MISSOURI PROPERTY INSURANCE PLACEMENT FACILITY

EIN: 430969898

ST LOUIS, MO

Total Revenue
$2,375,352
Total Expenses
$2,117,868
Total Assets
$2,245,234
Net Assets
$-362,432
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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
1969
Legal Domicile
MO
Principal Officer
KIRK W SCHMIDT
Phone
3144210170
Tax Period
2024-01-01 to 2024-12-31

MISSOURI PROPERTY INSURANCE PLACEMENT FACILITY, founded in 1969, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 11% surplus.

Mission

BY STATUTE, THE FACILITY UNDERWRITES COMMERCIAL AND HABITATIONAL FIRE AND CASUALTY INSURANCE POLICIES FOR THOSE WHO ARE UNABLE TO OBTAIN INSURANCE THROUGH CONVENTIONAL MEANS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,253,499
Investment Income $99,973
Other Revenue $21,880
TOTAL REVENUE $2,375,352

Expense Breakdown

Grants Paid $0
Salaries & Benefits $730,003
Fundraising Expenses $0
Other Expenses $1,387,865
TOTAL EXPENSES $2,117,868

Year-over-Year Comparison

2024 2023 Change
Revenue $2,375,352 $2,011,705 +0.2%
Expenses $2,117,868 $2,784,211 -0.2%
Net Income $257,484 $-772,506 -1.3%
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
13
Independent Members
13
Employees
5
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
1
$190,310
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIRK W SCHMIDT GM AND CONTR 37.50
Officer
$161,280 $29,030 $190,310
SUSAN CLIFT DIRECTOR N/A
Director
$0 $0 $0
BRETT WYATT DIRECTOR N/A
Director
$0 $0 $0
N/A INSTITUTIONA N/A
$0 $0 $0
N/A INSTITUTIONA N/A
$0 $0 $0
N/A INSTITUTIONA N/A
$0 $0 $0
N/A INSTITUTIONA N/A
$0 $0 $0
N/A INSTITUTIONA N/A
$0 $0 $0
N/A INSTITUTIONA N/A
$0 $0 $0
N/A INSTITUTIONA N/A
$0 $0 $0
N/A INSTITUTIONA N/A
$0 $0 $0
N/A INSTITUTIONA N/A
$0 $0 $0
N/A INSTITUTIONA N/A
$0 $0 $0
N/A INSTITUTIONA N/A
$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
2025 No data No data No data No data
2024 $2,375,352 $2,117,868 $2,245,234 $257,484
2023 $2,011,705 $2,784,211 $1,909,704 $-772,506
2022 $1,713,808 $1,746,278 $2,233,185 $-32,470
2021 $1,781,127 $1,536,009 $1,609,390 $245,118
2020 $1,661,998 $1,893,602 $1,406,953 $-231,604
2019 $1,721,577 $1,976,966 $1,280,285 $-255,389
2018 $1,745,435 $2,082,167 $1,312,569 $-336,732
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