Elliot Health System Prof & Gen Liab Ins Trust
Elliot Health System Prof & Gen Liab Ins Trust shows fluctuating financials with significant liabilities, consistent with a self-insurance trust.
EIN: 16217452 · Manchester, NH · NTEE: E11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $1.9M |
| Program Spending | 90% |
| Net Assets | $-12,717,807 |
| Transparency Score | 70/100 |
Is Elliot Health System Prof & Gen Liab Ins Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elliot Health System Prof & Gen Liab Ins Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elliot Health System Prof & Gen Liab Ins Trust
Elliot Health System Prof & Gen Liab Ins Trust (EIN: 16217452) is a nonprofit organization based in Manchester, NH, classified under NTEE code E11. The organization reported total revenue of $5.9M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elliot Health System Prof & Gen Liab Ins Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elliot Health System Prof & Gen Liab Ins Trust is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -119.0% | -0.3% | -90.9% |
| 2022 | -43.5% | +35.8% | -12.9% |
| 2021 | +155.6% | -82.1% | -40.8% |
| 2020 | +6.7% | +56.1% | -25.7% |
| 2019 | +67.8% | +229.7% | -29.0% |
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 Elliot Health System Prof & Gen Liab Ins Trust 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Elliot Health System Prof & Gen Liab Ins Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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:
- Debt-to-asset ratio: 2980.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive salaries are either covered by the parent organization or are not a direct expense of the trust itself, suggesting a very lean administrative cost structure for executive pay.
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 Elliot Health System Prof & Gen Liab Ins Trust's IRS 990 filings:
- Significant negative revenue in 2023 ($-274,163), which could indicate investment losses or substantial premium adjustments.
- Consistently high liabilities relative to assets, particularly in recent years (e.g., $13,159,369 liabilities vs. $441,562 assets in 2023), which could signal potential solvency concerns if not backed by a parent entity.
Strengths
The following positive indicators were identified for Elliot Health System Prof & Gen Liab Ins Trust:
- Consistent 0% officer compensation, indicating no direct executive salary burden on the trust.
- Regular IRS 990 filings, demonstrating transparency in its financial operations.
- Specialized function as a self-insurance trust, providing a critical service to its parent health system.
Frequently Asked Questions about Elliot Health System Prof & Gen Liab Ins Trust
Is Elliot Health System Prof & Gen Liab Ins Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Elliot Health System Prof & Gen Liab Ins Trust (EIN: 16217452) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Elliot Health System Prof & Gen Liab Ins Trust spend its money?
Elliot Health System Prof & Gen Liab Ins Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elliot Health System Prof & Gen Liab Ins Trust tax-deductible?
Elliot Health System Prof & Gen Liab Ins Trust is registered as a tax-exempt nonprofit (EIN: 16217452). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Elliot Health System Prof & Gen Liab Ins Trust compare to similar nonprofits?
With a transparency score of 70/100 (Good), Elliot Health System Prof & Gen Liab Ins Trust is above average for NTEE category E11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Elliot Health System Prof & Gen Liab Ins Trust located?
Elliot Health System Prof & Gen Liab Ins Trust is headquartered in Manchester, New Hampshire and files with the IRS under EIN 16217452. It is classified under NTEE code E11.
How many years of IRS 990 filings does Elliot Health System Prof & Gen Liab Ins Trust have?
Elliot Health System Prof & Gen Liab Ins Trust 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 $5.9M in total revenue.
Is Elliot Health System Prof & Gen Liab Ins Trust a good charity?
As a self-insurance trust, it's not a 'charity' in the traditional sense of providing direct public services. Its 'goodness' should be assessed on its effectiveness in managing liabilities for the Elliot Health System, which its consistent operations and filings suggest it is doing.
Why does the organization have negative revenue in 2023?
Negative revenue of $-274,163 in 2023 could be due to investment losses, premium refunds, or adjustments to actuarial estimates for future claims, which are common in insurance-related entities.
What is the significance of the high liabilities compared to assets?
High liabilities, such as $13,159,369 against $441,562 in assets in 2023, are typical for an insurance trust that holds reserves for potential future claims. This structure often relies on the financial backing or guarantees of the parent organization (Elliot Health System) to ensure solvency.
How does this organization's spending efficiency compare to other nonprofits?
Direct comparison to traditional nonprofits is difficult due to its unique function. Its 'program' spending is essentially claims management and payouts. The 0% officer compensation suggests high efficiency in executive overhead, but overall efficiency depends on the effectiveness of its liability management.
Filing History
IRS 990 filing history for Elliot Health System Prof & Gen Liab Ins Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Elliot Health System Prof & Gen Liab Ins Trust's revenue has declined by 103.2%, moving from $8.5M to $-274,163. Total assets decreased by 95.7% over the same period, from $10.4M to $442K. Total functional expenses rose by 105.1%, from $922K to $1.9M. The organization holds $13.2M in liabilities against $442K in assets (debt-to-asset ratio: 2980.2%), resulting in net assets of $-12,717,807.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-274,163 | $1.9M | $442K | $13.2M | — | View 990 |
| 2022 | $1.4M | $1.9M | $4.8M | $15.8M | — | View 990 |
| 2021 | $2.6M | $1.4M | $5.6M | $15.7M | — | — |
| 2020 | $1.0M | $7.8M | $9.4M | $21.0M | — | View 990 |
| 2019 | $939K | $5.0M | $12.6M | $17.2M | — | View 990 |
| 2018 | $559K | $1.5M | $17.8M | $18.5M | — | View 990 |
| 2017 | $390K | $5.9M | $14.4M | $13.9M | — | View 990 |
| 2016 | $7.3M | $1.7M | $18.2M | $11.9M | — | View 990 |
| 2015 | $2.1M | $1.3M | $5.5M | $4.9M | — | View 990 |
| 2014 | $1.5M | $26K | $3.7M | $3.9M | — | View 990 |
| 2013 | $625K | $71K | $3.6M | $5.3M | — | View 990 |
| 2012 | $763K | $1.8M | $4.9M | $6.9M | — | View 990 |
| 2011 | $8.5M | $922K | $10.4M | $10.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-274,163, expenses of $1.9M, and assets of $442K (revenue -119.0% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.9M, and assets of $4.8M (revenue -43.5% year-over-year).
- 2021: Revenue of $2.6M, expenses of $1.4M, and assets of $5.6M (revenue +155.6% year-over-year).
- 2020: Revenue of $1.0M, expenses of $7.8M, and assets of $9.4M (revenue +6.7% year-over-year).
- 2019: Revenue of $939K, expenses of $5.0M, and assets of $12.6M (revenue +67.8% year-over-year).
- 2018: Revenue of $559K, expenses of $1.5M, and assets of $17.8M (revenue +43.5% year-over-year).
- 2017: Revenue of $390K, expenses of $5.9M, and assets of $14.4M (revenue -94.7% year-over-year).
- 2016: Revenue of $7.3M, expenses of $1.7M, and assets of $18.2M (revenue +240.9% year-over-year).
- 2015: Revenue of $2.1M, expenses of $1.3M, and assets of $5.5M (revenue +47.8% year-over-year).
- 2014: Revenue of $1.5M, expenses of $26K, and assets of $3.7M (revenue +132.6% year-over-year).
- 2013: Revenue of $625K, expenses of $71K, and assets of $3.6M (revenue -18.1% year-over-year).
- 2012: Revenue of $763K, expenses of $1.8M, and assets of $4.9M (revenue -91.0% year-over-year).
- 2011: Revenue of $8.5M, expenses of $922K, and assets of $10.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elliot Health System Prof & Gen Liab Ins Trust:
Data Sources and Methodology
This transparency report for Elliot Health System Prof & Gen Liab Ins Trust 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.