Quick charity verification for Willamette Valley Insurance Corporation (EIN: 201836190)
Verdict: Willamette Valley Insurance Corporation shows mixed signals
55/100Mission Score
$3.6MRevenue
$19.4MAssets
4Red Flags
3Strengths
Red Flags
Significant net losses in recent periods (e.g., 202306: $358,192 revenue vs. $4,205,408 expenses).
High volatility in revenue and expenses across different fiscal years.
Increasing liabilities, reaching $8,377,032 in 202306, which could indicate financial strain.
Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into how leadership is compensated or structured.
Strengths
Maintains substantial assets, with $19,889,818 in 202306, providing a financial cushion.
History of strong revenue generation in certain periods (e.g., $4,263,691 in 201509).
Consistent filing of IRS Form 990s, indicating adherence to reporting requirements.
Spending Breakdown
How Willamette Valley Insurance Corporation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Willamette Valley Insurance Corporation
Is Willamette Valley Insurance Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Willamette Valley Insurance Corporation (EIN: 201836190) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
Is Willamette Valley Insurance Corporation a good charity to donate to?
Willamette Valley Insurance Corporation has a Mission Score of 55/100. Revenue: $3.6M. Assets: $19.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Willamette Valley Insurance Corporation?
The Employer Identification Number (EIN) for Willamette Valley Insurance Corporation is 201836190. 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 Willamette Valley Insurance Corporation spend its money?
Willamette Valley Insurance Corporation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Willamette Valley Insurance Corporation's tax-exempt status?
You can verify Willamette Valley Insurance Corporation's tax-exempt status using EIN 201836190 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
Willamette Valley Insurance Corporation's financial health shows significant volatility in recent years. While the organization reported total assets of $19,889,818 in the 202306 period, its revenue of $358,192 was substantially lower than its expenses of $4,205,408, indicating a net loss for that period. This trend of expenses exceeding revenue is also visible in 202106 and 201606, raising concerns about long-term sustainability if not addressed. However, previous years like 202006 and 201509 showed strong positive net income.
The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. The consistent reporting of 0% officer compensation across all available filings suggests a lean executive structure or that compensation is reported differently, which could be a positive indicator for resource allocation. However, the large swings in revenue and expenses warrant closer examination of how funds are being utilized.
Transparency appears to be adequate in terms of filing IRS Form 990s consistently. The absence of reported officer compensation is a notable point, suggesting either a volunteer leadership or compensation being covered by a related entity, which would require further investigation for complete transparency. The significant liabilities, such as $8,377,032 in 202306, also warrant attention to understand their nature and impact on the organization's financial stability.