AMERICAN ASSOCIATION OF STATE COMPENSATION INSURANCE FUNDS (EIN 510144252) - 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

1975

Legal Domicile

Principal Officer

TERRENCE LEVE

Phone

3018598022

Tax Period

2024-01-01 to 2024-12-31

AMERICAN ASSOCIATION OF STATE COMPENSATION INSURANCE FUNDS, founded in 1975, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $300K, a strong 22% operating margin.

Mission

IMPROVEMENT, REFINEMENT, AND PRESERVATION OF STATE WORKERS COMPENSATION SYSTEMS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,330,350

Investment Income $23,443

Other Revenue $0

TOTAL REVENUE $1,353,793

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,044,159

TOTAL EXPENSES $1,054,159

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,353,793	$1,235,085	+0.1%
Expenses	$1,054,159	$1,180,025	-0.1%
Net Income	$299,634	$55,060	+4.4%

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

108

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
VERN STEINER	PRESIDENT	4.00	Officer Director	$0	$0	$0
JASON CLARK	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRY LEVE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
TERRY MILLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KELLIE MIXON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD FERGUSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTIN WELCH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL BOURQUE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY KULP	EXECUTIVE DIRECTOR	15.00	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	$1,353,793	$1,054,159	$1,229,456	$299,634
2023	$1,235,085	$1,180,025	$905,339	$55,060
2022	$1,170,770	$1,077,588	$962,576	$93,182
2021	$274,731	$450,587	$962,394	$-175,856
2020	$299,969	$437,062	$1,172,234	$-137,093
2019	$1,355,984	$1,229,389	$1,199,046	$126,595
2018	$1,509,261	$1,355,657	$1,149,688	$153,604

AMERICAN ASSOCIATION OF STATE COMPENSATION INSURANCE FUNDS