State Bankers Association Group Insurance Trust
EIN: 476709961 · Glen Allen, VA · NTEE: Y43
Is State Bankers Association Group Insurance Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About State Bankers Association Group Insurance Trust
State Bankers Association Group Insurance Trust (EIN: 476709961) is a nonprofit organization based in Glen Allen, VA, classified under NTEE code Y43. The organization reported total revenue of $5.0M and total assets of $41K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of State Bankers Association Group Insurance Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
State Bankers Association Group Insurance Trust is a mid-size nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.4M |
| Total Expenses | $7.4M |
| Surplus / Deficit | +$2K |
| Total Assets | $41K |
| Total Liabilities | $462 |
| Net Assets | $40K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 0.1 months |
Financial Health Grade: B
In 2023, State Bankers Association Group Insurance Trust reported a surplus of $2K with revenue exceeding expenses, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), State Bankers Association Group Insurance Trust's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | +4.5% | +4.4% |
| 2022 | -12.9% | -13.0% | +60.2% |
| 2021 | +5.5% | +5.3% | +188.5% |
| 2020 | +7.0% | +7.0% | -60.7% |
| 2019 | +5.1% | +5.1% | +115.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for State Bankers Association Group Insurance Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates State Bankers Association Group Insurance Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Frequently Asked Questions about State Bankers Association Group Insurance Trust
Is State Bankers Association Group Insurance Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, State Bankers Association Group Insurance Trust (EIN: 476709961) insufficient data. 0 red flags identified, 0 strengths noted.
How does State Bankers Association Group Insurance Trust spend its money?
Detailed spending breakdown data is not yet available for State Bankers Association Group Insurance Trust. Check back for updated IRS 990 analysis.
Are donations to State Bankers Association Group Insurance Trust tax-deductible?
State Bankers Association Group Insurance Trust is registered as a tax-exempt nonprofit (EIN: 476709961). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for State Bankers Association Group Insurance Trust showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), State Bankers Association Group Insurance Trust's revenue has grown by 8.8%, moving from $6.8M to $7.4M. Total assets increased by 354.5% over the same period, from $9K to $41K. Total functional expenses rose by 8.9%, from $6.8M to $7.4M. In its most recent filing year (2023), State Bankers Association Group Insurance Trust reported a surplus of $2K, with revenue exceeding expenses. The organization holds $462 in liabilities against $41K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $40K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.4M | $7.4M | $41K | $462 | — | — |
| 2022 | $7.1M | $7.0M | $39K | $653 | — | — |
| 2021 | $8.1M | $8.1M | $24K | $1K | — | View 990 |
| 2020 | $7.7M | $7.7M | $8K | $520 | — | — |
| 2019 | $7.2M | $7.2M | $22K | $13K | — | View 990 |
| 2018 | $6.8M | $6.8M | $10K | $506 | — | View 990 |
| 2017 | $6.6M | $6.6M | $13K | $2K | — | View 990 |
| 2016 | $7.0M | $7.0M | $6K | $2K | — | View 990 |
| 2015 | $6.8M | $6.8M | $9K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.4M, expenses of $7.4M, and assets of $41K (revenue +4.3% year-over-year).
- 2022: Revenue of $7.1M, expenses of $7.0M, and assets of $39K (revenue -12.9% year-over-year).
- 2021: Revenue of $8.1M, expenses of $8.1M, and assets of $24K (revenue +5.5% year-over-year).
- 2020: Revenue of $7.7M, expenses of $7.7M, and assets of $8K (revenue +7.0% year-over-year).
- 2019: Revenue of $7.2M, expenses of $7.2M, and assets of $22K (revenue +5.1% year-over-year).
- 2018: Revenue of $6.8M, expenses of $6.8M, and assets of $10K (revenue +3.8% year-over-year).
- 2017: Revenue of $6.6M, expenses of $6.6M, and assets of $13K (revenue -5.5% year-over-year).
- 2016: Revenue of $7.0M, expenses of $7.0M, and assets of $6K (revenue +2.9% year-over-year).
- 2015: Revenue of $6.8M, expenses of $6.8M, and assets of $9K.
Data Sources and Methodology
This transparency report for State Bankers Association Group Insurance Trust 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.