Harbor Group Insurance Trust
EIN: 426365229 · Sioux Center, IA
Is Harbor Group Insurance Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Harbor Group Insurance Trust
Harbor Group Insurance Trust (EIN: 426365229) is a nonprofit organization based in Sioux Center, IA. The organization reported total revenue of $14.4M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harbor Group Insurance Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Harbor Group Insurance Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harbor Group Insurance Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Harbor Group Insurance Trust
Is Harbor Group Insurance Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Harbor Group Insurance Trust (EIN: 426365229) insufficient data. 0 red flags identified, 0 strengths noted.
How does Harbor Group Insurance Trust spend its money?
Detailed spending breakdown data is not yet available for Harbor Group Insurance Trust. Check back for updated IRS 990 analysis.
Are donations to Harbor Group Insurance Trust tax-deductible?
Harbor Group Insurance Trust is registered as a tax-exempt nonprofit (EIN: 426365229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Harbor Group Insurance Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harbor Group Insurance Trust's revenue has grown by 226%, moving from $3.9M to $12.8M. Total assets increased by 128.6% over the same period, from $1.1M to $2.4M. Total functional expenses rose by 205%, from $4.0M to $12.3M. In its most recent filing year (2023), Harbor Group Insurance Trust reported a surplus of $472K, with revenue exceeding expenses. The organization holds $78K in liabilities against $2.4M in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $12.8M | $12.3M | $2.4M | $78K | — | — |
| 2022 | $10.7M | $10.7M | $2.2M | $348K | — | View 990 |
| 2021 | $10.4M | $9.5M | $2.0M | $70K | — | View 990 |
| 2020 | $10.5M | $9.8M | $1.1M | $101K | — | — |
| 2019 | $7.7M | $7.9M | $676K | $254K | — | View 990 |
| 2018 | $6.3M | $6.4M | $777K | $213K | — | View 990 |
| 2017 | $5.2M | $5.3M | $896K | $243K | — | View 990 |
| 2016 | $3.5M | $4.5M | $878K | $87K | — | View 990 |
| 2015 | $4.4M | $4.0M | $1.8M | $50K | — | View 990 |
| 2014 | $5.7M | $5.3M | $1.4M | $779K | — | View 990 |
| 2013 | $4.6M | $4.5M | $1.1M | $927K | — | View 990 |
| 2012 | $3.9M | $3.8M | $985K | $945K | — | View 990 |
| 2011 | $3.9M | $4.0M | $1.1M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.8M, expenses of $12.3M, and assets of $2.4M (revenue +19.9% year-over-year).
- 2022: Revenue of $10.7M, expenses of $10.7M, and assets of $2.2M (revenue +2.6% year-over-year).
- 2021: Revenue of $10.4M, expenses of $9.5M, and assets of $2.0M (revenue -0.7% year-over-year).
- 2020: Revenue of $10.5M, expenses of $9.8M, and assets of $1.1M (revenue +35.0% year-over-year).
- 2019: Revenue of $7.7M, expenses of $7.9M, and assets of $676K (revenue +23.0% year-over-year).
- 2018: Revenue of $6.3M, expenses of $6.4M, and assets of $777K (revenue +21.1% year-over-year).
- 2017: Revenue of $5.2M, expenses of $5.3M, and assets of $896K (revenue +47.7% year-over-year).
- 2016: Revenue of $3.5M, expenses of $4.5M, and assets of $878K (revenue -19.5% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.0M, and assets of $1.8M (revenue -23.8% year-over-year).
- 2014: Revenue of $5.7M, expenses of $5.3M, and assets of $1.4M (revenue +25.1% year-over-year).
- 2013: Revenue of $4.6M, expenses of $4.5M, and assets of $1.1M (revenue +19.1% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.8M, and assets of $985K (revenue -1.8% year-over-year).
- 2011: Revenue of $3.9M, expenses of $4.0M, and assets of $1.1M.
Data Sources and Methodology
This transparency report for Harbor Group Insurance 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.