Third Coast Reinsurance LLC (EIN 473260067) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

GRADY BRAME

Phone

9858982022

Tax Period

2023-01-01 to 2023-12-31

Third Coast Reinsurance LLC, founded in 2014, is a small nonprofit that reported $137K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $64K, a strong 47% operating margin.

Mission

TO PROVIDE AN OPTIMAL APPROACH TO SHIFTING AWAY FROM COMMERCIALLY PURCHASED COVERAGE UNTIL OVER TIME, THE CAPTIVE CAN PROVIDE A GREATER RESOURCE FOR PROPERTY COVERAGE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $131,382

Investment Income $5,153

Other Revenue $0

TOTAL REVENUE $136,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $72,224

TOTAL EXPENSES $72,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,535	$431,222	-0.7%
Expenses	$72,224	$3,490	+19.7%
Net Income	$64,311	$427,732	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MARTY MAYER	PRESIDENT	1.0	Officer Director	$0	$0	$0
GRADY BRAME	TREASURER	1.0	Officer Director	$0	$0	$0
PATRICK MALIK	SECRETARY	1.0	Officer Director	$0	$0	$0
JARED LAUDERDALE	BOARD MEMBER	1.0	Director	$0	$0	$0
MICHAEL LEBOVITZ	BOARD MEMBER	1.0	Director	$0	$0	$0
JIMMY MAURIN	BOARD MEMBER	1.0	Director	$0	$0	$0
TRENT SANDAHL	BOARD MEMBER	1.0	Director	$0	$0	$0
STEPHEN SONGY	BOARD MEMBER	1.0	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	$136,535	$72,224	No data	$64,311
2022	$431,222	$3,490	$2,415,208	$427,732
2021	$374,183	$742,376	$2,634,917	$-368,193
2020	No data	No data	$2,383,365	No data

Third Coast Reinsurance LLC