Unitil Union Voluntary Employee Benefit Trust
Unitil Union Voluntary Employee Benefit Trust consistently grows assets with zero officer compensation and low liabilities.
EIN: 204391011 · Hampton, NH · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.4M |
| Total Expenses | $1.5M |
| Program Spending | 100% |
| CEO/Top Officer Pay | $22 |
| Net Assets | $22.0M |
| Transparency Score | 95/100 |
Is Unitil Union Voluntary Employee Benefit Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Unitil Union Voluntary Employee Benefit Trust directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Unitil Union Voluntary Employee Benefit Trust
Unitil Union Voluntary Employee Benefit Trust (EIN: 204391011) is a nonprofit organization based in Hampton, NH, classified under NTEE code Y43. The organization reported total revenue of $6.4M and total assets of $24.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Unitil Union Voluntary Employee Benefit Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Unitil Union Voluntary Employee Benefit Trust is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 35.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$2.5M |
| Total Assets | $22.0M |
| Net Assets | $22.0M |
| Operating Margin | 62.1% |
| Months of Reserves | 175.1 months |
Financial Health Grade: A
In 2023, Unitil Union Voluntary Employee Benefit Trust reported a surplus of $2.5M with revenue exceeding expenses, holds 175.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Unitil Union Voluntary Employee Benefit Trust's revenue has grown at a compound annual growth rate (CAGR) of 35.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.8% | -12.8% | +12.6% |
| 2022 | +10.8% | +28.1% | +54.3% |
| 2021 | +187.6% | +7.3% | +101.0% |
| 2020 | +10.4% | -4.2% | +28.4% |
| 2019 | +51.6% | +1.6% | +34.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Unitil Union Voluntary Employee Benefit Trust 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, Unitil Union Voluntary Employee Benefit Trust 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 $2.5M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the trust. This is highly unusual for an organization of its size, with assets exceeding $22 million, and suggests a very efficient use of funds directly for its beneficiaries.
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.
Strengths
The following positive indicators were identified for Unitil Union Voluntary Employee Benefit Trust:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- Significant asset growth from $2.3M in 2014 to $22M in 2023.
- Consistently low to zero liabilities, demonstrating strong financial stability.
- Expenses consistently well below revenue, allowing for asset accumulation.
- Strong financial health and stewardship over a decade.
Frequently Asked Questions about Unitil Union Voluntary Employee Benefit Trust
Is Unitil Union Voluntary Employee Benefit Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Unitil Union Voluntary Employee Benefit Trust (EIN: 204391011) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Unitil Union Voluntary Employee Benefit Trust spend its money?
Unitil Union Voluntary Employee Benefit Trust directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Unitil Union Voluntary Employee Benefit Trust tax-deductible?
Unitil Union Voluntary Employee Benefit Trust is registered as a tax-exempt nonprofit (EIN: 204391011). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Unitil Union Voluntary Employee Benefit Trust CEO make?
Unitil Union Voluntary Employee Benefit Trust's highest-compensated officer earns $22 annually. The organization reported $6.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Unitil Union Voluntary Employee Benefit Trust compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Unitil Union Voluntary Employee Benefit Trust 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 Unitil Union Voluntary Employee Benefit Trust located?
Unitil Union Voluntary Employee Benefit Trust is headquartered in Hampton, New Hampshire and files with the IRS under EIN 204391011. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Unitil Union Voluntary Employee Benefit Trust have?
Unitil Union Voluntary Employee 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 $6.4M in total revenue.
Is Unitil Union Voluntary Employee Benefit Trust a good charity?
Based on the provided financial data, the Unitil Union Voluntary Employee Benefit Trust appears to be a very well-managed and efficient organization. It consistently reports 0% officer compensation, maintains low to zero liabilities, and has significantly grown its assets over the past decade, indicating strong financial stewardship and a direct focus on its purpose.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $2,307,492 in 2014 to $22,042,076 in 2023. Revenue has seen substantial growth and fluctuations, while expenses have remained relatively stable and well below revenue, contributing to this asset accumulation.
What is the trend in the organization's liabilities?
The organization consistently reports zero liabilities in most recent filings (2023, 2022, 2018, 2017, 2016, 2015, 2014), with only minor liabilities in 2021 ($14,192), 2020 ($76,116), and 2019 ($127,824). This indicates a very strong and stable financial position with minimal debt.
Filing History
IRS 990 filing history for Unitil Union Voluntary Employee Benefit Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Unitil Union Voluntary Employee Benefit Trust's revenue has grown by 3555%, moving from $109K to $4.0M. Total assets increased by 2242.7% over the same period, from $941K to $22.0M. Total functional expenses rose by 86.1%, from $812K to $1.5M. In its most recent filing year (2023), Unitil Union Voluntary Employee Benefit Trust reported a surplus of $2.5M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.0M | $1.5M | $22.0M | $0 | — | — |
| 2022 | $8.6M | $1.7M | $19.6M | $0 | — | View 990 |
| 2021 | $7.8M | $1.4M | $12.7M | $14K | — | View 990 |
| 2020 | $2.7M | $1.3M | $6.3M | $76K | — | View 990 |
| 2019 | $2.5M | $1.3M | $4.9M | $128K | — | — |
| 2018 | $1.6M | $1.3M | $3.6M | $0 | — | View 990 |
| 2017 | $1.8M | $1.3M | $3.3M | $0 | — | View 990 |
| 2016 | $1.6M | $1.4M | $2.8M | $0 | — | View 990 |
| 2015 | $1.6M | $1.3M | $2.6M | $0 | — | View 990 |
| 2014 | $1.4M | $1.2M | $2.3M | $0 | — | View 990 |
| 2013 | $2.2M | $953K | $2.1M | $0 | — | View 990 |
| 2012 | $1.0M | $1.2M | $855K | $66K | — | View 990 |
| 2011 | $109K | $812K | $941K | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.0M, expenses of $1.5M, and assets of $22.0M (revenue -53.8% year-over-year).
- 2022: Revenue of $8.6M, expenses of $1.7M, and assets of $19.6M (revenue +10.8% year-over-year).
- 2021: Revenue of $7.8M, expenses of $1.4M, and assets of $12.7M (revenue +187.6% year-over-year).
- 2020: Revenue of $2.7M, expenses of $1.3M, and assets of $6.3M (revenue +10.4% year-over-year).
- 2019: Revenue of $2.5M, expenses of $1.3M, and assets of $4.9M (revenue +51.6% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.3M, and assets of $3.6M (revenue -10.6% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.3M, and assets of $3.3M (revenue +13.1% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.4M, and assets of $2.8M (revenue +1.7% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.3M, and assets of $2.6M (revenue +9.0% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.2M, and assets of $2.3M (revenue -35.0% year-over-year).
- 2013: Revenue of $2.2M, expenses of $953K, and assets of $2.1M (revenue +114.3% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.2M, and assets of $855K (revenue +850.3% year-over-year).
- 2011: Revenue of $109K, expenses of $812K, and assets of $941K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Unitil Union Voluntary Employee Benefit Trust:
Data Sources and Methodology
This transparency report for Unitil Union Voluntary Employee 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.