Is Great Neck Teachers Association Insurance Trust Fund Legit?
Quick charity verification for Great Neck Teachers Association Insurance Trust Fund (EIN: 112266041)
Verdict: Great Neck Teachers Association Insurance Trust Fund appears trustworthy
90/100Mission Score
$2.4MRevenue
$1.6MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent financial stability with revenues generally covering expenses (e.g., 2023 revenue $2,121,442, expenses $2,098,214).
No reported officer compensation across all filings, indicating efficient use of funds or volunteer leadership.
Healthy asset-to-liability ratio ($1,434,844 assets vs. $372,543 liabilities in 2023).
Long history of consistent IRS 990 filings (13 filings), demonstrating transparency and compliance.
Spending Breakdown
How Great Neck Teachers Association Insurance Trust Fund allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Great Neck Teachers Association Insurance Trust Fund
Is Great Neck Teachers Association Insurance Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Great Neck Teachers Association Insurance Trust Fund (EIN: 112266041) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Great Neck Teachers Association Insurance Trust Fund a good charity to donate to?
Great Neck Teachers Association Insurance Trust Fund has a Mission Score of 90/100. Revenue: $2.4M. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Great Neck Teachers Association Insurance Trust Fund?
The Employer Identification Number (EIN) for Great Neck Teachers Association Insurance Trust Fund is 112266041. 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 Great Neck Teachers Association Insurance Trust Fund spend its money?
Great Neck Teachers Association Insurance Trust Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Great Neck Teachers Association Insurance Trust Fund's tax-exempt status?
You can verify Great Neck Teachers Association Insurance Trust Fund's tax-exempt status using EIN 112266041 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
The Great Neck Teachers Association Insurance Trust Fund appears to be a stable organization primarily focused on providing insurance benefits, as indicated by its consistent revenue and expense patterns over the past decade. In the most recent filing (202306), the organization reported revenues of $2,121,442 against expenses of $2,098,214, demonstrating a near break-even operation typical for an insurance trust. Its assets have fluctuated but remain substantial at $1,434,844 in 2023, with liabilities of $372,543, suggesting a healthy financial position. The consistent reporting of 0% officer compensation across all filings indicates a high degree of transparency regarding executive pay, as it suggests either volunteer leadership or compensation is not reported in this category.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not explicitly provided in the summary data. However, given its nature as an insurance trust, the vast majority of its expenses are likely direct benefit payments, which would be considered program spending. The organization consistently spends close to its revenue, which is expected for a trust fund aiming to cover its members' insurance costs without accumulating excessive surpluses. The absence of reported officer compensation also implies efficient use of funds, as a significant portion is not diverted to high executive salaries.
Overall, the Great Neck Teachers Association Insurance Trust Fund exhibits strong financial health and transparency in its executive compensation reporting. Its consistent operation and asset base suggest it is well-managed to fulfill its purpose. Further detailed expense breakdowns would enhance the assessment of its spending efficiency, but the current data points to a well-run, mission-focused entity.