Connecticut Automobile Insurance Plan
Connecticut Automobile Insurance Plan operates with minimal assets and no officer compensation, consistently spending near its annual revenue.
EIN: 136194669 · Johnston, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $110K |
| Total Expenses | $106K |
| Program Spending | 85% |
| Net Assets | $-88,888 |
| Transparency Score | 75/100 |
Is Connecticut Automobile Insurance Plan Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Connecticut Automobile Insurance Plan directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Connecticut Automobile Insurance Plan
Connecticut Automobile Insurance Plan (EIN: 136194669) is a nonprofit organization based in Johnston, RI. The organization reported total revenue of $110K and total assets of $24K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Connecticut Automobile Insurance Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Connecticut Automobile Insurance Plan is a small nonprofit that has been operating for 72 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $106K |
| Total Expenses | $106K |
| Surplus / Deficit | $-306 |
| Total Assets | $18K |
| Total Liabilities | $107K |
| Net Assets | $-88,888 |
| Operating Margin | -0.3% |
| Debt-to-Asset Ratio | 602.6% |
| Months of Reserves | 2.0 months |
Financial Health Grade: D
In 2023, Connecticut Automobile Insurance Plan reported a deficit of $306 with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 602.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Connecticut Automobile Insurance Plan's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.8% | +19.4% | -43.9% |
| 2022 | -2.5% | -9.5% | +9.3% |
| 2021 | -14.0% | -7.5% | -12.3% |
| 2020 | -11.1% | -17.6% | +7.2% |
| 2019 | -6.6% | -13.7% | +36.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1954 |
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 Connecticut Automobile Insurance Plan 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: 85%
- fundraising: 0%
According to IRS 990 filings, Connecticut Automobile Insurance Plan allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $306, with expenses exceeding revenue.
- Debt-to-asset ratio: 602.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization with consistent revenue and expenses, suggesting a volunteer-led structure or that compensation is handled through a different entity.
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 Connecticut Automobile Insurance Plan's IRS 990 filings:
- Consistently high liabilities relative to assets, though potentially explained by its operational model.
- Lack of detailed program vs. administrative expense breakdown in summary data, making efficiency analysis difficult.
- Unknown NTEE code, hindering peer comparison.
Strengths
The following positive indicators were identified for Connecticut Automobile Insurance Plan:
- Consistent financial reporting with 13 years of IRS 990 filings.
- Zero reported officer compensation, indicating efficient use of funds or volunteer leadership.
- Stable revenue and expense patterns over a decade, suggesting operational consistency.
- Expenses consistently close to revenue, indicating funds are being utilized rather than accumulated excessively.
Frequently Asked Questions about Connecticut Automobile Insurance Plan
Is Connecticut Automobile Insurance Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Connecticut Automobile Insurance Plan (EIN: 136194669) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Connecticut Automobile Insurance Plan spend its money?
Connecticut Automobile Insurance Plan directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Connecticut Automobile Insurance Plan tax-deductible?
Connecticut Automobile Insurance Plan is registered as a tax-exempt nonprofit (EIN: 136194669). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Connecticut Automobile Insurance Plan located?
Connecticut Automobile Insurance Plan is headquartered in Johnston, Rhode Island and files with the IRS under EIN 136194669.
How many years of IRS 990 filings does Connecticut Automobile Insurance Plan have?
Connecticut Automobile Insurance Plan 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 $110K in total revenue.
What is the primary function of the Connecticut Automobile Insurance Plan?
Based on its name and financial activity, it likely facilitates automobile insurance for high-risk drivers in Connecticut, operating as a pass-through entity for premiums and claims, which would explain its low asset base and high liabilities relative to assets.
Why are liabilities consistently much higher than assets?
This financial structure (e.g., 2023: Assets $17,686, Liabilities $106,574) is typical for organizations that manage funds on behalf of others, such as an insurance pool or plan, where liabilities represent obligations to policyholders or member companies.
How does the organization manage to operate with 0% officer compensation?
This suggests that the organization is either entirely volunteer-run at the executive level, or its administrative functions and executive oversight are provided by a parent organization or member entities without direct compensation from this specific EIN.
What is the NTEE code and how does it impact the analysis?
The NTEE code is unknown, which limits the ability to compare its financial metrics against peer organizations in the same sector. Knowing the NTEE code would provide context for its operational model and spending ratios.
Filing History
IRS 990 filing history for Connecticut Automobile Insurance Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Connecticut Automobile Insurance Plan's revenue has declined by 40.9%, moving from $179K to $106K. Total assets decreased by 30.2% over the same period, from $25K to $18K. Total functional expenses fell by 33.5%, from $160K to $106K. In its most recent filing year (2023), Connecticut Automobile Insurance Plan reported a deficit of $306, with expenses exceeding revenue. The organization holds $107K in liabilities against $18K in assets (debt-to-asset ratio: 602.6%), resulting in net assets of $-88,888.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $106K | $106K | $18K | $107K | — | — |
| 2022 | $110K | $89K | $32K | $110K | — | View 990 |
| 2021 | $113K | $98K | $29K | $118K | — | View 990 |
| 2020 | $131K | $106K | $33K | $158K | — | — |
| 2019 | $148K | $129K | $31K | $143K | — | View 990 |
| 2018 | $158K | $150K | $22K | $127K | — | View 990 |
| 2017 | $148K | $142K | $24K | $147K | — | — |
| 2016 | $174K | $158K | $33K | $137K | — | View 990 |
| 2015 | $175K | $159K | $33K | $135K | — | View 990 |
| 2014 | $166K | $158K | $33K | $160K | — | View 990 |
| 2013 | $172K | $168K | $15K | $87K | — | View 990 |
| 2012 | $169K | $163K | $18K | $174K | — | View 990 |
| 2011 | $179K | $160K | $25K | $143K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $106K, expenses of $106K, and assets of $18K (revenue -3.8% year-over-year).
- 2022: Revenue of $110K, expenses of $89K, and assets of $32K (revenue -2.5% year-over-year).
- 2021: Revenue of $113K, expenses of $98K, and assets of $29K (revenue -14.0% year-over-year).
- 2020: Revenue of $131K, expenses of $106K, and assets of $33K (revenue -11.1% year-over-year).
- 2019: Revenue of $148K, expenses of $129K, and assets of $31K (revenue -6.6% year-over-year).
- 2018: Revenue of $158K, expenses of $150K, and assets of $22K (revenue +6.8% year-over-year).
- 2017: Revenue of $148K, expenses of $142K, and assets of $24K (revenue -15.0% year-over-year).
- 2016: Revenue of $174K, expenses of $158K, and assets of $33K (revenue -0.2% year-over-year).
- 2015: Revenue of $175K, expenses of $159K, and assets of $33K (revenue +4.9% year-over-year).
- 2014: Revenue of $166K, expenses of $158K, and assets of $33K (revenue -3.4% year-over-year).
- 2013: Revenue of $172K, expenses of $168K, and assets of $15K (revenue +2.1% year-over-year).
- 2012: Revenue of $169K, expenses of $163K, and assets of $18K (revenue -5.8% year-over-year).
- 2011: Revenue of $179K, expenses of $160K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Connecticut Automobile Insurance Plan:
Data Sources and Methodology
This transparency report for Connecticut Automobile Insurance Plan 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.