WEST VIRGINIA INSURANCE FEDERATION (EIN 310973506) - 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

1979

Legal Domicile

Principal Officer

JILL C RICE

Phone

3043579929

Tax Period

2023-01-01 to 2023-12-31

WEST VIRGINIA INSURANCE FEDERATION, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $200K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO BE AN ADVOCATE FOR A VIBRANT AND COMPETITIVE INSURANCE CLIMATE IN THE STATE OF WEST VIRGINIA. TO SERVE AS THE LEADING ADVOCATE FOR AN IMPROVED AND MORE COMPETITIVE INSURANCE CLIMATE FOR COMPANIES AND THEIR INSUREDS.

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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 $200,237

Program Service Revenue $0

Investment Income $18

Other Revenue $0

TOTAL REVENUE $200,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $197,676

TOTAL EXPENSES $197,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,255	$184,561	+0.1%
Expenses	$197,676	$199,252	0.0%
Net Income	$2,579	$-14,691	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMIEN JOSEFIAK	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
FOSTER SIRBAUGH JR	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MIKE BERLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE CHAPMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES DODRILL	VICE CHAIRMAN	1.00	Director	$0	$0	$0
LINDSEY MCCUTCHAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RICH GOLICK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN OTTO	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY EGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL RILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE MARIE FRANKLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY EISEMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT OVERTURF	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN SHOEMAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDSAY SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL C RICE	PRESIDENT	2.00	Officer	$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
2024	No data	No data	No data	No data
2023	$200,255	$197,676	$149,302	$2,579
2022	$184,561	$199,252	$146,723	$-14,691
2021	$159,807	$147,702	$161,414	$12,105
2020	$166,481	$159,216	$149,309	$7,265
2019	$157,468	$182,503	$142,044	$-25,035
2018	$165,415	$168,962	$167,079	$-3,547

WEST VIRGINIA INSURANCE FEDERATION