Great Neck Teachers Association Insurance Trust Fund
Great Neck Teachers Association Insurance Trust Fund consistently operates near break-even with no reported officer compensation.
EIN: 112266041 · Great Neck, NY · Updated: 2026-03-28
Is Great Neck Teachers Association Insurance Trust Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Great Neck Teachers Association Insurance Trust Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Great Neck Teachers Association Insurance Trust Fund
Great Neck Teachers Association Insurance Trust Fund (EIN: 112266041) is a nonprofit organization based in Great Neck, NY. The organization reported total revenue of $2.4M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Neck Teachers Association Insurance Trust Fund'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 Great Neck Teachers Association Insurance Trust Fund with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Great Neck Teachers Association Insurance Trust Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or their compensation is not categorized as 'Officer Comp' on the 990, which is a strong positive for an organization of its size with revenues exceeding $2 million annually.
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.
Strengths
The following positive indicators were identified for Great Neck Teachers Association Insurance Trust Fund:
- Consistent financial stability with revenues generally covering expenses (e.g., 2023 revenue $2,121,442, expenses $2,098,214).
- No reported officer compensation across all filings, indicating efficient use of funds or volunteer leadership.
- Healthy asset-to-liability ratio ($1,434,844 assets vs. $372,543 liabilities in 2023).
- Long history of consistent IRS 990 filings (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Great Neck Teachers Association Insurance Trust Fund
Is Great Neck Teachers Association Insurance Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Great Neck Teachers Association Insurance Trust Fund (EIN: 112266041) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Great Neck Teachers Association Insurance Trust Fund spend its money?
Great Neck Teachers Association Insurance Trust Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Great Neck Teachers Association Insurance Trust Fund tax-deductible?
Great Neck Teachers Association Insurance Trust Fund is registered as a tax-exempt nonprofit (EIN: 112266041). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Great Neck Teachers Association Insurance Trust Fund financially stable?
Yes, the organization appears financially stable. In 2023, it reported assets of $1,434,844 against liabilities of $372,543, and its revenues consistently cover its expenses, as seen in the 2023 period where revenue was $2,121,442 and expenses were $2,098,214.
How much does the organization spend on executive compensation?
Based on the provided IRS 990 data, the organization consistently reports 0% for officer compensation across all available filing periods, suggesting no executive salaries are paid or reported in this category.
Does the organization operate efficiently?
Given its nature as an insurance trust, the near break-even operation (e.g., $2,121,442 revenue vs. $2,098,214 expenses in 2023) and the absence of reported officer compensation suggest a high degree of operational efficiency, with funds primarily directed towards its core purpose of providing benefits.
Filing History
IRS 990 filing history for Great Neck Teachers Association Insurance Trust Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Great Neck Teachers Association Insurance Trust Fund's revenue has grown by 20.5%, moving from $1.8M to $2.1M. Total assets decreased by 30.1% over the same period, from $2.1M to $1.4M. Total functional expenses rose by 22.8%, from $1.7M to $2.1M. In its most recent filing year (2023), Great Neck Teachers Association Insurance Trust Fund reported a surplus of $23K, with revenue exceeding expenses. The organization holds $373K in liabilities against $1.4M in assets (debt-to-asset ratio: 26.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.1M | $1.4M | $373K | — | — |
| 2022 | $2.1M | $1.9M | $1.5M | $428K | — | View 990 |
| 2021 | $1.9M | $2.0M | $1.7M | $726K | — | View 990 |
| 2020 | $1.8M | $1.9M | $1.7M | $603K | — | — |
| 2019 | $1.7M | $2.1M | $1.7M | $575K | — | View 990 |
| 2018 | $1.7M | $2.0M | $1.9M | $453K | — | View 990 |
| 2017 | $1.7M | $1.8M | $2.1M | $320K | — | View 990 |
| 2016 | $1.7M | $1.8M | $2.2M | $289K | — | View 990 |
| 2015 | $1.8M | $1.9M | $2.3M | $281K | — | View 990 |
| 2014 | $1.8M | $1.8M | $2.2M | $113K | — | View 990 |
| 2013 | $1.7M | $1.8M | $2.2M | $86K | — | View 990 |
| 2012 | $1.7M | $1.5M | $2.3M | $123K | — | View 990 |
| 2011 | $1.8M | $1.7M | $2.1M | $102K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.1M, and assets of $1.4M (revenue +1.4% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.9M, and assets of $1.5M (revenue +12.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.0M, and assets of $1.7M (revenue +1.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.9M, and assets of $1.7M (revenue +4.2% year-over-year).
- 2019: Revenue of $1.7M, expenses of $2.1M, and assets of $1.7M (revenue +2.1% year-over-year).
- 2018: Revenue of $1.7M, expenses of $2.0M, and assets of $1.9M (revenue +0.1% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.8M, and assets of $2.1M (revenue -2.1% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.8M, and assets of $2.2M (revenue -1.4% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.9M, and assets of $2.3M (revenue +0.3% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $2.2M (revenue +2.0% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.8M, and assets of $2.2M (revenue -0.2% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.5M, and assets of $2.3M (revenue -1.5% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.7M, and assets of $2.1M.
Data Sources and Methodology
This transparency report for Great Neck Teachers Association Insurance Trust Fund 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.