Transwestern Pipeline Co Llc Veba
Transwestern Pipeline Co Llc Veba maintains strong asset growth and zero liabilities with no reported officer compensation.
EIN: 206819757 · Des Moines, IA · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $253K |
| Total Expenses | $165K |
| Program Spending | 100% |
| CEO/Top Officer Pay | $7.69 |
| Net Assets | $7.5M |
| Transparency Score | 95/100 |
Is Transwestern Pipeline Co Llc Veba Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Transwestern Pipeline Co Llc Veba directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Transwestern Pipeline Co Llc Veba
Transwestern Pipeline Co Llc Veba (EIN: 206819757) is a nonprofit organization based in Des Moines, IA, classified under NTEE code Y43. The organization reported total revenue of $253K and total assets of $7.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Transwestern Pipeline Co Llc Veba's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Transwestern Pipeline Co Llc Veba is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $235K |
| Total Expenses | $165K |
| Surplus / Deficit | +$69K |
| Total Assets | $7.5M |
| Net Assets | $7.5M |
| Operating Margin | 29.5% |
| Months of Reserves | 547.2 months |
Financial Health Grade: A
In 2023, Transwestern Pipeline Co Llc Veba reported a surplus of $69K with revenue exceeding expenses, holds 547.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Transwestern Pipeline Co Llc Veba's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.4% | +32.2% | +0.9% |
| 2022 | -76.2% | +14.8% | +0.4% |
| 2021 | -3.5% | -10.6% | +8.3% |
| 2020 | +0.1% | -9.6% | +9.3% |
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 Transwestern Pipeline Co Llc Veba 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Transwestern Pipeline Co Llc Veba allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $69K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the organization, which is highly unusual for an organization of its asset size ($7.69 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 Transwestern Pipeline Co Llc Veba's IRS 990 filings:
- Significant year-to-year revenue volatility, including a negative revenue year in 2018 (-$226,433).
Strengths
The following positive indicators were identified for Transwestern Pipeline Co Llc Veba:
- Consistent asset growth, reaching $7,693,386 in latest filing.
- Zero reported liabilities across all filings, indicating strong financial health.
- 0% officer compensation reported, maximizing funds for its intended purpose.
- Expenses consistently well below revenue in most periods, leading to asset accumulation.
- High financial efficiency due to minimal administrative overhead.
Frequently Asked Questions about Transwestern Pipeline Co Llc Veba
Is Transwestern Pipeline Co Llc Veba a legitimate charity?
Based on AI analysis of IRS 990 filings, Transwestern Pipeline Co Llc Veba (EIN: 206819757) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Transwestern Pipeline Co Llc Veba spend its money?
Transwestern Pipeline Co Llc Veba directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Transwestern Pipeline Co Llc Veba tax-deductible?
Transwestern Pipeline Co Llc Veba is registered as a tax-exempt nonprofit (EIN: 206819757). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Transwestern Pipeline Co Llc Veba CEO make?
Transwestern Pipeline Co Llc Veba's highest-compensated officer earns $7.69 annually. The organization reported $253K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Transwestern Pipeline Co Llc Veba compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Transwestern Pipeline Co Llc Veba 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 Transwestern Pipeline Co Llc Veba located?
Transwestern Pipeline Co Llc Veba is headquartered in Des Moines, Iowa and files with the IRS under EIN 206819757. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Transwestern Pipeline Co Llc Veba have?
Transwestern Pipeline Co Llc Veba 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 $253K in total revenue.
What is the primary purpose of Transwestern Pipeline Co Llc Veba?
As a VEBA (Voluntary Employees' Beneficiary Association) with NTEE code Y43, its primary purpose is to provide health and welfare benefits to employees and their dependents, rather than traditional charitable programs.
How does the organization manage to have zero officer compensation?
The organization likely operates with volunteer leadership or its administrative functions are handled by an external entity or the sponsoring employer, as no compensation for officers is reported in any filing.
Is the fluctuating revenue a concern?
While revenue fluctuates significantly, including a negative revenue year in 2018, the consistent growth in assets and zero liabilities suggest that the organization effectively manages its finances and investments to maintain long-term stability and fulfill its obligations.
Filing History
IRS 990 filing history for Transwestern Pipeline Co Llc Veba showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Transwestern Pipeline Co Llc Veba's revenue has declined by 51.5%, moving from $484K to $235K. Total assets increased by 109.7% over the same period, from $3.6M to $7.5M. Total functional expenses fell by 63.5%, from $453K to $165K. In its most recent filing year (2023), Transwestern Pipeline Co Llc Veba reported a surplus of $69K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $235K | $165K | $7.5M | $0 | — | View 990 |
| 2022 | $162K | $125K | $7.5M | $0 | — | View 990 |
| 2021 | $682K | $109K | $7.4M | $0 | — | View 990 |
| 2020 | $706K | $122K | $6.9M | $0 | — | — |
| 2019 | $705K | $135K | $6.3M | $0 | — | View 990 |
| 2018 | $-226,433 | $296K | $5.7M | $0 | — | View 990 |
| 2017 | $1.5M | $206K | $5.3M | $0 | — | View 990 |
| 2016 | $797K | $167K | $4.9M | $0 | — | View 990 |
| 2015 | $556K | $110K | $4.3M | $0 | — | View 990 |
| 2014 | $153K | $302K | $3.9M | $0 | — | View 990 |
| 2013 | $452K | $598K | $3.9M | $0 | — | View 990 |
| 2012 | $379K | $526K | $3.8M | $0 | — | View 990 |
| 2011 | $533K | $417K | $3.7M | $0 | — | View 990 |
| 2010 | $484K | $453K | $3.6M | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $235K, expenses of $165K, and assets of $7.5M (revenue +44.4% year-over-year).
- 2022: Revenue of $162K, expenses of $125K, and assets of $7.5M (revenue -76.2% year-over-year).
- 2021: Revenue of $682K, expenses of $109K, and assets of $7.4M (revenue -3.5% year-over-year).
- 2020: Revenue of $706K, expenses of $122K, and assets of $6.9M (revenue +0.1% year-over-year).
- 2019: Revenue of $705K, expenses of $135K, and assets of $6.3M.
- 2018: Revenue of $-226,433, expenses of $296K, and assets of $5.7M (revenue -114.7% year-over-year).
- 2017: Revenue of $1.5M, expenses of $206K, and assets of $5.3M (revenue +93.4% year-over-year).
- 2016: Revenue of $797K, expenses of $167K, and assets of $4.9M (revenue +43.4% year-over-year).
- 2015: Revenue of $556K, expenses of $110K, and assets of $4.3M (revenue +262.5% year-over-year).
- 2014: Revenue of $153K, expenses of $302K, and assets of $3.9M (revenue -66.1% year-over-year).
- 2013: Revenue of $452K, expenses of $598K, and assets of $3.9M (revenue +19.2% year-over-year).
- 2012: Revenue of $379K, expenses of $526K, and assets of $3.8M (revenue -28.9% year-over-year).
- 2011: Revenue of $533K, expenses of $417K, and assets of $3.7M (revenue +10.2% year-over-year).
- 2010: Revenue of $484K, expenses of $453K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Transwestern Pipeline Co Llc Veba:
Data Sources and Methodology
This transparency report for Transwestern Pipeline Co Llc Veba 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.