CRUDEN BAY RISK RETENTION GROUP INC (EIN 270057453) - 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

2003

Legal Domicile

Principal Officer

RODNEY MCKENDREE

Phone

8023712212

Tax Period

2023-01-01 to 2023-12-31

CRUDEN BAY RISK RETENTION GROUP INC, founded in 2003, is a community nonprofit in the Mutual Benefit sector that reported $6.2M in total revenue in fiscal year 2023.

Mission

PROVISION OF INSURANCE COVERAGE

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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 $3,690,000

Investment Income $2,488,150

Other Revenue $0

TOTAL REVENUE $6,178,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,183,357

Other Expenses $389,210

TOTAL EXPENSES $6,363,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,178,150	$6,149,537	+0.0%
Expenses	$6,363,676	$4,986,207	+0.3%
Net Income	$-185,526	$1,163,330	-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

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

$3,882,549

Total Directors

$5,123,123

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT D BRIDGES	TREASURER AND DIRECTOR (TO AUG '23)	0.00	Officer Director	$0	$65,893	$1,683,126
RODNEY MCKENDREE	PRESIDENT AND TREASURER	1.00	Officer Director	$0	$180,251	$1,428,739
DR MICHAEL ERHARD	DIRECTOR (FROM AUG '23)	2.00	Director	$0	$159,561	$1,165,489
LAURA KOWAL	DIRECTOR (FROM AUG '23)	2.00	Director	$0	$88,826	$691,838
JOHN LORD	PRESIDENT AND DIRECTOR (TO AUG '23)	2.00	Officer Director	$0	$0	$153,931
RYAN GADAPEE	SECRETARY AND DIRECTOR (FROM AUG '23)	2.00	Officer Director	$0	$0	$0
JEFFREY P JOHNSON	SECRETARY AND DIRECTOR (TO (AUG '23)	2.00	Officer Director	$0	$0	$0
WILLIAM W HIGGINBOTHAM II	ASSISTANT TREASURER	3.00	Officer	$0	$96,529	$616,753

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	$6,178,150	$6,363,676	$18,330,052	$-185,526
2022	$6,149,537	$4,986,207	$16,643,132	$1,163,330
2021	$6,048,862	$3,444,518	$20,126,037	$2,604,344
2020	$3,850,831	$4,257,942	$17,948,770	$-407,111
2019	$3,526,228	$2,030,036	$17,740,044	$1,496,192
2018	$2,352,074	$1,199,383	$16,148,802	$1,152,691

CRUDEN BAY RISK RETENTION GROUP INC