INDIANA STATEWIDE GROUP INSURANCE TRUST (EIN 351374544) - 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

1977

Legal Domicile

Principal Officer

DEIRDRE TIERNAN

Phone

3174872227

Tax Period

2021-07-01 to 2021-11-30

INDIANA STATEWIDE GROUP INSURANCE TRUST, founded in 1977, is a micro nonprofit that reported $1 in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $20K exceeded revenue, resulting in a 2026400% operating deficit.

Mission

THE ORGANIZATION IS AN INSURANCE TRUST WHICH PROVIDES HEALTH AND OTHER BENEFITS COVERING SUBSTANTIALLY ALL EMPLOYEES OF THE PARTICIPATING COOPERATIVE MEMEBERS OF THE INDIANA STATEWIDE ASSOCIATION OF RURAL ELECTRIC COOPERATIVES, INC. AND EMPLOYEES OF OTHER ORGANIZATIONS WITHIN THE RURAL ELECTRIC 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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $1

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,265

Other Expenses $20,265

TOTAL EXPENSES $20,265

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1	$30,095	-1.0%
Expenses	$20,265	$112,772	-0.8%
Net Income	$-20,264	$-82,677	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID COX	TRUSTEE	0.50	Director	$0	$0	$0
CHADD JENKINS	TRUSTEE	0.50	Director	$0	$0	$0
STEVE MCMICHAEL	TRUSTEE	0.50	Director	$0	$0	$0
KEITH MATTHEWS	TRUSTEE/CHAIRMAN	0.50	Director	$0	$0	$0
JOHN GASSTROM	TRUSTEE	0.50	Director	$0	$0	$0
RANDY KLEAVING	TRUSTEE	0.50	Director	$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
2021	$30,095	$112,772	$1,917,216	$-82,677
2021	$1	$20,265	No data	$-20,264
2020	$988,261	$209,968	$2,022,057	$778,293
2019	$2,086,450	$3,025,229	$1,227,240	$-938,779
2018	$8,185,776	$7,707,593	$3,038,379	$478,183

INDIANA STATEWIDE GROUP INSURANCE TRUST