Quick charity verification for Supplemental Health Insurance Program (EIN: 132892895)
Verdict: Supplemental Health Insurance Program appears trustworthy
92/100Mission Score
$11.2MRevenue
$18.9MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation for an organization with over $11M in revenue could indicate a lack of transparency in how executive leadership is compensated, or a highly unusual operational model that warrants further investigation.
Strengths
Consistent positive net income, with revenue generally exceeding expenses (e.g., $11,061,196 revenue vs. $10,658,409 expenses in 2023).
Strong and growing asset base, increasing from $14,550,995 in 2014 to $18,688,380 in 2023.
Low liabilities relative to assets, indicating strong financial stability (e.g., $452,031 liabilities vs. $18,688,380 assets in 2023).
No reported officer compensation across all filings, suggesting a high proportion of funds are directed towards programmatic activities or a unique leadership compensation structure.
Spending Breakdown
How Supplemental Health Insurance Program allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Supplemental Health Insurance Program
Is Supplemental Health Insurance Program a legitimate charity?
Based on AI analysis of IRS 990 filings, Supplemental Health Insurance Program (EIN: 132892895) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Supplemental Health Insurance Program a good charity to donate to?
Supplemental Health Insurance Program has a Mission Score of 92/100. Revenue: $11.2M. Assets: $18.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Supplemental Health Insurance Program?
The Employer Identification Number (EIN) for Supplemental Health Insurance Program is 132892895. 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 Supplemental Health Insurance Program spend its money?
Supplemental Health Insurance Program allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Supplemental Health Insurance Program's tax-exempt status?
You can verify Supplemental Health Insurance Program's tax-exempt status using EIN 132892895 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
Supplemental Health Insurance Program demonstrates consistent financial stability with revenues generally exceeding expenses, as seen in 2023 with $11,061,196 in revenue against $10,658,409 in expenses. The organization maintains a healthy asset base, growing from $14,550,995 in 2014 to $18,688,380 in 2023, indicating sound financial management and reserves. Liabilities are consistently low relative to assets, suggesting a strong balance sheet and minimal financial risk.
The organization's spending efficiency appears strong, particularly given the consistent positive net income in most years. The absence of reported officer compensation across all filings is a significant indicator of efficient use of funds, likely directing a larger proportion of resources towards its programmatic mission. This also points to a high degree of transparency regarding executive remuneration, or a structure where executive roles are unpaid or compensated through other means not captured as 'officer compensation' on the 990.
Overall, Supplemental Health Insurance Program exhibits robust financial health and a commitment to efficient resource allocation. The consistent growth in assets and controlled liabilities, combined with a lack of reported officer compensation, suggests a well-managed and financially prudent organization. Further analysis of program-specific spending would provide deeper insights into its direct impact.