STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST (EIN 476709961) - 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

2015

Legal Domicile

Principal Officer

STACY PUCKETT

Phone

8048194727

Tax Period

2024-01-01 to 2024-12-31

STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST, founded in 2015, is a community nonprofit in the Mutual Benefit sector that reported $5.0M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring.

Mission

VEBA TRUST FOR THE VIRGINIA BANKERS ASSOCIATION GROUP WELFARE BENEFIT PLANS

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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 $5,019,986

Investment Income $3,435

Other Revenue $0

TOTAL REVENUE $5,023,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,041

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $5,023,027

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,023,421	$7,367,000	-0.3%
Expenses	$5,023,027	$7,365,079	-0.3%
Net Income	$394	$1,921	-0.8%

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
JOHN R CALDWELL	CHAIRMAN	1.00	Director	$0	$0	$0
THOMAS F CHERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY C ELSWICK	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF CULVER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE R AUSTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
W MARK NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES HENDRICKS JR	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH T BEALE	BOARD MEMBER	1.00	Director	$0	$0	$0
MELODY D EMSWILER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDON LOREY	BOARD MEMBER	1.00	Director	$0	$0	$0
C TAYLOR QUICKE	BOARD MEMBER	1.00	Director	$0	$0	$0
LARA E RAMSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
N/A	TRUSTEE	1.00		$3,041	$0	$3,041

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	$5,023,421	$5,023,027	$41,185	$394
2023	$7,367,000	$7,365,079	$40,812	$1,921
2022	$7,062,495	$7,047,422	$39,082	$15,073
2021	$8,112,417	$8,096,998	$24,398	$15,419
2020	$7,690,654	$7,692,279	$8,458	$-1,625
2019	$7,186,740	$7,187,223	$21,548	$-483

STATE BANKERS ASSOCIATION GROUP INSURANCE TRUST