Society Of Insurance Financial Management
Society Of Insurance Financial Management operates with fluctuating revenues and declining assets, consistently reporting no officer compensation.
EIN: 116037615 · Caldwell, NJ · Updated: 2026-03-28
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Society Of Insurance Financial Management is mapped to EIN 116037615.
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70% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $216K |
| Total Expenses | $208K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $200,000. |
| Net Assets | $63K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Society Of Insurance Financial Management Form 990, Revenue, CEO Pay, and IRS Filing Signals
Society Of Insurance Financial Management is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Society Of Insurance Financial Management in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $203K and expenses of $208K.
Revenue and Expenses
Society Of Insurance Financial Management reported $203K in revenue and $208K in expenses, a deficit of $5K.
Executive Compensation
Top officer compensation appears as $200,000. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Society Of Insurance Financial Management Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $146K (70%) |
Across stored filings, Society Of Insurance Financial Management shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and category context |
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Society Of Insurance Financial Management directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Society Of Insurance Financial Management
Society Of Insurance Financial Management (EIN: 116037615) is a nonprofit organization based in Caldwell, NJ. The organization reported total revenue of $216K and total assets of $60K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Society Of Insurance Financial Management's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Society Of Insurance Financial Management is a small nonprofit that has been operating for 65 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $203K |
| Total Expenses | $208K |
| Surplus / Deficit | $-5,230 |
| Total Assets | $71K |
| Total Liabilities | $8K |
| Net Assets | $63K |
| Operating Margin | -2.6% |
| Debt-to-Asset Ratio | 10.7% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2023, Society Of Insurance Financial Management reported a deficit of $5K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 10.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Society Of Insurance Financial Management's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.4% | +23.3% | -4.9% |
| 2022 | +170.0% | +121.6% | +20.8% |
| 2021 | +185.4% | +7.0% | -17.4% |
| 2020 | -87.3% | -62.4% | -42.8% |
| 2019 | +51.9% | +29.5% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1961 |
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 Society Of Insurance Financial Management 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, Society Of Insurance Financial Management 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 deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is not drawing a salary from the nonprofit, which is highly favorable for a small organization with revenues around $200,000.
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 Society Of Insurance Financial Management's IRS 990 filings:
- Consistent operating deficits in multiple years (e.g., 2023, 2021, 2020) where expenses exceeded revenue.
- Significant decline in total assets from $176,256 in 2016 to $70,855 in 2023, indicating reduced financial reserves.
Strengths
The following positive indicators were identified for Society Of Insurance Financial Management:
- Zero officer compensation reported across all filings, indicating strong commitment to mission over executive pay.
- Consistent IRS 990 filing history (13 filings), demonstrating good transparency and compliance.
- Relatively low liabilities compared to assets, suggesting responsible debt management.
Frequently Asked Questions about Society Of Insurance Financial Management
Is Society Of Insurance Financial Management a legitimate charity?
Society Of Insurance Financial Management (EIN: 116037615) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $216K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Society Of Insurance Financial Management spend its money?
Society Of Insurance Financial Management directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Society Of Insurance Financial Management tax-deductible?
Society Of Insurance Financial Management is registered as a tax-exempt nonprofit (EIN: 116037615). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Society Of Insurance Financial Management CEO make?
Society Of Insurance Financial Management's highest-compensated officer earns $200,000. annually. The organization reported $216K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Society Of Insurance Financial Management's spending goes to programs?
Society Of Insurance Financial Management directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Society Of Insurance Financial Management located?
Society Of Insurance Financial Management is headquartered in Caldwell, New Jersey and files with the IRS under EIN 116037615.
How many years of IRS 990 filings does Society Of Insurance Financial Management have?
Society Of Insurance Financial Management 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 $216K in total revenue.
Is Society Of Insurance Financial Management a good charity?
Based on the available data, the organization exhibits good financial transparency regarding executive compensation (0% officer compensation). However, without detailed program spending breakdowns, it's difficult to fully assess its programmatic impact and efficiency. Its consistent filing history and relatively low liabilities are positive.
Why are assets declining?
The organization's assets have declined from a high of $176,256 in 2016 to $70,855 in 2023. This could be due to operating deficits in several years (e.g., 2023, 2021, 2020) where expenses exceeded revenue, or strategic decisions to utilize reserves.
Does the organization spend efficiently?
While the organization reports 0% officer compensation, a full assessment of spending efficiency requires a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. Operating at a deficit in some years (e.g., 2023, 2021) suggests potential challenges in matching expenses with revenue.
Filing History
IRS 990 filing history for Society Of Insurance Financial Management showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Society Of Insurance Financial Management's revenue has grown by 23.7%, moving from $164K to $203K. Total assets decreased by 35.8% over the same period, from $110K to $71K. Total functional expenses rose by 40%, from $148K to $208K. In its most recent filing year (2023), Society Of Insurance Financial Management reported a deficit of $5K, with expenses exceeding revenue. The organization holds $8K in liabilities against $71K in assets (debt-to-asset ratio: 10.7%), resulting in net assets of $63K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $203K | $208K | $71K | $8K | — | — |
| 2022 | $182K | $169K | $75K | $6K | — | — |
| 2021 | $67K | $76K | $62K | $6K | — | View 990 |
| 2020 | $24K | $71K | $75K | $11K | — | — |
| 2019 | $186K | $189K | $131K | $19K | — | — |
| 2018 | $122K | $146K | $139K | $24K | — | View 990 |
| 2017 | $167K | $179K | $164K | $25K | — | View 990 |
| 2016 | $192K | $161K | $176K | $26K | — | View 990 |
| 2015 | $180K | $165K | $131K | $11K | — | View 990 |
| 2014 | $178K | $181K | $134K | $30K | — | View 990 |
| 2013 | $188K | $180K | $111K | $5K | — | View 990 |
| 2012 | $163K | $170K | $122K | $23K | — | View 990 |
| 2011 | $164K | $148K | $110K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $203K, expenses of $208K, and assets of $71K (revenue +11.4% year-over-year).
- 2022: Revenue of $182K, expenses of $169K, and assets of $75K (revenue +170.0% year-over-year).
- 2021: Revenue of $67K, expenses of $76K, and assets of $62K (revenue +185.4% year-over-year).
- 2020: Revenue of $24K, expenses of $71K, and assets of $75K (revenue -87.3% year-over-year).
- 2019: Revenue of $186K, expenses of $189K, and assets of $131K (revenue +51.9% year-over-year).
- 2018: Revenue of $122K, expenses of $146K, and assets of $139K (revenue -26.9% year-over-year).
- 2017: Revenue of $167K, expenses of $179K, and assets of $164K (revenue -12.9% year-over-year).
- 2016: Revenue of $192K, expenses of $161K, and assets of $176K (revenue +6.5% year-over-year).
- 2015: Revenue of $180K, expenses of $165K, and assets of $131K (revenue +1.1% year-over-year).
- 2014: Revenue of $178K, expenses of $181K, and assets of $134K (revenue -5.1% year-over-year).
- 2013: Revenue of $188K, expenses of $180K, and assets of $111K (revenue +15.5% year-over-year).
- 2012: Revenue of $163K, expenses of $170K, and assets of $122K (revenue -0.6% year-over-year).
- 2011: Revenue of $164K, expenses of $148K, and assets of $110K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Society Of Insurance Financial Management:
Data Sources and Methodology
This transparency report for Society Of Insurance Financial Management 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.