ADVANCED PROVIDERS INSURANCE RISK … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

CHARLES MARLIN

Phone

6022006900

Tax Period

2024-01-01 to 2024-12-31

ADVANCED PROVIDERS INSURANCE RISK RETENTION GROUP INC, founded in 2004, is a small nonprofit in the Mutual Benefit sector that reported $123K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $222K exceeded revenue, resulting in a 80% operating deficit.

Mission

THE COMPANY IS A RISK RETENTION GROUP (RRG) THAT ISSUES MEDICAL PROFESSIONAL LIABILITY INSURANCE CONTRACTS TO ITS MEMBER HEALTHCARE PROVIDERS WHO SPECIALIZE IN GERIATRIC CARE FOR HOME BOUND PATIENTS.

Program Service Accomplishments

Program 1

Expenses: $221,553 Revenue: $123,494

THE COMPANY PROVIDES MEDICAL MALPRACTICE INSURANCE AT REDUCED PREMIUM RATES TO ITS MEMBER POLICYHOLDERS WHO PROVIDE MEDICAL CARE TO GERIATRIC HOME BOUND PATIENTS. THE COMPANY CURRENTLY HAS 12...

THE COMPANY PROVIDES MEDICAL MALPRACTICE INSURANCE AT REDUCED PREMIUM RATES TO ITS MEMBER POLICYHOLDERS WHO PROVIDE MEDICAL CARE TO GERIATRIC HOME BOUND PATIENTS. THE COMPANY CURRENTLY HAS 12 POLICIES ISSUED THAT COVER PARTICIPATING PHYSICIANS, PHYSICIAN ASSISTANTS AND NURSE PRACTITIONERS. THROUGH PARTICIPATION IN THE RRG, THE HEALTH CARE PROVIDERS ARE ABLE TO KEEP THEIR PREMIUM RATES LOW ENOUGH TO CONTINUE TO SERVE ELDERLY HOME BOUND PATIENTS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $72,838

Investment Income $50,656

Other Revenue $0

TOTAL REVENUE $123,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $221,553

Other Expenses $159,798

TOTAL EXPENSES $222,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,494	$82,083	+0.5%
Expenses	$222,128	$121,864	+0.8%
Net Income	$-98,634	$-39,781	+1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$52,788

Total Directors

$54,575

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES MARLIN	PRESIDENT, TREASURER, DIRE	5.40	Officer Director	$51,600	$0	$51,600
EDWIN SOLER-VALCOURT MD	SECRETARY, DIRECTOR	0.00	Officer Director	$0	$0	$0
TIFFANY REO	DIRECTOR	0.00	Director	$0	$0	$0
TOM PLAMONDON	DIRECTOR	0.05	Director	$0	$0	$0
MAUREEN BELL	DIRECTOR	0.20	Director	$2,975	$0	$2,975
JAMES GORDON	ASSISTANT SECRETARY	0.20	Officer	$1,188	$0	$1,188

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	$123,494	$222,128	$1,506,660	$-98,634
2023	$82,083	$121,864	$1,532,421	$-39,781
2022	$113,021	$121,491	$1,626,164	$-8,470
2021	$106,563	$83,828	$1,682,938	$22,735
2020	$149,080	$210,576	$1,685,315	$-61,496
2019	$165,854	$132,429	$1,571,511	$33,425

ADVANCED PROVIDERS INSURANCE RISK RETENTION GROUP INC