New Hampshire Association Of Insurance Agents Inc
New Hampshire Association Of Insurance Agents Inc shows consistent asset growth and no reported officer compensation over a decade.
EIN: 20207161 · Concord, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $591K |
| Total Expenses | $625K |
| Program Spending | 80% |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is New Hampshire Association Of Insurance Agents Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Hampshire Association Of Insurance Agents Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hampshire Association Of Insurance Agents Inc
New Hampshire Association Of Insurance Agents Inc (EIN: 20207161) is a nonprofit organization based in Concord, NH. The organization reported total revenue of $591K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampshire Association Of Insurance Agents Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hampshire Association Of Insurance Agents Inc is a small nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $707K |
| Total Expenses | $625K |
| Surplus / Deficit | +$82K |
| Total Assets | $1.3M |
| Total Liabilities | $148K |
| Net Assets | $1.2M |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 11.1% |
| Months of Reserves | 25.5 months |
Financial Health Grade: A
In 2023, New Hampshire Association Of Insurance Agents Inc reported a surplus of $82K with revenue exceeding expenses, holds 25.5 months of operating reserves (strong position), has a debt-to-asset ratio of 11.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Hampshire Association Of Insurance Agents Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | +11.0% | +5.7% |
| 2022 | -11.6% | +5.6% | +3.2% |
| 2021 | +3.3% | -14.0% | +17.4% |
| 2020 | -4.6% | -9.9% | +9.7% |
| 2019 | -8.3% | -2.4% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 New Hampshire Association Of Insurance Agents 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, New Hampshire Association Of Insurance Agents 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 $82K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its top leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which is a significant factor in its financial efficiency.
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 New Hampshire Association Of Insurance Agents Inc:
- Consistent asset growth: Assets increased from $695,925 in 2014 to $1,331,156 in 2023, indicating strong financial management.
- No reported officer compensation: The organization consistently reports 0% officer compensation, suggesting efficient use of funds or volunteer leadership.
- Healthy financial reserves: The organization maintains a significant asset base relative to its annual expenses, providing financial stability.
- Decreasing liabilities: Liabilities have decreased from $343,146 in 2014 to $147,938 in 2023, improving the organization's financial health.
Frequently Asked Questions about New Hampshire Association Of Insurance Agents Inc
Is New Hampshire Association Of Insurance Agents Inc a legitimate charity?
New Hampshire Association Of Insurance Agents Inc (EIN: 20207161) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $591K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does New Hampshire Association Of Insurance Agents Inc spend its money?
New Hampshire Association Of Insurance Agents Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Hampshire Association Of Insurance Agents Inc tax-deductible?
New Hampshire Association Of Insurance Agents Inc is registered as a tax-exempt nonprofit (EIN: 20207161). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Hampshire Association Of Insurance Agents Inc's spending goes to programs?
New Hampshire Association Of Insurance Agents Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New Hampshire Association Of Insurance Agents Inc located?
New Hampshire Association Of Insurance Agents Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 20207161.
How many years of IRS 990 filings does New Hampshire Association Of Insurance Agents Inc have?
New Hampshire Association Of Insurance Agents 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 $591K in total revenue.
How does the organization achieve 0% officer compensation?
The IRS 990 filings consistently report 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, compensated through a related entity, or that compensation falls under other expense categories not specifically identified as officer compensation on the summary data provided.
What are the primary programs of the New Hampshire Association Of Insurance Agents Inc?
Based on the name, the organization likely focuses on supporting and advocating for insurance agents in New Hampshire. Without detailed program expense breakdowns from the 990, specific program activities cannot be identified, but typical activities for such associations include professional development, advocacy, and networking.
Is the organization's revenue stable?
Revenue has fluctuated over the past decade, ranging from a high of $882,882 in 2017 to a low of $590,903 (latest revenue provided). However, it has generally remained above $600,000, with the latest reported revenue for 2023 at $706,949, indicating a relatively stable financial base.
Filing History
IRS 990 filing history for New Hampshire Association Of Insurance Agents Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Hampshire Association Of Insurance Agents Inc's revenue has grown by 15.8%, moving from $610K to $707K. Total assets increased by 87.3% over the same period, from $711K to $1.3M. Total functional expenses fell by 8.9%, from $686K to $625K. In its most recent filing year (2023), New Hampshire Association Of Insurance Agents Inc reported a surplus of $82K, with revenue exceeding expenses. The organization holds $148K in liabilities against $1.3M in assets (debt-to-asset ratio: 11.1%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $707K | $625K | $1.3M | $148K | — | View 990 |
| 2022 | $645K | $564K | $1.3M | $158K | — | — |
| 2021 | $729K | $534K | $1.2M | $200K | — | View 990 |
| 2020 | $705K | $621K | $1.0M | $214K | — | — |
| 2019 | $739K | $689K | $947K | $206K | — | View 990 |
| 2018 | $806K | $706K | $900K | $210K | — | View 990 |
| 2017 | $883K | $745K | $806K | $216K | — | View 990 |
| 2016 | $795K | $683K | $640K | $188K | — | View 990 |
| 2015 | $772K | $777K | $670K | $333K | — | View 990 |
| 2014 | $850K | $884K | $696K | $343K | — | View 990 |
| 2013 | $640K | $640K | $856K | $447K | — | View 990 |
| 2012 | $661K | $665K | $714K | $305K | — | View 990 |
| 2011 | $610K | $686K | $711K | $304K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $707K, expenses of $625K, and assets of $1.3M (revenue +9.7% year-over-year).
- 2022: Revenue of $645K, expenses of $564K, and assets of $1.3M (revenue -11.6% year-over-year).
- 2021: Revenue of $729K, expenses of $534K, and assets of $1.2M (revenue +3.3% year-over-year).
- 2020: Revenue of $705K, expenses of $621K, and assets of $1.0M (revenue -4.6% year-over-year).
- 2019: Revenue of $739K, expenses of $689K, and assets of $947K (revenue -8.3% year-over-year).
- 2018: Revenue of $806K, expenses of $706K, and assets of $900K (revenue -8.7% year-over-year).
- 2017: Revenue of $883K, expenses of $745K, and assets of $806K (revenue +11.1% year-over-year).
- 2016: Revenue of $795K, expenses of $683K, and assets of $640K (revenue +2.9% year-over-year).
- 2015: Revenue of $772K, expenses of $777K, and assets of $670K (revenue -9.1% year-over-year).
- 2014: Revenue of $850K, expenses of $884K, and assets of $696K (revenue +32.7% year-over-year).
- 2013: Revenue of $640K, expenses of $640K, and assets of $856K (revenue -3.2% year-over-year).
- 2012: Revenue of $661K, expenses of $665K, and assets of $714K (revenue +8.4% year-over-year).
- 2011: Revenue of $610K, expenses of $686K, and assets of $711K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hampshire Association Of Insurance Agents Inc:
Data Sources and Methodology
This transparency report for New Hampshire Association Of Insurance Agents 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.