Association Of Insurance Compliance Professionals
Association Of Insurance Compliance Professionals: Steady Revenue, Strong Asset Base
EIN: 222912483 · Wakefield, MA · Updated: 2026-04-04
Is Association Of Insurance Compliance Professionals Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Association Of Insurance Compliance Professionals directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Association Of Insurance Compliance Professionals
Association Of Insurance Compliance Professionals (EIN: 222912483) is a nonprofit organization based in Wakefield, MA. The organization reported total revenue of $1.0M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Association Of Insurance Compliance Professionals's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Association Of Insurance Compliance Professionals with a Mission Score of 75 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: 70%
- fundraising: 15%
According to IRS 990 filings, Association Of Insurance Compliance Professionals allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is highly uncommon and warrants further investigation to understand how leadership is compensated or if this reflects a volunteer-led structure.
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 Association Of Insurance Compliance Professionals's IRS 990 filings:
- Consistent reporting of $0 executive compensation raises questions about the true compensation structure or if key roles are entirely volunteer-based.
- Lack of detailed program expense breakdown makes it difficult to assess the efficiency and impact of program spending.
Strengths
The following positive indicators were identified for Association Of Insurance Compliance Professionals:
- Strong and growing asset base, reaching $1,683,037 in 2023, provides financial stability.
- Consistent revenue generation, with 2023 revenue at $1,026,330, demonstrates a stable funding model.
- Positive net assets and low liabilities indicate sound financial management.
Frequently Asked Questions about Association Of Insurance Compliance Professionals
Is Association Of Insurance Compliance Professionals a legitimate charity?
Based on AI analysis of IRS 990 filings, Association Of Insurance Compliance Professionals (EIN: 222912483) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Association Of Insurance Compliance Professionals spend its money?
Association Of Insurance Compliance Professionals directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Association Of Insurance Compliance Professionals tax-deductible?
Association Of Insurance Compliance Professionals is registered as a tax-exempt nonprofit (EIN: 222912483). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Association Of Insurance Compliance Professionals do?
Association Of Insurance Compliance Professionals is a nonprofit organization in the Unknown sector, located in Wakefield, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Association Of Insurance Compliance Professionals have?
Association Of Insurance Compliance Professionals reported total revenue of $1,026,330. Based on 13 IRS 990 filings on record.
What are Association Of Insurance Compliance Professionals's total assets?
Association Of Insurance Compliance Professionals holds total assets of $1,683,037 as reported in IRS 990 filings.
Where is Association Of Insurance Compliance Professionals located?
Association Of Insurance Compliance Professionals is based in Wakefield, Massachusetts.
What is Association Of Insurance Compliance Professionals's EIN?
Association Of Insurance Compliance Professionals's Employer Identification Number (EIN) is 222912483. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Association Of Insurance Compliance Professionals?
Association Of Insurance Compliance Professionals is classified under NTEE code Unknown (Unknown).
Is Association Of Insurance Compliance Professionals a registered 501(c)(3)?
Association Of Insurance Compliance Professionals appears in IRS records (EIN: 222912483). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Association Of Insurance Compliance Professionals file IRS Form 990?
Yes, Association Of Insurance Compliance Professionals has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Association Of Insurance Compliance Professionals's revenue in 2023?
In the 202312 filing period, Association Of Insurance Compliance Professionals reported total revenue of $923,320, total expenses of $852,083, and net assets of $1,401,826.
Is Association Of Insurance Compliance Professionals's revenue growing or declining?
Association Of Insurance Compliance Professionals's revenue is growing. Revenue went from $760,674 (202212) to $923,320 (202312), a +21.4% change. Based on 13 filings on record.
What is Association Of Insurance Compliance Professionals's most recent 990 filing?
The most recent IRS Form 990 filing for Association Of Insurance Compliance Professionals covers tax period 202312. It shows revenue of $923,320, expenses of $852,083, total assets of $1,401,826, and liabilities of $315,092.
How much does Association Of Insurance Compliance Professionals spend on programs vs administration?
Based on IRS 990 analysis, Association Of Insurance Compliance Professionals allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Association Of Insurance Compliance Professionals a trustworthy charity?
Based on AI analysis of IRS 990 data, Association Of Insurance Compliance Professionals appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Association Of Insurance Compliance Professionals?
The following concerns were identified: Consistent reporting of $0 executive compensation raises questions about the true compensation structure or if key roles are entirely volunteer-based.. Lack of detailed program expense breakdown makes it difficult to assess the efficiency and impact of program spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Association Of Insurance Compliance Professionals's strengths?
Positive indicators for Association Of Insurance Compliance Professionals include: Strong and growing asset base, reaching $1,683,037 in 2023, provides financial stability.. Consistent revenue generation, with 2023 revenue at $1,026,330, demonstrates a stable funding model.. Positive net assets and low liabilities indicate sound financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Association Of Insurance Compliance Professionals compensate executives?
Executive compensation is reported as $0 across all available filings, which is highly uncommon and warrants further investigation to understand how leadership is compensated or if this reflects a volunteer-led structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how does the organization attract and retain leadership, and what is the underlying compensation model for key personnel?
The consistent reporting of $0 for officer, director, trustee, and key employee compensation suggests either a fully volunteer-led organization at the highest levels or that compensation is structured in a way not captured under these specific reporting lines, such as through contracted services or other benefits not classified as direct compensation.
What specific programs or initiatives are driving the consistent revenue and asset growth, and how does the organization measure the impact of these programs?
While the data shows financial growth, the specific drivers are not detailed. Further investigation into their annual reports or program descriptions would be needed to identify the key revenue-generating programs (e.g., membership fees, conferences, publications) and their associated impact metrics.
Filing History
IRS 990 filing history for Association Of Insurance Compliance Professionals showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Association Of Insurance Compliance Professionals's revenue has grown by 9.1%, moving from $846K to $923K. Total assets increased by 58.9% over the same period, from $882K to $1.4M. Total functional expenses rose by 6.1%, from $803K to $852K. In its most recent filing year (2023), Association Of Insurance Compliance Professionals reported a surplus of $71K, with revenue exceeding expenses. The organization holds $315K in liabilities against $1.4M in assets (debt-to-asset ratio: 22.5%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $923K | $852K | $1.4M | $315K | — | — |
| 2022 | $761K | $882K | $1.1M | $174K | — | — |
| 2021 | $539K | $629K | $1.4M | $178K | — | View 990 |
| 2020 | $418K | $337K | $1.4M | $98K | — | — |
| 2019 | $1.1M | $899K | $1.3M | $102K | — | View 990 |
| 2018 | $1.1M | $860K | $1.0M | $136K | — | View 990 |
| 2017 | $959K | $979K | $873K | $144K | — | View 990 |
| 2016 | $847K | $910K | $892K | $171K | — | View 990 |
| 2015 | $970K | $976K | $904K | $129K | — | View 990 |
| 2014 | $947K | $956K | $938K | $131K | — | View 990 |
| 2013 | $808K | $774K | $928K | $104K | — | View 990 |
| 2012 | $876K | $824K | $963K | $175K | — | View 990 |
| 2011 | $846K | $803K | $882K | $136K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $923K, expenses of $852K, and assets of $1.4M (revenue +21.4% year-over-year).
- 2022: Revenue of $761K, expenses of $882K, and assets of $1.1M (revenue +41.1% year-over-year).
- 2021: Revenue of $539K, expenses of $629K, and assets of $1.4M (revenue +29.0% year-over-year).
- 2020: Revenue of $418K, expenses of $337K, and assets of $1.4M (revenue -61.8% year-over-year).
- 2019: Revenue of $1.1M, expenses of $899K, and assets of $1.3M (revenue +1.4% year-over-year).
- 2018: Revenue of $1.1M, expenses of $860K, and assets of $1.0M (revenue +12.7% year-over-year).
- 2017: Revenue of $959K, expenses of $979K, and assets of $873K (revenue +13.1% year-over-year).
- 2016: Revenue of $847K, expenses of $910K, and assets of $892K (revenue -12.7% year-over-year).
- 2015: Revenue of $970K, expenses of $976K, and assets of $904K (revenue +2.4% year-over-year).
- 2014: Revenue of $947K, expenses of $956K, and assets of $938K (revenue +17.2% year-over-year).
- 2013: Revenue of $808K, expenses of $774K, and assets of $928K (revenue -7.8% year-over-year).
- 2012: Revenue of $876K, expenses of $824K, and assets of $963K (revenue +3.6% year-over-year).
- 2011: Revenue of $846K, expenses of $803K, and assets of $882K.
Data Sources and Methodology
This transparency report for Association Of Insurance Compliance Professionals 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.