NATIONAL CROP INSURANCE SERVICES I… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

THOMAS P ZACHARIAS

Phone

9136852767

Tax Period

2023-01-01 to 2023-12-31

NATIONAL CROP INSURANCE SERVICES INC, founded in 1989, is a mid-sized nonprofit that reported $12.8M in total revenue in fiscal year 2023.

Mission

NCIS IS A NON-PROFIT CORPORATION ESTABLISHED TO DELIVER INFORMATION SERVICES AND PRODUCTS TO MEMBER COMPANIES IN ORDER TO PROVIDE RISK MANAGEMENT TO THOSE WHO GROW CROPS OR ARE EXPOSED TO WEATHER PERILS. THESE SERVICES INCLUDE ACCUMULATING, TABULATING, AND ANALYZING RELEVANT STATISTICS.

Program Service Accomplishments

Program 1

COLLECTION AND PROCESSING OF STATISTICS FROM 14 MEMBER GROUPS WRITING CROP-HAIL INSURANCE IN 50 STATES AND MPCI INSURANCE.

Program 2

LOSS COST ANALYSES: FILING AND PUBLICATION OF LOSS COST AND INSURANCE FORMS IN 50 STATES. FILED REVISED CROP-HAIL LOSS COSTS WITH STATE INSURANCE DEPARTMENTS IN 2023 TO BE EFFECTIVE IN 2024.

Program 3

CROP INSURANCE RESEARCH AND LOSS ADJUSTMENT PROCEDURE EVALUATION; 20 CROP INSURANCE RESEARCH PROJECTS IN 12 LOCATIONS. EIGHTEEN REGIONAL/STATE COMMITTEES. ADJUSTER TRAINING; CROP INSURANCE WORKSHOPS...

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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 $376,700

Program Service Revenue $11,986,314

Investment Income $312,832

Other Revenue $87,713

TOTAL REVENUE $12,763,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,966,210

Fundraising Expenses $0

Other Expenses $4,568,550

TOTAL EXPENSES $12,534,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,763,559	$12,641,887	+0.0%
Expenses	$12,534,760	$11,844,254	+0.1%
Net Income	$228,799	$797,633	-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

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

$839,931

Total Directors

$485,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS ZACHARIAS	PRESIDENT	40.00	Officer Director	$432,855	$52,978	$485,833
KENDALL JONES	CHAIRMAN	12.00	Officer Director	$0	$0	$0
SCOTT ARNOLD	VICE CHAIRMAN	8.00	Officer Director	$0	$0	$0
ANDY CARUSO	DIRECTOR	8.00	Director	$0	$0	$0
BOB HANEY	DIRECTOR	8.00	Director	$0	$0	$0
JIM KORIN	DIRECTOR	8.00	Director	$0	$0	$0
BRAD LEIGHTON	DIRECTOR	8.00	Director	$0	$0	$0
JASON MEADOR	DIRECTOR	8.00	Director	$0	$0	$0
MARK MOSSMAN	DIRECTOR	8.00	Director	$0	$0	$0
DALE PERRY	DIRECTOR	8.00	Director	$0	$0	$0
JORDAN ROACH	DIRECTOR	8.00	Director	$0	$0	$0
RON RUTLEDGE	DIRECTOR	8.00	Director	$0	$0	$0
SHANNON RUTLEDGE	DIRECTOR	8.00	Director	$0	$0	$0
BRIAN YOUNG	DIRECTOR	8.00	Director	$0	$0	$0
SHERRI SCHARFF	EXECUTIVE VP OF MEMBER SERVICES & CHIEF OF STAFF	40.00	Officer	$320,718	$33,380	$354,098
JAY SOUTH	CHIEF ACTUARY	40.00	Highest	$300,594	$34,916	$335,510
TROY BRADY	SR. VP PROCEDURES & POLICY ANALYSIS	40.00	Highest	$220,556	$40,278	$260,834
SCOTT OGILVIE	IT DIRECTOR	40.00	Highest	$203,995	$39,218	$243,213
THERESE STOM	VP CROP HAIL ACTUARIAL & STATISTICAL ANALYSIS	40.00	Highest	$194,194	$38,408	$232,602
KENNETH DEAN STRASSER	SR. VP PROGRAM ANALYSIS, RESEARCH & REGIONAL SERVI	40.00	Highest	$214,892	$25,860	$240,752

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	$12,763,559	$12,534,760	$18,256,000	$228,799
2022	$12,641,887	$11,844,254	$16,678,422	$797,633
2021	$11,753,443	$10,979,901	$14,876,300	$773,542
2020	$13,148,201	$11,485,368	$13,137,950	$1,662,833
2019	$12,845,597	$12,263,754	$11,199,284	$581,843
2018	$12,667,115	$12,459,242	$9,848,417	$207,873

NATIONAL CROP INSURANCE SERVICES INC