SOUTHERN OREGON INSURANCE INC (EIN 201578637) - 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

HEATHER ROWENHORST

Phone

8085853500

Tax Period

2023-10-01 to 2024-09-30

SOUTHERN OREGON INSURANCE INC, founded in 2004, is a community nonprofit in the Mutual Benefit sector that reported $5.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 22% operating margin.

Mission

TO BE A NONPROFIT CAPTIVE INS. CO PURSUANT TO ART. 19 OF CH. 431 OF THE HI REV. STATUTES, AS AMD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,259,353

Investment Income $2,091,374

Other Revenue $0

TOTAL REVENUE $5,350,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,676,939

Other Expenses $4,169,948

TOTAL EXPENSES $4,169,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,350,727	$4,744,418	+0.1%
Expenses	$4,169,948	$4,218,720	0.0%
Net Income	$1,180,779	$525,698	+1.2%

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

$1,665,683

Total Directors

$1,736,192

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM GESSEL	CHAIR/PRESIDENT	2.00	Officer Director	$0	$0	$1,050,000
HEATHER ROWENHORST	TREASURER	2.00	Officer Director	$0	$0	$495,653
JAMES GREBOSKY MD	DIRECTOR	1.00	Director	$0	$41,116	$190,539
PETER ANGSTADT	VP/SECRETARY	2.00	Officer Director	$0	$0	$0
JEN LIGONS	ASSISTANT SECRETARY	0.00	Officer	$0	$29,552	$120,030
SCOTT KELLY	FORMER CHAIR/PRES THRU 2/13/23	0.00		$0	$33,733	$304,563

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	$5,350,727	$4,169,948	$43,322,136	$1,180,779
2023	$4,744,418	$4,218,720	$37,486,809	$525,698
2022	$4,978,007	$3,243,258	$34,005,109	$1,734,749
2021	$6,022,584	$2,084,647	$37,016,411	$3,937,937
2020	$5,043,874	$2,265,484	$32,892,511	$2,778,390
2019	$5,831,659	$2,386,901	$29,795,744	$3,444,758
2018	$3,640,133	$3,161,757	$25,960,402	$478,376

SOUTHERN OREGON INSURANCE INC