VADA Insurance Company

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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

Tax Period

2020-03-01 to 2021-02-28

VADA Insurance Company, founded in 2014, is a micro nonprofit that reported $223K in total revenue in fiscal year 2020. Revenue fell 105% from the prior year — a significant decline worth monitoring.

Mission

The Insurance Company is organized and operated for the purpose of writing insurance and/or reinsurance as a captive insurance company pursuant to Title 8, Vermont Statutes Annotated, Chapter 141, Captive Insurance Companies for its sole member and the beneficiaries thereof.

Program Service Accomplishments

Program 1

The Insurance Company provides reinsurance for the Medical Benefits Trust which provides medical and other benefits to eligible employees (and their eligible dependents) of participating employers...

The Insurance Company provides reinsurance for the Medical Benefits Trust which provides medical and other benefits to eligible employees (and their eligible dependents) of participating employers, who are dealer members of the Vermont Automobile Dealers' Association, Inc.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-222,911

Other Revenue $0

TOTAL REVENUE $-222,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $20,506

TOTAL EXPENSES $22,193

Year-over-Year Comparison

	2020	2019	Change
Revenue	$-222,911	$4,507,937	-1.0%
Expenses	$22,193	$5,223,295	-1.0%
Net Income	$-245,104	$-715,358	-0.7%

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

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

$136,749

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marilyn Miller	Vice President	1.00	Officer	$0	$29,326	$136,749
Mitchell Jay	Treasurer	0.50	Officer Director	$0	$0	$0
Daniel Keene	President	0.50	Officer Director	$0	$0	$0
Peter McDougall	Secretary	0.50	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
2021	$-222,911	$22,193	No data	$-245,104