Association of Insurance and Reinsurance Run-off Companies Inc
501(c)(6)Community
Only null% goes to programs Strong reserves
Association of Insurance and Reinsurance Run-off Companies Inc is a 501(c)(6) organization based in Smithtown, New York, registered in 2005, with $350,392 in FY2024 revenue. CharityIndex grades it B.
67 Aberdeen Rd, Smithtown, NY, 11787 EIN 41-2161294 Since 2005
Revenue (FY2024)
$350K
▼ 1.9% vs prior year
Community median: $184K
Expenses (FY2024)
$373K
Net assets
$462K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Association of Insurance and Reinsurance Run-off Companies Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating15 mo reserves · -7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Association of Insurance and Reinsurance Run-off Companies Inc: 15 mo reserves · -7% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Association of Insurance and Reinsurance Run-off Companies Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Association of Insurance and Reinsurance Run-off Companies Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 67 Aberdeen Rd, Smithtown, NY, 11787
- City
- Smithtown
- State
- New York
- Subcategory
- Business & Industry Associations
- Website
- …
Financial trends
Revenue grew from $247K (FY2013) to $350K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $144KNet assets $462K
Operating margin
-6.5%
Spent more than it raised in the latest fiscal year.
Total assets
$606K
Total liabilities
$144K
Net assets
$462K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $350,392▼1.9% | $373,175▲5.5% | $462,218▼4.7% | $606,304▼0.3% | 990 |
| 2023 | $357,133▲2.6% | $353,706▲5.0% | $485,001▲0.7% | $607,901▲7.9% | 990 |
| 2022 | $347,977▲4.0% | $336,978▲13.4% | $481,574▲2.3% | $563,574▼1.1% | 990 |
| 2021 | $334,661▲9.3% | $297,090▲5.2% | $470,575▲8.7% | $569,950▲4.0% | 990 |
| 2020 | $306,256▼0.4% | $282,427▼7.4% | $433,005▲5.8% | $548,265▲9.3% | 990 |
| 2019 | $307,436▲8.9% | $304,913▲4.3% | $409,176▲0.6% | $501,798▼1.6% | 990 |
| 2018 | $282,407▼8.2% | $292,242▲3.5% | $406,653▼2.4% | $509,699▼7.0% | 990 |
| 2017 | $307,752▲14.6% | $282,282▲0.1% | $416,487▲6.5% | $548,277▲3.8% | 990 |
| 2016 | $268,499▼13.1% | $282,089▲1.8% | $391,017▼3.4% | $528,173▲0.4% | 990 |
| 2015 | $308,827▲17.0% | $277,070▲9.0% | $404,607▲8.5% | $525,820▲5.3% | 990 |
| 2014 | $263,852▲6.9% | $254,160▲5.1% | $372,850▲2.7% | $499,375▲4.1% | 990 |
| 2013 | $246,865 | $241,804▼17.5% | $363,158▲1.4% | $479,765▲0.4% | 990 |
| 2012 | — | $293,145 | $358,096 | $477,878 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Association of Insurance and Reinsurance Run-off Companies Inc a legitimate nonprofit?
- Yes. Association of Insurance and Reinsurance Run-off Companies Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 41-2161294, based in Smithtown, New York.
- What is Association of Insurance and Reinsurance Run-off Companies Inc's EIN?
- Association of Insurance and Reinsurance Run-off Companies Inc's Employer Identification Number (EIN) is 41-2161294.
- How much revenue does Association of Insurance and Reinsurance Run-off Companies Inc report?
- Association of Insurance and Reinsurance Run-off Companies Inc reported $350,392 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Association of Insurance and Reinsurance Run-off Companies Inc have?
- CharityIndex grades Association of Insurance and Reinsurance Run-off Companies Inc B, based on financial health (reserves and operating margin).
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Data for Association of Insurance and Reinsurance Run-off Companies Inc (EIN 41-2161294) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.