SMART DISCIPLINE INCOME PROTECTION PROGRAM (EIN 300093453) - 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

2002

Legal Domicile

Principal Officer

JEREMY FERGUSON

Phone

2162289400

Tax Period

2024-01-01 to 2024-12-31

SMART DISCIPLINE INCOME PROTECTION PROGRAM, founded in 2002, is a community nonprofit in the Mutual Benefit sector that reported $6.8M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.8M, a strong 27% operating margin.

Mission

PROVIDES BENEFITS TO MEMBERS WHO SUFFER A LOSS OF WAGES OCCASIONED BY AN ELIGIBLE DISCHARGE OR SUSPENSION AS A RESULT OF CERTAIN DISCIPLINARY MEASURES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,955,516

Investment Income $1,817,817

Other Revenue $0

TOTAL REVENUE $6,773,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,593

Fundraising Expenses $0

Program Expenses $0

Other Expenses $220,800

TOTAL EXPENSES $4,931,063

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,773,333	$8,599,679	-0.2%
Expenses	$4,931,063	$4,517,907	+0.1%
Net Income	$1,842,270	$4,081,772	-0.5%

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

N/A

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

$1,771,321

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL COLEMAN	TRUSTEE	1	Director	$0	$54,549	$566,302
JEREMY FERGUSON	TRUSTEE	1	Director	$0	$94,578	$447,123
JOSEPH POWELL	(FORMER) TRUSTEE	1	Director	$0	$34,554	$445,004
JOHN DANIEL	TRUSTEE	1	Director	$0	$36,286	$312,892

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	$6,773,333	$4,931,063	$25,211,535	$1,842,270
2023	$8,599,679	$4,517,907	$23,357,492	$4,081,772
2022	$7,284,696	$4,715,481	$19,206,886	$2,569,215
2021	$10,340,099	$7,439,464	$16,638,070	$2,900,635
2020	$12,370,808	$9,518,876	$13,763,804	$2,851,932

SMART DISCIPLINE INCOME PROTECTION PROGRAM