RIDGEVIEW INSURANCE COMPANY (EIN 454109041) - 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

MICHAEL PHELPS

Phone

9524422191

Tax Period

2024-01-01 to 2024-12-31

RIDGEVIEW INSURANCE COMPANY, founded in 2011, is a community nonprofit in the Health Care sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 1012% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 49% operating margin.

Mission

THE COMPANY IS ORGANIZED TO BE A PURE CAPTIVE INSURANCE COMPANY.

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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 $6,073,954

Investment Income $1,497,452

Other Revenue $0

TOTAL REVENUE $7,571,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,790,912

Other Expenses $3,898,562

TOTAL EXPENSES $3,898,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,571,406	$680,961	+10.1%
Expenses	$3,898,562	$5,771,648	-0.3%
Net Income	$3,672,844	$-5,090,687	-1.7%

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

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

$2,420,798

Total Directors

$2,420,798

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PHELPS	VICE PRESIDENT	1.00	Officer Director	$0	$93,249	$1,224,841
BRENT WORDELMAN	PRESIDENT	2.00	Officer Director	$0	$46,924	$300,385
KEN BIRRELL	SECRETARY	1.00	Officer Director	$0	$0	$0
AARON BLOOMQUIST	TREASURER	1.00	Officer Director	$0	$72,054	$895,572
TEMPE ROBINS	ASSISTANT SECRETARY	1.00	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	$7,571,406	$3,898,562	$15,445,492	$3,672,844
2023	$680,961	$5,771,648	$12,090,898	$-5,090,687
2022	$6,005,320	$3,831,485	$16,773,903	$2,173,835
2021	$5,649,274	$3,663,818	$15,758,174	$1,985,456
2020	$5,096,674	$2,444,983	$12,812,618	$2,651,691
2019	$4,605,526	$3,131,241	$9,472,229	$1,474,285
2018	$4,033,420	$2,035,898	$8,666,510	$1,997,522

RIDGEVIEW INSURANCE COMPANY