National Association Of Surety Bond Producers Inc
National Association Of Surety Bond Producers Inc shows consistent financial growth and stability with no reported officer compensation.
EIN: 132657769 · Bethesda, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $4.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $6.7M |
| Transparency Score | 85/100 |
Is National Association Of Surety Bond Producers Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Association Of Surety Bond Producers Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Association Of Surety Bond Producers Inc
National Association Of Surety Bond Producers Inc (EIN: 132657769) is a nonprofit organization based in Bethesda, MD. The organization reported total revenue of $5.8M and total assets of $9.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Association Of Surety Bond Producers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Association Of Surety Bond Producers Inc is a mid-size nonprofit that has been operating for 56 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $4.5M |
| Surplus / Deficit | +$89K |
| Total Assets | $8.8M |
| Total Liabilities | $2.1M |
| Net Assets | $6.7M |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 24.2% |
| Months of Reserves | 23.3 months |
Financial Health Grade: A
In 2023, National Association Of Surety Bond Producers Inc reported a surplus of $89K with revenue exceeding expenses, holds 23.3 months of operating reserves (strong position), has a debt-to-asset ratio of 24.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), National Association Of Surety Bond Producers Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.6% | +13.1% | +6.8% |
| 2022 | +9.8% | +21.7% | -1.0% |
| 2021 | +16.0% | +5.6% | +16.4% |
| 2020 | -20.0% | -21.9% | +3.7% |
| 2019 | +3.3% | -0.2% | +7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1970 |
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 National Association Of Surety Bond Producers 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, National Association Of Surety Bond Producers Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $89K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with revenues exceeding $4 million annually. This suggests that executive leadership may be volunteer-based, compensated through a related entity, or that compensation is categorized differently within the full 990 filing.
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 National Association Of Surety Bond Producers Inc's IRS 990 filings:
- Lack of detailed spending breakdown in summary data
- 0% officer compensation reported, which is unusual for an organization of this size and could obscure executive remuneration if paid through other means.
Strengths
The following positive indicators were identified for National Association Of Surety Bond Producers Inc:
- Consistent revenue growth, from $3,428,586 in 2014 to $4,626,432 in 2023.
- Strong and growing asset base, increasing from $6,371,684 in 2014 to $8,817,902 in 2023.
- Generally operates with a surplus, indicating sound financial management (e.g., $89,413 surplus in 2023).
- Manageable liabilities relative to assets, suggesting good financial health.
Frequently Asked Questions about National Association Of Surety Bond Producers Inc
Is National Association Of Surety Bond Producers Inc a legitimate charity?
National Association Of Surety Bond Producers Inc (EIN: 132657769) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does National Association Of Surety Bond Producers Inc spend its money?
National Association Of Surety Bond Producers Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to National Association Of Surety Bond Producers Inc tax-deductible?
National Association Of Surety Bond Producers Inc is registered as a tax-exempt nonprofit (EIN: 132657769). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the National Association Of Surety Bond Producers Inc CEO make?
National Association Of Surety Bond Producers Inc's highest-compensated officer earns $4 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of National Association Of Surety Bond Producers Inc's spending goes to programs?
National Association Of Surety Bond Producers Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is National Association Of Surety Bond Producers Inc located?
National Association Of Surety Bond Producers Inc is headquartered in Bethesda, Maryland and files with the IRS under EIN 132657769.
How many years of IRS 990 filings does National Association Of Surety Bond Producers Inc have?
National Association Of Surety Bond Producers 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 $5.8M in total revenue.
How does NASBP manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests that executive leadership may be volunteer-based, compensated through a related entity, or that compensation is categorized differently within the full 990 filing, such as under 'salaries and wages' for non-officer staff.
What is the specific breakdown of program vs. administrative spending?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. A full IRS 990 filing would be necessary to ascertain the exact percentages for these categories and evaluate spending efficiency more precisely.
Is the organization's asset growth sustainable?
Yes, the organization has shown consistent asset growth, from $6,371,684 in 2014 to $8,817,902 in 2023, alongside revenue growth. This indicates a healthy financial trajectory and prudent management of resources, suggesting sustainable growth.
Filing History
IRS 990 filing history for National Association Of Surety Bond Producers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Association Of Surety Bond Producers Inc's revenue has grown by 50%, moving from $3.1M to $4.6M. Total assets increased by 78.1% over the same period, from $5.0M to $8.8M. Total functional expenses rose by 52.8%, from $3.0M to $4.5M. In its most recent filing year (2023), National Association Of Surety Bond Producers Inc reported a surplus of $89K, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $8.8M in assets (debt-to-asset ratio: 24.2%), resulting in net assets of $6.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $4.5M | $8.8M | $2.1M | — | View 990 |
| 2022 | $4.0M | $4.0M | $8.3M | $2.3M | — | View 990 |
| 2021 | $3.6M | $3.3M | $8.3M | $1.4M | — | — |
| 2020 | $3.1M | $3.1M | $7.2M | $740K | — | — |
| 2019 | $3.9M | $4.0M | $6.9M | $1.1M | — | View 990 |
| 2018 | $3.8M | $4.0M | $6.4M | $1.2M | — | View 990 |
| 2017 | $3.9M | $4.2M | $6.8M | $947K | — | View 990 |
| 2016 | $3.8M | $3.7M | $6.8M | $1.1M | — | View 990 |
| 2015 | $3.7M | $3.5M | $6.5M | $1.1M | — | View 990 |
| 2014 | $3.4M | $3.4M | $6.4M | $1.0M | — | View 990 |
| 2013 | $3.3M | $3.2M | $6.0M | $768K | — | View 990 |
| 2012 | $3.2M | $2.9M | $5.5M | $878K | — | View 990 |
| 2011 | $3.1M | $3.0M | $5.0M | $770K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $4.5M, and assets of $8.8M (revenue +15.6% year-over-year).
- 2022: Revenue of $4.0M, expenses of $4.0M, and assets of $8.3M (revenue +9.8% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.3M, and assets of $8.3M (revenue +16.0% year-over-year).
- 2020: Revenue of $3.1M, expenses of $3.1M, and assets of $7.2M (revenue -20.0% year-over-year).
- 2019: Revenue of $3.9M, expenses of $4.0M, and assets of $6.9M (revenue +3.3% year-over-year).
- 2018: Revenue of $3.8M, expenses of $4.0M, and assets of $6.4M (revenue -1.8% year-over-year).
- 2017: Revenue of $3.9M, expenses of $4.2M, and assets of $6.8M (revenue +2.7% year-over-year).
- 2016: Revenue of $3.8M, expenses of $3.7M, and assets of $6.8M (revenue +2.0% year-over-year).
- 2015: Revenue of $3.7M, expenses of $3.5M, and assets of $6.5M (revenue +7.8% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.4M, and assets of $6.4M (revenue +2.7% year-over-year).
- 2013: Revenue of $3.3M, expenses of $3.2M, and assets of $6.0M (revenue +3.2% year-over-year).
- 2012: Revenue of $3.2M, expenses of $2.9M, and assets of $5.5M (revenue +4.9% year-over-year).
- 2011: Revenue of $3.1M, expenses of $3.0M, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Association Of Surety Bond Producers Inc:
Data Sources and Methodology
This transparency report for National Association Of Surety Bond Producers 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.