Northwestern Arizona Regionalinsurance Company
Northwestern Arizona Regionalinsurance Company consistently maintains strong assets and reports no officer compensation.
EIN: 208081486 · Phoenix, AZ · NTEE: E11 · Updated: 2026-03-28
Is Northwestern Arizona Regionalinsurance Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northwestern Arizona Regionalinsurance Company directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northwestern Arizona Regionalinsurance Company
Northwestern Arizona Regionalinsurance Company (EIN: 208081486) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code E11. The organization reported total revenue of $6.4M and total assets of $18.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northwestern Arizona Regionalinsurance Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northwestern Arizona Regionalinsurance Company is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $16.9M |
| Total Liabilities | $5.7M |
| Net Assets | $11.2M |
| Operating Margin | 56.3% |
| Debt-to-Asset Ratio | 33.5% |
| Months of Reserves | 176.7 months |
Financial Health Grade: A
In 2023, Northwestern Arizona Regionalinsurance Company reported a surplus of $1.5M with revenue exceeding expenses, holds 176.7 months of operating reserves (strong position), has a debt-to-asset ratio of 33.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northwestern Arizona Regionalinsurance Company's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.0% | -65.6% | +5.5% |
| 2022 | -11.4% | +315.9% | -12.8% |
| 2021 | -6.6% | +451.9% | +11.8% |
| 2020 | +2.1% | -91.5% | +19.9% |
| 2019 | -2.7% | +10.5% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Northwestern Arizona Regionalinsurance Company with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Northwestern Arizona Regionalinsurance Company allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization of its size with current assets of $18,020,460 and annual revenues often exceeding $2 million, suggesting either a volunteer-led executive team or compensation is reported under a different category not specified as 'Officer Comp'.
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 Northwestern Arizona Regionalinsurance Company's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Northwestern Arizona Regionalinsurance Company:
- Consistent growth in assets, from $9,885,908 in 2016 to $18,020,460 currently, indicating strong financial management.
- Expenses consistently lower than revenue in most years, demonstrating efficient operations and financial stability.
- Zero reported officer compensation across all filings, suggesting a high dedication to mission and potentially volunteer leadership.
- Strong net asset position, with assets significantly exceeding liabilities (e.g., $18,020,460 assets vs. $5,659,405 liabilities in 2023).
- Consistent filing history over 13 periods, indicating good compliance and transparency.
Frequently Asked Questions about Northwestern Arizona Regionalinsurance Company
Is Northwestern Arizona Regionalinsurance Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Northwestern Arizona Regionalinsurance Company (EIN: 208081486) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Northwestern Arizona Regionalinsurance Company spend its money?
Northwestern Arizona Regionalinsurance Company directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northwestern Arizona Regionalinsurance Company tax-deductible?
Northwestern Arizona Regionalinsurance Company is registered as a tax-exempt nonprofit (EIN: 208081486). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Northwestern Arizona Regionalinsurance Company a good charity?
Based on the available IRS 990 data, Northwestern Arizona Regionalinsurance Company appears to be a financially sound organization with strong asset growth and very efficient spending, as evidenced by expenses consistently being lower than revenue in most years and zero reported officer compensation. This suggests a high dedication to its mission and responsible financial management.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved, with assets growing from $9,885,908 in 2016 to $18,020,460 currently. Liabilities have remained relatively stable or decreased in proportion to assets, indicating a strengthening balance sheet. Revenue has also been consistently strong, generally exceeding expenses.
What is the trend in revenue versus expenses?
Revenue has generally exceeded expenses in most years, indicating financial stability and the ability to build reserves. For instance, in 2023, revenue was $2,623,405 while expenses were $1,146,249. There was one instance in 2022 where expenses ($3,334,087) exceeded revenue ($2,364,262), but this appears to be an anomaly in an otherwise positive trend.
Filing History
IRS 990 filing history for Northwestern Arizona Regionalinsurance Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northwestern Arizona Regionalinsurance Company's revenue has grown by 20.2%, moving from $2.2M to $2.6M. Total assets increased by 56.4% over the same period, from $10.8M to $16.9M. Total functional expenses fell by 29.1%, from $1.6M to $1.1M. In its most recent filing year (2023), Northwestern Arizona Regionalinsurance Company reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $5.7M in liabilities against $16.9M in assets (debt-to-asset ratio: 33.5%), resulting in net assets of $11.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $1.1M | $16.9M | $5.7M | — | — |
| 2022 | $2.4M | $3.3M | $16.0M | $6.1M | — | View 990 |
| 2021 | $2.7M | $802K | $18.3M | $6.3M | — | — |
| 2020 | $2.9M | $145K | $16.4M | $6.1M | — | View 990 |
| 2019 | $2.8M | $1.7M | $13.7M | $6.3M | — | — |
| 2018 | $2.9M | $1.5M | $12.8M | $7.0M | — | View 990 |
| 2017 | $2.7M | $1.3M | $11.4M | $6.6M | — | View 990 |
| 2016 | $2.8M | $1.9M | $9.9M | $6.2M | — | View 990 |
| 2015 | $2.0M | $2.3M | $10.0M | $7.3M | — | View 990 |
| 2014 | $2.6M | $1.5M | $13.0M | $6.5M | — | View 990 |
| 2013 | $2.0M | $3.0M | $14.1M | $8.7M | — | View 990 |
| 2012 | $2.5M | $1.8M | $12.8M | $6.4M | — | View 990 |
| 2011 | $2.2M | $1.6M | $10.8M | $5.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $1.1M, and assets of $16.9M (revenue +11.0% year-over-year).
- 2022: Revenue of $2.4M, expenses of $3.3M, and assets of $16.0M (revenue -11.4% year-over-year).
- 2021: Revenue of $2.7M, expenses of $802K, and assets of $18.3M (revenue -6.6% year-over-year).
- 2020: Revenue of $2.9M, expenses of $145K, and assets of $16.4M (revenue +2.1% year-over-year).
- 2019: Revenue of $2.8M, expenses of $1.7M, and assets of $13.7M (revenue -2.7% year-over-year).
- 2018: Revenue of $2.9M, expenses of $1.5M, and assets of $12.8M (revenue +7.0% year-over-year).
- 2017: Revenue of $2.7M, expenses of $1.3M, and assets of $11.4M (revenue -3.3% year-over-year).
- 2016: Revenue of $2.8M, expenses of $1.9M, and assets of $9.9M (revenue +40.2% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.3M, and assets of $10.0M (revenue -22.8% year-over-year).
- 2014: Revenue of $2.6M, expenses of $1.5M, and assets of $13.0M (revenue +27.1% year-over-year).
- 2013: Revenue of $2.0M, expenses of $3.0M, and assets of $14.1M (revenue -18.9% year-over-year).
- 2012: Revenue of $2.5M, expenses of $1.8M, and assets of $12.8M (revenue +14.1% year-over-year).
- 2011: Revenue of $2.2M, expenses of $1.6M, and assets of $10.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northwestern Arizona Regionalinsurance Company:
Data Sources and Methodology
This transparency report for Northwestern Arizona Regionalinsurance Company 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.