ALLIED SERVICES RISK RETENTION GROUP

EIN: 201177431 501(c)(3) Health Care

CHARLESTON, SC

Total Revenue
$1,961,572
Total Expenses
$2,793,586
Total Assets
$7,974,144
Net Assets
$1,135,407
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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
SC
Principal Officer
KENNETH KROGULSKI CFA
Phone
8008727475
Tax Period
2024-01-01 to 2024-12-31

ALLIED SERVICES RISK RETENTION GROUP, founded in 2004, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.8M exceeded revenue, resulting in a 42% operating deficit.

Mission

TO PROVIDE INSURANCE AND/OR CLAIMS DEFENSE TO ALLIED SERVICES FOUNDATION ("THE FOUNDATION") AND EACH AFFILIATE, COLLECTIVELY ALLIED SERVICES, AN INTEGRATED HEALTHCARE DELIVERY SYSTEM SERVING NORTHEAST PENNSYLVANIA.

Program Service Accomplishments

Program 1
Expenses: $2,774,910 Revenue: $1,655,039

PROVIDING INSURANCE IN SUPPORT OF THE EXEMPT ACTIVITIES ENGAGED IN BY ALLIED SERVICES SYSTEM ENTITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,655,039
Investment Income $306,533
Other Revenue $0
TOTAL REVENUE $1,961,572

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,774,910
Other Expenses $2,793,586
TOTAL EXPENSES $2,793,586

Year-over-Year Comparison

2024 2023 Change
Revenue $1,961,572 $1,663,328 +0.2%
Expenses $2,793,586 $1,609,420 +0.7%
Net Income $-832,014 $53,908 -16.4%
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

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
7

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
5
$2,104,993
Total Directors
6
$1,384,674
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH KROGULSKI CFA CHAIRMAN 1.00
Officer Director
$0 $0 $0
WILLIAM W SCRANTON III VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
GERALD B FRANCESKI TREASURER 1.00
Officer Director
$0 $0 $0
WILLIAM P CONABOY ESQ PRESIDENT/CEO/SECRETARY 1.00
Officer Director
$0 $65,344 $1,384,674
MICHAEL FERGUSON DIRECTOR 1.00
Director
$0 $0 $0
PAUL R NEWTON DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL AVVISATO ASST. SECRETARY & TREASURE 1.00
Officer
$0 $57,753 $720,319
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 $1,961,572 $2,793,586 $7,974,144 $-832,014
2023 $1,663,328 $1,609,420 $8,644,209 $53,908
2022 $1,596,698 $1,151,885 $8,715,082 $444,813
2021 $2,000,051 $1,413,555 $9,018,967 $586,496
2020 $1,708,968 $1,213,725 $8,406,928 $495,243
2019 $1,349,969 $2,208,206 $7,211,461 $-858,237
2018 $1,161,853 $1,343,418 $6,204,921 $-181,565
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