0 | $22.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.0M, expenses of $84K, and assets of $38.0M.
- 2022: Revenue of $-8,612,712, expenses of $84K, and assets of $34.1M (revenue -319.3% year-over-year).
- 2021: Revenue of $3.9M, expenses of $97K, and assets of $42.8M (revenue -28.1% year-over-year).
- 2020: Revenue of $5.5M, expenses of $89K, and assets of $39.0M.
- 2019: Revenue of $-5,729,780, expenses of $0, and assets of $33.6M.
- 2018: Revenue of $-2,098,545, expenses of $0, and assets of $39.3M (revenue -137.8% year-over-year).
- 2017: Revenue of $5.6M, expenses of $0, and assets of $41.4M.
- 2015: Revenue of $-38,510, expenses of $0, and assets of $32.5M (revenue -101.2% year-over-year).
- 2014: Revenue of $3.3M, expenses of $0, and assets of $32.6M (revenue -2.3% year-over-year).
- 2013: Revenue of $3.3M, expenses of $0, and assets of $3.3M (revenue +8.9% year-over-year).
- 2012: Revenue of $3.1M, expenses of $0, and assets of $25.9M (revenue +1910.3% year-over-year).
- 2011: Revenue of $153K, expenses of $0, and assets of $153K (revenue -94.9% year-over-year).
- 2010: Revenue of $3.0M, expenses of $0, and assets of $22.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Nml Benefit Plans Trust:
Data Sources and Methodology
This transparency report for The Nml Benefit Plans 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.