Independent Insurance Agents Of Westchester County Inc
Independent Insurance Agents Of Westchester County Inc maintains stable finances with no executive compensation and zero liabilities.
EIN: 133229227 · Brick, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $162K |
| Total Expenses | $161K |
| Program Spending | 80% |
| Net Assets | $39K |
| Transparency Score | 85/100 |
Is Independent Insurance Agents Of Westchester County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Insurance Agents Of Westchester County Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independent Insurance Agents Of Westchester County Inc
Independent Insurance Agents Of Westchester County Inc (EIN: 133229227) is a nonprofit organization based in Brick, NJ. The organization reported total revenue of $162K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Insurance Agents Of Westchester County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Insurance Agents Of Westchester County Inc is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $170K |
| Total Expenses | $161K |
| Surplus / Deficit | +$9K |
| Total Assets | $39K |
| Net Assets | $39K |
| Operating Margin | 5.4% |
| Months of Reserves | 2.9 months |
Financial Health Grade: A
In 2023, Independent Insurance Agents Of Westchester County Inc reported a surplus of $9K with revenue exceeding expenses, holds 2.9 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Independent Insurance Agents Of Westchester County Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +0.3% | +31.6% |
| 2022 | +135.3% | +96.8% | +15.6% |
| 2021 | -30.9% | -9.5% | -31.4% |
| 2020 | -38.1% | -43.2% | +42.6% |
| 2019 | +1.3% | -9.9% | +22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1988 |
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 Independent Insurance Agents Of Westchester County Inc with a Mission Score of 85 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Independent Insurance Agents Of Westchester County Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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 surplus of $9K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its size and suggests a volunteer-led structure.
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 Independent Insurance Agents Of Westchester County Inc's IRS 990 filings:
- NTEE Code Unknown (limits understanding of mission focus)
- Lack of detailed program spending breakdown in provided data (hinders precise efficiency assessment)
Strengths
The following positive indicators were identified for Independent Insurance Agents Of Westchester County Inc:
- Consistent reporting of $0 liabilities (strong financial health)
- 0% officer compensation (resources not diverted to executive salaries)
- Stable revenue generation over multiple years
- Consistent IRS 990 filing history (transparency)
Frequently Asked Questions about Independent Insurance Agents Of Westchester County Inc
Is Independent Insurance Agents Of Westchester County Inc a legitimate charity?
Independent Insurance Agents Of Westchester County Inc (EIN: 133229227) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $162K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Independent Insurance Agents Of Westchester County Inc spend its money?
Independent Insurance Agents Of Westchester County Inc directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Independent Insurance Agents Of Westchester County Inc tax-deductible?
Independent Insurance Agents Of Westchester County Inc is registered as a tax-exempt nonprofit (EIN: 133229227). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Independent Insurance Agents Of Westchester County Inc located?
Independent Insurance Agents Of Westchester County Inc is headquartered in Brick, New Jersey and files with the IRS under EIN 133229227.
How many years of IRS 990 filings does Independent Insurance Agents Of Westchester County Inc have?
Independent Insurance Agents Of Westchester County Inc 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 $162K in total revenue.
Is Independent Insurance Agents Of Westchester County Inc financially stable?
Yes, the organization appears financially stable. It consistently generates revenues that cover its expenses, and notably, it reports $0 in liabilities across all available filings, indicating a very low financial risk profile.
Does this organization pay its executives?
No, the IRS 990 data consistently shows 0% officer compensation, meaning no salaries or other compensation are reported for its executives or officers.
How has the organization's revenue trended?
The organization's revenue has been relatively stable, generally fluctuating between $150,000 and $170,000 in most recent years, with a dip to $69,938 in 2021 and a high of $170,329 in 2023.
Filing History
IRS 990 filing history for Independent Insurance Agents Of Westchester County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Insurance Agents Of Westchester County Inc's revenue has grown by 13.8%, moving from $150K to $170K. Total assets decreased by 55.3% over the same period, from $86K to $39K. Total functional expenses rose by 33.6%, from $121K to $161K. In its most recent filing year (2023), Independent Insurance Agents Of Westchester County Inc reported a surplus of $9K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $170K | $161K | $39K | $0 | — | View 990 |
| 2022 | $165K | $161K | $29K | $0 | — | View 990 |
| 2021 | $70K | $82K | $25K | $0 | — | — |
| 2020 | $101K | $90K | $37K | $0 | — | View 990 |
| 2019 | $164K | $159K | $26K | $0 | — | View 990 |
| 2018 | $162K | $176K | $21K | $0 | — | View 990 |
| 2017 | $151K | $155K | $36K | $0 | — | View 990 |
| 2016 | $156K | $154K | $40K | $0 | — | View 990 |
| 2015 | $155K | $166K | $38K | $0 | — | View 990 |
| 2014 | $151K | $133K | $49K | $0 | — | View 990 |
| 2013 | $141K | $159K | $31K | $0 | — | View 990 |
| 2012 | $152K | $189K | $49K | $0 | — | View 990 |
| 2011 | $150K | $121K | $86K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $170K, expenses of $161K, and assets of $39K (revenue +3.5% year-over-year).
- 2022: Revenue of $165K, expenses of $161K, and assets of $29K (revenue +135.3% year-over-year).
- 2021: Revenue of $70K, expenses of $82K, and assets of $25K (revenue -30.9% year-over-year).
- 2020: Revenue of $101K, expenses of $90K, and assets of $37K (revenue -38.1% year-over-year).
- 2019: Revenue of $164K, expenses of $159K, and assets of $26K (revenue +1.3% year-over-year).
- 2018: Revenue of $162K, expenses of $176K, and assets of $21K (revenue +6.8% year-over-year).
- 2017: Revenue of $151K, expenses of $155K, and assets of $36K (revenue -2.8% year-over-year).
- 2016: Revenue of $156K, expenses of $154K, and assets of $40K (revenue +0.7% year-over-year).
- 2015: Revenue of $155K, expenses of $166K, and assets of $38K (revenue +2.3% year-over-year).
- 2014: Revenue of $151K, expenses of $133K, and assets of $49K (revenue +7.1% year-over-year).
- 2013: Revenue of $141K, expenses of $159K, and assets of $31K (revenue -7.4% year-over-year).
- 2012: Revenue of $152K, expenses of $189K, and assets of $49K (revenue +1.8% year-over-year).
- 2011: Revenue of $150K, expenses of $121K, and assets of $86K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Insurance Agents Of Westchester County Inc:
Data Sources and Methodology
This transparency report for Independent Insurance Agents Of Westchester County Inc 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.