NEW HAMPSHIRE AUTOMOBILE REINSURANCE FACILITY

EIN: 132882101

JOHNSTON, RI

Total Revenue
$81,458
Total Expenses
$139,687
Total Assets
$257,090
Net Assets
$174,505
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
RI
Phone
4019462310
Tax Period
2023-10-01 to 2024-09-30

NEW HAMPSHIRE AUTOMOBILE REINSURANCE FACILITY, founded in 1975, is a micro nonprofit that reported $81K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $140K exceeded revenue, resulting in a 71% operating deficit.

Mission

Placement of automobile insurance for those unable to obtain coverage in the voluntary market.

Program Service Accomplishments

Program 1

Placement of automobile insurance for those unable to obtain coverage in the voluntary market.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $53,526
Investment Income $13,628
Other Revenue $14,304
TOTAL REVENUE $81,458

Expense Breakdown

Grants Paid $0
Salaries & Benefits $58,023
Fundraising Expenses $0
Other Expenses $81,664
TOTAL EXPENSES $139,687

Year-over-Year Comparison

2023 2022 Change
Revenue $81,458 $119,306 -0.3%
Expenses $139,687 $190,290 -0.3%
Net Income $-58,229 $-70,984 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Gov Comm Member 0.10
Director
$0 $0 $0
N/A Gov Comm Member 0.10
Director
$0 $0 $0
N/A Gov Comm Member 0.10
Director
$0 $0 $0
N/A Gov Comm Member 0.10
Director
$0 $0 $0
N/A Gov Comm Member 0.10
Director
$0 $0 $0
N/A Gov Comm Member 0.10
Director
$0 $0 $0
N/A Gov Comm Member 0.10
Director
$0 $0 $0
N/A Gov Comm Member 0.10
Director
$0 $0 $0
N/A Gov Comm Member 0.10
Director
$0 $0 $0
N/A Gov Comm Member 0.10
Director
$0 $0 $0
NHAIAJudy Durst Gov Comm Member 0.10
Director
$0 $0 $0
Andre Gagne Gov Comm Member 0.10
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $81,458 $139,687 $257,090 $-58,229
2023 $119,306 $190,290 $303,705 $-70,984
2022 $115,350 $293,479 $393,629 $-178,129
2021 $111,994 $180,811 $333,747 $-68,817
2020 $126,927 $222,892 $469,270 $-95,965
2019 $156,187 $199,346 $526,629 $-43,159
2018 $207,545 $191,935 $547,848 $15,610
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