Veba For Retirees Of Kaiser Aluminum
Veba For Retirees Of Kaiser Aluminum maintains substantial assets to cover retiree benefits, with no reported officer compensation.
EIN: 201203429 · Pittsburgh, PA · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $45.0M |
| Total Expenses | $34.5M |
| Program Spending | 95% |
| Net Assets | $845.0M |
| Transparency Score | 90/100 |
Is Veba For Retirees Of Kaiser Aluminum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Veba For Retirees Of Kaiser Aluminum directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Veba For Retirees Of Kaiser Aluminum
Veba For Retirees Of Kaiser Aluminum (EIN: 201203429) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code Y43. The organization reported total revenue of $45.0M and total assets of $870.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veba For Retirees Of Kaiser Aluminum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Veba For Retirees Of Kaiser Aluminum is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.1M |
| Total Expenses | $34.5M |
| Surplus / Deficit | $-11,397,521 |
| Total Assets | $845.4M |
| Total Liabilities | $353K |
| Net Assets | $845.0M |
| Operating Margin | -49.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 294.4 months |
Financial Health Grade: B
In 2023, Veba For Retirees Of Kaiser Aluminum reported a deficit of $11.4M with expenses exceeding revenue, holds 294.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Veba For Retirees Of Kaiser Aluminum's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +68.2% | +6.4% | +6.0% |
| 2022 | -73.4% | +0.6% | -14.3% |
| 2021 | +241.9% | +2.2% | +4.4% |
| 2020 | -89.7% | -3.8% | +6.2% |
| 2019 | +1587.5% | +12.1% | +10.4% |
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 Veba For Retirees Of Kaiser Aluminum with a Mission Score of 90 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, Veba For Retirees Of Kaiser Aluminum 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 deficit of $11.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly favorable for a VEBA focused on retiree benefits.
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 Veba For Retirees Of Kaiser Aluminum's IRS 990 filings:
- Significant annual deficits (expenses exceeding revenue) in multiple years, such as 2023 ($34.4M expenses vs $23.0M revenue) and 2022 ($32.3M expenses vs $13.7M revenue), indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Veba For Retirees Of Kaiser Aluminum:
- Consistently high asset base, reaching $870,409,844, providing strong financial security for beneficiaries.
- Zero reported officer compensation across all filings, indicating efficient use of funds directly for the mission.
- Consistent filing history (13 filings) demonstrates good transparency and compliance.
- Low liabilities relative to assets, indicating strong solvency and financial management.
Frequently Asked Questions about Veba For Retirees Of Kaiser Aluminum
Is Veba For Retirees Of Kaiser Aluminum a legitimate charity?
Based on AI analysis of IRS 990 filings, Veba For Retirees Of Kaiser Aluminum (EIN: 201203429) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Veba For Retirees Of Kaiser Aluminum spend its money?
Veba For Retirees Of Kaiser Aluminum directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Veba For Retirees Of Kaiser Aluminum tax-deductible?
Veba For Retirees Of Kaiser Aluminum is registered as a tax-exempt nonprofit (EIN: 201203429). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Veba For Retirees Of Kaiser Aluminum compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Veba For Retirees Of Kaiser Aluminum 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 Veba For Retirees Of Kaiser Aluminum located?
Veba For Retirees Of Kaiser Aluminum is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 201203429. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Veba For Retirees Of Kaiser Aluminum have?
Veba For Retirees Of Kaiser Aluminum 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 $45.0M in total revenue.
How does Veba For Retirees Of Kaiser Aluminum manage its investment portfolio to sustain long-term benefit payouts?
While the filings show significant assets, the specific investment strategies are not detailed in the provided summary. Given the large asset base and consistent expenses, effective investment management is crucial for the organization's long-term solvency.
What are the primary drivers of the significant fluctuations in annual revenue?
Revenue fluctuations, such as $145.7 million in 2019 versus $8.6 million in 2018, could be due to investment returns, specific contributions, or other financial events. Further investigation into the revenue sources would be needed to understand these variations.
Are there any specific eligibility criteria or benefit structures that impact the annual expenses?
As a VEBA, expenses are directly tied to benefit payouts. The specific criteria for retirees of Kaiser Aluminum and the structure of their benefits would dictate the annual expense levels, which are consistently in the $20-$30 million range.
Filing History
IRS 990 filing history for Veba For Retirees Of Kaiser Aluminum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Veba For Retirees Of Kaiser Aluminum's revenue has declined by 57%, moving from $53.6M to $23.1M. Total assets increased by 40.1% over the same period, from $603.6M to $845.4M. Total functional expenses rose by 77.2%, from $19.4M to $34.5M. In its most recent filing year (2023), Veba For Retirees Of Kaiser Aluminum reported a deficit of $11.4M, with expenses exceeding revenue. The organization holds $353K in liabilities against $845.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $845.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.1M | $34.5M | $845.4M | $353K | — | — |
| 2022 | $13.7M | $32.4M | $797.4M | $26K | — | View 990 |
| 2021 | $51.5M | $32.2M | $930.5M | $16K | — | View 990 |
| 2020 | $15.1M | $31.5M | $891.4M | $34K | — | — |
| 2019 | $145.8M | $32.8M | $839.8M | $53K | — | View 990 |
| 2018 | $8.6M | $29.2M | $760.6M | $59K | — | View 990 |
| 2017 | $39.6M | $26.6M | $809.1M | $55K | — | View 990 |
| 2016 | $13.0M | $26.7M | $756.0M | $157K | — | View 990 |
| 2015 | $25.9M | $23.2M | $722.7M | $256K | — | View 990 |
| 2014 | $29.4M | $22.4M | $732.7M | $177K | — | View 990 |
| 2013 | $91.2M | $19.3M | $720.3M | $1.8M | — | View 990 |
| 2012 | $80.0M | $19.5M | $688.5M | $2.1M | — | View 990 |
| 2011 | $53.6M | $19.4M | $603.6M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.1M, expenses of $34.5M, and assets of $845.4M (revenue +68.2% year-over-year).
- 2022: Revenue of $13.7M, expenses of $32.4M, and assets of $797.4M (revenue -73.4% year-over-year).
- 2021: Revenue of $51.5M, expenses of $32.2M, and assets of $930.5M (revenue +241.9% year-over-year).
- 2020: Revenue of $15.1M, expenses of $31.5M, and assets of $891.4M (revenue -89.7% year-over-year).
- 2019: Revenue of $145.8M, expenses of $32.8M, and assets of $839.8M (revenue +1587.5% year-over-year).
- 2018: Revenue of $8.6M, expenses of $29.2M, and assets of $760.6M (revenue -78.2% year-over-year).
- 2017: Revenue of $39.6M, expenses of $26.6M, and assets of $809.1M (revenue +203.9% year-over-year).
- 2016: Revenue of $13.0M, expenses of $26.7M, and assets of $756.0M (revenue -49.7% year-over-year).
- 2015: Revenue of $25.9M, expenses of $23.2M, and assets of $722.7M (revenue -12.1% year-over-year).
- 2014: Revenue of $29.4M, expenses of $22.4M, and assets of $732.7M (revenue -67.7% year-over-year).
- 2013: Revenue of $91.2M, expenses of $19.3M, and assets of $720.3M (revenue +13.9% year-over-year).
- 2012: Revenue of $80.0M, expenses of $19.5M, and assets of $688.5M (revenue +49.3% year-over-year).
- 2011: Revenue of $53.6M, expenses of $19.4M, and assets of $603.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veba For Retirees Of Kaiser Aluminum:
Data Sources and Methodology
This transparency report for Veba For Retirees Of Kaiser Aluminum 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.