Significant revenue volatility in recent years (e.g., $492,319 in 2020 down to $172,329 in 2022, then up to $460,461 in 2024) could indicate reliance on unpredictable funding sources or events.
Strengths
Consistent 0% officer compensation across all filings, indicating strong financial efficiency and dedication to mission.
Stable asset base (e.g., $444,891 latest assets) despite revenue fluctuations, suggesting good financial management.
Effective management of liabilities, generally keeping them at manageable levels (e.g., $59,217 in 2024).
Strong recovery in revenue from 2022 to 2024, demonstrating resilience and adaptability.
Spending Breakdown
How Insurance Collection Executives 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 Insurance Collection Executives
Is Insurance Collection Executives a legitimate charity?
Based on AI analysis of IRS 990 filings, Insurance Collection Executives (EIN: 202823015) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Insurance Collection Executives a good charity to donate to?
Insurance Collection Executives has a Mission Score of 85/100. Revenue: $510K. Assets: $445K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Insurance Collection Executives?
The Employer Identification Number (EIN) for Insurance Collection Executives is 202823015. 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 Insurance Collection Executives spend its money?
Insurance Collection Executives allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Insurance Collection Executives's tax-exempt status?
You can verify Insurance Collection Executives's tax-exempt status using EIN 202823015 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
Insurance Collection Executives (ICE) demonstrates a generally stable financial position, with recent revenue of $510,275 and assets of $444,891. Over the past five years, the organization has experienced fluctuations in revenue and expenses, with a notable dip in revenue in 2021 and 2022, followed by a strong recovery. For example, revenue dropped from $492,319 in 2020 to $192,396 in 2021 and $172,329 in 2022, before rebounding to $350,220 in 2023 and $460,461 in 2024. This volatility suggests potential reliance on specific events or funding cycles. The organization consistently reports 0% officer compensation, which is a positive indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging.
The organization's assets have remained relatively consistent, hovering around the $350,000-$470,000 range over the past decade, indicating prudent financial management in maintaining reserves. Liabilities have also been managed effectively, typically staying below $60,000 in recent years. The consistent reporting of 0% officer compensation across all available filings is a significant strength in terms of transparency and resource allocation. To further enhance transparency, a more detailed functional expense breakdown would be beneficial for external stakeholders to understand how funds are allocated across programs, administration, and fundraising efforts.