Vermont Captive Insurance Association
Vermont Captive Insurance Association: Steady Revenue, Strong Asset Base
EIN: 222744474 · S Burlington, VT · NTEE: Y00C · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.9M |
| Program Spending | 70% |
| Net Assets | $820K |
| Transparency Score | 75/100 |
Is Vermont Captive Insurance Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vermont Captive Insurance Association directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Vermont Captive Insurance Association
Vermont Captive Insurance Association (EIN: 222744474) is a nonprofit organization based in S Burlington, VT, classified under NTEE code Y00C. The organization reported total revenue of $2.1M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vermont Captive Insurance Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vermont Captive Insurance Association is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$217K |
| Total Assets | $1.3M |
| Total Liabilities | $519K |
| Net Assets | $820K |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 38.7% |
| Months of Reserves | 8.4 months |
Financial Health Grade: A
In 2023, Vermont Captive Insurance Association reported a surplus of $217K with revenue exceeding expenses, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 38.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Vermont Captive Insurance Association's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.3% | +14.5% | +21.2% |
| 2022 | +59.9% | +32.8% | -18.5% |
| 2021 | -9.4% | -3.7% | -7.0% |
| 2020 | -27.5% | -16.7% | -8.7% |
| 2019 | -6.3% | -2.8% | +18.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Vermont Captive Insurance Association 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Vermont Captive Insurance Association allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. 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 surplus of $217K, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.7%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial snippets, with 'c0%' noted, which warrants further inquiry into how leadership is compensated.
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 Vermont Captive Insurance Association's IRS 990 filings:
- The 'c0%' for compensation across all years is unusual and requires clarification to understand executive remuneration practices.
- Expenses have exceeded revenue in several years (e.g., 2021, 2020, 2017), indicating potential operational deficits in those periods.
Strengths
The following positive indicators were identified for Vermont Captive Insurance Association:
- The organization maintains a strong asset base, consistently above $1.3 million, providing financial stability.
- Revenue has shown growth from $1,046,650 in 2021 to $2,131,604 in 2023, demonstrating increasing financial intake.
- Net assets (assets minus liabilities) have remained positive and substantial over the reported period.
Frequently Asked Questions about Vermont Captive Insurance Association
Is Vermont Captive Insurance Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Vermont Captive Insurance Association (EIN: 222744474) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Vermont Captive Insurance Association spend its money?
Vermont Captive Insurance Association directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vermont Captive Insurance Association tax-deductible?
Vermont Captive Insurance Association is registered as a tax-exempt nonprofit (EIN: 222744474). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Vermont Captive Insurance Association's spending goes to programs?
Vermont Captive Insurance Association directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Vermont Captive Insurance Association compare to similar nonprofits?
With a transparency score of 75/100 (Good), Vermont Captive Insurance Association is above average for NTEE category Y00C nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Vermont Captive Insurance Association located?
Vermont Captive Insurance Association is headquartered in S Burlington, Vermont and files with the IRS under EIN 222744474. It is classified under NTEE code Y00C.
How many years of IRS 990 filings does Vermont Captive Insurance Association have?
Vermont Captive Insurance Association 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 $2.1M in total revenue.
What does Vermont Captive Insurance Association do?
Vermont Captive Insurance Association is a nonprofit organization in the Mutual & Membership Benefit sector, located in S Burlington, Vermont. It is classified under NTEE code Y00C.
How much revenue does Vermont Captive Insurance Association have?
Vermont Captive Insurance Association reported total revenue of $2,149,961. Based on 13 IRS 990 filings on record.
What are Vermont Captive Insurance Association's total assets?
Vermont Captive Insurance Association holds total assets of $1,507,670 as reported in IRS 990 filings.
Where is Vermont Captive Insurance Association located?
Vermont Captive Insurance Association is based in S Burlington, Vermont.
What is Vermont Captive Insurance Association's EIN?
Vermont Captive Insurance Association's Employer Identification Number (EIN) is 222744474. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Vermont Captive Insurance Association?
Vermont Captive Insurance Association is classified under NTEE code Y00C (Mutual & Membership Benefit).
Is Vermont Captive Insurance Association a registered 501(c)(3)?
Yes, Vermont Captive Insurance Association is recognized as a tax-exempt organization by the IRS. EIN: 222744474.
Does Vermont Captive Insurance Association file IRS Form 990?
Yes, Vermont Captive Insurance Association has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Vermont Captive Insurance Association's revenue in 2023?
In the 202312 filing period, Vermont Captive Insurance Association reported total revenue of $2,131,604, total expenses of $1,914,780, and net assets of $1,339,501.
Is Vermont Captive Insurance Association's revenue growing or declining?
Vermont Captive Insurance Association's revenue is growing. Revenue went from $1,673,963 (202212) to $2,131,604 (202312), a +27.3% change. Based on 13 filings on record.
What is Vermont Captive Insurance Association's most recent 990 filing?
The most recent IRS Form 990 filing for Vermont Captive Insurance Association covers tax period 202312. It shows revenue of $2,131,604, expenses of $1,914,780, total assets of $1,339,501, and liabilities of $519,021.
How much does Vermont Captive Insurance Association spend on programs vs administration?
Based on IRS 990 analysis, Vermont Captive Insurance Association allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Vermont Captive Insurance Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Vermont Captive Insurance Association appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Vermont Captive Insurance Association?
The following concerns were identified: The 'c0%' for compensation across all years is unusual and requires clarification to understand executive remuneration practices.. Expenses have exceeded revenue in several years (e.g., 2021, 2020, 2017), indicating potential operational deficits in those periods.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Vermont Captive Insurance Association's strengths?
Positive indicators for Vermont Captive Insurance Association include: The organization maintains a strong asset base, consistently above $1.3 million, providing financial stability.. Revenue has shown growth from $1,046,650 in 2021 to $2,131,604 in 2023, demonstrating increasing financial intake.. Net assets (assets minus liabilities) have remained positive and substantial over the reported period.. These findings are derived from AI analysis of the organization's financial filings.
How does Vermont Captive Insurance Association compensate executives?
Executive compensation is not explicitly detailed in the provided financial snippets, with 'c0%' noted, which warrants further inquiry into how leadership is compensated. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' compensation reported, how does the Vermont Captive Insurance Association compensate its executives and key personnel?
The 'c0%' likely indicates that executive compensation is either not reported in this specific data field, is zero, or is covered under a different expense category not detailed here. A full Form 990 would be needed to clarify this.
What factors contributed to the significant revenue increase from $1,046,650 in 2021 to $2,131,604 in 2023?
The provided data does not specify the reasons for the revenue increase, but it could be attributed to increased membership, successful fundraising initiatives, or expanded program offerings.
Filing History
IRS 990 filing history for Vermont Captive Insurance Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Vermont Captive Insurance Association's revenue has grown by 56.8%, moving from $1.4M to $2.1M. Total assets decreased by 0.4% over the same period, from $1.3M to $1.3M. Total functional expenses rose by 32.5%, from $1.4M to $1.9M. In its most recent filing year (2023), Vermont Captive Insurance Association reported a surplus of $217K, with revenue exceeding expenses. The organization holds $519K in liabilities against $1.3M in assets (debt-to-asset ratio: 38.7%), resulting in net assets of $820K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.9M | $1.3M | $519K | — | View 990 |
| 2022 | $1.7M | $1.7M | $1.1M | $552K | — | — |
| 2021 | $1.0M | $1.3M | $1.4M | $619K | — | View 990 |
| 2020 | $1.2M | $1.3M | $1.5M | $602K | — | View 990 |
| 2019 | $1.6M | $1.6M | $1.6M | $673K | — | View 990 |
| 2018 | $1.7M | $1.6M | $1.3M | $655K | — | View 990 |
| 2017 | $1.6M | $1.6M | $1.6M | $739K | — | View 990 |
| 2016 | $1.6M | $1.6M | $1.6M | $792K | — | View 990 |
| 2015 | $1.5M | $1.5M | $1.5M | $791K | — | View 990 |
| 2014 | $1.5M | $1.4M | $1.6M | $800K | — | View 990 |
| 2013 | $1.5M | $1.5M | $1.5M | $768K | — | View 990 |
| 2012 | $1.4M | $1.4M | $1.5M | $776K | — | View 990 |
| 2011 | $1.4M | $1.4M | $1.3M | $678K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.9M, and assets of $1.3M (revenue +27.3% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $1.1M (revenue +59.9% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.3M, and assets of $1.4M (revenue -9.4% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.3M, and assets of $1.5M (revenue -27.5% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.6M, and assets of $1.6M (revenue -6.3% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $1.3M (revenue +8.9% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $1.6M (revenue -1.2% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $1.6M (revenue +5.3% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $1.5M (revenue +1.3% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $1.6M (revenue -3.1% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $1.5M (revenue +7.7% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $1.5M (revenue +4.4% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vermont Captive Insurance Association:
Data Sources and Methodology
This transparency report for Vermont Captive Insurance Association 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.