THE MISSISSIPPI WORKERS' COMPENSATION GROUP SELF-INSURER GUARANTY ASSOCIATION (EIN 201973267) - 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

2005

Legal Domicile

Principal Officer

MICHAEL CALLAHAN

Phone

6016058605

Tax Period

2025-01-01 to 2025-12-31

THE MISSISSIPPI WORKERS' COMPENSATION GROUP SELF-INSURER GUARANTY ASSOCIATION, founded in 2005, is a micro nonprofit in the Mutual Benefit sector that reported $51K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. Expenses of $57K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE MECHANISMS FOR THE PAYMENT OF COVERED CLAIMS UNDER SELF-INSURANCE COVERAGE, TO AVOID EXCESSIVE DELAY IN PAYMENT AND TO AVOID FINANCIAL LOSS TO CLAIMANTS DUE TO THE INSOLVENCY OF A SELF-INSURER.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $51,200

Other Revenue $0

TOTAL REVENUE $51,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $57,018

TOTAL EXPENSES $57,018

Year-over-Year Comparison

	2025	2024	Change
Revenue	$51,200	$63,572	-0.2%
Expenses	$57,018	$56,122	+0.0%
Net Income	$-5,818	$7,450	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MICHAEL CALLAHAN	CHAIRMAN	Officer Director	$0	$0	$0
CORA BETH HARTFIELD	SECRETARY TREASURER	Officer Director	$0	$0	$0
MARTY MILSTEAD	DIRECTOR	Director	$0	$0	$0
RICKY SALTZMAN	VICE-CHAIRMAN	Officer Director	$0	$0	$0
WENDY POWELL	DIRECTOR	Director	$0	$0	$0

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
2025	$51,200	$57,018	$1,176,777	$-5,818
2024	$63,572	$56,122	$1,164,451	$7,450
2023	$38,447	$47,306	$1,162,701	$-8,859
2022	$58,053	$45,983	$1,148,581	$12,070
2021	$41,075	$46,694	$1,208,483	$-5,619
2020	$51,257	$41,159	$1,232,396	$10,098
2019	$242,025	$59,897	$1,206,736	$182,128
2018	$33,622	$122,950	$971,825	$-89,328

THE MISSISSIPPI WORKERS' COMPENSATION GROUP SELF-INSURER GUARANTY ASSOCIATION