Is Five Pointe Professional Liability Insurance Company Legit?
Quick charity verification for Five Pointe Professional Liability Insurance Company (EIN: 204191006)
Verdict: Five Pointe Professional Liability Insurance Company appears trustworthy
85/100Mission Score
$153.4MRevenue
$437.3MAssets
1Red Flags
4Strengths
Red Flags
Unusually low (0%) reported officer compensation for an organization of this size, warranting further investigation into compensation structures.
Strengths
Significant and consistent asset growth, from $232.4 million in 2022 to $437.2 million currently, indicating strong financial health.
Substantial revenue growth, particularly from $47.8 million in 2022 to over $153 million currently, demonstrating operational success.
Extensive filing history (13 years) provides good transparency into financial trends.
Consistent reporting of 0% officer compensation, if truly reflective of unpaid leadership, indicates exceptional resource allocation towards its mission.
Spending Breakdown
How Five Pointe Professional Liability Insurance Company allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Five Pointe Professional Liability Insurance Company
Is Five Pointe Professional Liability Insurance Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Five Pointe Professional Liability Insurance Company (EIN: 204191006) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Five Pointe Professional Liability Insurance Company a good charity to donate to?
Five Pointe Professional Liability Insurance Company has a Mission Score of 85/100. Revenue: $153.4M. Assets: $437.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Five Pointe Professional Liability Insurance Company?
The Employer Identification Number (EIN) for Five Pointe Professional Liability Insurance Company is 204191006. 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 Five Pointe Professional Liability Insurance Company spend its money?
Five Pointe Professional Liability Insurance Company allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Five Pointe Professional Liability Insurance Company's tax-exempt status?
You can verify Five Pointe Professional Liability Insurance Company's tax-exempt status using EIN 204191006 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
Five Pointe Professional Liability Insurance Company demonstrates a unique financial profile, operating as a professional liability insurer under a nonprofit structure. Its financial health appears robust, with assets growing significantly from $232.4 million in 2022 to $393 million in 2023, and further to $437.2 million currently. Revenue has also seen substantial growth, particularly between 2022 ($47.8 million) and 2023 ($135.3 million), and currently stands at over $153 million. This growth suggests strong operational activity and market presence within its niche.
Spending efficiency, while not directly broken down into traditional program, administrative, and fundraising categories in the provided data, can be inferred from the relationship between revenue and expenses. For instance, in 2023, expenses ($138.9 million) were slightly higher than revenue ($135.3 million), indicating a period of investment or higher claims payouts. However, in previous years like 2020, revenue ($42.4 million) significantly exceeded expenses ($30.2 million), suggesting periods of strong financial management. The nature of an insurance company means a large portion of 'expenses' are likely claims paid, which directly relate to its mission of providing liability coverage.
Transparency is generally high given the availability of 13 years of IRS 990 filings. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which is highly unusual for an organization of this size and revenue. This could indicate that executive compensation is structured differently (e.g., through a related taxable entity) or that the organization truly operates with unpaid leadership, which would be a significant strength in terms of resource allocation. Further investigation into the specific structure and related entities would be beneficial to fully assess this aspect.