Is Association Of Insurance Compliance Professionals Legit?
Quick charity verification for Association Of Insurance Compliance Professionals (EIN: 222912483)
Verdict: Association Of Insurance Compliance Professionals appears trustworthy
75/100Mission Score
$1.0MRevenue
$1.7MAssets
2Red Flags
3Strengths
Red Flags
Consistent reporting of $0 executive compensation raises questions about the true compensation structure or if key roles are entirely volunteer-based.
Lack of detailed program expense breakdown makes it difficult to assess the efficiency and impact of program spending.
Strengths
Strong and growing asset base, reaching $1,683,037 in 2023, provides financial stability.
Consistent revenue generation, with 2023 revenue at $1,026,330, demonstrates a stable funding model.
Positive net assets and low liabilities indicate sound financial management.
AI Transparency Report
Association Of Insurance Compliance Professionals is a unknown nonprofit based in Wakefield, Massachusetts, with reported revenue of $1.0M and assets of $1.7M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. Executive compensation is reported as $0 across all available filings, which is highly uncommon and warrants further investigation to understand how leadership is compensated or if this reflects a volunteer-led structure. Revenue has grown +9% across 13 filing periods.