Nassau County School Cooperative Workers Compensation Self Insrd Tr
Nassau County School Cooperative Workers Compensation Self Insured Trust maintains stable finances with no officer compensation.
EIN: 112937849 · Wantagh, NY · NTEE: Y20Z · Updated: 2026-03-28
Is Nassau County School Cooperative Workers Compensation Self Insrd Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nassau County School Cooperative Workers Compensation Self Insrd Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nassau County School Cooperative Workers Compensation Self Insrd Tr
Nassau County School Cooperative Workers Compensation Self Insrd Tr (EIN: 112937849) is a nonprofit organization based in Wantagh, NY, classified under NTEE code Y20Z. The organization reported total revenue of $8.5M and total assets of $29.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nassau County School Cooperative Workers Compensation Self Insrd Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nassau County School Cooperative Workers Compensation Self Insrd Tr is a mid-size nonprofit that has been operating for 36 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.6M |
| Total Expenses | $8.7M |
| Surplus / Deficit | $-33,889 |
| Total Assets | $29.7M |
| Total Liabilities | $21.2M |
| Net Assets | $8.5M |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 71.3% |
| Months of Reserves | 41.2 months |
Financial Health Grade: C
In 2024, Nassau County School Cooperative Workers Compensation Self Insrd Tr reported a deficit of $34K with expenses exceeding revenue, holds 41.2 months of operating reserves (strong position), has a debt-to-asset ratio of 71.3% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Nassau County School Cooperative Workers Compensation Self Insrd Tr's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.7% | +29.8% | +9.6% |
| 2023 | +16.1% | -5.3% | +9.1% |
| 2022 | +6.3% | +17.5% | +6.2% |
| 2021 | -1.3% | +13.8% | +7.7% |
| 2020 | +3.8% | -6.9% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Nassau County School Cooperative Workers Compensation Self Insrd Tr 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Nassau County School Cooperative Workers Compensation Self Insrd Tr allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 71.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers do not receive salaries from the organization, which is highly unusual for an entity of this size with nearly $30 million in assets.
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.
Strengths
The following positive indicators were identified for Nassau County School Cooperative Workers Compensation Self Insrd Tr:
- Consistent financial growth in revenue and assets, with assets growing from $21.7M in 2020 to $29.7M in 2024.
- Zero officer compensation reported across all filings, indicating high efficiency in executive pay.
- Expenses generally align with revenue, demonstrating effective financial management (e.g., 2024 expenses of $8.66M vs. revenue of $8.63M).
- Stable and long filing history (14 filings), suggesting consistent operation and transparency.
Frequently Asked Questions about Nassau County School Cooperative Workers Compensation Self Insrd Tr
Is Nassau County School Cooperative Workers Compensation Self Insrd Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Nassau County School Cooperative Workers Compensation Self Insrd Tr (EIN: 112937849) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Nassau County School Cooperative Workers Compensation Self Insrd Tr spend its money?
Nassau County School Cooperative Workers Compensation Self Insrd Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nassau County School Cooperative Workers Compensation Self Insrd Tr tax-deductible?
Nassau County School Cooperative Workers Compensation Self Insrd Tr is registered as a tax-exempt nonprofit (EIN: 112937849). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Nassau County School Cooperative Workers Compensation Self Insrd Tr a good charity?
Based on the available data, the organization appears to be a well-managed and efficient entity fulfilling its specific purpose as a self-insured trust. Its consistent financial growth, low expense ratios relative to revenue, and 0% officer compensation suggest strong financial health and a focus on its mission.
How does the organization manage its liabilities?
The organization's liabilities have grown from $15,920,226 in 2020 to $21,217,328 in 2024, generally in proportion to its asset growth. This indicates that the trust is actively managing its self-insurance obligations, which inherently involve significant liabilities.
What is the trend in the organization's financial growth?
The organization has shown consistent financial growth, with revenue increasing from $6,970,812 in 2020 to $8,635,329 in 2024, and assets growing from $21,748,137 to $29,737,411 over the same period. This indicates a healthy and expanding financial base.
Filing History
IRS 990 filing history for Nassau County School Cooperative Workers Compensation Self Insrd Tr showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Nassau County School Cooperative Workers Compensation Self Insrd Tr's revenue has grown by 76.6%, moving from $4.9M to $8.6M. Total assets increased by 136.1% over the same period, from $12.6M to $29.7M. Total functional expenses rose by 39%, from $6.2M to $8.7M. In its most recent filing year (2024), Nassau County School Cooperative Workers Compensation Self Insrd Tr reported a deficit of $34K, with expenses exceeding revenue. The organization holds $21.2M in liabilities against $29.7M in assets (debt-to-asset ratio: 71.3%), resulting in net assets of $8.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $8.6M | $8.7M | $29.7M | $21.2M | — | View 990 |
| 2023 | $8.5M | $6.7M | $27.1M | $18.6M | — | View 990 |
| 2022 | $7.3M | $7.1M | $24.9M | $18.1M | — | View 990 |
| 2021 | $6.9M | $6.0M | $23.4M | $16.8M | — | View 990 |
| 2020 | $7.0M | $5.3M | $21.7M | $15.9M | — | View 990 |
| 2019 | $6.7M | $5.7M | $20.7M | $16.7M | — | View 990 |
| 2018 | $6.3M | $6.8M | $20.0M | $17.4M | — | View 990 |
| 2017 | $6.2M | $4.9M | $19.5M | $16.4M | — | View 990 |
| 2016 | $5.9M | $4.3M | $18.2M | $16.4M | — | View 990 |
| 2015 | $5.5M | $4.9M | $16.8M | $16.6M | — | View 990 |
| 2014 | $5.0M | $4.8M | $15.9M | $16.1M | — | View 990 |
| 2013 | $5.0M | $1.5M | $14.0M | $14.6M | — | View 990 |
| 2012 | $4.6M | $6.9M | $13.1M | $17.2M | — | View 990 |
| 2011 | $4.9M | $6.2M | $12.6M | $14.3M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $8.6M, expenses of $8.7M, and assets of $29.7M (revenue +1.7% year-over-year).
- 2023: Revenue of $8.5M, expenses of $6.7M, and assets of $27.1M (revenue +16.1% year-over-year).
- 2022: Revenue of $7.3M, expenses of $7.1M, and assets of $24.9M (revenue +6.3% year-over-year).
- 2021: Revenue of $6.9M, expenses of $6.0M, and assets of $23.4M (revenue -1.3% year-over-year).
- 2020: Revenue of $7.0M, expenses of $5.3M, and assets of $21.7M (revenue +3.8% year-over-year).
- 2019: Revenue of $6.7M, expenses of $5.7M, and assets of $20.7M (revenue +6.4% year-over-year).
- 2018: Revenue of $6.3M, expenses of $6.8M, and assets of $20.0M (revenue +1.7% year-over-year).
- 2017: Revenue of $6.2M, expenses of $4.9M, and assets of $19.5M (revenue +5.6% year-over-year).
- 2016: Revenue of $5.9M, expenses of $4.3M, and assets of $18.2M (revenue +7.3% year-over-year).
- 2015: Revenue of $5.5M, expenses of $4.9M, and assets of $16.8M (revenue +8.8% year-over-year).
- 2014: Revenue of $5.0M, expenses of $4.8M, and assets of $15.9M (revenue -0.1% year-over-year).
- 2013: Revenue of $5.0M, expenses of $1.5M, and assets of $14.0M (revenue +10.2% year-over-year).
- 2012: Revenue of $4.6M, expenses of $6.9M, and assets of $13.1M (revenue -6.5% year-over-year).
- 2011: Revenue of $4.9M, expenses of $6.2M, and assets of $12.6M.
Data Sources and Methodology
This transparency report for Nassau County School Cooperative Workers Compensation Self Insrd Tr 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.