Mississippi Workers Compensation Self Insurer Guaranty Assc
Mississippi Workers Compensation Self Insurer Guaranty Assc maintains over $1 million in assets with zero liabilities and no officer compensation.
EIN: 201973267 · Ridgeland, MS · NTEE: Y25 · Updated: 2026-03-28
Is Mississippi Workers Compensation Self Insurer Guaranty Assc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mississippi Workers Compensation Self Insurer Guaranty Assc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mississippi Workers Compensation Self Insurer Guaranty Assc
Mississippi Workers Compensation Self Insurer Guaranty Assc (EIN: 201973267) is a nonprofit organization based in Ridgeland, MS, classified under NTEE code Y25. The organization reported total revenue of $214K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mississippi Workers Compensation Self Insurer Guaranty Assc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mississippi Workers Compensation Self Insurer Guaranty Assc is a small nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 64.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $47K |
| Surplus / Deficit | $-8,859 |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | -23.0% |
| Months of Reserves | 294.9 months |
Financial Health Grade: B
In 2023, Mississippi Workers Compensation Self Insurer Guaranty Assc reported a deficit of $9K with expenses exceeding revenue, holds 294.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Mississippi Workers Compensation Self Insurer Guaranty Assc's revenue has grown at a compound annual growth rate (CAGR) of 64.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.8% | +2.9% | +1.2% |
| 2022 | +41.3% | -1.5% | -5.0% |
| 2021 | -19.9% | +13.4% | -1.9% |
| 2020 | -78.8% | -31.3% | +2.1% |
| 2019 | +619.8% | -51.3% | +24.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Mississippi Workers Compensation Self Insurer Guaranty Assc 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Mississippi Workers Compensation Self Insurer Guaranty Assc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 deficit of $9K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization operates without paid officers, which is highly unusual for an organization with over $1 million in assets and suggests a volunteer-driven leadership 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 Mississippi Workers Compensation Self Insurer Guaranty Assc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $298,775 in 2015 vs. $5,736 in 2014)
- Expenses exceeding revenue in some recent years (e.g., 2023: $47,306 expenses vs. $38,447 revenue)
Strengths
The following positive indicators were identified for Mississippi Workers Compensation Self Insurer Guaranty Assc:
- Consistently high asset base (over $1 million)
- Zero reported liabilities across all filings, indicating strong financial health
- 0% officer compensation, suggesting high efficiency and volunteer leadership
- Consistent IRS 990 filing history, demonstrating transparency
- Strong balance sheet allows resilience despite revenue fluctuations
Frequently Asked Questions about Mississippi Workers Compensation Self Insurer Guaranty Assc
Is Mississippi Workers Compensation Self Insurer Guaranty Assc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mississippi Workers Compensation Self Insurer Guaranty Assc (EIN: 201973267) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Mississippi Workers Compensation Self Insurer Guaranty Assc spend its money?
Mississippi Workers Compensation Self Insurer Guaranty Assc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mississippi Workers Compensation Self Insurer Guaranty Assc tax-deductible?
Mississippi Workers Compensation Self Insurer Guaranty Assc is registered as a tax-exempt nonprofit (EIN: 201973267). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that its operational structure does not involve direct compensation to its officers, possibly through affiliated entities or pro-bono services.
What is the primary source of the organization's revenue?
While the filings show fluctuating revenue, the NTEE code Y25 (Insurance Providers) suggests that revenue likely comes from assessments, fees, or contributions related to workers' compensation self-insurance guaranty mechanisms, rather than traditional public donations.
Given the fluctuating revenue, how does the organization maintain financial stability?
The organization maintains financial stability through its substantial asset base, which consistently exceeds $1 million, and its complete absence of liabilities. This strong balance sheet allows it to absorb periods of lower revenue without financial distress.
What are the specific programs or activities the organization undertakes?
As a Workers Compensation Self Insurer Guaranty Association (NTEE Y25), its primary activities would typically involve protecting workers and employers in the event a self-insured employer becomes insolvent, ensuring the payment of workers' compensation benefits.
Filing History
IRS 990 filing history for Mississippi Workers Compensation Self Insurer Guaranty Assc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mississippi Workers Compensation Self Insurer Guaranty Assc's revenue has grown by 40370.5%, moving from $95 to $38K. Total assets increased by 21.3% over the same period, from $958K to $1.2M. Total functional expenses fell by 34.8%, from $73K to $47K. In its most recent filing year (2023), Mississippi Workers Compensation Self Insurer Guaranty Assc reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $47K | $1.2M | $0 | — | — |
| 2022 | $58K | $46K | $1.1M | $0 | — | — |
| 2021 | $41K | $47K | $1.2M | $0 | — | — |
| 2020 | $51K | $41K | $1.2M | $0 | — | — |
| 2019 | $242K | $60K | $1.2M | $0 | — | View 990 |
| 2018 | $34K | $123K | $972K | $0 | — | View 990 |
| 2017 | $290K | $80K | $1.1M | $0 | — | View 990 |
| 2016 | $12K | $80K | $885K | $0 | — | View 990 |
| 2015 | $299K | $109K | $970K | $0 | — | View 990 |
| 2014 | $6K | $73K | $781K | $0 | — | View 990 |
| 2013 | $6K | $61K | $848K | $0 | — | View 990 |
| 2012 | $7K | $62K | $903K | $0 | — | View 990 |
| 2011 | $95 | $73K | $958K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $47K, and assets of $1.2M (revenue -33.8% year-over-year).
- 2022: Revenue of $58K, expenses of $46K, and assets of $1.1M (revenue +41.3% year-over-year).
- 2021: Revenue of $41K, expenses of $47K, and assets of $1.2M (revenue -19.9% year-over-year).
- 2020: Revenue of $51K, expenses of $41K, and assets of $1.2M (revenue -78.8% year-over-year).
- 2019: Revenue of $242K, expenses of $60K, and assets of $1.2M (revenue +619.8% year-over-year).
- 2018: Revenue of $34K, expenses of $123K, and assets of $972K (revenue -88.4% year-over-year).
- 2017: Revenue of $290K, expenses of $80K, and assets of $1.1M (revenue +2305.7% year-over-year).
- 2016: Revenue of $12K, expenses of $80K, and assets of $885K (revenue -96.0% year-over-year).
- 2015: Revenue of $299K, expenses of $109K, and assets of $970K (revenue +5108.8% year-over-year).
- 2014: Revenue of $6K, expenses of $73K, and assets of $781K (revenue +2.6% year-over-year).
- 2013: Revenue of $6K, expenses of $61K, and assets of $848K (revenue -19.9% year-over-year).
- 2012: Revenue of $7K, expenses of $62K, and assets of $903K (revenue +7247.4% year-over-year).
- 2011: Revenue of $95, expenses of $73K, and assets of $958K.
Data Sources and Methodology
This transparency report for Mississippi Workers Compensation Self Insurer Guaranty Assc 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.