POLICYHOLDERS MUTUAL INSURANCE COMP

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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

1989

Legal Domicile

Principal Officer

PATRICK LAWS

Phone

6088467203

Tax Period

2024-01-01 to 2024-12-31

POLICYHOLDERS MUTUAL INSURANCE COMP, founded in 1989, is a micro nonprofit that reported $255 in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE INSURANCE PROTECTION TO ITS MEMBER COMPANIES.

Program Service Accomplishments

Program 1

PROVIDE INSURANCE BENEFITS TO MEMBERS.THE CORPORATION'S GROUP INSURANCE POLICY EXPIRED AT THE END OF THE DAY ON DECEMBER 31, 2023 AND THERE WERE NO OUTSTANDING CLAIMS UNDER THE POLICY OR ANY POLICY PREVIOUSLY ISSUED BY THE CORPORATION. AS A RESULT, THE CORPORATION HAD NO MEMBERS AS OF THE BEGINNING OF THE DAY ON JANUARY 1, 2024, DUE TO THE EXPIRATION OF THE POLICY, BECAUSE THE MEMBERS OF WAMIC ARE ONLY MEMBERS OF THE CORPORATION DURING THE PERIOD THAT THE POLICY IS IN FORCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-255

Other Revenue $0

TOTAL REVENUE $-255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $15,870

TOTAL EXPENSES $15,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-255	$51,454	-1.0%
Expenses	$15,870	$63,201	-0.7%
Net Income	$-16,125	$-11,747	+0.4%

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

Governance

Voting Members

N/A

Independent Members

N/A

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

$126,733

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK LAWS	PRESIDENT	0.00	Officer	$0	$31,878	$126,733

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	$-255	$15,870	No data	$-16,125
2023	$51,454	$63,201	$279,672	$-11,747
2022	$47,781	$65,658	$287,591	$-17,877
2022	$47,781	$38,646	$287,591	$9,135
2021	$41,216	$38,291	$290,564	$2,925
2020	$43,463	$36,417	$278,602	$7,046
2019	$37,798	$36,011	$274,200	$1,787
2018	$31,875	$39,711	$273,231	$-7,836