Substantial growth in assets from $2,189,036 in 201506 to $5,054,824 in 202312.
Absence of direct officer compensation reported on the 990s, potentially reducing direct administrative overhead for this specific entity.
Spending Breakdown
How Geisinger Insurance Corporation Risk Retention Group allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
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 Geisinger Insurance Corporation Risk Retention Group
Is Geisinger Insurance Corporation Risk Retention Group a legitimate charity?
Based on AI analysis of IRS 990 filings, Geisinger Insurance Corporation Risk Retention Group (EIN: 141909894) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Geisinger Insurance Corporation Risk Retention Group a good charity to donate to?
Geisinger Insurance Corporation Risk Retention Group has a Mission Score of 75/100. Revenue: $2.1M. Assets: $4.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Geisinger Insurance Corporation Risk Retention Group?
The Employer Identification Number (EIN) for Geisinger Insurance Corporation Risk Retention Group is 141909894. 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 Geisinger Insurance Corporation Risk Retention Group spend its money?
Geisinger Insurance Corporation Risk Retention Group allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Geisinger Insurance Corporation Risk Retention Group's tax-exempt status?
You can verify Geisinger Insurance Corporation Risk Retention Group's tax-exempt status using EIN 141909894 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
Geisinger Insurance Corporation Risk Retention Group, classified under NTEE code Y200 (Insurance Providers), demonstrates consistent financial activity with revenues generally exceeding expenses over the past several years. For the period ending 202312, the organization reported revenues of $1,963,126 against expenses of $1,684,727, indicating a surplus. Its asset base has shown significant growth, increasing from $2,189,036 in 201506 to $5,054,824 in 202312, suggesting a healthy accumulation of resources. However, liabilities have also seen a substantial rise, from $393,665 in 201506 to $2,445,549 in 202312, which warrants closer examination to understand the nature of these obligations.
The organization's financial health appears stable, with a consistent ability to generate revenue and manage expenses. The absence of reported officer compensation across all available filings is a notable aspect, suggesting that executive leadership may be compensated through a related entity or that the organization operates with a volunteer or uncompensated leadership structure. This practice, while potentially reducing administrative overhead, can sometimes obscure the full cost of governance if compensation is borne by a parent organization.
Given its classification as a risk retention group, its primary 'program' activity is likely the provision of insurance services to its members. Without detailed functional expense breakdowns, it's challenging to precisely assess spending efficiency in terms of program versus administrative costs. However, the consistent surpluses and asset growth indicate operational stability. The lack of reported officer compensation contributes positively to transparency regarding direct executive costs within this specific entity, though the broader financial relationship with its parent organization (Geisinger) would provide a more complete picture of its overall financial transparency.