Professional Insurance Agents Of New York State Inc
Professional Insurance Agents Of New York State Inc maintains stable finances with no reported officer compensation.
EIN: 150525570 · Glenmont, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $9.8M |
| Transparency Score | 75/100 |
Is Professional Insurance Agents Of New York State Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Professional Insurance Agents Of New York State Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Professional Insurance Agents Of New York State Inc
Professional Insurance Agents Of New York State Inc (EIN: 150525570) is a nonprofit organization based in Glenmont, NY. The organization reported total revenue of $2.0M and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Professional Insurance Agents Of New York State Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Professional Insurance Agents Of New York State Inc is a mid-size nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-83,032 |
| Total Assets | $10.4M |
| Total Liabilities | $532K |
| Net Assets | $9.8M |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 67.1 months |
Financial Health Grade: B
In 2023, Professional Insurance Agents Of New York State Inc reported a deficit of $83K with expenses exceeding revenue, holds 67.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Professional Insurance Agents Of New York State Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.9% | +3.6% | +7.9% |
| 2022 | +7.3% | +9.8% | -12.8% |
| 2021 | -22.1% | -0.7% | +4.5% |
| 2020 | -9.5% | -20.8% | +13.7% |
| 2019 | +4.6% | -1.7% | +10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1964 |
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 Professional Insurance Agents Of New York State Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Professional Insurance Agents Of New York State 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 deficit of $83K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.1%.
Executive Compensation Analysis
Professional Insurance Agents Of New York State Inc has consistently reported 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with annual expenses exceeding $1.5 million.
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 Professional Insurance Agents Of New York State Inc's IRS 990 filings:
- NTEE Code is unknown, limiting detailed programmatic assessment.
Strengths
The following positive indicators were identified for Professional Insurance Agents Of New York State Inc:
- Consistent financial stability with revenues generally exceeding expenses over the long term.
- Strong asset base, consistently above $7.8 million and reaching over $10 million, providing significant financial reserves.
- Zero reported officer compensation across all filings, indicating high transparency and efficiency in executive pay.
- Low and stable liabilities relative to assets, demonstrating sound financial management.
Frequently Asked Questions about Professional Insurance Agents Of New York State Inc
Is Professional Insurance Agents Of New York State Inc a legitimate charity?
Professional Insurance Agents Of New York State Inc (EIN: 150525570) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Professional Insurance Agents Of New York State Inc spend its money?
Professional Insurance Agents Of New York State Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Professional Insurance Agents Of New York State Inc tax-deductible?
Professional Insurance Agents Of New York State Inc is registered as a tax-exempt nonprofit (EIN: 150525570). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Professional Insurance Agents Of New York State Inc CEO make?
Professional Insurance Agents Of New York State Inc's highest-compensated officer earns $1.5 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Professional Insurance Agents Of New York State Inc's spending goes to programs?
Professional Insurance Agents Of New York State Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Professional Insurance Agents Of New York State Inc located?
Professional Insurance Agents Of New York State Inc is headquartered in Glenmont, New York and files with the IRS under EIN 150525570.
How many years of IRS 990 filings does Professional Insurance Agents Of New York State Inc have?
Professional Insurance Agents Of New York State 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 $2.0M in total revenue.
Is Professional Insurance Agents Of New York State Inc a good charity?
Based on the provided financial data, PIA NY demonstrates strong financial stability with consistent revenues and a substantial asset base (over $10 million in recent years). The complete absence of reported officer compensation is a significant positive for efficiency and transparency. However, without a detailed breakdown of program spending versus administrative and fundraising costs, a full assessment of its programmatic impact is limited. The organization appears to be well-managed financially.
How does PIA NY manage its executive compensation?
PIA NY has reported 0% officer compensation in all available IRS 990 filings from 2014 to 2023. This indicates that no compensation was paid to its officers, directors, trustees, or key employees, which is a highly transparent and efficient approach to executive pay.
What is the trend in PIA NY's assets and liabilities?
PIA NY has shown a consistent growth in assets, from $7,876,616 in 2014 to $10,367,396 in 2023, demonstrating strong financial health and reserve building. Liabilities have remained relatively low and stable, typically between $480,000 and $710,000, indicating good financial management and low debt.
Filing History
IRS 990 filing history for Professional Insurance Agents Of New York State Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Professional Insurance Agents Of New York State Inc's revenue has declined by 25.3%, moving from $2.4M to $1.8M. Total assets increased by 62.4% over the same period, from $6.4M to $10.4M. Total functional expenses fell by 12.1%, from $2.1M to $1.9M. In its most recent filing year (2023), Professional Insurance Agents Of New York State Inc reported a deficit of $83K, with expenses exceeding revenue. The organization holds $532K in liabilities against $10.4M in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.9M | $10.4M | $532K | — | View 990 |
| 2022 | $1.6M | $1.8M | $9.6M | $484K | — | View 990 |
| 2021 | $1.5M | $1.6M | $11.0M | $500K | — | View 990 |
| 2020 | $2.0M | $1.6M | $10.5M | $529K | — | — |
| 2019 | $2.2M | $2.1M | $9.3M | $616K | — | View 990 |
| 2018 | $2.1M | $2.1M | $8.4M | $628K | — | View 990 |
| 2017 | $2.2M | $2.1M | $8.7M | $624K | — | View 990 |
| 2016 | $2.3M | $2.1M | $8.1M | $671K | — | View 990 |
| 2015 | $2.1M | $2.1M | $7.9M | $711K | — | View 990 |
| 2014 | $2.2M | $2.0M | $7.9M | $698K | — | View 990 |
| 2013 | $2.2M | $2.1M | $7.5M | $675K | — | View 990 |
| 2012 | $2.4M | $2.1M | $6.9M | $614K | — | View 990 |
| 2011 | $2.4M | $2.1M | $6.4M | $647K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $10.4M (revenue +7.9% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.8M, and assets of $9.6M (revenue +7.3% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.6M, and assets of $11.0M (revenue -22.1% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.6M, and assets of $10.5M (revenue -9.5% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.1M, and assets of $9.3M (revenue +4.6% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.1M, and assets of $8.4M (revenue -7.1% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.1M, and assets of $8.7M (revenue -2.8% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.1M, and assets of $8.1M (revenue +7.5% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $7.9M (revenue -1.6% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.0M, and assets of $7.9M (revenue -0.3% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.1M, and assets of $7.5M (revenue -8.4% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.1M, and assets of $6.9M (revenue +0.2% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.1M, and assets of $6.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Professional Insurance Agents Of New York State Inc:
Data Sources and Methodology
This transparency report for Professional Insurance Agents Of New York State 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.