CONSUMERS CHOICE HEALTH INSURANCE COMPANY IN LIQUIDATION

EIN: 453124969

SCOTTSDALE, AZ

Total Revenue
$345,921
Total Expenses
$167,688
Total Assets
N/A
Net Assets
$-451,878
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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
SC
Principal Officer
MICHAEL J FITZGIBBONS
Phone
4809484351
Tax Period
2023-01-01 to 2023-02-28

CONSUMERS CHOICE HEALTH INSURANCE COMPANY IN LIQUIDATION, founded in 2011, is a small nonprofit that reported $346K in total revenue in fiscal year 2022. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $178K, a strong 52% operating margin.

Mission

HAS PROVIDED HEALTHCARE BENEFITS TO ITS MEMBERS. THE ENTITY OFFICIALLY LIQUIDATED FEBRUARY 28, 2023.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $345,921
Other Revenue $0
TOTAL REVENUE $345,921

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $167,688
TOTAL EXPENSES $167,688

Year-over-Year Comparison

2022 2021 Change
Revenue $345,921 $786,719 -0.6%
Expenses $167,688 $372,821 -0.6%
Net Income $178,233 $413,898 -0.6%
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
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike FitzGibbons Special Deputy Receiver 5.0
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
2023 $345,921 $167,688 No data $178,233
2022 $786,719 $372,821 $54,998,486 $413,898
2021 $25,060 $-1,050,127 $55,472,389 $1,075,187
2020 $23,244 $6,928,539 $59,963,486 $-6,905,295
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