Trust Agreement For Post Retirement Medical Plan For Union Employees O
Post-Retirement Medical Trust Experiences Significant Asset Decline Amidst Consistent Operating Deficits.
EIN: 10517029 · Orange, CT · NTEE: Y99 · Updated: 2026-03-26
Is Trust Agreement For Post Retirement Medical Plan For Union Employees O Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trust Agreement For Post Retirement Medical Plan For Union Employees O directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trust Agreement For Post Retirement Medical Plan For Union Employees O
Trust Agreement For Post Retirement Medical Plan For Union Employees O (EIN: 10517029) is a nonprofit organization based in Orange, CT, classified under NTEE code Y99. The organization reported total revenue of $7.6M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trust Agreement For Post Retirement Medical Plan For Union Employees O's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Trust Agreement For Post Retirement Medical Plan For Union Employees O with a Mission Score of 45 out of 100 (Fair). 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, Trust Agreement For Post Retirement Medical Plan For Union Employees O 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid from the Trust's funds, which is a positive for cost 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 Trust Agreement For Post Retirement Medical Plan For Union Employees O's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $3.2 million deficit in 2023).
- Sharp decline in total assets over recent years (from $22.2M in 2016 to $6.3M in 2023).
- NTEE code Y99 ('Unknown') suggests a lack of specific categorization, potentially impacting clarity on its exact activities.
Strengths
The following positive indicators were identified for Trust Agreement For Post Retirement Medical Plan For Union Employees O:
- No officer compensation reported, indicating efficient governance in executive pay.
- Likely high program spending ratio, as its primary function is to disburse benefits.
Frequently Asked Questions about Trust Agreement For Post Retirement Medical Plan For Union Employees O
Is Trust Agreement For Post Retirement Medical Plan For Union Employees O a legitimate charity?
Based on AI analysis of IRS 990 filings, Trust Agreement For Post Retirement Medical Plan For Union Employees O (EIN: 10517029) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Trust Agreement For Post Retirement Medical Plan For Union Employees O spend its money?
Trust Agreement For Post Retirement Medical Plan For Union Employees O directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trust Agreement For Post Retirement Medical Plan For Union Employees O tax-deductible?
Trust Agreement For Post Retirement Medical Plan For Union Employees O is registered as a tax-exempt nonprofit (EIN: 10517029). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Trust Agreement For Post Retirement Medical Plan For Union Employees O financially sustainable?
Based on the consistent operating deficits (e.g., $713,380 revenue vs. $3,937,580 expenses in 2023) and the sharp decline in assets from $22.2 million in 2016 to $6.3 million in 2023, the Trust's current financial model appears unsustainable in the long term without significant changes to revenue generation or expense management.
What is the primary purpose of this organization?
As a 'Trust Agreement For Post Retirement Medical Plan For Union Employees O,' its primary purpose is to provide post-retirement medical benefits to union employees, which would constitute its main programmatic activity.
Why are the assets declining so rapidly?
The rapid decline in assets is primarily due to the Trust consistently spending significantly more than it generates in revenue. For example, in 2021, expenses were $8,725,280 against revenue of $1,860,359, leading to a substantial draw-down from its asset base.
Filing History
IRS 990 filing history for Trust Agreement For Post Retirement Medical Plan For Union Employees O showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Trust Agreement For Post Retirement Medical Plan For Union Employees O's revenue has declined by 29.2%, moving from $1.0M to $713K. Total assets decreased by 62.2% over the same period, from $16.8M to $6.3M. Total functional expenses rose by 109643%, from $4K to $3.9M. In its most recent filing year (2023), Trust Agreement For Post Retirement Medical Plan For Union Employees O reported a deficit of $3.2M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $713K | $3.9M | $6.3M | $0 | — | — |
| 2022 | $282K | $3.7M | $9.6M | $0 | — | View 990 |
| 2021 | $1.9M | $8.7M | $12.9M | $0 | — | View 990 |
| 2020 | $2.7M | $2.2M | $19.8M | $0 | — | — |
| 2019 | $1.2M | $2.1M | $19.2M | $0 | — | View 990 |
| 2018 | $768K | $2.3M | $20.1M | $0 | — | View 990 |
| 2017 | $1.7M | $2.3M | $21.6M | $0 | — | View 990 |
| 2016 | $386K | $263K | $22.2M | $0 | — | View 990 |
| 2015 | $1.6M | $1.4M | $22.1M | $0 | — | View 990 |
| 2014 | $1.5M | $2.3M | $21.8M | $0 | — | View 990 |
| 2013 | $1.4M | $500K | $22.6M | $0 | — | View 990 |
| 2012 | $5.1M | $45K | $21.8M | $0 | — | View 990 |
| 2011 | $1.0M | $4K | $16.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $713K, expenses of $3.9M, and assets of $6.3M (revenue +152.9% year-over-year).
- 2022: Revenue of $282K, expenses of $3.7M, and assets of $9.6M (revenue -84.8% year-over-year).
- 2021: Revenue of $1.9M, expenses of $8.7M, and assets of $12.9M (revenue -31.4% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.2M, and assets of $19.8M (revenue +119.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $2.1M, and assets of $19.2M (revenue +61.0% year-over-year).
- 2018: Revenue of $768K, expenses of $2.3M, and assets of $20.1M (revenue -55.6% year-over-year).
- 2017: Revenue of $1.7M, expenses of $2.3M, and assets of $21.6M (revenue +348.0% year-over-year).
- 2016: Revenue of $386K, expenses of $263K, and assets of $22.2M (revenue -76.1% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.4M, and assets of $22.1M (revenue +9.4% year-over-year).
- 2014: Revenue of $1.5M, expenses of $2.3M, and assets of $21.8M (revenue +5.0% year-over-year).
- 2013: Revenue of $1.4M, expenses of $500K, and assets of $22.6M (revenue -72.4% year-over-year).
- 2012: Revenue of $5.1M, expenses of $45K, and assets of $21.8M (revenue +406.0% year-over-year).
- 2011: Revenue of $1.0M, expenses of $4K, and assets of $16.8M.
Data Sources and Methodology
This transparency report for Trust Agreement For Post Retirement Medical Plan For Union Employees O 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.