ASSOCIATION OF GOVERNMENTAL RISK POOLS

EIN: 364253355 Community Improvement

SOUTHFIELD, MI

Total Revenue
$3,095,004
Total Expenses
$3,046,389
Total Assets
$1,449,177
Net Assets
$976,487
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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
1998
Legal Domicile
IL
Principal Officer
ANN GERGEN
Phone
5183892782
Tax Period
2023-01-01 to 2023-12-31

ASSOCIATION OF GOVERNMENTAL RISK POOLS, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

PROMOTE AND EDUCATE MEMBERS ON THE TOPIC OF GOVERNMENTAL RISK POOLING

Program Service Accomplishments

Program 1

PROMOTED AND EDUCATED MEMBERS ON THE TOPIC OF INTERGOVERNMENTAL RISK POOLING.

Program 2

PROVIDED RELEVANT AND QUALITY EDUCATION FOR POOL TRUSTEES, POOL STAFF, AND POOL MEMBERS.

Program 3

COMMUNICATED REGULARLY WITH MEMBERS TO SOLICIT, UNDERSTAND AND RESPOND TO THEIR NEEDS. IDENTIFIED AND CULTIVATED STRATEGIC PARTNERSHIPS WITH OTHER ORGANIZATIONS, BUSINESSES AND INDIVIDUALS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,058,982
Investment Income $36,022
Other Revenue $0
TOTAL REVENUE $3,095,004

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $3,046,389
TOTAL EXPENSES $3,046,389

Year-over-Year Comparison

2023 2022 Change
Revenue $3,095,004 $2,725,620 +0.1%
Expenses $3,046,389 $2,845,091 +0.1%
Net Income $48,615 $-119,471 -1.4%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
9

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
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFFER ALVARADO DIRECTOR 0.50
Director
$0 $0 $0
ADRIENNE BEATTY DIRECTOR 0.50
Director
$0 $0 $0
SHERYL BRANDT DIRECTOR 0.50
Director
$0 $0 $0
MEGAN CHORLTON DIRECTOR 0.50
Director
$0 $0 $0
LATANYA LEE DIRECTOR 0.50
Director
$0 $0 $0
SUZANNE PAULSON DIRECTOR 0.50
Director
$0 $0 $0
DAVID PFEIFLE DIRECTOR 0.50
Director
$0 $0 $0
BROOKS RICE DIRECTOR 0.50
Director
$0 $0 $0
DANIELLE ROGACKI DIRECTOR 0.50
Director
$0 $0 $0
BARBARA ZEMLOCK PRESIDENT 1.50
Officer Director
$0 $0 $0
ANN GERGEN EXECUTIVE DIRECTOR 30.00
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 $3,095,004 $3,046,389 $1,449,177 $48,615
2022 $2,725,620 $2,845,091 $1,278,709 $-119,471
2021 $1,755,759 $1,801,299 $1,380,284 $-45,540
2020 $1,928,538 $2,206,991 $1,479,487 $-278,453
2019 $2,064,853 $1,949,813 $2,181,062 $115,040
2018 $2,137,408 $2,020,834 $1,943,395 $116,574
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