NEW HAMPSHIRE BANKERS ASSOCIATION INSURANCE TRUST (EIN 026005138) - Form 990 Financial Analysis & Trantor Score

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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

1950

Legal Domicile

Principal Officer

KRISTY MERRILL

Phone

6032245373

Tax Period

2023-01-01 to 2023-12-31

NEW HAMPSHIRE BANKERS ASSOCIATION INSURANCE TRUST, founded in 1950, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2023.

Mission

THE PRIMARY PURPOSE OF THE INSURANCE TRUST IS TO OBTAIN VARIOUS INSURANCE BENEFIT PROGRAMS (LIFE, AD&D, HEALTH, DENTAL, ETC.) FOR ITS MEMBERS AT RATES LESS THAN THEY COULD INDIVIDUALLY OBTAIN.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,439,187

Investment Income $35,776

Other Revenue $0

TOTAL REVENUE $8,474,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,155,477

Other Expenses $354,487

TOTAL EXPENSES $9,155,477

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,474,963	$7,965,087	+0.1%
Expenses	$9,155,477	$8,065,072	+0.1%
Net Income	$-680,514	$-99,985	+5.8%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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

$447,081

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK PITKIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
AMY RANKINS	TRUSTEE	2.00	Director	$0	$0	$0
STEFFANY GALLANT	TRUSTEE	1.00	Director	$0	$0	$0
JAMES GRAHAM	TRUSTEE	1.00	Director	$0	$0	$0
KATHY MAGUIRE	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN MILLER	TRUSTEE	1.00	Director	$0	$0	$0
KRISTY MERRILL	EXECUTIVE SECRETARY	5.00	Officer	$0	$38,965	$240,316
SANDY TRACY	SPV/COO	1.00	Officer	$0	$63,815	$206,765

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
2024	No data	No data	No data	No data
2023	$8,474,963	$9,155,477	$848,132	$-680,514
2022	$7,965,087	$8,065,072	$1,555,012	$-99,985
2021	$8,712,913	$9,597,394	$1,655,893	$-884,481
2020	$8,602,168	$6,924,819	$2,443,783	$1,677,349
2019	$10,806,822	$10,834,337	$504,678	$-27,515
2018	$11,151,696	$11,156,519	$940,489	$-4,823

NEW HAMPSHIRE BANKERS ASSOCIATION INSURANCE TRUST