North American Insulation Manufacturers Association Inc
North American Insulation Manufacturers Association consistently maintains financial surpluses and growing assets with no reported officer compensation.
EIN: 131087340 · Leland, NC · Updated: 2026-03-28
Is North American Insulation Manufacturers Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North American Insulation Manufacturers Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North American Insulation Manufacturers Association Inc
North American Insulation Manufacturers Association Inc (EIN: 131087340) is a nonprofit organization based in Leland, NC. The organization reported total revenue of $5.0M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North American Insulation Manufacturers Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North American Insulation Manufacturers Association Inc is a mid-size nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $4.3M |
| Surplus / Deficit | +$384K |
| Total Assets | $2.7M |
| Total Liabilities | $14K |
| Net Assets | $2.7M |
| Operating Margin | 8.2% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 7.6 months |
Financial Health Grade: A
In 2023, North American Insulation Manufacturers Association Inc reported a surplus of $384K with revenue exceeding expenses, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), North American Insulation Manufacturers Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.2% | +6.1% | +16.4% |
| 2022 | +1.5% | +1.0% | -1.4% |
| 2021 | +1.5% | +15.1% | +13.4% |
| 2020 | -3.3% | -16.7% | +17.0% |
| 2019 | +4.7% | -0.9% | +15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1942 |
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 North American Insulation Manufacturers Association 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, North American Insulation Manufacturers Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. 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 surplus of $384K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
No officer compensation has been reported in any of the provided IRS 990 filings, which is unusual for an organization with annual revenues consistently over $4 million. This could indicate a volunteer executive leadership or that compensation is categorized differently, requiring further scrutiny for full understanding.
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 North American Insulation Manufacturers Association Inc's IRS 990 filings:
- No reported officer compensation despite multi-million dollar revenues, which could obscure executive remuneration practices.
Strengths
The following positive indicators were identified for North American Insulation Manufacturers Association Inc:
- Consistent financial surpluses, with revenue exceeding expenses in most years (e.g., $4,707,888 revenue vs. $4,323,749 expenses in 2023).
- Steady growth in assets, increasing from $1,108,454 in 2014 to $2,738,587 in 2023, indicating financial stability.
- Low and stable liabilities across most reporting periods, suggesting good financial health.
- Consistent filing of IRS 990 forms over 13 periods, demonstrating regulatory compliance and transparency in reporting.
Frequently Asked Questions about North American Insulation Manufacturers Association Inc
Is North American Insulation Manufacturers Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North American Insulation Manufacturers Association Inc (EIN: 131087340) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does North American Insulation Manufacturers Association Inc spend its money?
North American Insulation Manufacturers Association Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North American Insulation Manufacturers Association Inc tax-deductible?
North American Insulation Manufacturers Association Inc is registered as a tax-exempt nonprofit (EIN: 131087340). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does NAIMA allocate its expenses between program services, administrative costs, and fundraising?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. While overall expenses are reported, the specific allocation is not available, making it difficult to assess spending efficiency in these areas.
Why is no officer compensation reported despite significant revenue?
The IRS 990 filings consistently show 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, or that compensation is paid through a related entity or categorized differently, which would require reviewing the full 990 forms for clarification.
What are the primary sources of NAIMA's revenue?
The provided data only lists total revenue. To understand the primary sources (e.g., membership dues, grants, sales), one would need to consult the detailed revenue sections of the full IRS 990 forms.
Filing History
IRS 990 filing history for North American Insulation Manufacturers Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North American Insulation Manufacturers Association Inc's revenue has grown by 10.3%, moving from $4.3M to $4.7M. Total assets increased by 5% over the same period, from $2.6M to $2.7M. Total functional expenses fell by 0.4%, from $4.3M to $4.3M. In its most recent filing year (2023), North American Insulation Manufacturers Association Inc reported a surplus of $384K, with revenue exceeding expenses. The organization holds $14K in liabilities against $2.7M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $4.3M | $2.7M | $14K | — | — |
| 2022 | $4.2M | $4.1M | $2.4M | $14K | — | View 990 |
| 2021 | $4.2M | $4.0M | $2.4M | $162K | — | View 990 |
| 2020 | $4.1M | $3.5M | $2.1M | $7K | — | View 990 |
| 2019 | $4.2M | $4.2M | $1.8M | $304K | — | — |
| 2018 | $4.1M | $4.2M | $1.6M | $109K | — | View 990 |
| 2017 | $4.5M | $4.4M | $1.6M | $4K | — | View 990 |
| 2016 | $4.5M | $4.2M | $1.5M | $4K | — | View 990 |
| 2015 | $4.0M | $3.8M | $1.3M | $5K | — | View 990 |
| 2014 | $4.3M | $4.3M | $1.1M | $5K | — | View 990 |
| 2013 | $3.8M | $4.4M | $1.2M | $456K | — | View 990 |
| 2012 | $3.1M | $3.8M | $1.7M | $375K | — | View 990 |
| 2011 | $4.3M | $4.3M | $2.6M | $567K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $4.3M, and assets of $2.7M (revenue +11.2% year-over-year).
- 2022: Revenue of $4.2M, expenses of $4.1M, and assets of $2.4M (revenue +1.5% year-over-year).
- 2021: Revenue of $4.2M, expenses of $4.0M, and assets of $2.4M (revenue +1.5% year-over-year).
- 2020: Revenue of $4.1M, expenses of $3.5M, and assets of $2.1M (revenue -3.3% year-over-year).
- 2019: Revenue of $4.2M, expenses of $4.2M, and assets of $1.8M (revenue +4.7% year-over-year).
- 2018: Revenue of $4.1M, expenses of $4.2M, and assets of $1.6M (revenue -10.4% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.4M, and assets of $1.6M (revenue +1.2% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.2M, and assets of $1.5M (revenue +12.5% year-over-year).
- 2015: Revenue of $4.0M, expenses of $3.8M, and assets of $1.3M (revenue -7.1% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.3M, and assets of $1.1M (revenue +11.2% year-over-year).
- 2013: Revenue of $3.8M, expenses of $4.4M, and assets of $1.2M (revenue +24.9% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.8M, and assets of $1.7M (revenue -27.9% year-over-year).
- 2011: Revenue of $4.3M, expenses of $4.3M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North American Insulation Manufacturers Association Inc:
Data Sources and Methodology
This transparency report for North American Insulation Manufacturers Association 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.