Is Nevada Chapter Of The Risk And Insurance Management Society Inc Legit?
Quick charity verification for Nevada Chapter Of The Risk And Insurance Management Society Inc (EIN: 204968891)
Verdict: Nevada Chapter Of The Risk And Insurance Management Society Inc appears trustworthy
92/100Mission Score
$96KRevenue
$222KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, reaching $211,290 in 2023.
Zero liabilities reported across all available filings, indicating no debt.
0% officer compensation, suggesting volunteer-led operations and high efficiency.
Consistent surplus in most recent years (e.g., $86,266 revenue vs. $72,559 expenses in 2023).
Strong transparency with 14 IRS 990 filings.
Spending Breakdown
How Nevada Chapter Of The Risk And Insurance Management Society Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Nevada Chapter Of The Risk And Insurance Management Society Inc
Is Nevada Chapter Of The Risk And Insurance Management Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nevada Chapter Of The Risk And Insurance Management Society Inc (EIN: 204968891) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Nevada Chapter Of The Risk And Insurance Management Society Inc a good charity to donate to?
Nevada Chapter Of The Risk And Insurance Management Society Inc has a Mission Score of 92/100. Revenue: $96K. Assets: $222K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nevada Chapter Of The Risk And Insurance Management Society Inc?
The Employer Identification Number (EIN) for Nevada Chapter Of The Risk And Insurance Management Society Inc is 204968891. 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 Nevada Chapter Of The Risk And Insurance Management Society Inc spend its money?
Nevada Chapter Of The Risk And Insurance Management Society Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nevada Chapter Of The Risk And Insurance Management Society Inc's tax-exempt status?
You can verify Nevada Chapter Of The Risk And Insurance Management Society Inc's tax-exempt status using EIN 204968891 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 Nevada Chapter Of The Risk And Insurance Management Society Inc demonstrates consistent financial health with a strong asset base relative to its annual revenue. In the latest filing (202312), the organization reported revenue of $86,266 against expenses of $72,559, resulting in a surplus. Its assets have steadily grown from $104,459 in 2014 to $211,290 in 2023, indicating sound financial management and accumulation of reserves. The organization consistently reports zero liabilities, which is a significant strength, showing no debt burden.
The organization's spending efficiency appears robust, especially given that officer compensation is consistently reported as 0% across all available filings. This suggests that the organization is run by volunteers, which significantly reduces administrative overhead. While specific program spending percentages are not detailed in the provided summary, the absence of paid executive staff implies a high proportion of funds likely go towards its mission. The revenue figures show some volatility, with a peak of $323,883 in 2019, but generally stable operations in other years.
Transparency is high due to the consistent filing of IRS Form 990s over 14 periods and the clear reporting of financial metrics. The consistent reporting of 0% officer compensation enhances trust, as it indicates that the organization's leadership is not drawing salaries from its funds. The clear growth in assets and minimal expenses relative to revenue in most years point to a well-managed and financially responsible entity.