Is The Life And Health Insurance Company Guaranty Corporation Of Ne Legit?
Quick charity verification for The Life And Health Insurance Company Guaranty Corporation Of Ne (EIN: 133528849)
Verdict: The Life And Health Insurance Company Guaranty Corporation Of Ne appears trustworthy
85/100Mission Score
$28.1MRevenue
$31.5MAssets
3Red Flags
3Strengths
Red Flags
Discrepancy between 'Latest Revenue' and most recent filing's revenue, requiring clarification.
Consistent 0% officer compensation, which is unusual for an organization with significant assets and operations, potentially obscuring executive remuneration.
NTEE Code is unknown, making it difficult to benchmark against similar organizations.
Strengths
Consistently reports $0 in liabilities across all filings, indicating strong financial solvency.
Maintains positive assets in all reported periods, demonstrating financial stability.
Appears to have a very low administrative overhead, given the 0% officer compensation and generally low expenses relative to assets in most years.
Spending Breakdown
How The Life And Health Insurance Company Guaranty Corporation Of Ne 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 The Life And Health Insurance Company Guaranty Corporation Of Ne
Is The Life And Health Insurance Company Guaranty Corporation Of Ne a legitimate charity?
Based on AI analysis of IRS 990 filings, The Life And Health Insurance Company Guaranty Corporation Of Ne (EIN: 133528849) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
Is The Life And Health Insurance Company Guaranty Corporation Of Ne a good charity to donate to?
The Life And Health Insurance Company Guaranty Corporation Of Ne has a Mission Score of 85/100. Revenue: $28.1M. Assets: $31.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Life And Health Insurance Company Guaranty Corporation Of Ne?
The Employer Identification Number (EIN) for The Life And Health Insurance Company Guaranty Corporation Of Ne is 133528849. 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 The Life And Health Insurance Company Guaranty Corporation Of Ne spend its money?
The Life And Health Insurance Company Guaranty Corporation Of Ne allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Life And Health Insurance Company Guaranty Corporation Of Ne's tax-exempt status?
You can verify The Life And Health Insurance Company Guaranty Corporation Of Ne's tax-exempt status using EIN 133528849 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 Life And Health Insurance Company Guaranty Corporation Of Ne appears to be a financially stable organization, consistently maintaining positive assets and zero liabilities across all reported periods. While its revenue and expenses have fluctuated, particularly with a large spike in 2014 ($109M revenue, $113M expenses), the organization generally operates with a relatively small budget, as seen in recent years (e.g., $897K revenue, $452K expenses in 2023). The consistent reporting of 0% officer compensation across all filings suggests a high degree of transparency regarding executive pay, indicating that the organization's leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which warrants further investigation for a complete picture. The significant difference between the 'Latest Revenue' of $28,094,451 and the most recent filing's revenue of $897,134 suggests that the 'Latest Revenue' figure might be an aggregate or a different reporting period, highlighting a potential area for clarification in understanding its current operational scale.