Republic Risk Retention Group

Republic Risk Retention Group consistently reports zero officer compensation while operating with expenses frequently exceeding annual revenue.

EIN: 201175924 · Columbia, SC · NTEE: Y200 · Updated: 2026-03-28

$1.7MRevenue

$3.2MAssets

70/100Mission Score (Good)

Y200

About Republic Risk Retention Group

Republic Risk Retention Group (EIN: 201175924) is a nonprofit organization based in Columbia, SC, classified under NTEE code Y200. The organization reported total revenue of $1.7M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Republic Risk Retention Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Republic Risk Retention Group appears to be a unique entity, likely operating as a member-owned insurance company rather than a traditional public charity, given its NTEE code Y200 (Insurance & Risk Management) and consistent financial patterns. Its financial health, based on the provided data, shows a consistent pattern of expenses often exceeding revenue in recent years, such as in 2023 where expenses were $121,227 against revenue of $13,749. This suggests it may rely on accumulated assets or member contributions rather than annual fundraising for operational solvency. The organization maintains a stable asset base, with assets around $1.4 million to $1.7 million in recent periods, significantly higher than its liabilities, indicating a strong balance sheet. Spending efficiency is difficult to assess without a detailed breakdown of program vs. administrative costs, which are not provided in the summary data. However, the consistent low revenue and higher expenses suggest that its 'programs' are likely the risk management services it provides to its members, which may not generate significant direct revenue. Transparency regarding executive compensation is high, as it consistently reports 0% officer compensation across all provided filings, which is a positive indicator for member-focused governance.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Republic Risk Retention Group with a Mission Score of 70 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: 80%
fundraising: 0%

According to IRS 990 filings, Republic Risk Retention Group allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated directly by the organization, which is highly unusual for an entity of its size and operational scope.

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 Republic Risk Retention Group's IRS 990 filings:

Consistent annual expenses exceeding revenue, indicating reliance on reserves or other non-revenue income.
Lack of detailed program spending breakdown in summary data, making efficiency analysis difficult for a traditional nonprofit perspective.

Strengths

The following positive indicators were identified for Republic Risk Retention Group:

Consistent reporting of 0% officer compensation, indicating strong financial stewardship regarding executive pay.
Stable and substantial asset base ($1.4M - $1.7M) significantly exceeding liabilities, demonstrating financial solvency.
Clear focus on its specific NTEE mission (Insurance & Risk Management) as indicated by its structure and financial patterns.

Frequently Asked Questions about Republic Risk Retention Group

Is Republic Risk Retention Group a good charity?

Republic Risk Retention Group is not a traditional charity. Its NTEE code Y200 indicates it's involved in insurance and risk management, likely serving a specific member group. Therefore, evaluating it as a 'charity' in the conventional sense is inappropriate. Its financial structure suggests it's a member-owned entity providing services rather than a public benefit organization.

How does Republic Risk Retention Group sustain operations with low revenue?

The organization likely sustains operations through accumulated assets and potentially member premiums or capital contributions, as its annual revenue (e.g., $13,749 in 2023) is consistently lower than its expenses (e.g., $121,227 in 2023). Its substantial asset base ($1.4M - $1.7M) relative to liabilities ($5,000) provides financial stability.

What is the purpose of Republic Risk Retention Group?

Based on its NTEE code Y200 (Insurance & Risk Management), Republic Risk Retention Group's purpose is likely to provide liability insurance or risk management services to its members, who share similar risks. This structure allows members to collectively self-insure.

Filing History

IRS 990 filing history for Republic Risk Retention Group showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Republic Risk Retention Group's revenue has declined by 77.7%, moving from $62K to $14K. Total assets decreased by 21.8% over the same period, from $1.8M to $1.4M. Total functional expenses rose by 50.3%, from $81K to $121K. In its most recent filing year (2023), Republic Risk Retention Group reported a deficit of $107K, with expenses exceeding revenue. The organization holds $5K in liabilities against $1.4M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $1.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$14K	$121K	$1.4M	$5K	—	View 990
2022	$28K	$72K	$1.5M	$5K	—	View 990
2021	$99K	$68K	$1.7M	$5K	—	View 990
2020	$48K	$70K	$1.7M	$5K	—	View 990
2019	$60K	$73K	$1.7M	$5K	—	View 990
2018	$50K	$77K	$1.6M	$7K	—	View 990
2017	$45K	$97K	$1.7M	$8K	—	View 990
2016	$28K	$77K	$1.7M	$5K	—	View 990
2015	$52K	$70K	$1.7M	$5K	—	View 990
2014	$74K	$98K	$1.8M	$57K	—	View 990
2013	$88K	$106K	$1.8M	$35K	—	View 990
2012	$58K	$51K	$1.8M	$8K	—	View 990
2011	$62K	$81K	$1.8M	$47K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $14K, expenses of $121K, and assets of $1.4M (revenue -50.8% year-over-year).
2022: Revenue of $28K, expenses of $72K, and assets of $1.5M (revenue -71.7% year-over-year).
2021: Revenue of $99K, expenses of $68K, and assets of $1.7M (revenue +104.9% year-over-year).
2020: Revenue of $48K, expenses of $70K, and assets of $1.7M (revenue -20.2% year-over-year).
2019: Revenue of $60K, expenses of $73K, and assets of $1.7M (revenue +20.9% year-over-year).
2018: Revenue of $50K, expenses of $77K, and assets of $1.6M (revenue +10.9% year-over-year).
2017: Revenue of $45K, expenses of $97K, and assets of $1.7M (revenue +62.1% year-over-year).
2016: Revenue of $28K, expenses of $77K, and assets of $1.7M (revenue -46.4% year-over-year).
2015: Revenue of $52K, expenses of $70K, and assets of $1.7M (revenue -30.3% year-over-year).
2014: Revenue of $74K, expenses of $98K, and assets of $1.8M (revenue -15.5% year-over-year).
2013: Revenue of $88K, expenses of $106K, and assets of $1.8M (revenue +52.1% year-over-year).
2012: Revenue of $58K, expenses of $51K, and assets of $1.8M (revenue -6.4% year-over-year).
2011: Revenue of $62K, expenses of $81K, and assets of $1.8M.

Data Sources and Methodology

This transparency report for Republic Risk Retention Group 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.