New Jersey Surplus Lines Insurance Guaranty Fund

Source Check Matrix

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New Jersey Surplus Lines Insurance Guaranty Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals

New Jersey Surplus Lines Insurance Guaranty Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New Jersey Surplus Lines Insurance Guaranty Fund in one place.

Is New Jersey Surplus Lines Insurance Guaranty Fund Legit?

Significant Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, New Jersey Surplus Lines Insurance Guaranty Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for New Jersey Surplus Lines Insurance Guaranty Fund with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

Early access request only. Reports and exports are informational and based on public IRS records, not financial or legal advice.

New Jersey Surplus Lines Insurance Guaranty Fund directs 1% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.

About New Jersey Surplus Lines Insurance Guaranty Fund

New Jersey Surplus Lines Insurance Guaranty Fund (EIN: 222603627) is a nonprofit organization based in Basking Ridge, NJ. The organization reported total revenue of $6.1M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Surplus Lines Insurance Guaranty Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

New Jersey Surplus Lines Insurance Guaranty Fund is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, New Jersey Surplus Lines Insurance Guaranty Fund reported a surplus of $430K with revenue exceeding expenses, holds 1956.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), New Jersey Surplus Lines Insurance Guaranty Fund's revenue has grown at a compound annual growth rate (CAGR) of 12.4%.

IRS Tax-Exempt Classification

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 Jersey Surplus Lines Insurance Guaranty Fund with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 99%
• programs: 1%
• fundraising: 0%

According to IRS 990 filings, New Jersey Surplus Lines Insurance Guaranty Fund allocates its expenses as follows: admin: 99%, programs: 1%, fundraising: 0%. Only 1% is directed toward programs, which may warrant further investigation by donors.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $430K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.1%.

Executive Compensation Analysis

Executive compensation is not explicitly detailed in the provided financial data, making a direct assessment difficult.

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 New Jersey Surplus Lines Insurance Guaranty Fund's IRS 990 filings:

• Extremely low program spending relative to total expenses and assets (e.g., $6,868 in program expenses vs. $52,113 in total expenses in 2023).
• Significant administrative expenses without clear justification for their magnitude given the limited program activity.
• Lack of clear mission statement or program details in the provided data.
• Large asset base ($8,786,220 in 2023) with minimal apparent charitable output.

Strengths

The following positive indicators were identified for New Jersey Surplus Lines Insurance Guaranty Fund:

• Maintains a substantial asset base, indicating financial stability.
• Consistent financial reporting over several years.

Frequently Asked Questions about New Jersey Surplus Lines Insurance Guaranty Fund

Filing History

IRS 990 filing history for New Jersey Surplus Lines Insurance Guaranty Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), New Jersey Surplus Lines Insurance Guaranty Fund's revenue has grown by 304.5%, moving from $119K to $482K. Total assets decreased by 16% over the same period, from $10.1M to $8.5M. Total functional expenses fell by 89.5%, from $496K to $52K. In its most recent filing year (2023), New Jersey Surplus Lines Insurance Guaranty Fund reported a surplus of $430K, with revenue exceeding expenses. The organization holds $7K in liabilities against $8.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $8.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $482K, expenses of $52K, and assets of $8.5M (revenue +594.0% year-over-year).
• 2022: Revenue of $69K, expenses of $52K, and assets of $8.1M (revenue -6.7% year-over-year).
• 2021: Revenue of $74K, expenses of $57K, and assets of $8.0M (revenue -36.4% year-over-year).
• 2020: Revenue of $117K, expenses of $43K, and assets of $8.0M (revenue -89.5% year-over-year).
• 2019: Revenue of $1.1M, expenses of $146K, and assets of $8.0M (revenue -62.2% year-over-year).
• 2018: Revenue of $3.0M, expenses of $117K, and assets of $7.0M (revenue +2984.6% year-over-year).
• 2017: Revenue of $96K, expenses of $8.2M, and assets of $4.1M (revenue -16.1% year-over-year).
• 2016: Revenue of $114K, expenses of $90K, and assets of $12.2M (revenue -90.1% year-over-year).
• 2015: Revenue of $1.1M, expenses of $109K, and assets of $12.2M (revenue +838.8% year-over-year).
• 2014: Revenue of $122K, expenses of $53K, and assets of $11.2M (revenue -88.4% year-over-year).
• 2013: Revenue of $1.1M, expenses of $46K, and assets of $11.1M (revenue +1303.5% year-over-year).
• 2012: Revenue of $75K, expenses of $101K, and assets of $10.1M (revenue -36.8% year-over-year).
• 2011: Revenue of $119K, expenses of $496K, and assets of $10.1M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for New Jersey Surplus Lines Insurance Guaranty Fund:

Data Sources and Methodology

This transparency report for New Jersey Surplus Lines Insurance Guaranty Fund 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.