Is Massachusetts Life And Health Insurance Guaranty Association Legit?
Quick charity verification for Massachusetts Life And Health Insurance Guaranty Association (EIN: 222994116)
Verdict: Massachusetts Life And Health Insurance Guaranty Association appears trustworthy
75/100Mission Score
$120.7MRevenue
$138.7MAssets
3Red Flags
2Strengths
Red Flags
The sudden and massive increase in revenue from $38,283 in 2022 to $15,001,926 in 2023 without a corresponding increase in expenses or assets raises questions about the nature of these funds.
Consistent reporting of $0 for compensation across all years, despite significant revenue and assets, could indicate that compensation is being paid through an undisclosed related entity or that the organization is entirely volunteer-run at the executive level.
The 'x' value (expenses) of $460,952 in 2023 is disproportionately low compared to the $15,001,926 revenue, suggesting that most of the revenue is not being spent on operational activities or programs in the same year.
Strengths
The organization maintains a strong asset base, with assets growing from $3,778,679 in 2022 to $18,372,444 in 2023, indicating financial stability.
The consistent reporting of $0 in compensation could be a strength if it genuinely reflects a highly efficient, volunteer-driven model, maximizing resources for its mission.
Spending Breakdown
How Massachusetts Life And Health Insurance Guaranty Association allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Massachusetts Life And Health Insurance Guaranty Association
Is Massachusetts Life And Health Insurance Guaranty Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Massachusetts Life And Health Insurance Guaranty Association (EIN: 222994116) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 2 strengths noted.
Is Massachusetts Life And Health Insurance Guaranty Association a good charity to donate to?
Massachusetts Life And Health Insurance Guaranty Association has a Mission Score of 75/100. Revenue: $120.7M. Assets: $138.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Massachusetts Life And Health Insurance Guaranty Association?
The Employer Identification Number (EIN) for Massachusetts Life And Health Insurance Guaranty Association is 222994116. 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 Massachusetts Life And Health Insurance Guaranty Association spend its money?
Massachusetts Life And Health Insurance Guaranty Association allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Massachusetts Life And Health Insurance Guaranty Association's tax-exempt status?
You can verify Massachusetts Life And Health Insurance Guaranty Association's tax-exempt status using EIN 222994116 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
Massachusetts Life And Health Insurance Guaranty Association is a mutual & membership benefit nonprofit based in Springfield, Massachusetts, with reported revenue of $120.7M and assets of $138.7M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 90% of spending goes to programs, 5% to administration, and 5% to fundraising. Executive compensation is consistently reported as $0 across all available filings, which is highly unusual for an organization managing assets of $18,372,444 in 2023 and suggests a volunteer-led or externally managed operational model. Revenue has grown +1623% across 13 filing periods.