Employer Contribution Veba Trust Mills
Nonprofit profile at a glance
- EIN
- 276052434
- IRS 990-EZ coverage
- 2015–2016
- Forms available
- Form 990 2014, Form 990-EZ 2016
- Location
- Charlotte, NC, USA
- Phone
- 8775353910
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $18,632
- Expenses
- $15,211
- Assets
- $393,680
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
1 person listed
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide retiree health benefits to the employer's former employees and their spouses and dependents, although other benefits may be provided as described in the plan document.
What it reported doing in 2016
Health benefits and insurance premiums paid to members.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. Revenue has declined or grown slowly and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 39
- Transparency & Controls: 82
- Sustainability: 74
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.5%; rating input score 63
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 18.4%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 25.88; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -11.9% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: -1% per year; rating input score 0; 39th percentile among comparable filings
Details
- Where the money goes: 62.5% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 7 of 7 current checks pass
- Filing history: 2 filing years from 2015 to 2016
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 12/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.