Academic Physicians Insurancecompany
Academic Physicians Insurancecompany consistently reports 0% officer compensation while managing substantial assets as a medical malpractice insurer.
EIN: 204687937 · Colchester, VT · NTEE: E02 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36.7M |
| Total Expenses | $20.8M |
| Program Spending | 100% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $13.8M |
| Transparency Score | 60/100 |
Is Academic Physicians Insurancecompany Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Academic Physicians Insurancecompany directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Academic Physicians Insurancecompany
Academic Physicians Insurancecompany (EIN: 204687937) is a nonprofit organization based in Colchester, VT, classified under NTEE code E02. The organization reported total revenue of $36.7M and total assets of $112.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Academic Physicians Insurancecompany's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Academic Physicians Insurancecompany is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.3M |
| Total Expenses | $20.8M |
| Surplus / Deficit | $-5,489,604 |
| Total Assets | $74.5M |
| Total Liabilities | $60.7M |
| Net Assets | $13.8M |
| Operating Margin | -35.9% |
| Debt-to-Asset Ratio | 81.4% |
| Months of Reserves | 43.1 months |
Financial Health Grade: C
In 2023, Academic Physicians Insurancecompany reported a deficit of $5.5M with expenses exceeding revenue, holds 43.1 months of operating reserves (strong position), has a debt-to-asset ratio of 81.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Academic Physicians Insurancecompany's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.8% | +55.5% | +9.7% |
| 2022 | -28.7% | -7.1% | -17.1% |
| 2021 | +42.8% | +43.8% | +16.3% |
| 2020 | +17.0% | -22.2% | +13.5% |
| 2019 | +5.3% | -3.3% | -11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Academic Physicians Insurancecompany with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Academic Physicians Insurancecompany allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 81.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with assets exceeding $100 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Academic Physicians Insurancecompany's IRS 990 filings:
- Consistent 0% officer compensation for an organization with over $100M in assets, which warrants further investigation into how leadership is compensated or structured.
- Operating as an insurance company under a nonprofit designation, which can be confusing for donors expecting a traditional charity.
Strengths
The following positive indicators were identified for Academic Physicians Insurancecompany:
- High transparency regarding executive compensation, reporting 0% across all filings.
- Significant asset base ($112,206,115 latest) indicating financial stability for its operational purpose.
- Consistent filing history (13 filings) demonstrating adherence to reporting requirements.
Frequently Asked Questions about Academic Physicians Insurancecompany
Is Academic Physicians Insurancecompany a legitimate charity?
Based on AI analysis of IRS 990 filings, Academic Physicians Insurancecompany (EIN: 204687937) some concerns. Mission Score: 60/100. 2 red flags identified, 3 strengths noted.
How does Academic Physicians Insurancecompany spend its money?
Academic Physicians Insurancecompany directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Academic Physicians Insurancecompany tax-deductible?
Academic Physicians Insurancecompany is registered as a tax-exempt nonprofit (EIN: 204687937). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Academic Physicians Insurancecompany CEO make?
Academic Physicians Insurancecompany's highest-compensated officer earns $100 annually. The organization reported $36.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Academic Physicians Insurancecompany compare to similar nonprofits?
With a transparency score of 60/100 (Good), Academic Physicians Insurancecompany is above average for NTEE category E02 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Academic Physicians Insurancecompany located?
Academic Physicians Insurancecompany is headquartered in Colchester, Vermont and files with the IRS under EIN 204687937. It is classified under NTEE code E02.
How many years of IRS 990 filings does Academic Physicians Insurancecompany have?
Academic Physicians Insurancecompany has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $36.7M in total revenue.
Is Academic Physicians Insurancecompany a good charity?
Academic Physicians Insurancecompany is not a traditional charity in the sense of providing direct charitable services or grants. It operates as a medical malpractice insurance provider (NTEE E02). Its 'goodness' should be evaluated based on its effectiveness as an insurance provider for academic physicians, rather than typical charitable metrics.
How does Academic Physicians Insurancecompany manage its expenses?
The filings show fluctuating expenses relative to revenue. For example, in 2023, expenses ($20,765,629) exceeded revenue ($15,276,025), while in 2022, revenue ($17,508,656) significantly exceeded expenses ($13,350,653). A detailed breakdown of these expenses (e.g., claims paid, operational costs) is needed for a comprehensive understanding.
What is the purpose of Academic Physicians Insurancecompany?
Based on its NTEE code (E02 - Medical Malpractice Insurance) and financial structure, its purpose is to provide medical malpractice insurance to academic physicians, likely operating as a captive or member-owned insurer.
Why is officer compensation consistently 0%?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It could indicate that officers are compensated through other entities, are volunteers, or that the organization's structure (e.g., a reciprocal exchange or risk retention group) does not involve direct compensation to individuals in these roles from the reported entity.
Filing History
IRS 990 filing history for Academic Physicians Insurancecompany showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Academic Physicians Insurancecompany's revenue has grown by 72.9%, moving from $8.8M to $15.3M. Total assets increased by 70.9% over the same period, from $43.6M to $74.5M. Total functional expenses rose by 224.1%, from $6.4M to $20.8M. In its most recent filing year (2023), Academic Physicians Insurancecompany reported a deficit of $5.5M, with expenses exceeding revenue. The organization holds $60.7M in liabilities against $74.5M in assets (debt-to-asset ratio: 81.4%), resulting in net assets of $13.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.3M | $20.8M | $74.5M | $60.7M | — | — |
| 2022 | $17.5M | $13.4M | $68.0M | $49.6M | — | View 990 |
| 2021 | $24.6M | $14.4M | $82.0M | $49.6M | — | — |
| 2020 | $17.2M | $10.0M | $70.5M | $44.2M | — | View 990 |
| 2019 | $14.7M | $12.8M | $62.1M | $41.6M | — | View 990 |
| 2018 | $14.0M | $13.3M | $70.5M | $54.1M | — | View 990 |
| 2017 | $11.0M | $12.1M | $53.3M | $29.8M | — | View 990 |
| 2016 | $10.3M | $12.2M | $52.1M | $26.9M | — | View 990 |
| 2015 | $10.3M | $9.1M | $52.0M | $25.6M | — | View 990 |
| 2014 | $8.3M | $8.0M | $50.3M | $24.9M | — | View 990 |
| 2013 | $9.7M | $9.6M | $50.9M | $26.4M | — | View 990 |
| 2012 | $9.1M | $7.5M | $47.1M | $22.1M | — | View 990 |
| 2011 | $8.8M | $6.4M | $43.6M | $21.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.3M, expenses of $20.8M, and assets of $74.5M (revenue -12.8% year-over-year).
- 2022: Revenue of $17.5M, expenses of $13.4M, and assets of $68.0M (revenue -28.7% year-over-year).
- 2021: Revenue of $24.6M, expenses of $14.4M, and assets of $82.0M (revenue +42.8% year-over-year).
- 2020: Revenue of $17.2M, expenses of $10.0M, and assets of $70.5M (revenue +17.0% year-over-year).
- 2019: Revenue of $14.7M, expenses of $12.8M, and assets of $62.1M (revenue +5.3% year-over-year).
- 2018: Revenue of $14.0M, expenses of $13.3M, and assets of $70.5M (revenue +27.1% year-over-year).
- 2017: Revenue of $11.0M, expenses of $12.1M, and assets of $53.3M (revenue +6.9% year-over-year).
- 2016: Revenue of $10.3M, expenses of $12.2M, and assets of $52.1M (revenue -0.5% year-over-year).
- 2015: Revenue of $10.3M, expenses of $9.1M, and assets of $52.0M (revenue +24.1% year-over-year).
- 2014: Revenue of $8.3M, expenses of $8.0M, and assets of $50.3M (revenue -13.9% year-over-year).
- 2013: Revenue of $9.7M, expenses of $9.6M, and assets of $50.9M (revenue +6.7% year-over-year).
- 2012: Revenue of $9.1M, expenses of $7.5M, and assets of $47.1M (revenue +2.5% year-over-year).
- 2011: Revenue of $8.8M, expenses of $6.4M, and assets of $43.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Academic Physicians Insurancecompany:
Data Sources and Methodology
This transparency report for Academic Physicians Insurancecompany is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.