Fiat Lux Risk and Insurance Company

EIN: 461828839 501(c)(3) Mutual Benefit

Washington, DC

Total Revenue
$842,304,486
Total Expenses
$705,421,567
Total Assets
$2,565,268,796
Net Assets
$870,778,485
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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
2012
Legal Domicile
DC
Phone
5109879289
Tax Period
2024-07-01 to 2025-06-30

Fiat Lux Risk and Insurance Company, founded in 2012, is a major nonprofit in the Mutual Benefit sector that reported $842.3M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $136.9M, a strong 16% operating margin.

Mission

The purpose of Fiat Lux is to finance the University of California's self insured retentions, to purchase reinsurance directly, and to issue to the university of California's certain bespoke insurance policies.

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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 $795,623,311
Investment Income $46,681,175
Other Revenue $0
TOTAL REVENUE $842,304,486

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $704,033,830
Other Expenses $705,421,567
TOTAL EXPENSES $705,421,567

Year-over-Year Comparison

2024 2023 Change
Revenue $842,304,486 $621,291,221 +0.4%
Expenses $705,421,567 $642,776,906 +0.1%
Net Income $136,882,919 $-21,485,685 -7.4%
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
8
Independent Members
2
Employees
N/A
Volunteers
2

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
4
$1,833,775
Total Directors
8
$4,045,273
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN A CONFETTI Director/President 4.0
Officer Director
$0 $74,760 $415,183
NATHAN BROSTROM Director/Chair/CFO 3.0
Officer Director
$0 $104,614 $694,588
NORMAN L HAMILL Director/SECRETARY 2.0
Officer Director
$0 $64,820 $374,881
Michael Beck Director 4.0
Director
$0 $113,311 $601,614
MICHAEL DRAKE DIRECTOR 1.0
Director
$0 $71,399 $1,340,658
Peter Taylor Director 1.0
Director
$0 $0 $0
RACHAEL NAVA Director 4.0
Director
$0 $110,151 $618,349
RON CORTEZ Director 1.0
Director
$0 $0 $0
CHRIS C HARRINGTON ASST. SECRETARY 2.0
Officer
$0 $48,266 $349,123
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 $842,304,486 $705,421,567 $2,565,268,796 $136,882,919
2024 $621,291,221 $642,776,906 $2,017,964,465 $-21,485,685
2023 $538,359,834 $386,766,449 $1,796,549,488 $151,593,385
2022 $917,692,875 $887,029,207 $2,175,669,791 $30,663,668
2021 $443,747,119 $352,589,201 $1,939,824,017 $91,157,918
2020 $440,203,686 $407,127,291 $1,447,182,654 $33,076,395
2019 $300,568,597 $259,253,879 $1,209,049,946 $41,314,718
2018 $250,090,404 $283,860,880 $1,089,219,812 $-33,770,476
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