KEYSTONE INDEMNITY COMPANY LTD (EIN 030371612) - 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

2001

Legal Domicile

Principal Officer

JON-PAUL VENOIT

Phone

8028601958

Tax Period

2023-10-01 to 2024-09-30

KEYSTONE INDEMNITY COMPANY LTD, founded in 2001, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $898K, a strong 75% operating margin.

Mission

PROVIDE PROFESSIONAL MEDICAL LIABILITY INSURANCE AND GENERAL LIABILITY INSURANCE FOR MASONICARE CORPORATION AND ITS AFFILIATES.

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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 $509,000

Investment Income $680,603

Other Revenue $0

TOTAL REVENUE $1,189,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $197,474

Other Expenses $291,644

TOTAL EXPENSES $291,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,189,603	$1,352,918	-0.1%
Expenses	$291,644	$274,010	+0.1%
Net Income	$897,959	$1,078,908	-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

Governance

Voting Members

Independent Members

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

$1,114,529

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT F POLITO JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRISTOPHER J EARLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT J FURCE	SECRETARY	1.00	Officer Director	$0	$0	$0
NEWTON BUCKNER	TREASURER	1.00	Officer Director	$0	$0	$0
SHERWIN M BORSUK MD	DIRECTOR	1.00	Director	$0	$0	$0
JON-PAUL VENOIT PRESIDENT	& CEO, ASSISTANT SECRETARY	1.00	Officer	$0	$58,740	$786,378
STEVEN D BEAULIEU	CFO, ASSISTANT TREASURER	1.00	Officer	$0	$44,115	$328,151

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	$1,189,603	$291,644	$18,850,867	$897,959
2023	$1,352,918	$274,010	$16,488,638	$1,078,908
2022	$1,253,333	$218,962	$19,149,874	$1,034,371
2021	$1,623,992	$238,124	$21,636,018	$1,385,868
2020	$1,023,502	$241,581	$19,455,832	$781,921
2019	$756,084	$197,958	$19,435,396	$558,126
2018	$1,948,498	$-119,247	$18,884,317	$2,067,745

KEYSTONE INDEMNITY COMPANY LTD