Third Coast Reinsurance Llc
EIN: 473260067 · Covington, LA · NTEE: Y23
| Metric | Value |
|---|---|
| Total Revenue | $431K |
| Total Expenses | $3K |
| Net Assets | $2.3M |
Is Third Coast Reinsurance Llc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Third Coast Reinsurance Llc
Third Coast Reinsurance Llc (EIN: 473260067) is a nonprofit organization based in Covington, LA, classified under NTEE code Y23. The organization reported total revenue of $431K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Third Coast Reinsurance Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Third Coast Reinsurance Llc is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2020–2022).
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $431K |
| Total Expenses | $3K |
| Surplus / Deficit | +$428K |
| Total Assets | $2.4M |
| Total Liabilities | $153K |
| Net Assets | $2.3M |
| Operating Margin | 99.2% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 8304.4 months |
Financial Health Grade: A
In 2022, Third Coast Reinsurance Llc reported a surplus of $428K with revenue exceeding expenses, holds 8304.4 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +15.2% | -99.5% | -8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Third Coast Reinsurance Llc 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 Third Coast Reinsurance Llc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $428K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.4%.
Frequently Asked Questions about Third Coast Reinsurance Llc
Is Third Coast Reinsurance Llc a legitimate charity?
Based on AI analysis of IRS 990 filings, Third Coast Reinsurance Llc (EIN: 473260067) insufficient data. 0 red flags identified, 0 strengths noted.
How does Third Coast Reinsurance Llc spend its money?
Detailed spending breakdown data is not yet available for Third Coast Reinsurance Llc. Check back for updated IRS 990 analysis.
Are donations to Third Coast Reinsurance Llc tax-deductible?
Third Coast Reinsurance Llc is registered as a tax-exempt nonprofit (EIN: 473260067). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Third Coast Reinsurance Llc located?
Third Coast Reinsurance Llc is headquartered in Covington, Louisiana and files with the IRS under EIN 473260067. It is classified under NTEE code Y23.
How many years of IRS 990 filings does Third Coast Reinsurance Llc have?
Third Coast Reinsurance Llc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $431K in total revenue.
Filing History
IRS 990 filing history for Third Coast Reinsurance Llc showing financial trends over 3 years of public records:
Total assets increased by 1.3% over the same period, from $2.4M to $2.4M. In its most recent filing year (2022), Third Coast Reinsurance Llc reported a surplus of $428K, with revenue exceeding expenses. The organization holds $153K in liabilities against $2.4M in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $431K | $3K | $2.4M | $153K | — | View 990 |
| 2021 | $374K | $742K | $2.6M | $679K | — | View 990 |
| 2020 | $0 | $0 | $2.4M | $116K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $431K, expenses of $3K, and assets of $2.4M (revenue +15.2% year-over-year).
- 2021: Revenue of $374K, expenses of $742K, and assets of $2.6M.
- 2020: Revenue of $0, expenses of $0, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Third Coast Reinsurance Llc:
Data Sources and Methodology
This transparency report for Third Coast Reinsurance Llc 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.