TENNESSEE CAPTIVE INSURANCE ASSOCIATION INC (EIN 452882002) - 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

2011

Legal Domicile

Principal Officer

JENNIFER MERANDA

Phone

8445837897

Tax Period

2023-01-01 to 2023-12-31

TENNESSEE CAPTIVE INSURANCE ASSOCIATION INC, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $277K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 19% operating margin.

Mission

THE TENNESSEE CAPTIVE INSURANCE ASSOCIATION'S PRIMARY PURPOSE IS TO PROMOTE THE GROWTH OF THE CAPTIVE INSURANCE INDUSTRY IN THE STATE OF TENNESSEE.

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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 $277,430

Investment Income $0

Other Revenue $0

TOTAL REVENUE $277,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $225,666

TOTAL EXPENSES $225,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,430	$199,890	+0.4%
Expenses	$225,666	$192,233	+0.2%
Net Income	$51,764	$7,657	+5.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN DOHERTY	CHAIRMAN/PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
MICHAEL A CORBETT	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
JENNIFER MERANDA	TREASURER/DIRECTOR	2.00	Officer Director	$0	$0	$0
ANDREW RHEA	SECRETARY/DIRECTOR	0.50	Officer Director	$0	$0	$0
MARY CLAIRE GOFF	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINE SCRUGGS	DIRECTOR	0.50	Director	$0	$0	$0
MARY FRANCIS MILLER	DIRECTOR	0.50	Director	$0	$0	$0
MISTI DOOSE	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN EUTENEUER	DIRECTOR	0.50	Director	$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	$277,430	$225,666	$154,868	$51,764
2022	$199,890	$192,233	$103,279	$7,657
2021	$188,850	$174,168	$100,704	$14,682
2020	$88,160	$64,725	$78,019	$23,435
2019	$207,270	$233,924	$53,279	$-26,654
2018	$191,330	$194,858	$87,476	$-3,528

TENNESSEE CAPTIVE INSURANCE ASSOCIATION INC