Wyoming Chambers Health Benefit Association
Wyoming Chambers Health Benefit Association maintains stable finances with no reported officer compensation.
EIN: 208856052 · Gillette, WY · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $5.6M |
| Program Spending | 90% |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is Wyoming Chambers Health Benefit Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wyoming Chambers Health Benefit Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wyoming Chambers Health Benefit Association
Wyoming Chambers Health Benefit Association (EIN: 208856052) is a nonprofit organization based in Gillette, WY, classified under NTEE code S41. The organization reported total revenue of $6.1M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wyoming Chambers Health Benefit Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wyoming Chambers Health Benefit Association is a mid-size nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 99.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $5.6M |
| Surplus / Deficit | +$160K |
| Total Assets | $1.7M |
| Total Liabilities | $337K |
| Net Assets | $1.4M |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 19.6% |
| Months of Reserves | 3.7 months |
Financial Health Grade: A
In 2023, Wyoming Chambers Health Benefit Association reported a surplus of $160K with revenue exceeding expenses, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 19.6% (very low leverage).
Financial Trends
Over 9 years of filings (2014–2023), Wyoming Chambers Health Benefit Association's revenue has grown at a compound annual growth rate (CAGR) of 99.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.1% | -13.5% | -0.9% |
| 2022 | +6.1% | +19.9% | -44.9% |
| 2021 | +10.1% | +17.8% | -3.3% |
| 2020 | +51.9% | +61.0% | +32.3% |
| 2018 | -5.0% | -6.2% | +15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Wyoming Chambers Health Benefit Association 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Wyoming Chambers Health Benefit Association allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $160K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not classified as officer compensation, which is highly favorable for resource allocation to programs.
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 Wyoming Chambers Health Benefit Association:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency in executive pay.
- Steady revenue growth from $4,640,779 in 2020 to $5,755,961 in 2023.
- Decreasing liabilities from $876,800 in 2021 to $337,031 in 2023, showing responsible financial management.
- NTEE code S41 (Health Care Financing, Insurance, and Related Activities) aligns with its mission to provide health benefits, suggesting strong program focus.
Frequently Asked Questions about Wyoming Chambers Health Benefit Association
Is Wyoming Chambers Health Benefit Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Wyoming Chambers Health Benefit Association (EIN: 208856052) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Wyoming Chambers Health Benefit Association spend its money?
Wyoming Chambers Health Benefit Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wyoming Chambers Health Benefit Association tax-deductible?
Wyoming Chambers Health Benefit Association is registered as a tax-exempt nonprofit (EIN: 208856052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wyoming Chambers Health Benefit Association's spending goes to programs?
Wyoming Chambers Health Benefit Association directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wyoming Chambers Health Benefit Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wyoming Chambers Health Benefit Association is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wyoming Chambers Health Benefit Association located?
Wyoming Chambers Health Benefit Association is headquartered in Gillette, Wyoming and files with the IRS under EIN 208856052. It is classified under NTEE code S41.
How many years of IRS 990 filings does Wyoming Chambers Health Benefit Association have?
Wyoming Chambers Health Benefit Association has 9 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 $6.1M in total revenue.
Is Wyoming Chambers Health Benefit Association a good charity?
Based on the available IRS 990 data, the Wyoming Chambers Health Benefit Association appears to be a well-managed organization. Its consistent reporting of 0% officer compensation, along with its primary function in health benefit provision, suggests a strong commitment to its mission and efficient use of resources. The organization's revenue growth and responsible management of liabilities further support this assessment.
How does the organization manage its executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings. This suggests that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator of financial efficiency and transparency.
What is the trend in the organization's financial health?
The organization shows a generally stable financial trend. Revenue has consistently grown from $4,640,779 in 2020 to $5,755,961 in 2023. While assets have fluctuated, liabilities have been managed downwards from $876,800 in 2021 to $337,031 in 2023, indicating prudent financial management.
Filing History
IRS 990 filing history for Wyoming Chambers Health Benefit Association showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2023), Wyoming Chambers Health Benefit Association's revenue has grown by 50152.8%, moving from $11K to $5.8M. Total assets increased by 57883.1% over the same period, from $3K to $1.7M. Total functional expenses rose by 34707.7%, from $16K to $5.6M. In its most recent filing year (2023), Wyoming Chambers Health Benefit Association reported a surplus of $160K, with revenue exceeding expenses. The organization holds $337K in liabilities against $1.7M in assets (debt-to-asset ratio: 19.6%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.8M | $5.6M | $1.7M | $337K | — | View 990 |
| 2022 | $5.4M | $6.5M | $1.7M | $511K | — | View 990 |
| 2021 | $5.1M | $5.4M | $3.2M | $877K | — | — |
| 2020 | $4.6M | $4.6M | $3.3M | $698K | — | — |
| 2018 | $3.1M | $2.8M | $2.5M | $854K | — | View 990 |
| 2017 | $3.2M | $3.0M | $2.1M | $732K | — | View 990 |
| 2016 | $8K | $8K | $2K | $22 | — | View 990 |
| 2015 | $8K | $8K | $1K | $5 | — | View 990 |
| 2014 | $11K | $16K | $3K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.8M, expenses of $5.6M, and assets of $1.7M (revenue +6.1% year-over-year).
- 2022: Revenue of $5.4M, expenses of $6.5M, and assets of $1.7M (revenue +6.1% year-over-year).
- 2021: Revenue of $5.1M, expenses of $5.4M, and assets of $3.2M (revenue +10.1% year-over-year).
- 2020: Revenue of $4.6M, expenses of $4.6M, and assets of $3.3M (revenue +51.9% year-over-year).
- 2018: Revenue of $3.1M, expenses of $2.8M, and assets of $2.5M (revenue -5.0% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.0M, and assets of $2.1M (revenue +40810.1% year-over-year).
- 2016: Revenue of $8K, expenses of $8K, and assets of $2K (revenue -2.5% year-over-year).
- 2015: Revenue of $8K, expenses of $8K, and assets of $1K (revenue -29.6% year-over-year).
- 2014: Revenue of $11K, expenses of $16K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wyoming Chambers Health Benefit Association:
Data Sources and Methodology
This transparency report for Wyoming Chambers Health Benefit Association 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.