ASSOCIATION OF INSURANCE & REINS RUN-OFF COS INC (EIN 412161294) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

CAROLYN FAHEY

Phone

7037302808

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION OF INSURANCE & REINS RUN-OFF COS INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $357K in total revenue in fiscal year 2023.

Mission

AIRROC'S MISSION IS TO PROMOTE AND REPRESENT THE INTERESTS OF ENTITIES WITH LEGACY BUSINESS BY IMPROVING INDUSTRY STANDARDS AND ENHANCING KNOWLEDGE AND COMMUNICATIONS WITHIN AND OUTSIDE OF THE (RE)INSURANCE INDUSTRY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $369,332

Program Service Revenue $2,300

Investment Income $23,644

Other Revenue $-38,143

TOTAL REVENUE $357,133

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $195,639

Fundraising Expenses $0

Program Expenses $244,032

Other Expenses $153,067

TOTAL EXPENSES $353,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,133	$347,977	+0.0%
Expenses	$353,706	$336,978	+0.0%
Net Income	$3,427	$10,999	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN FAHEY	EXECUTIVE DI	10.00	Highest	$182,500	$0	$182,500
WILLIAM GOLDSMITH	DIRECTOR & C	1.00	Officer	$0	$0	$0
TOM MENDRALLA	DIR & CO-VIC	2.00	Officer	$0	$0	$0
BETSY MITCHELL	DIRECTOR & C	2.00	Officer	$0	$0	$0
MARIANNE PETILLO	DIRECTOR & T	2.00	Director	$0	$0	$0
DAWN BALLIN	DIRECTOR	1.00	Director	$0	$0	$0
JUDY HARNADEK	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD HOCHBERG	DIRECTOR	1.00	Director	$0	$0	$0
BRENDAN MCQUIGGAN	DIRECTOR	1.00	Director	$0	$0	$0
SALLY REDD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS REICHOW	DIRECTOR	1.00	Director	$0	$0	$0
STEWART RICHMOND	DIRECTOR	1.00	Director	$0	$0	$0
LEAH SPIVEY	DIRECTOR	1.00	Director	$0	$0	$0
BILL TEICH	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TERELMES	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN ALDRIDGE	GENERAL COUN	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	$357,133	$353,706	$607,901	$3,427
2022	$347,977	$336,978	$563,574	$10,999
2021	$334,661	$297,090	$569,950	$37,571
2020	$306,256	$282,427	$548,265	$23,829
2019	$307,436	$304,913	$501,798	$2,523
2018	$282,407	$292,242	$509,699	$-9,835

ASSOCIATION OF INSURANCE & REINS RUN-OFF COS INC