Is Insurance & Financial Communicators Association Legit?
Quick charity verification for Insurance & Financial Communicators Association (EIN: 131941453)
Verdict: Insurance & Financial Communicators Association appears trustworthy
80/100Mission Score
$0Revenue
$0Assets
2Red Flags
4Strengths
Red Flags
Latest reported revenue and assets are $0, indicating a potential cessation of operations or significant change.
NTEE code is unknown, hindering peer comparison and understanding of its specific charitable purpose.
Strengths
Consistent historical revenue generation (2011-2015) for an organization of its size.
No reported officer compensation across all available filings, indicating highly efficient leadership costs.
Healthy asset growth from $65,646 in 2011 to $109,496 in 2015 (prior to the $0 report), demonstrating financial stability.
No reported liabilities across all available filings, indicating strong financial management and solvency.
Spending Breakdown
How Insurance & Financial Communicators Association allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 & Financial Communicators Association
Is Insurance & Financial Communicators Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Insurance & Financial Communicators Association (EIN: 131941453) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Insurance & Financial Communicators Association a good charity to donate to?
Insurance & Financial Communicators Association has a Mission Score of 80/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Insurance & Financial Communicators Association?
The Employer Identification Number (EIN) for Insurance & Financial Communicators Association is 131941453. 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 & Financial Communicators Association spend its money?
Insurance & Financial Communicators Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Insurance & Financial Communicators Association's tax-exempt status?
You can verify Insurance & Financial Communicators Association's tax-exempt status using EIN 131941453 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 Insurance & Financial Communicators Association appears to be a small, stable organization based on its historical IRS 990 data. With consistent revenues in the range of $160,000 to $186,000 annually from 2011 to 2015, and no reported liabilities, the organization demonstrates sound financial management. Its assets have shown growth over this period, increasing from $65,646 in 2011 to $109,496 in 2015, indicating a healthy reserve. The organization consistently reports 0% officer compensation, which is a positive indicator of volunteer leadership or very low executive pay, contributing to efficient use of funds.
However, the latest reported revenue and assets are $0, which is a significant concern. This could indicate a cessation of operations, a change in reporting status, or an error in the provided data. Without further information, it's difficult to assess the current financial health. Assuming the historical data represents its operational period, the organization generally spent less than or close to its revenue, with the exception of 2013 where expenses ($239,618) significantly exceeded revenue ($186,810), leading to a temporary dip in assets.
Overall, based on the historical data, the organization exhibited good financial stability and efficient spending, particularly with no reported officer compensation. The lack of current financial data (latest revenue and assets at $0) prevents a complete up-to-date assessment and raises questions about its current operational status.