Underwriters Rating Board
Underwriters Rating Board consistently grows assets with zero reported officer compensation.
EIN: 141132305 · Schenectady, NY · Updated: 2026-03-28
Is Underwriters Rating Board Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Underwriters Rating Board directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Underwriters Rating Board
Underwriters Rating Board (EIN: 141132305) is a nonprofit organization based in Schenectady, NY. The organization reported total revenue of $2.1M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Underwriters Rating Board's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Underwriters Rating Board with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Underwriters Rating Board allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with annual revenues approaching $2 million. This suggests either a fully volunteer-led executive team or that compensation is structured in a way not reported under 'officer compensation' on the 990, warranting further investigation for complete transparency.
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 Underwriters Rating Board's IRS 990 filings:
- Unknown NTEE code makes peer comparison difficult
- 0% officer compensation reported, which is highly unusual and may obscure full leadership remuneration
Strengths
The following positive indicators were identified for Underwriters Rating Board:
- Consistent asset growth over the past decade
- Revenues consistently exceed expenses, indicating financial stability
- Extremely low liabilities across all filing periods
- No reported officer compensation, potentially maximizing funds for mission (if truly volunteer-led)
Frequently Asked Questions about Underwriters Rating Board
Is Underwriters Rating Board a legitimate charity?
Based on AI analysis of IRS 990 filings, Underwriters Rating Board (EIN: 141132305) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Underwriters Rating Board spend its money?
Underwriters Rating Board directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Underwriters Rating Board tax-deductible?
Underwriters Rating Board is registered as a tax-exempt nonprofit (EIN: 141132305). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Underwriters Rating Board a good charity?
Financially, the Underwriters Rating Board appears to be a very stable organization with consistent asset growth and extremely low liabilities. The absence of reported officer compensation is a unique characteristic that could be viewed positively for resource allocation, assuming leadership is genuinely volunteer-based or compensated transparently through other means. Without an NTEE code or detailed program expense breakdown, it's challenging to fully assess its programmatic impact, but its financial health is strong.
How does Underwriters Rating Board manage its leadership compensation?
The IRS 990 filings consistently show 0% officer compensation, which is highly unusual for an organization of this size. This suggests that executive leadership may be entirely volunteer-based, or their compensation is reported under different expense categories, which would require further clarification for full transparency.
What is the trend in Underwriters Rating Board's financial health?
The organization shows a strong positive trend in financial health. Assets have grown consistently from $1,646,591 in 2014 to $2,797,467 in 2023. Revenue has also steadily increased, consistently exceeding expenses, indicating sustainable operations and prudent financial management.
Filing History
IRS 990 filing history for Underwriters Rating Board showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Underwriters Rating Board's revenue has grown by 60.4%, moving from $1.2M to $1.9M. Total assets increased by 77.6% over the same period, from $1.6M to $2.8M. Total functional expenses rose by 47.5%, from $1.2M to $1.7M. In its most recent filing year (2023), Underwriters Rating Board reported a surplus of $199K, with revenue exceeding expenses. The organization holds $457 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.7M | $2.8M | $457 | — | View 990 |
| 2022 | $1.8M | $1.5M | $2.6M | $822 | — | View 990 |
| 2021 | $1.9M | $1.6M | $2.3M | $177 | — | — |
| 2020 | $1.7M | $1.6M | $2.0M | $976 | — | — |
| 2019 | $1.7M | $1.6M | $1.9M | $470 | — | View 990 |
| 2018 | $1.7M | $1.6M | $1.8M | $358 | — | View 990 |
| 2017 | $1.6M | $1.6M | $1.8M | $448 | — | View 990 |
| 2016 | $1.5M | $1.5M | $1.7M | $104 | — | View 990 |
| 2015 | $1.4M | $1.4M | $1.7M | $101 | — | View 990 |
| 2014 | $1.4M | $1.3M | $1.6M | $791 | — | View 990 |
| 2013 | $1.3M | $1.3M | $1.6M | $798 | — | View 990 |
| 2012 | $1.2M | $1.2M | $1.6M | $244 | — | View 990 |
| 2011 | $1.2M | $1.2M | $1.6M | $405 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.7M, and assets of $2.8M (revenue +4.5% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.5M, and assets of $2.6M (revenue -2.5% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.6M, and assets of $2.3M (revenue +7.6% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $2.0M (revenue +3.9% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.6M, and assets of $1.9M (revenue +2.0% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $1.8M (revenue +2.9% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $1.8M (revenue +6.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $1.7M (revenue +6.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $1.7M (revenue +2.9% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $1.6M (revenue +6.5% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $1.6M (revenue +4.9% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $1.6M (revenue +2.8% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Underwriters Rating Board 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.