PACIFIC ASSOCIATION OF DOMESTIC IN… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

MICHAEL HALL

Phone

5308886045

Tax Period

2023-01-01 to 2023-12-31

PACIFIC ASSOCIATION OF DOMESTIC INSURANCE COMPANIES, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $218K in total revenue in fiscal year 2023. Expenses of $210K left a modest 4% surplus.

Mission

THE PACIFIC ASSOCIATION OF DOMESTIC INSURANCE COMPANIES (PADIC)IS AN ORGANIZATION OF MID-SIZED CALIFORNIA DOMESTIC PROPERTY AND CASUALTY INSURANCE COMPANIES. PADIC WORKS WITH REGULATORS, LEGISLATORS, CONSUMERS AND POLICYHOLDERS TO IMPROVE UNDERSTANDING OF INSURANCE ISSUES, KEEP COSTS AND PRICES AT REASONABLE LEVELS AND CREATE A HEALTHY INSURANCE MARKETPLACE.

Program Service Accomplishments

Program 1

CONDUCT QUARTERLY MEETINGS FOR MEMBERS TO REVIEW CURRENT REGULATIONS AND LEGISLATION RELATING TO THE INSURANCE INDUSTRY.

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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 $207,500

Investment Income $10,875

Other Revenue $0

TOTAL REVENUE $218,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,992

Fundraising Expenses $0

Other Expenses $114,628

TOTAL EXPENSES $209,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,375	$218,249	+0.0%
Expenses	$209,620	$219,957	0.0%
Net Income	$8,755	$-1,708	-6.1%

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

$94,992

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY QUEEN	DIRECTOR	2.00	Director	$0	$0	$0
BOB HAGEDORN	DIRECTOR	2.00	Director	$0	$0	$0
MATT CURLEY	DIRECTOR	2.00	Director	$0	$0	$0
BYRON STORMS	DIRECTOR	2.00	Director	$0	$0	$0
JOSH MAGDEN	DIRECTOR	2.00	Director	$0	$0	$0
ELIAS ASSAF	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT KINGSLEY	DIRECTOR	2.00	Director	$0	$0	$0
ANISHA BASI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL HALL	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANGIE VAN CLEAF	TREASURER/SECRETARY	2.00	Officer Director	$0	$0	$0
AL BOTTALICO	EXECUTIVE DIRECTOR	40.00	Officer	$94,992	$0	$94,992

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	$218,375	$209,620	$313,144	$8,755
2022	$218,249	$219,957	$305,122	$-1,708
2021	$237,034	$200,533	$307,037	$36,501
2020	$230,545	$226,558	$276,633	$3,987
2019	$236,590	$209,459	$265,609	$27,131
2018	$241,634	$228,417	$238,478	$13,217

PACIFIC ASSOCIATION OF DOMESTIC INSURANCE COMPANIES