Washington Teachers Union Option 2 Veba Tr
EIN: 306360227 · Washington, DC · NTEE: Y44
| Metric | Value |
|---|---|
| Total Revenue | $38K |
| Total Expenses | $49K |
| Net Assets | $3.6M |
Is Washington Teachers Union Option 2 Veba Tr Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Washington Teachers Union Option 2 Veba Tr
Washington Teachers Union Option 2 Veba Tr (EIN: 306360227) is a nonprofit organization based in Washington, DC, classified under NTEE code Y44. The organization reported total revenue of $38K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington Teachers Union Option 2 Veba Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington Teachers Union Option 2 Veba Tr is a micro nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -38.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $49K |
| Surplus / Deficit | $-25,370 |
| Total Assets | $3.6M |
| Total Liabilities | $6K |
| Net Assets | $3.6M |
| Operating Margin | -108.5% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 886.3 months |
Financial Health Grade: B
In 2023, Washington Teachers Union Option 2 Veba Tr reported a deficit of $25K with expenses exceeding revenue, holds 886.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Washington Teachers Union Option 2 Veba Tr's revenue has declined at a compound annual growth rate (CAGR) of -38.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1161.4% | -64.2% | -0.6% |
| 2022 | -2.9% | -31.2% | -3.5% |
| 2021 | -46.5% | -48.5% | -5.1% |
| 2020 | -20.7% | -24.0% | -8.7% |
| 2019 | +7.5% | -29.1% | -10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Washington Teachers Union Option 2 Veba Tr has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Washington Teachers Union Option 2 Veba Tr with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Washington Teachers Union Option 2 Veba Tr
Is Washington Teachers Union Option 2 Veba Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington Teachers Union Option 2 Veba Tr (EIN: 306360227) insufficient data. 0 red flags identified, 0 strengths noted.
How does Washington Teachers Union Option 2 Veba Tr spend its money?
Detailed spending breakdown data is not yet available for Washington Teachers Union Option 2 Veba Tr. Check back for updated IRS 990 analysis.
Are donations to Washington Teachers Union Option 2 Veba Tr tax-deductible?
Washington Teachers Union Option 2 Veba Tr is registered as a tax-exempt nonprofit (EIN: 306360227). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Washington Teachers Union Option 2 Veba Tr located?
Washington Teachers Union Option 2 Veba Tr is headquartered in Washington, Washington DC and files with the IRS under EIN 306360227. It is classified under NTEE code Y44.
How many years of IRS 990 filings does Washington Teachers Union Option 2 Veba Tr have?
Washington Teachers Union Option 2 Veba Tr has 10 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 $38K in total revenue.
Filing History
IRS 990 filing history for Washington Teachers Union Option 2 Veba Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Washington Teachers Union Option 2 Veba Tr's revenue has declined by 98.7%, moving from $1.8M to $23K. Total assets increased by 280.4% over the same period, from $947K to $3.6M. Total functional expenses fell by 94.9%, from $948K to $49K. In its most recent filing year (2023), Washington Teachers Union Option 2 Veba Tr reported a deficit of $25K, with expenses exceeding revenue. The organization holds $6K in liabilities against $3.6M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $49K | $3.6M | $6K | — | — |
| 2022 | $2K | $136K | $3.6M | $3K | — | — |
| 2021 | $2K | $198K | $3.8M | $2K | — | — |
| 2020 | $4K | $384K | $4.0M | $7K | — | — |
| 2019 | $4K | $506K | $4.3M | $2K | — | View 990 |
| 2018 | $4K | $713K | $4.8M | $965 | — | View 990 |
| 2017 | $5.7M | $726K | $5.6M | $10K | — | — |
| 2016 | $712K | $771K | $848K | $330K | — | View 990 |
| 2015 | $634K | $900K | $873K | $295K | — | View 990 |
| 2014 | $1.8M | $948K | $947K | $104K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $49K, and assets of $3.6M (revenue +1161.4% year-over-year).
- 2022: Revenue of $2K, expenses of $136K, and assets of $3.6M (revenue -2.9% year-over-year).
- 2021: Revenue of $2K, expenses of $198K, and assets of $3.8M (revenue -46.5% year-over-year).
- 2020: Revenue of $4K, expenses of $384K, and assets of $4.0M (revenue -20.7% year-over-year).
- 2019: Revenue of $4K, expenses of $506K, and assets of $4.3M (revenue +7.5% year-over-year).
- 2018: Revenue of $4K, expenses of $713K, and assets of $4.8M (revenue -99.9% year-over-year).
- 2017: Revenue of $5.7M, expenses of $726K, and assets of $5.6M (revenue +707.4% year-over-year).
- 2016: Revenue of $712K, expenses of $771K, and assets of $848K (revenue +12.2% year-over-year).
- 2015: Revenue of $634K, expenses of $900K, and assets of $873K (revenue -64.6% year-over-year).
- 2014: Revenue of $1.8M, expenses of $948K, and assets of $947K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washington Teachers Union Option 2 Veba Tr:
Data Sources and Methodology
This transparency report for Washington Teachers Union Option 2 Veba Tr 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.