New England Automobile Dealers Insurance

Nonprofit profile at a glance

EIN
042084077
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
East Bridgewater, MA, USA
Phone
7817066944
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$2,002,519
Expenses
$1,989,612
Assets
$381,606
Liabilities
$266,623

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Highest reported compensation

  • CHARLIE A MUISE (GENERAL MANAGING TRUSTEE): $55,051 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide quality dental and life insurance beenftis to members at comparative rates. The trust is run by dealers for dealers and the main objective is to service membes through complete insurance administration.

What it reported doing in 2024

To provide insurance administration service to members. The nead insurance trust currently administers diability, dental and life plans for dealers throughout new england. The trust is run by dealers for dealers and the main objective is to service membes through complete insurance administration. The nead insurnace trust provides valuable beenftis to members at comparative rate levels, the goal of the trust is to provide the best quality products at competitive rate levels undertitten by insurance companies that are both known and respected on a national level.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Member-benefit provider. The nonprofit used 94% of its reported program spending for member benefits.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 28
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.8%; rating input score 94
  • Program expense ratio: 94.5%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.6%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.19; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 2.8%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: -2.7% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: -17% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -17% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 93.8% of revenue deployed · 94.5% of spending went to programs
  • Governance: 4 of 5 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.9M in reported program spending
  • Leadership: top reported pay $55K · 5 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.