NORTHWESTERN ARIZONA REGIONAL INSURANCE COMPANY

EIN: 208081486 501(c)(3) Health Care

PHOENIX, AZ

Total Revenue
$2,322,448
Total Expenses
$1,154,162
Total Assets
$18,020,460
Net Assets
$12,920,255
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
AZ
Principal Officer
KRYSTAL BURGE
Phone
6022222108
Tax Period
2023-07-01 to 2024-06-30

NORTHWESTERN ARIZONA REGIONAL INSURANCE COMPANY, founded in 2006, is a community nonprofit in the Health Care sector that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $1.2M, a strong 50% operating margin.

Mission

NORTHWESTERN ARIZONA REGIONAL INSURANCE COMPANY PROVIDES PROFESSIONAL LIABILITY, (CONT ON SCH O) GENERAL LIABILITY AND DIRECTORS AND OFFICERS' INSURANCE COVERAGE PURSUANT TO THE PROVISIONS OF ARIZONA REVISED STATUTES 20-1098. THE COMPANY CURRENTLY PROVIDES INSURANCE COVERAGE TO THE KINGMAN HOSPITAL, INC D/B/A KINGMAN REGIONAL MEDICAL CENTER. KINGMAN HOSPITAL, INC IS AN ARIZONA CORPORATION AND HAS BEEN RECOGNIZED AS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,931,893
Investment Income $342,344
Other Revenue $48,211
TOTAL REVENUE $2,322,448

Expense Breakdown

Grants Paid $1,000,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,026,900
Other Expenses $154,162
TOTAL EXPENSES $1,154,162

Year-over-Year Comparison

2023 2022 Change
Revenue $2,322,448 $2,623,405 -0.1%
Expenses $1,154,162 $1,146,249 +0.0%
Net Income $1,168,286 $1,477,156 -0.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT DEVRIES SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES BAKER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KRYSTAL BURGE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOSHUA HOFFMAN TREASURER 1.00
Officer Director
$0 $0 $0
HEATH EVANS BOARD MEMBER 1.00
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
2025 No data No data No data No data
2024 $2,322,448 $1,154,162 $18,020,460 $1,168,286
2023 $2,623,405 $1,146,249 $16,883,134 $1,477,156
2022 $2,364,262 $3,334,087 $16,002,570 $-969,825
2021 $2,668,912 $801,582 $18,343,056 $1,867,330
2021 $2,668,912 $801,582 $18,343,056 $1,867,330
2020 $2,857,037 $145,241 $16,400,636 $2,711,796
2019 $2,799,510 $1,700,936 $13,678,423 $1,098,574
2018 $2,876,190 $1,538,902 $12,821,289 $1,337,288
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