Hudson Insurance Federation of New Jersey Inc
Nonprofit profile at a glance
- EIN
- 852197355
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024
- Location
- Newark, NJ, USA
- Phone
- 9735331112
- Rating confidence
- Limited
Reported finances
- Revenue
- $0
- Expenses
- $1,495
- Assets
- $2,118
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
People named in this filing
- James M Burns Esq (Trustee)
- William F Megna Esq (Trustee)
- Pete McKeegan (Trustee)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Hudson insurance federation of New Jersey, inc. (hif) is a member driven trade association that supports the interests of the insurance industry with a presence in the jersey city metro region and throughout the state of New Jersey. All aspects and segments of the insurance industry are welcome to participate in hif, including life and health and property casualty insurance companies, brokerages and agencies, captive insurance companies, third party administrators, law firms, actuarial firms, consulting firms and insurance departments. Our goal is to have members with expertise spanning the insurance industry, including in underwriting, claims, reinsurance, actuarial, legal and compliance.
What it reported doing in 2024
HIF supports the insurance industry through educational programs focusing on important industry trends and current developments, by providing a forum for insurance industry interaction with regulators, by advancing executive networking and professional development and by the promotion of insurance industry career opportunities for students, minorities and women.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 31
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 1.42; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -68% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 17 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 3 filing years from 2021 to 2024
- Contacts: How to reach this organization
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.