DMG INSURANCE COMPANY INC (EIN 261262665) - 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

2007

Legal Domicile

Principal Officer

CRAIG JONES

Phone

6024705000

Tax Period

2023-01-01 to 2023-12-31

DMG INSURANCE COMPANY INC, founded in 2007, is a community nonprofit in the Health Care sector that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 67% operating margin.

Mission

OPERATE AS A SUPPORTING ORGANIZATION TO PROVIDE PURE CAPTIVE INSURANCE SERVICES FOR THE EXCLUSIVE BENEFIT OF DISTRICT MEDICAL GROUP, INC.

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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 $4,288,414

Investment Income $792,781

Other Revenue $0

TOTAL REVENUE $5,081,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,511,195

Other Expenses $1,678,978

TOTAL EXPENSES $1,678,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,081,195	$4,053,839	+0.3%
Expenses	$1,678,978	$2,613,639	-0.4%
Net Income	$3,402,217	$1,440,200	+1.4%

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

$1,606,451

Total Directors

$3,142,499

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KOTE CHUNDU	CHAIRMAN OF THE BOARD	0.30	Director	$0	$99,826	$1,519,428
PHYLLIS BIEDESS	BOARD MEMBER	0.10	Director	$0	$0	$16,620
CRAIG JONES	PRESIDENT, CEO & TREASURER	0.50	Officer Director	$0	$66,036	$360,923
DR DANIEL GRIDLEY	VICE PRESIDENT	0.10	Officer Director	$0	$94,708	$760,136
DENISE ATWOOD	VICE PRESIDENT	1.00	Officer Director	$0	$23,455	$209,909
PATRICIA BAYLESS	SECRETARY	0.30	Officer Director	$0	$81,206	$275,483

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	$5,081,195	$1,678,978	$29,342,490	$3,402,217
2022	$4,053,839	$2,613,639	$25,651,703	$1,440,200
2021	$3,542,675	$1,979,236	$22,133,384	$1,563,439
2020	$3,182,636	$893,199	$19,173,458	$2,289,437
2019	$3,148,434	$1,634,275	$22,555,568	$1,514,159
2018	$3,049,914	$1,538,584	$18,654,565	$1,511,330
2017	$2,965,171	$315,728	$15,967,911	$2,649,443

DMG INSURANCE COMPANY INC