Like any other business, NPO's need insurance too. Unlike many other businesses, they are required to file form 990, which includes detailed financials: revenue sources, assets and expenses, like insurance. It also provides executive level personnel and contracted service providers.
Why it matters: insurance cost is a line item. An 18% jump on flat revenue is a renewal that didn't go well, and a reason to call.
Financials, people and providers, straight off the filing.
Revenues broken down by contributions and grants as well as program service revenues (GL exposure), expenses, assets and liabilities. Officers, directors and other key employees, top contractors based on compensation, and grants handed out.
| Line item | Current | Prior |
|---|---|---|
| Contributions & grants | $4,180,000 | $4,050,000 |
| Program service revenue | $2,640,000 | $2,710,000 |
| Total assets | $11,900,000 | $10,740,000 |
| Total liabilities | $3,210,000 | $3,090,000 |
| Salaries & wages | $3,020,000 | $2,880,000 |
| Insurance expense | $142,500 | $120,800 |
Three things on every filing turn into an underwriting conversation.
What the organization actually does for money tells you the operations you're rating: events, transport, facilities, counseling, childcare.
Total assets, land and buildings point at the property schedule before you ever ask for one.
Named executives and board members: the D&O conversation, plus the contact you actually need.
Start free and pull the 990 on a non-profit in your backyard.