FIRST FOUNDERS ASSURANCE COMPANY (EIN 201384826) - Form 990 Financial Analysis & Trantor Score

🔒

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

2003

Legal Domicile

Principal Officer

ALLISON KENWORTHY

Phone

4055836072

Tax Period

2023-01-01 to 2023-12-31

FIRST FOUNDERS ASSURANCE COMPANY, founded in 2003, is a small nonprofit in the Diseases & Disorders sector that reported $562K in total revenue in fiscal year 2023. The organization ran a surplus of $270K, a strong 48% operating margin.

Mission

THE COMPANY'S PRIMARY BUSINESS IS SURETY WITH SPECIALIZATION IN PROVIDING UNITED STATES CUSTOMS BONDS AND OTHER FEDERAL BONDS RELATED TO THE IMPORT AND EXPORT INDUSTRY.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $369,078

Investment Income $193,177

Other Revenue $0

TOTAL REVENUE $562,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,000

Fundraising Expenses $0

Other Expenses $275,635

TOTAL EXPENSES $292,635

Year-over-Year Comparison

	2023	2022	Change
Revenue	$562,255	$584,351	0.0%
Expenses	$292,635	$315,875	-0.1%
Net Income	$269,620	$268,476	+0.0%

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

$357,326

Total Directors

$366,326

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE S HASKELL	SECRETARY,TREASURER & DIR	3.00	Officer Director	$4,000	$0	$145,705
JOHN K DAILY	PRESIDENT & DIRECTOR	2.00	Officer Director	$4,000	$0	$211,621
RICHARD RAMSAY	DIRECTOR	1.00	Director	$4,500	$0	$4,500
MICHAEL P O'CONNOR	DIRECTOR	1.00	Director	$4,500	$0	$4,500

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
2023	$562,255	$292,635	$7,897,620	$269,620
2022	$584,351	$315,875	$7,626,896	$268,476
2021	$536,473	$315,196	$6,996,430	$221,277
2020	$534,051	$374,154	$6,666,989	$159,897
2019	$558,335	$293,797	$6,434,409	$264,538
2018	$586,860	$317,380	$6,026,770	$269,480

FIRST FOUNDERS ASSURANCE COMPANY