American Society Of Workers Compensation Ins Professionals Inc
American Society Of Workers Compensation Ins Professionals Inc frequently operates at a deficit, drawing on assets to cover expenses.
EIN: 134036243 · Indianapolis, IN · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $301K |
| Total Expenses | $316K |
| Program Spending | 70% |
| Net Assets | $282K |
| Transparency Score | 70/100 |
Is American Society Of Workers Compensation Ins Professionals Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Society Of Workers Compensation Ins Professionals Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About American Society Of Workers Compensation Ins Professionals Inc
American Society Of Workers Compensation Ins Professionals Inc (EIN: 134036243) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code S41. The organization reported total revenue of $301K and total assets of $332K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Society Of Workers Compensation Ins Professionals Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Society Of Workers Compensation Ins Professionals Inc is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $300K |
| Total Expenses | $316K |
| Surplus / Deficit | $-15,710 |
| Total Assets | $334K |
| Total Liabilities | $52K |
| Net Assets | $282K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 15.6% |
| Months of Reserves | 12.7 months |
Financial Health Grade: B
In 2023, American Society Of Workers Compensation Ins Professionals Inc reported a deficit of $16K with expenses exceeding revenue, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 15.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Society Of Workers Compensation Ins Professionals Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.4% | -5.9% | +6.6% |
| 2022 | -4.2% | +23.2% | -22.9% |
| 2021 | +41.1% | +130.4% | +1.6% |
| 2020 | +18.5% | -52.6% | +17.6% |
| 2019 | -37.5% | -3.6% | -21.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
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 American Society Of Workers Compensation Ins Professionals 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, American Society Of Workers Compensation Ins Professionals Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which is a positive sign for resource allocation.
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 American Society Of Workers Compensation Ins Professionals Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 202312, 202212, 202112), indicating expenses frequently exceed revenue.
- Significant fluctuation in annual revenue and expenses, making financial planning and stability potentially challenging.
Strengths
The following positive indicators were identified for American Society Of Workers Compensation Ins Professionals Inc:
- Consistent reporting of IRS 990 filings, demonstrating good transparency.
- Zero reported officer compensation across all filings, suggesting efficient use of funds at the executive level.
- Maintains a healthy asset base ($333,573 in 202312) despite recent operational deficits, providing financial resilience.
Frequently Asked Questions about American Society Of Workers Compensation Ins Professionals Inc
Is American Society Of Workers Compensation Ins Professionals Inc a legitimate charity?
American Society Of Workers Compensation Ins Professionals Inc (EIN: 134036243) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $301K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does American Society Of Workers Compensation Ins Professionals Inc spend its money?
American Society Of Workers Compensation Ins Professionals Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to American Society Of Workers Compensation Ins Professionals Inc tax-deductible?
American Society Of Workers Compensation Ins Professionals Inc is registered as a tax-exempt nonprofit (EIN: 134036243). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of American Society Of Workers Compensation Ins Professionals Inc's spending goes to programs?
American Society Of Workers Compensation Ins Professionals Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does American Society Of Workers Compensation Ins Professionals Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), American Society Of Workers Compensation Ins Professionals Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is American Society Of Workers Compensation Ins Professionals Inc located?
American Society Of Workers Compensation Ins Professionals Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 134036243. It is classified under NTEE code S41.
How many years of IRS 990 filings does American Society Of Workers Compensation Ins Professionals Inc have?
American Society Of Workers Compensation Ins Professionals 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 $301K in total revenue.
Is ASWCIP financially stable given its recent deficits?
While ASWCIP has experienced deficits in recent years (e.g., $15,710 in 202312 and $90,373 in 202212), its substantial asset base ($333,573 in 202312) provides a buffer. However, sustained deficits could erode these assets over time.
What is the primary source of ASWCIP's revenue?
The provided data only shows total revenue. To determine the primary source (e.g., membership dues, conferences, donations), a deeper dive into the detailed IRS 990 forms would be required.
How does ASWCIP manage its liabilities?
ASWCIP's liabilities have fluctuated, reaching $52,022 in 202312. While this is higher than some previous years, it remains a manageable portion of its total assets, suggesting responsible financial management in this area.
Filing History
IRS 990 filing history for American Society Of Workers Compensation Ins Professionals Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Society Of Workers Compensation Ins Professionals Inc's revenue has grown by 46.3%, moving from $205K to $300K. Total assets increased by 257.3% over the same period, from $93K to $334K. Total functional expenses rose by 46.5%, from $215K to $316K. In its most recent filing year (2023), American Society Of Workers Compensation Ins Professionals Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $52K in liabilities against $334K in assets (debt-to-asset ratio: 15.6%), resulting in net assets of $282K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $300K | $316K | $334K | $52K | — | — |
| 2022 | $245K | $335K | $313K | $16K | — | — |
| 2021 | $256K | $272K | $406K | $18K | — | View 990 |
| 2020 | $181K | $118K | $399K | $110 | — | View 990 |
| 2019 | $153K | $249K | $339K | $3K | — | View 990 |
| 2018 | $245K | $258K | $433K | $1K | — | View 990 |
| 2017 | $297K | $179K | $463K | $18K | — | View 990 |
| 2016 | $280K | $208K | $336K | $9K | — | View 990 |
| 2015 | $329K | $204K | $256K | $1K | — | View 990 |
| 2014 | $255K | $238K | $143K | $14K | — | View 990 |
| 2013 | $266K | $256K | $119K | $7K | — | View 990 |
| 2012 | $249K | $227K | $116K | $14K | — | View 990 |
| 2011 | $205K | $215K | $93K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $300K, expenses of $316K, and assets of $334K (revenue +22.4% year-over-year).
- 2022: Revenue of $245K, expenses of $335K, and assets of $313K (revenue -4.2% year-over-year).
- 2021: Revenue of $256K, expenses of $272K, and assets of $406K (revenue +41.1% year-over-year).
- 2020: Revenue of $181K, expenses of $118K, and assets of $399K (revenue +18.5% year-over-year).
- 2019: Revenue of $153K, expenses of $249K, and assets of $339K (revenue -37.5% year-over-year).
- 2018: Revenue of $245K, expenses of $258K, and assets of $433K (revenue -17.6% year-over-year).
- 2017: Revenue of $297K, expenses of $179K, and assets of $463K (revenue +6.1% year-over-year).
- 2016: Revenue of $280K, expenses of $208K, and assets of $336K (revenue -14.9% year-over-year).
- 2015: Revenue of $329K, expenses of $204K, and assets of $256K (revenue +28.8% year-over-year).
- 2014: Revenue of $255K, expenses of $238K, and assets of $143K (revenue -4.0% year-over-year).
- 2013: Revenue of $266K, expenses of $256K, and assets of $119K (revenue +6.8% year-over-year).
- 2012: Revenue of $249K, expenses of $227K, and assets of $116K (revenue +21.5% year-over-year).
- 2011: Revenue of $205K, expenses of $215K, and assets of $93K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Society Of Workers Compensation Ins Professionals Inc:
Data Sources and Methodology
This transparency report for American Society Of Workers Compensation Ins Professionals 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.