ASSOCIATION FOR RESPONSIBLE ALTERNATIVES TO WORKERS' COMPENSATION INC (EIN 464366015) - 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

2014

Legal Domicile

Principal Officer

TIM OSMOND

Phone

7818768816

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION FOR RESPONSIBLE ALTERNATIVES TO WORKERS' COMPENSATION INC, founded in 2014, is a small nonprofit in the Employment sector that reported $451K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PROTECTING AND PROMOTING THE TEXAS INJURY BENEFIT PROGRAM AND ITS DISTINCT, PROVEN ADVANTAGES.

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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 $84,000

Program Service Revenue $366,675

Investment Income $0

Other Revenue $0

TOTAL REVENUE $450,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $448,971

TOTAL EXPENSES $448,971

Year-over-Year Comparison

	2023	2022	Change
Revenue	$450,675	$399,500	+0.1%
Expenses	$448,971	$385,911	+0.2%
Net Income	$1,704	$13,589	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM OSMOND	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL BRADFORD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER HURLESS	SECRETARY	1.00	Officer Director	$0	$0	$0
DAN BOISVERT	DIRECTOR	1.00	Director	$0	$0	$0
SAM DECORDOVA	DIRECTOR	1.00	Director	$0	$0	$0
MILEIA KNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
TIA SCHWEIKERT	DIRECTOR	1.00	Director	$0	$0	$0
KRIS HAMMOCK	DIRECTOR	1.00	Director	$0	$0	$0
BOB DRING	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MANDEL	TREASURER	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	No data	No data	No data	No data
2023	$450,675	$448,971	$310,290	$1,704
2022	$399,500	$385,911	$291,093	$13,589
2021	$434,500	$403,191	$368,493	$31,309
2020	$412,701	$446,176	$394,593	$-33,475
2019	$487,500	$440,839	$220,212	$46,661
2018	$485,500	$425,436	$277,177	$60,064

ASSOCIATION FOR RESPONSIBLE ALTERNATIVES TO WORKERS' COMPENSATION INC