Illinois Automobile Insurance Plan
EIN: 366076571 · Johnston, RI
| Metric | Value |
|---|---|
| Total Revenue | $100K |
| Total Expenses | $339K |
| Net Assets | $11K |
Is Illinois Automobile Insurance Plan Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Illinois Automobile Insurance Plan
Illinois Automobile Insurance Plan (EIN: 366076571) is a nonprofit organization based in Johnston, RI. The organization reported total revenue of $100K and total assets of $277K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Illinois Automobile Insurance Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Illinois Automobile Insurance Plan is a small nonprofit that has been operating for 76 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $82K |
| Total Expenses | $339K |
| Surplus / Deficit | $-256,763 |
| Total Assets | $312K |
| Total Liabilities | $300K |
| Net Assets | $11K |
| Operating Margin | -312.1% |
| Debt-to-Asset Ratio | 96.3% |
| Months of Reserves | 11.0 months |
Financial Health Grade: C
In 2023, Illinois Automobile Insurance Plan reported a deficit of $257K with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 96.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Illinois Automobile Insurance Plan's revenue has declined at a compound annual growth rate (CAGR) of -11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.3% | +32.5% | -35.7% |
| 2022 | -28.9% | -25.4% | +8.9% |
| 2021 | +98.7% | +13.2% | +44.3% |
| 2020 | -77.1% | +39.4% | +636.4% |
| 2019 | +6.9% | -2.6% | +151.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1950 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Illinois Automobile Insurance Plan 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 Illinois Automobile Insurance Plan 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $257K, with expenses exceeding revenue.
- Debt-to-asset ratio: 96.3%.
Frequently Asked Questions about Illinois Automobile Insurance Plan
Is Illinois Automobile Insurance Plan a legitimate charity?
Illinois Automobile Insurance Plan (EIN: 366076571) is a registered tax-exempt nonprofit based in Rhode Island. It has 13 years of IRS 990 filings on record. Total revenue: $100K. No red flags identified. Financial health grade: C.
How does Illinois Automobile Insurance Plan spend its money?
Illinois Automobile Insurance Plan reported $100K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Illinois Automobile Insurance Plan tax-deductible?
Illinois Automobile Insurance Plan is registered as a tax-exempt nonprofit (EIN: 366076571). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Illinois Automobile Insurance Plan located?
Illinois Automobile Insurance Plan is headquartered in Johnston, Rhode Island and files with the IRS under EIN 366076571.
How many years of IRS 990 filings does Illinois Automobile Insurance Plan have?
Illinois 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 $100K in total revenue.
Filing History
IRS 990 filing history for Illinois Automobile Insurance Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Illinois Automobile Insurance Plan's revenue has declined by 77.6%, moving from $367K to $82K. Total assets increased by 258.7% over the same period, from $87K to $312K. Total functional expenses fell by 4.2%, from $354K to $339K. In its most recent filing year (2023), Illinois Automobile Insurance Plan reported a deficit of $257K, with expenses exceeding revenue. The organization holds $300K in liabilities against $312K in assets (debt-to-asset ratio: 96.3%), resulting in net assets of $11K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $82K | $339K | $312K | $300K | — | — |
| 2022 | $83K | $256K | $485K | $302K | — | View 990 |
| 2021 | $117K | $343K | $445K | $302K | — | View 990 |
| 2020 | $59K | $303K | $309K | $248K | — | — |
| 2019 | $258K | $217K | $42K | $135K | — | View 990 |
| 2018 | $241K | $223K | $17K | $117K | — | View 990 |
| 2017 | $217K | $205K | $14K | $146K | — | — |
| 2016 | $263K | $225K | $44K | $134K | — | View 990 |
| 2015 | $255K | $234K | $36K | $132K | — | View 990 |
| 2014 | $242K | $221K | $27K | $168K | — | View 990 |
| 2013 | $439K | $403K | $58K | $105K | — | View 990 |
| 2012 | $412K | $418K | $54K | $237K | — | View 990 |
| 2011 | $367K | $354K | $87K | $207K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $82K, expenses of $339K, and assets of $312K (revenue -1.3% year-over-year).
- 2022: Revenue of $83K, expenses of $256K, and assets of $485K (revenue -28.9% year-over-year).
- 2021: Revenue of $117K, expenses of $343K, and assets of $445K (revenue +98.7% year-over-year).
- 2020: Revenue of $59K, expenses of $303K, and assets of $309K (revenue -77.1% year-over-year).
- 2019: Revenue of $258K, expenses of $217K, and assets of $42K (revenue +6.9% year-over-year).
- 2018: Revenue of $241K, expenses of $223K, and assets of $17K (revenue +11.3% year-over-year).
- 2017: Revenue of $217K, expenses of $205K, and assets of $14K (revenue -17.7% year-over-year).
- 2016: Revenue of $263K, expenses of $225K, and assets of $44K (revenue +3.0% year-over-year).
- 2015: Revenue of $255K, expenses of $234K, and assets of $36K (revenue +5.7% year-over-year).
- 2014: Revenue of $242K, expenses of $221K, and assets of $27K (revenue -45.0% year-over-year).
- 2013: Revenue of $439K, expenses of $403K, and assets of $58K (revenue +6.6% year-over-year).
- 2012: Revenue of $412K, expenses of $418K, and assets of $54K (revenue +12.2% year-over-year).
- 2011: Revenue of $367K, expenses of $354K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Illinois Automobile Insurance Plan:
Data Sources and Methodology
This transparency report for Illinois 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.