Weidmuller Inc Retiree Health Benefits Tr
Retiree Health Benefits Trust Maintains Solvency with Zero Officer Compensation Amidst Fluctuating Assets.
EIN: 146306720 · Westerly, RI · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $26K |
| Program Spending | 100% |
| Net Assets | $318K |
| Transparency Score | 90/100 |
Is Weidmuller Inc Retiree Health Benefits Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Weidmuller Inc Retiree Health Benefits Tr directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Weidmuller Inc Retiree Health Benefits Tr
Weidmuller Inc Retiree Health Benefits Tr (EIN: 146306720) is a nonprofit organization based in Westerly, RI, classified under NTEE code Y43. The organization reported total revenue of $9K and total assets of $225K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Weidmuller Inc Retiree Health Benefits Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Weidmuller Inc Retiree Health Benefits Tr is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $26K |
| Surplus / Deficit | +$23K |
| Total Assets | $318K |
| Net Assets | $318K |
| Operating Margin | 47.5% |
| Months of Reserves | 146.9 months |
Financial Health Grade: A
In 2023, Weidmuller Inc Retiree Health Benefits Tr reported a surplus of $23K with revenue exceeding expenses, holds 146.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Weidmuller Inc Retiree Health Benefits Tr's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.2% | -11.6% | +6.3% |
| 2022 | -1.7% | -20.5% | -69.3% |
| 2021 | -9.8% | -12.5% | +0.7% |
| 2020 | -3.4% | +5.9% | +0.7% |
| 2019 | +1.7% | -14.4% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Weidmuller Inc Retiree Health Benefits Tr 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Weidmuller Inc Retiree Health Benefits Tr 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 $23K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries or other compensation from the trust, which is highly efficient for a benefit-providing organization.
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 Weidmuller Inc Retiree Health Benefits Tr:
- Consistent positive net assets and revenue exceeding expenses in most years, indicating financial stability.
- Zero reported officer compensation across all filings, demonstrating exceptional spending efficiency and low administrative overhead.
- Consistently reports zero liabilities, indicating a very strong balance sheet and no outstanding debts.
- Regularly files IRS Form 990s, showing compliance and transparency in financial reporting.
- Clear and focused mission as a retiree health benefits trust.
Frequently Asked Questions about Weidmuller Inc Retiree Health Benefits Tr
Is Weidmuller Inc Retiree Health Benefits Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Weidmuller Inc Retiree Health Benefits Tr (EIN: 146306720) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Weidmuller Inc Retiree Health Benefits Tr spend its money?
Weidmuller Inc Retiree Health Benefits Tr directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Weidmuller Inc Retiree Health Benefits Tr tax-deductible?
Weidmuller Inc Retiree Health Benefits Tr is registered as a tax-exempt nonprofit (EIN: 146306720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Weidmuller Inc Retiree Health Benefits Tr compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Weidmuller Inc Retiree Health Benefits Tr 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 Weidmuller Inc Retiree Health Benefits Tr located?
Weidmuller Inc Retiree Health Benefits Tr is headquartered in Westerly, Rhode Island and files with the IRS under EIN 146306720. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Weidmuller Inc Retiree Health Benefits Tr have?
Weidmuller Inc Retiree Health Benefits Tr 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 $9K in total revenue.
Is Weidmuller Inc Retiree Health Benefits Tr a good charity?
Based on the available data, the trust appears to be a well-managed entity fulfilling its specific purpose of providing retiree health benefits. It exhibits strong financial health with consistent positive revenue and assets, zero liabilities, and exceptionally low administrative costs due to 0% officer compensation. However, it's not a public charity in the traditional sense but a benefit organization for a specific group.
Why have the assets decreased significantly since 2014?
The trust's assets decreased from $1,780,026 in 2014 to $317,598 in 2023. This could be due to significant benefit payouts to retirees, investment losses, or a combination of factors. Without a detailed breakdown of expenses and investment performance, the exact reason cannot be determined from the provided data.
What are the primary expenses of the trust?
Given its purpose as a retiree health benefits trust and the reported 0% officer compensation, the primary expenses are almost certainly related to the provision of health benefits to retirees. The total expenses have ranged from $25,941 in 2023 to $71,385 in 2015.
Filing History
IRS 990 filing history for Weidmuller Inc Retiree Health Benefits Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Weidmuller Inc Retiree Health Benefits Tr's revenue has declined by 36.7%, moving from $78K to $49K. Total assets decreased by 65.9% over the same period, from $931K to $318K. Total functional expenses fell by 65.4%, from $75K to $26K. In its most recent filing year (2023), Weidmuller Inc Retiree Health Benefits Tr reported a surplus of $23K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $49K | $26K | $318K | $0 | — | — |
| 2022 | $43K | $29K | $299K | $0 | — | — |
| 2021 | $44K | $37K | $973K | $0 | — | — |
| 2020 | $49K | $42K | $966K | $0 | — | — |
| 2019 | $50K | $40K | $959K | $0 | — | View 990 |
| 2018 | $50K | $47K | $949K | $0 | — | View 990 |
| 2017 | $53K | $49K | $946K | $0 | — | View 990 |
| 2016 | $67K | $65K | $941K | $0 | — | View 990 |
| 2015 | $72K | $71K | $939K | $0 | — | View 990 |
| 2014 | $72K | $70K | $1.8M | $0 | — | View 990 |
| 2013 | $73K | $72K | $936K | $0 | — | View 990 |
| 2012 | $78K | $75K | $935K | $0 | — | View 990 |
| 2011 | $78K | $75K | $931K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $49K, expenses of $26K, and assets of $318K (revenue +14.2% year-over-year).
- 2022: Revenue of $43K, expenses of $29K, and assets of $299K (revenue -1.7% year-over-year).
- 2021: Revenue of $44K, expenses of $37K, and assets of $973K (revenue -9.8% year-over-year).
- 2020: Revenue of $49K, expenses of $42K, and assets of $966K (revenue -3.4% year-over-year).
- 2019: Revenue of $50K, expenses of $40K, and assets of $959K (revenue +1.7% year-over-year).
- 2018: Revenue of $50K, expenses of $47K, and assets of $949K (revenue -7.2% year-over-year).
- 2017: Revenue of $53K, expenses of $49K, and assets of $946K (revenue -20.1% year-over-year).
- 2016: Revenue of $67K, expenses of $65K, and assets of $941K (revenue -7.2% year-over-year).
- 2015: Revenue of $72K, expenses of $71K, and assets of $939K (revenue +0.1% year-over-year).
- 2014: Revenue of $72K, expenses of $70K, and assets of $1.8M (revenue -1.4% year-over-year).
- 2013: Revenue of $73K, expenses of $72K, and assets of $936K (revenue -6.4% year-over-year).
- 2012: Revenue of $78K, expenses of $75K, and assets of $935K (revenue +0.0% year-over-year).
- 2011: Revenue of $78K, expenses of $75K, and assets of $931K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Weidmuller Inc Retiree Health Benefits Tr:
Data Sources and Methodology
This transparency report for Weidmuller Inc Retiree Health Benefits 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.