ADVANCED PROVIDERS INSURANCE RISK RETENTION GROUP INC (EIN 201095828) - 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

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

TO PROVIDE AFFORDABLE MEDICAL MALPRACTICE INSURANCE TO MEDICAL PROFESSIONALS THAT MAKE HOUSE CALLS TO ELDERLY PATIENTS.

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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 (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

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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

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