Strong asset base, consistently over $1.5 million, providing financial resilience.
Long filing history (13 filings) demonstrates consistent compliance and transparency.
Spending Breakdown
How Advanced Providers Insurance Risk Retention Group Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Advanced Providers Insurance Risk Retention Group Inc
Is Advanced Providers Insurance Risk Retention Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Advanced Providers Insurance Risk Retention Group Inc (EIN: 201095828) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Advanced Providers Insurance Risk Retention Group Inc a good charity to donate to?
Advanced Providers Insurance Risk Retention Group Inc has a Mission Score of 70/100. Revenue: $123K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Advanced Providers Insurance Risk Retention Group Inc?
The Employer Identification Number (EIN) for Advanced Providers Insurance Risk Retention Group Inc is 201095828. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Advanced Providers Insurance Risk Retention Group Inc spend its money?
Advanced Providers Insurance Risk Retention Group Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Advanced Providers Insurance Risk Retention Group Inc's tax-exempt status?
You can verify Advanced Providers Insurance Risk Retention Group Inc's tax-exempt status using EIN 201095828 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Advanced Providers Insurance Risk Retention Group Inc. operates with a unique financial structure as a risk retention group, which is reflected in its IRS 990 filings. The organization consistently reports zero officer compensation, indicating a volunteer-led or externally managed executive structure, which is a positive sign for minimizing administrative overhead. However, the organization has experienced fluctuating revenues and expenses over the past several years. For instance, in 2023, expenses ($121,864) exceeded revenue ($82,083), leading to a deficit. This trend of expenses sometimes exceeding revenue is also visible in 2022 and 2020, suggesting potential reliance on prior year surpluses or asset drawdowns to cover operational costs.
Despite these fluctuations, the organization maintains substantial assets, consistently above $1.5 million, which provides a strong financial cushion. Liabilities have varied, but the asset base remains robust relative to liabilities, indicating solvency. The NTEE code Y230 (Insurance Providers) suggests its primary function is to provide insurance, which inherently involves managing risk and capital. The lack of detailed program spending breakdown in typical 990 summaries for such entities makes a direct comparison to traditional charities challenging in terms of 'program efficiency' as commonly understood.
Transparency is generally good through its consistent 990 filings, but the nature of a risk retention group means its 'program' spending is inherently tied to its insurance operations and claims, rather than direct charitable services. The consistent reporting of zero officer compensation enhances its transparency profile regarding executive costs.