Bristol Town Insurance Company (EIN 390182953) - 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

1905

Legal Domicile

Principal Officer

Bruce P Krebs

Phone

6088375894

Tax Period

2023-01-01 to 2023-12-31

Bristol Town Insurance Company, founded in 1905, is a micro nonprofit that reported $37K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $287K exceeded revenue, resulting in a 672% operating deficit.

Mission

Insurance company providing affordable property and casualty coverage to local policyholders, while maintaining minimal gross profits and gross receipts, which do not exceed 600,000.

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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 $177,120

Investment Income $-142,770

Other Revenue $2,841

TOTAL REVENUE $37,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,894

Fundraising Expenses $0

Other Expenses $156,218

TOTAL EXPENSES $287,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,191	$210,637	-0.8%
Expenses	$287,112	$243,300	+0.2%
Net Income	$-249,921	$-32,663	+6.7%

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

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

$154,368

Total Directors

$155,068

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bruce P Krebs	Secretary / Treasurer	035.00	Officer Director Highest	$153,218	$0	$153,218
Robert Rademacher Jr	President	000.45	Officer Director	$600	$0	$600
Stephen Aime	Vice President	000.25	Officer Director	$550	$0	$550
Stephen Zimbrich	Director	000.25	Director	$250	$0	$250
Alan Rademacher	Director	000.25	Director	$200	$0	$200
John Stier	Director	000.25	Director	$150	$0	$150
Robert A Derr	Director	000.25	Director	$100	$0	$100

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
2023	$37,191	$287,112	No data	$-249,921
2022	$210,637	$243,300	$1,081,277	$-32,663
2021	$188,959	$182,840	$1,146,562	$6,119
2020	$210,692	$210,074	$1,144,467	$618

Bristol Town Insurance Company