Insurance Collection Executives
Insurance Collection Executives shows fluctuating revenue but consistent asset management and no executive compensation.
EIN: 202823015 · Chester, NJ · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $510K |
| Total Expenses | $443K |
| Program Spending | 80% |
| Net Assets | $336K |
| Transparency Score | 85/100 |
Is Insurance Collection Executives Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Insurance Collection Executives directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Insurance Collection Executives
Insurance Collection Executives (EIN: 202823015) is a nonprofit organization based in Chester, NJ, classified under NTEE code S41. The organization reported total revenue of $510K and total assets of $445K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Insurance Collection Executives's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Insurance Collection Executives is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $460K |
| Total Expenses | $443K |
| Surplus / Deficit | +$17K |
| Total Assets | $395K |
| Total Liabilities | $59K |
| Net Assets | $336K |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 15.0% |
| Months of Reserves | 10.7 months |
Financial Health Grade: A
In 2024, Insurance Collection Executives reported a surplus of $17K with revenue exceeding expenses, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 15.0% (very low leverage).
Financial Trends
Over 12 years of filings (2013–2024), Insurance Collection Executives's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +31.5% | +7.5% | +7.6% |
| 2023 | +103.2% | +98.4% | -14.4% |
| 2022 | -10.4% | -9.1% | -7.2% |
| 2021 | -60.9% | -37.1% | -3.6% |
| 2020 | +17.4% | -19.0% | +37.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Insurance Collection Executives 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Insurance Collection Executives allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.0%.
Executive Compensation Analysis
Insurance Collection Executives consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a strong positive for financial efficiency and demonstrates a commitment to directing all funds towards the organization's mission.
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 Insurance Collection Executives's IRS 990 filings:
- Significant revenue volatility in recent years (e.g., $492,319 in 2020 down to $172,329 in 2022, then up to $460,461 in 2024) could indicate reliance on unpredictable funding sources or events.
Strengths
The following positive indicators were identified for Insurance Collection Executives:
- Consistent 0% officer compensation across all filings, indicating strong financial efficiency and dedication to mission.
- Stable asset base (e.g., $444,891 latest assets) despite revenue fluctuations, suggesting good financial management.
- Effective management of liabilities, generally keeping them at manageable levels (e.g., $59,217 in 2024).
- Strong recovery in revenue from 2022 to 2024, demonstrating resilience and adaptability.
Frequently Asked Questions about Insurance Collection Executives
Is Insurance Collection Executives a legitimate charity?
Insurance Collection Executives (EIN: 202823015) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $510K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Insurance Collection Executives spend its money?
Insurance Collection Executives directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Insurance Collection Executives tax-deductible?
Insurance Collection Executives is registered as a tax-exempt nonprofit (EIN: 202823015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Insurance Collection Executives's spending goes to programs?
Insurance Collection Executives directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Insurance Collection Executives compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Insurance Collection Executives is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Insurance Collection Executives located?
Insurance Collection Executives is headquartered in Chester, New Jersey and files with the IRS under EIN 202823015. It is classified under NTEE code S41.
How many years of IRS 990 filings does Insurance Collection Executives have?
Insurance Collection Executives has 12 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 $510K in total revenue.
Is Insurance Collection Executives financially stable?
Yes, while revenue has fluctuated, the organization has maintained consistent asset levels (e.g., $444,891 in latest assets) and managed liabilities effectively, suggesting underlying financial stability.
How does Insurance Collection Executives manage executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers.
What caused the significant revenue drop between 2020 and 2022?
Revenue decreased from $492,319 in 2020 to $172,329 in 2022. The IRS 990 data alone does not specify the exact cause, but it suggests a potential impact from external factors or changes in funding streams during that period.
How efficient is Insurance Collection Executives in its spending?
With 0% officer compensation and a strong program spending estimate (80%), the organization appears to be highly efficient in directing resources towards its mission. However, a detailed functional expense breakdown would provide more precise insights.
Filing History
IRS 990 filing history for Insurance Collection Executives showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2024), Insurance Collection Executives's revenue has grown by 67.6%, moving from $275K to $460K. Total assets increased by 80.6% over the same period, from $219K to $395K. Total functional expenses rose by 118.9%, from $202K to $443K. In its most recent filing year (2024), Insurance Collection Executives reported a surplus of $17K, with revenue exceeding expenses. The organization holds $59K in liabilities against $395K in assets (debt-to-asset ratio: 15.0%), resulting in net assets of $336K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $460K | $443K | $395K | $59K | — | — |
| 2023 | $350K | $412K | $367K | $49K | — | — |
| 2022 | $172K | $208K | $428K | $48K | — | View 990 |
| 2021 | $192K | $229K | $462K | $49K | — | View 990 |
| 2020 | $492K | $363K | $479K | $34K | — | View 990 |
| 2019 | $419K | $449K | $349K | $38K | — | View 990 |
| 2018 | $373K | $389K | $384K | $46K | — | View 990 |
| 2017 | $373K | $352K | $410K | $57K | — | View 990 |
| 2016 | $350K | $319K | $417K | $87K | — | View 990 |
| 2015 | $331K | $314K | $333K | $33K | — | View 990 |
| 2014 | $327K | $256K | $313K | $30K | — | View 990 |
| 2013 | $275K | $202K | $219K | $6K | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $460K, expenses of $443K, and assets of $395K (revenue +31.5% year-over-year).
- 2023: Revenue of $350K, expenses of $412K, and assets of $367K (revenue +103.2% year-over-year).
- 2022: Revenue of $172K, expenses of $208K, and assets of $428K (revenue -10.4% year-over-year).
- 2021: Revenue of $192K, expenses of $229K, and assets of $462K (revenue -60.9% year-over-year).
- 2020: Revenue of $492K, expenses of $363K, and assets of $479K (revenue +17.4% year-over-year).
- 2019: Revenue of $419K, expenses of $449K, and assets of $349K (revenue +12.3% year-over-year).
- 2018: Revenue of $373K, expenses of $389K, and assets of $384K (revenue +0.1% year-over-year).
- 2017: Revenue of $373K, expenses of $352K, and assets of $410K (revenue +6.5% year-over-year).
- 2016: Revenue of $350K, expenses of $319K, and assets of $417K (revenue +5.9% year-over-year).
- 2015: Revenue of $331K, expenses of $314K, and assets of $333K (revenue +1.2% year-over-year).
- 2014: Revenue of $327K, expenses of $256K, and assets of $313K (revenue +19.0% year-over-year).
- 2013: Revenue of $275K, expenses of $202K, and assets of $219K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Insurance Collection Executives:
Data Sources and Methodology
This transparency report for Insurance Collection Executives 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.