Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti
Health Insurance Consortium consistently operates near break-even with no reported officer compensation.
EIN: 205988744 · Wilton, NY · NTEE: Y44 · Updated: 2026-03-28
Is Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti
Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti (EIN: 205988744) is a nonprofit organization based in Wilton, NY, classified under NTEE code Y44. The organization reported total revenue of $174.3M and total assets of $51.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti is a major nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $144.2M |
| Total Expenses | $153.5M |
| Surplus / Deficit | $-9,279,283 |
| Total Assets | $52.9M |
| Total Liabilities | $15.3M |
| Net Assets | $37.6M |
| Operating Margin | -6.4% |
| Debt-to-Asset Ratio | 28.8% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2023, Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti reported a deficit of $9.3M with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 28.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.4% | +3.7% | -8.5% |
| 2022 | +0.9% | +8.0% | -12.9% |
| 2021 | +3.6% | +6.8% | -1.9% |
| 2020 | -1.3% | -3.1% | +9.0% |
| 2019 | +1.9% | +4.6% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization of this size with revenues exceeding $100 million annually, suggesting that executive functions may be performed by volunteers or through shared services not directly compensated by the consortium.
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 Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti's IRS 990 filings:
- Occasional operating deficits, such as in 2023 where expenses exceeded revenue by over $9 million, could indicate reliance on reserves or a need for tighter cost controls.
- The consistent 0% officer compensation for an organization of this scale is highly unusual and might warrant further inquiry into how executive leadership is compensated or structured, to ensure sustainability and accountability.
Strengths
The following positive indicators were identified for Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti:
- Strong program spending efficiency, as evidenced by expenses closely tracking revenue and the nature of a health insurance consortium.
- Exceptional financial transparency regarding executive compensation, with 0% reported officer compensation across all filings.
- Consistent revenue growth over the past decade, from $114.4 million in 2014 to $144.2 million in 2023, indicating stable demand and operational capacity.
- Substantial asset base, consistently above $50 million, providing financial stability and a buffer against operational fluctuations.
Frequently Asked Questions about Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti
Is Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti (EIN: 205988744) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti spend its money?
Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti tax-deductible?
Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti is registered as a tax-exempt nonprofit (EIN: 205988744). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is WSWHHEC a good charity?
Based on the available financial data, WSWHHEC appears to be a highly efficient organization, particularly given its 0% officer compensation and the nature of its operations as a health insurance consortium. Its consistent program spending (implied by the close revenue/expense ratio and lack of other significant spending categories) suggests it effectively delivers on its mission.
How does WSWHHEC manage its finances given the occasional deficits?
The organization's financial statements show periods where expenses slightly exceed revenue, such as in 2023 ($153.5M expenses vs. $144.2M revenue) and 2022 ($148.0M expenses vs. $139.4M revenue). This suggests it may draw upon its substantial asset base (e.g., $52.8M in 2023) to cover these operational shortfalls, which is a common practice for insurance entities managing fluctuating claims.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is a significant indicator of the organization's commitment to directing funds towards its primary purpose. For an entity with over $100 million in annual revenue, this suggests either a volunteer-led executive team or that executive services are provided through an external arrangement not directly compensated by the consortium, which enhances its financial efficiency.
Filing History
IRS 990 filing history for Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti's revenue has grown by 60.8%, moving from $89.7M to $144.2M. Total assets increased by 32.8% over the same period, from $39.8M to $52.9M. Total functional expenses rose by 69.5%, from $90.6M to $153.5M. In its most recent filing year (2023), Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti reported a deficit of $9.3M, with expenses exceeding revenue. The organization holds $15.3M in liabilities against $52.9M in assets (debt-to-asset ratio: 28.8%), resulting in net assets of $37.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $144.2M | $153.5M | $52.9M | $15.3M | — | View 990 |
| 2022 | $139.5M | $148.0M | $57.8M | $10.9M | — | View 990 |
| 2021 | $138.2M | $137.1M | $66.4M | $10.9M | — | View 990 |
| 2020 | $133.4M | $128.3M | $67.7M | $13.4M | — | View 990 |
| 2019 | $135.2M | $132.4M | $62.1M | $12.9M | — | View 990 |
| 2018 | $132.6M | $126.6M | $59.7M | $13.3M | — | View 990 |
| 2017 | $124.6M | $126.9M | $61.6M | $21.3M | — | View 990 |
| 2016 | $120.0M | $121.4M | $62.2M | $19.6M | — | View 990 |
| 2015 | $115.0M | $109.4M | $63.6M | $19.6M | — | View 990 |
| 2014 | $114.5M | $109.7M | $57.9M | $19.5M | — | View 990 |
| 2013 | $108.0M | $99.2M | $52.2M | $18.5M | — | View 990 |
| 2012 | $102.1M | $104.0M | $36.9M | $12.0M | — | View 990 |
| 2011 | $89.7M | $90.6M | $39.8M | $13.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $144.2M, expenses of $153.5M, and assets of $52.9M (revenue +3.4% year-over-year).
- 2022: Revenue of $139.5M, expenses of $148.0M, and assets of $57.8M (revenue +0.9% year-over-year).
- 2021: Revenue of $138.2M, expenses of $137.1M, and assets of $66.4M (revenue +3.6% year-over-year).
- 2020: Revenue of $133.4M, expenses of $128.3M, and assets of $67.7M (revenue -1.3% year-over-year).
- 2019: Revenue of $135.2M, expenses of $132.4M, and assets of $62.1M (revenue +1.9% year-over-year).
- 2018: Revenue of $132.6M, expenses of $126.6M, and assets of $59.7M (revenue +6.4% year-over-year).
- 2017: Revenue of $124.6M, expenses of $126.9M, and assets of $61.6M (revenue +3.8% year-over-year).
- 2016: Revenue of $120.0M, expenses of $121.4M, and assets of $62.2M (revenue +4.3% year-over-year).
- 2015: Revenue of $115.0M, expenses of $109.4M, and assets of $63.6M (revenue +0.5% year-over-year).
- 2014: Revenue of $114.5M, expenses of $109.7M, and assets of $57.9M (revenue +5.9% year-over-year).
- 2013: Revenue of $108.0M, expenses of $99.2M, and assets of $52.2M (revenue +5.8% year-over-year).
- 2012: Revenue of $102.1M, expenses of $104.0M, and assets of $36.9M (revenue +13.9% year-over-year).
- 2011: Revenue of $89.7M, expenses of $90.6M, and assets of $39.8M.
Data Sources and Methodology
This transparency report for Washington Saratoga Warren Hamiltonessex Counties Health Ins Consorti 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.