Old Crescent Insurance Company
Old Crescent Insurance Company shows consistent asset growth and no officer compensation, but lacks detailed expense breakdown.
EIN: 202139253 · S Burlington, VT · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.3M |
| Total Expenses | $941K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $22,045,221. |
| Net Assets | $11.5M |
| Transparency Score | 75/100 |
Is Old Crescent Insurance Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Old Crescent Insurance Company directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Old Crescent Insurance Company
Old Crescent Insurance Company (EIN: 202139253) is a nonprofit organization based in S Burlington, VT, classified under NTEE code B11. The organization reported total revenue of $10.3M and total assets of $22.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Crescent Insurance Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Old Crescent Insurance Company is a large nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $941K |
| Surplus / Deficit | +$1.9M |
| Total Assets | $20.0M |
| Total Liabilities | $8.5M |
| Net Assets | $11.5M |
| Operating Margin | 67.4% |
| Debt-to-Asset Ratio | 42.4% |
| Months of Reserves | 254.5 months |
Financial Health Grade: A
In 2023, Old Crescent Insurance Company reported a surplus of $1.9M with revenue exceeding expenses, holds 254.5 months of operating reserves (strong position), has a debt-to-asset ratio of 42.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Old Crescent Insurance Company's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | -70.3% | +4.5% |
| 2022 | +1.0% | +101.3% | +2.1% |
| 2021 | -3.9% | +143.5% | +5.0% |
| 2020 | +9.9% | -69.5% | +15.0% |
| 2019 | +16.7% | +75.1% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Old Crescent Insurance Company with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Old Crescent Insurance Company allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers do not receive compensation, which is a positive sign for resource allocation within an organization of its size with current assets of $22,045,221.
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 Old Crescent Insurance Company's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, hindering full spending efficiency analysis.
Strengths
The following positive indicators were identified for Old Crescent Insurance Company:
- Consistent growth in assets, from $11,933,392 in 2014 to $22,045,221 currently.
- No reported officer compensation across all filings, indicating efficient use of funds at the executive level.
- Stable revenue generation over the past decade, with latest revenue at $2,885,336.
Frequently Asked Questions about Old Crescent Insurance Company
Is Old Crescent Insurance Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Old Crescent Insurance Company (EIN: 202139253) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Old Crescent Insurance Company spend its money?
Old Crescent Insurance Company directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Old Crescent Insurance Company tax-deductible?
Old Crescent Insurance Company is registered as a tax-exempt nonprofit (EIN: 202139253). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Old Crescent Insurance Company CEO make?
Old Crescent Insurance Company's highest-compensated officer earns $22,045,221. annually. The organization reported $10.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Old Crescent Insurance Company's spending goes to programs?
Old Crescent Insurance Company directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Old Crescent Insurance Company compare to similar nonprofits?
With a transparency score of 75/100 (Good), Old Crescent Insurance Company is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Old Crescent Insurance Company located?
Old Crescent Insurance Company is headquartered in S Burlington, Vermont and files with the IRS under EIN 202139253. It is classified under NTEE code B11.
How many years of IRS 990 filings does Old Crescent Insurance Company have?
Old Crescent Insurance Company has 12 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 $10.3M in total revenue.
Is Old Crescent Insurance Company a good charity?
Based on the available data, Old Crescent Insurance Company exhibits financial stability with consistent asset growth and no reported officer compensation. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess its spending efficiency and direct impact as a 'charity' in the traditional sense, given its NTEE code B11 (Insurance Providers).
How has the organization's revenue trended over the last decade?
Old Crescent Insurance Company's revenue has generally trended upwards over the last decade, from $1,926,623 in 2014 to $2,885,336 in 2023, with some fluctuations, such as a dip in expenses in 2020 ($646,715) and a higher expense year in 2022 ($3,169,753).
What is the organization's approach to executive compensation?
The organization reports 0% for officer compensation across all available filings, indicating that its officers do not receive salaries or other forms of compensation from the organization.
What is the significance of the NTEE code B11?
NTEE code B11 signifies that Old Crescent Insurance Company operates as an Insurance Provider. This context is important for understanding its financial activities, as its 'programs' would likely involve providing insurance services rather than traditional charitable outreach.
Filing History
IRS 990 filing history for Old Crescent Insurance Company showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Old Crescent Insurance Company's revenue has grown by 78.9%, moving from $1.6M to $2.9M. Total assets increased by 115.2% over the same period, from $9.3M to $20.0M. Total functional expenses rose by 129.1%, from $411K to $941K. In its most recent filing year (2023), Old Crescent Insurance Company reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $8.5M in liabilities against $20.0M in assets (debt-to-asset ratio: 42.4%), resulting in net assets of $11.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $941K | $20.0M | $8.5M | — | — |
| 2022 | $2.6M | $3.2M | $19.1M | $8.6M | — | View 990 |
| 2021 | $2.5M | $1.6M | $18.7M | $6.8M | — | View 990 |
| 2020 | $2.6M | $647K | $17.8M | $5.8M | — | View 990 |
| 2019 | $2.4M | $2.1M | $15.5M | $5.6M | — | View 990 |
| 2018 | $2.1M | $1.2M | $14.6M | $5.3M | — | View 990 |
| 2017 | $1.9M | $944K | $14.2M | $5.6M | — | View 990 |
| 2016 | $2.0M | $1.3M | $13.8M | $6.1M | — | View 990 |
| 2015 | $2.1M | $713K | $12.9M | $6.0M | — | View 990 |
| 2014 | $1.9M | $2.1M | $11.9M | $6.4M | — | View 990 |
| 2013 | $1.7M | $1.0M | $10.3M | $4.7M | — | View 990 |
| 2012 | $1.6M | $411K | $9.3M | $4.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $941K, and assets of $20.0M (revenue +13.0% year-over-year).
- 2022: Revenue of $2.6M, expenses of $3.2M, and assets of $19.1M (revenue +1.0% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.6M, and assets of $18.7M (revenue -3.9% year-over-year).
- 2020: Revenue of $2.6M, expenses of $647K, and assets of $17.8M (revenue +9.9% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.1M, and assets of $15.5M (revenue +16.7% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.2M, and assets of $14.6M (revenue +6.2% year-over-year).
- 2017: Revenue of $1.9M, expenses of $944K, and assets of $14.2M (revenue -5.3% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.3M, and assets of $13.8M (revenue -2.7% year-over-year).
- 2015: Revenue of $2.1M, expenses of $713K, and assets of $12.9M (revenue +8.7% year-over-year).
- 2014: Revenue of $1.9M, expenses of $2.1M, and assets of $11.9M (revenue +11.0% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.0M, and assets of $10.3M (revenue +7.7% year-over-year).
- 2012: Revenue of $1.6M, expenses of $411K, and assets of $9.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Old Crescent Insurance Company:
Data Sources and Methodology
This transparency report for Old Crescent Insurance 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.