ALLIED SERVICES RISK RETENTION GROUP (EIN 201177431) - 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

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 AND 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 (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

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

$2,104,993

Total Directors

$1,384,674

Key Employees

Highest Compensated

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

ALLIED SERVICES RISK RETENTION GROUP