Insurance Council of Texas Group Insurance Plan

EIN: 202675859 Mutual Benefit

Austin, TX

Total Revenue
$596,863
Total Expenses
$601,800
Total Assets
$702,516
Net Assets
$702,516
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
TX
Principal Officer
Paula Harmon
Phone
5124449611
Tax Period
2023-01-01 to 2023-12-31

Insurance Council of Texas Group Insurance Plan, founded in 1967, is a small nonprofit in the Mutual Benefit sector that reported $597K in total revenue in fiscal year 2023.

Mission

This is an IRC Section 501c9 voluntary employee benefit association. It provides health insurance including medical, dental, life and disability coverage to employees and retirees of the Insurance Council of Texas.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $570,538
Investment Income $26,325
Other Revenue $0
TOTAL REVENUE $596,863

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $598,144
Other Expenses $601,800
TOTAL EXPENSES $601,800

Year-over-Year Comparison

2023 2022 Change
Revenue $596,863 $616,128 0.0%
Expenses $601,800 $566,089 +0.1%
Net Income $-4,937 $50,039 -1.1%
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

Sign In

Governance

Voting Members
1
Independent Members
1
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paula Harmon Trustee 002.00
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
2024 No data No data No data No data
2023 $596,863 $601,800 $702,516 $-4,937
2022 $616,128 $566,089 $707,453 $50,039
2021 $615,054 $657,883 $657,414 $-42,829
2020 $665,698 $704,775 $715,339 $-39,077
Explore More Nonprofits
→Top 100 Nonprofits in Texas →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Insurance Council of Texas Group Insurance Plan with other nonprofits in Texas and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.