Trustees Of Life Benefit Plan 401 K Plan
Trustees Of Life Benefit Plan 401 K Plan consistently manages retirement assets with no reported officer compensation.
EIN: 111708617 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $4.6M |
| Program Spending | 100% |
| Net Assets | $4.5M |
| Transparency Score | 85/100 |
Is Trustees Of Life Benefit Plan 401 K Plan Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trustees Of Life Benefit Plan 401 K Plan directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trustees Of Life Benefit Plan 401 K Plan
Trustees Of Life Benefit Plan 401 K Plan (EIN: 111708617) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $4.9M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trustees Of Life Benefit Plan 401 K Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trustees Of Life Benefit Plan 401 K Plan is a mid-size nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$308K |
| Total Assets | $5.1M |
| Total Liabilities | $537K |
| Net Assets | $4.5M |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 10.6% |
| Months of Reserves | 13.3 months |
Financial Health Grade: A
In 2023, Trustees Of Life Benefit Plan 401 K Plan reported a surplus of $308K with revenue exceeding expenses, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 10.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Trustees Of Life Benefit Plan 401 K Plan's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.9% | -6.4% | +6.9% |
| 2022 | +19.6% | +35.8% | +4.8% |
| 2021 | -6.0% | -14.1% | -2.4% |
| 2020 | -13.2% | +2.3% | +4.8% |
| 2019 | +7.5% | -4.7% | +31.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
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 Trustees Of Life Benefit Plan 401 K Plan 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Trustees Of Life Benefit Plan 401 K Plan 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 $308K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is typical for a 401(k) plan where administrative costs are often covered by plan participants or external service providers.
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 Trustees Of Life Benefit Plan 401 K Plan's IRS 990 filings:
- NTEE Code is unknown, which can make it difficult to categorize and compare with similar organizations, though its name clearly indicates its function as a benefit plan.
Strengths
The following positive indicators were identified for Trustees Of Life Benefit Plan 401 K Plan:
- Consistent asset growth, increasing from $1.16 million in 2014 to $5.05 million in 2023, indicating sound financial management.
- Zero reported officer compensation across all filings, suggesting no direct personal financial benefit to leadership.
- Consistent filing of IRS 990 forms, demonstrating transparency in financial reporting.
- Stable financial operations with revenues generally exceeding or closely matching expenses, leading to asset accumulation.
Frequently Asked Questions about Trustees Of Life Benefit Plan 401 K Plan
Is Trustees Of Life Benefit Plan 401 K Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Trustees Of Life Benefit Plan 401 K Plan (EIN: 111708617) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Trustees Of Life Benefit Plan 401 K Plan spend its money?
Trustees Of Life Benefit Plan 401 K Plan directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trustees Of Life Benefit Plan 401 K Plan tax-deductible?
Trustees Of Life Benefit Plan 401 K Plan is registered as a tax-exempt nonprofit (EIN: 111708617). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Trustees Of Life Benefit Plan 401 K Plan located?
Trustees Of Life Benefit Plan 401 K Plan is headquartered in Brooklyn, New York and files with the IRS under EIN 111708617.
How many years of IRS 990 filings does Trustees Of Life Benefit Plan 401 K Plan have?
Trustees Of Life Benefit Plan 401 K Plan 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 $4.9M in total revenue.
Is Trustees Of Life Benefit Plan 401 K Plan a good charity?
This organization is not a traditional public charity but rather a 401(k) retirement plan. Its 'goodness' should be assessed based on its ability to manage retirement assets effectively and fulfill its fiduciary duties to plan participants, rather than typical charity metrics. The consistent growth in assets and zero officer compensation suggest responsible management of the plan.
What are the primary expenses for this organization?
Given its nature as a 401(k) plan, the primary expenses would likely be related to investment management fees, administrative costs for record-keeping, compliance, and benefit disbursements. The IRS 990 filings show total expenses, but a detailed breakdown of these specific categories would require reviewing the full Form 5500 filings, which are specific to employee benefit plans.
How does the organization's asset growth compare to its revenue?
The organization has shown strong asset growth, increasing from $1.16 million in 2014 to over $5 million in 2023. This growth has generally outpaced its annual revenue, indicating effective investment management and accumulation of plan assets over time, which is a positive sign for a retirement plan.
Filing History
IRS 990 filing history for Trustees Of Life Benefit Plan 401 K Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Trustees Of Life Benefit Plan 401 K Plan's revenue has grown by 110.5%, moving from $2.3M to $4.9M. Total assets increased by 543.3% over the same period, from $786K to $5.1M. Total functional expenses rose by 85.2%, from $2.5M to $4.6M. In its most recent filing year (2023), Trustees Of Life Benefit Plan 401 K Plan reported a surplus of $308K, with revenue exceeding expenses. The organization holds $537K in liabilities against $5.1M in assets (debt-to-asset ratio: 10.6%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $4.6M | $5.1M | $537K | — | — |
| 2022 | $4.8M | $4.9M | $4.7M | $557K | — | View 990 |
| 2021 | $4.0M | $3.6M | $4.5M | $187K | — | View 990 |
| 2020 | $4.2M | $4.2M | $4.6M | $736K | — | View 990 |
| 2019 | $4.9M | $4.1M | $4.4M | $627K | — | — |
| 2018 | $4.5M | $4.3M | $3.4M | $405K | — | View 990 |
| 2017 | $4.4M | $3.9M | $2.9M | $245K | — | View 990 |
| 2016 | $4.1M | $3.5M | $2.4M | $193K | — | View 990 |
| 2015 | $3.7M | $3.1M | $1.7M | $134K | — | View 990 |
| 2014 | $3.2M | $3.0M | $1.2M | $123K | — | View 990 |
| 2013 | $2.9M | $2.8M | $905K | $142K | — | View 990 |
| 2012 | $2.6M | $2.6M | $834K | $221K | — | View 990 |
| 2011 | $2.3M | $2.5M | $786K | $191K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $4.6M, and assets of $5.1M (revenue +1.9% year-over-year).
- 2022: Revenue of $4.8M, expenses of $4.9M, and assets of $4.7M (revenue +19.6% year-over-year).
- 2021: Revenue of $4.0M, expenses of $3.6M, and assets of $4.5M (revenue -6.0% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.2M, and assets of $4.6M (revenue -13.2% year-over-year).
- 2019: Revenue of $4.9M, expenses of $4.1M, and assets of $4.4M (revenue +7.5% year-over-year).
- 2018: Revenue of $4.5M, expenses of $4.3M, and assets of $3.4M (revenue +4.1% year-over-year).
- 2017: Revenue of $4.4M, expenses of $3.9M, and assets of $2.9M (revenue +7.3% year-over-year).
- 2016: Revenue of $4.1M, expenses of $3.5M, and assets of $2.4M (revenue +11.0% year-over-year).
- 2015: Revenue of $3.7M, expenses of $3.1M, and assets of $1.7M (revenue +12.7% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.0M, and assets of $1.2M (revenue +10.8% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.8M, and assets of $905K (revenue +12.2% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.6M, and assets of $834K (revenue +13.1% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.5M, and assets of $786K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trustees Of Life Benefit Plan 401 K Plan:
Data Sources and Methodology
This transparency report for Trustees Of Life Benefit Plan 401 K Plan 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.