Overview
What is Nevada Risk Pooling Inc?
Nevada Risk Pooling Inc, located in Carson City, Nevada, operates as a nonprofit organization. Its primary mission is to offer financial and administrative management services for Nevada's governmental insurance pools and related captive insurance entities. By providing these services, the company aims to support the public through its insurance-related operations. With a team of nine dedicated individuals, Nevada Risk Pooling Inc plays a crucial role in managing financial aspects for various insurance pools within the state.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Nevada Risk Pooling Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization scored a respectable 82% in its overall performance, which is mainly derived from its Accountability & Finance metrics. This score reflects the nonprofit’s commitment to maintaining transparency and responsible management of its resources.
The organization boasts a fully independent board, which is one of its significant strengths, as indicated by a perfect score in that category. Additionally, it has established robust audit and oversight practices, including the absence of any material diversion of assets and a comprehensive conflict of interest policy. These factors contribute to a strong trust in the management of financial resources.
However, there are some limitations noted in the financial metrics, particularly regarding the program expense ratio, which stands at 57.95%, and fundraising efficiency, where the organization scored only $0.002 per dollar raised. This suggests that while the organization is financially stable and well-governed, there may be opportunities for improvement in how it allocates funds toward its programs and enhances its fundraising effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Nevada Risk Pooling Inc legitimate?
Nevada Risk Pooling Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nevada Risk Pooling Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $319,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Nevada Risk Pooling Inc?
Nevada Risk Pooling Inc's mission is centered around providing financial and administrative management services for various Nevada governmental insurance pools and their related captive insurance entities. This organization aims to support these entities effectively, ensuring they operate efficiently and effectively. By providing these management services, Nevada Risk Pooling Inc plays a critical role in the financial and operational sustainability of these insurance pools, contributing to the overall well-being of the public they serve. Additionally, the company offers accounting services for two specific entities within this sector.
Who is the CEO of Nevada Risk Pooling Inc?
Alan Kalt is the Cfo of Nevada Risk Pooling Inc.
What is the revenue of Nevada Risk Pooling Inc?
Nevada Risk Pooling Inc's revenue in 2023 was $2,676,091.
Who are the executives of Nevada Risk Pooling Inc and what are their salaries?
The average compensation at Nevada Risk Pooling Inc during 2023 was $35,478. There are 9 employees at Nevada Risk Pooling Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $149,523
- Related: $0
- Other: $0
- Compensation: $149,523
- Related: $0
- Other: $0
Where can I find the form 990 for Nevada Risk Pooling Inc?
Nevada Risk Pooling Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Nevada Risk Pooling Inc
Nevada Risk Pooling Inc, as a mission-driven entity, is dedicated to providing financial and administrative management services for Nevada's governmental insurance pools and their related captive insurance entities. This organization plays a critical role in overseeing the financial and administrative operations of these entities, ensuring they function efficiently and effectively. By offering these services, Nevada Risk Pooling Inc contributes to the stability and reliability of the insurance sector within Nevada, ultimately benefiting the public that relies on these pools and captives for protection.
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Impact
July, 2024
Nevada Risk Pooling Inc has a significant impact on the financial and administrative management of Nevada governmental insurance pools and their related captive insurance entities. By providing management services for these entities and offering accounting services to two organizations serving the public, Nevada Risk Pooling Inc plays a crucial role in ensuring the smooth operation and effective risk management of these insurance pools. This contribution helps safeguard the interests of the public sector and promotes financial stability within the governmental insurance sector in Nevada.
This information is meant to be a general summary of Nevada Risk Pooling Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $37,495
- Gross Receipts: $2,676,091
Assets and Liabilities:
- Total Assets: $2,804,953
- Total Liabilities: $90,702
- Net Assets: $2,714,251
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Organization Details
Founding Year
2019
Phone
(775) 885-7475Principal Officer
Alan Kalt
Main Address
201 S Roop St, Carson City, NV, 89701
NTEE Category
Code: Y20 - Mutual benefit
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