Advanced Providers Insurance Risk Retention Group Inc
Advanced Providers Insurance Risk Retention Group Inc. shows fluctuating revenues and expenses, with recent deficits, but maintains strong asset reserves and zero officer compensation.
EIN: 201095828 · Phoenix, AZ · NTEE: Y230 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $123K |
| Total Expenses | $122K |
| Program Spending | 80% |
| Net Assets | $1.3M |
| Transparency Score | 70/100 |
Is Advanced Providers Insurance Risk Retention Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Advanced Providers Insurance Risk Retention Group Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Advanced Providers Insurance Risk Retention Group Inc
Advanced Providers Insurance Risk Retention Group Inc (EIN: 201095828) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code Y230. The organization reported total revenue of $123K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Advanced Providers Insurance Risk Retention Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Advanced Providers Insurance Risk Retention Group Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $82K |
| Total Expenses | $122K |
| Surplus / Deficit | $-39,781 |
| Total Assets | $1.5M |
| Total Liabilities | $249K |
| Net Assets | $1.3M |
| Operating Margin | -48.5% |
| Debt-to-Asset Ratio | 16.3% |
| Months of Reserves | 150.9 months |
Financial Health Grade: B
In 2023, Advanced Providers Insurance Risk Retention Group Inc reported a deficit of $40K with expenses exceeding revenue, holds 150.9 months of operating reserves (strong position), has a debt-to-asset ratio of 16.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Advanced Providers Insurance Risk Retention Group Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.4% | +0.3% | -5.8% |
| 2022 | +6.1% | +44.9% | -3.4% |
| 2021 | -28.5% | -60.2% | -0.1% |
| 2020 | -10.1% | +59.0% | +7.2% |
| 2019 | -4.1% | +13.9% | +3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Advanced Providers Insurance Risk Retention Group Inc with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Advanced Providers Insurance Risk Retention Group Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through an external management agreement not directly reported as officer compensation on the 990, which is a positive for minimizing direct executive overhead.
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 Advanced Providers Insurance Risk Retention Group Inc's IRS 990 filings:
- Expenses frequently exceed revenue (e.g., 2023, 2022, 2020), indicating reliance on reserves or prior surpluses.
- Revenue has been declining in recent years from a peak of $261,879 in 2014 to $82,083 in 2023.
Strengths
The following positive indicators were identified for Advanced Providers Insurance Risk Retention Group Inc:
- Consistent reporting of 0% officer compensation, indicating efficient executive cost management.
- Strong asset base, consistently over $1.5 million, providing financial resilience.
- Long filing history (13 filings) demonstrates consistent compliance and transparency.
Frequently Asked Questions about Advanced Providers Insurance Risk Retention Group Inc
Is Advanced Providers Insurance Risk Retention Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Advanced Providers Insurance Risk Retention Group Inc (EIN: 201095828) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Advanced Providers Insurance Risk Retention Group Inc spend its money?
Advanced Providers Insurance Risk Retention Group Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Advanced Providers Insurance Risk Retention Group Inc tax-deductible?
Advanced Providers Insurance Risk Retention Group Inc is registered as a tax-exempt nonprofit (EIN: 201095828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Advanced Providers Insurance Risk Retention Group Inc's spending goes to programs?
Advanced Providers Insurance Risk Retention Group Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Advanced Providers Insurance Risk Retention Group Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Advanced Providers Insurance Risk Retention Group Inc is above average for NTEE category Y230 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Advanced Providers Insurance Risk Retention Group Inc located?
Advanced Providers Insurance Risk Retention Group Inc is headquartered in Phoenix, Arizona and files with the IRS under EIN 201095828. It is classified under NTEE code Y230.
How many years of IRS 990 filings does Advanced Providers Insurance Risk Retention Group Inc have?
Advanced Providers Insurance Risk Retention Group Inc 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 $123K in total revenue.
Is Advanced Providers Insurance Risk Retention Group Inc. financially stable?
While the organization has experienced periods where expenses exceeded revenue (e.g., $121,864 expenses vs. $82,083 revenue in 2023), its substantial and consistent asset base (over $1.5 million) suggests a strong underlying financial stability, capable of absorbing operational deficits.
How does the organization manage its executive costs?
The organization reports 0% officer compensation in all available filings, indicating a highly cost-efficient approach to executive leadership, likely through volunteer efforts or an outsourced management structure.
What is the primary purpose of this organization given its NTEE code?
With an NTEE code of Y230 (Insurance Providers), its primary purpose is to provide insurance, likely to a specific group of advanced providers, functioning as a mutual insurer or self-insurance mechanism rather than a traditional grant-making or service-delivery charity.
Filing History
IRS 990 filing history for Advanced Providers Insurance Risk Retention Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Advanced Providers Insurance Risk Retention Group Inc's revenue has declined by 79.6%, moving from $401K to $82K. Total assets increased by 10.2% over the same period, from $1.4M to $1.5M. Total functional expenses rose by 50.7%, from $81K to $122K. In its most recent filing year (2023), Advanced Providers Insurance Risk Retention Group Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $249K in liabilities against $1.5M in assets (debt-to-asset ratio: 16.3%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $82K | $122K | $1.5M | $249K | — | — |
| 2022 | $113K | $121K | $1.6M | $258K | — | View 990 |
| 2021 | $107K | $84K | $1.7M | $258K | — | View 990 |
| 2020 | $149K | $211K | $1.7M | $323K | — | View 990 |
| 2019 | $166K | $132K | $1.6M | $50K | — | View 990 |
| 2018 | $173K | $116K | $1.5M | $61K | — | View 990 |
| 2017 | $177K | $123K | $1.5M | $78K | — | View 990 |
| 2016 | $-24,248 | $96K | $1.5M | $77K | — | View 990 |
| 2015 | $237K | $295K | $1.5M | $200K | — | View 990 |
| 2014 | $262K | $82K | $1.9M | $165K | — | View 990 |
| 2013 | $247K | $327K | $1.7M | $206K | — | View 990 |
| 2012 | $438K | $88K | $1.6M | $15K | — | View 990 |
| 2011 | $401K | $81K | $1.4M | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $82K, expenses of $122K, and assets of $1.5M (revenue -27.4% year-over-year).
- 2022: Revenue of $113K, expenses of $121K, and assets of $1.6M (revenue +6.1% year-over-year).
- 2021: Revenue of $107K, expenses of $84K, and assets of $1.7M (revenue -28.5% year-over-year).
- 2020: Revenue of $149K, expenses of $211K, and assets of $1.7M (revenue -10.1% year-over-year).
- 2019: Revenue of $166K, expenses of $132K, and assets of $1.6M (revenue -4.1% year-over-year).
- 2018: Revenue of $173K, expenses of $116K, and assets of $1.5M (revenue -2.3% year-over-year).
- 2017: Revenue of $177K, expenses of $123K, and assets of $1.5M.
- 2016: Revenue of $-24,248, expenses of $96K, and assets of $1.5M (revenue -110.2% year-over-year).
- 2015: Revenue of $237K, expenses of $295K, and assets of $1.5M (revenue -9.4% year-over-year).
- 2014: Revenue of $262K, expenses of $82K, and assets of $1.9M (revenue +6.2% year-over-year).
- 2013: Revenue of $247K, expenses of $327K, and assets of $1.7M (revenue -43.8% year-over-year).
- 2012: Revenue of $438K, expenses of $88K, and assets of $1.6M (revenue +9.2% year-over-year).
- 2011: Revenue of $401K, expenses of $81K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Advanced Providers Insurance Risk Retention Group Inc:
Data Sources and Methodology
This transparency report for Advanced Providers Insurance Risk Retention Group Inc 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.