NGAUS INSURANCE TRUST (EIN 526188375) - 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

1977

Legal Domicile

Principal Officer

FRANCIS M MCGINN

Phone

2027890031

Tax Period

2023-01-01 to 2023-12-31

NGAUS INSURANCE TRUST, founded in 1977, is a small nonprofit that reported $608K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $583K left a modest 4% surplus.

Mission

TO PROVIDE GROUP LIFE, HEALTH, DISABILITY, AND TRICARE SUPPLEMENTAL INSURANCE FOR MEMBERS OF THE NATIONAL GUARD ASSOC, MEMBERS OF THE ENLISTED ASSOCIATION OF THE UNITED STATES, TECHNICIANS, ON DUTY GUARDSMEN AND THEIR DEPENDENTS.

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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 $0

Program Service Revenue $0

Investment Income $23,352

Other Revenue $584,665

TOTAL REVENUE $608,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,400

Fundraising Expenses $0

Other Expenses $366,197

TOTAL EXPENSES $582,597

Year-over-Year Comparison

	2023	2022	Change
Revenue	$608,017	$1,598,822	-0.6%
Expenses	$582,597	$1,598,575	-0.6%
Net Income	$25,420	$247	+101.9%

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

$492,018

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAJ GEN JIMMIE COLE	VICE CHAIR (AIR)	0.15	Officer Director	$0	$0	$0
MAJ GEN ONDRA BERRY	VICE CHAIR (ARMY)	0.15	Officer Director	$0	$0	$0
MAJ GEN JANSON DURR BOYLES	CHAIRMAN	0.15	Officer Director	$0	$0	$0
MAJ GEN MICHAEL MCGUIRE	PAST CHAIRMAN	0.15	Officer Director	$0	$0	$0
BRIG GEN KENNETH ROSS RET	TREASURER	0.15	Officer Director	$0	$0	$0
MAJ GEN JOANNE SHERIDAN RET	SECRETARY	0.15	Officer Director	$0	$0	$0
MAJ GEN JAMES HOYER RET	CHAIRMAN, FINANCE COMMITTE	0.15	Director	$0	$0	$0
LT COL PETER RENAGHAN	TRUSTEE	0.15	Director	$0	$0	$0
MSG DANIEL REILLY	TRUSTEE	0.15	Director	$0	$0	$0
MAJ GEN DARYL BOHAC	TRUSTEE	0.15	Director	$0	$0	$0
COL DON DEERING RET	TRUSTEE	0.15	Director	$0	$0	$0
COL DENNIS HUNSICKER	TRUSTEE	0.15	Director	$0	$0	$0
CPT RASHEEDA BILAL	TRUSTEE	0.15	Director	$0	$0	$0
RET BRIG GEN JESSIE R ROBINSON	TRUST ADMINISTRATOR	4.00	Officer	$46,412	$27,900	$492,018
LUKE GUTHRIE	DIRECTOR OF NGEF AND NGIT	16.00	Highest	$94,759	$22,318	$259,216
CHERYL YOUNG	DIRECTOR OF FINANCE AND HR	4.00	Highest	$17,581	$18,333	$194,141

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	$608,017	$582,597	$1,471,909	$25,420
2022	$1,598,822	$1,598,575	$2,443,697	$247
2021	$1,832,041	$1,863,929	$2,546,239	$-31,888
2020	$1,919,456	$1,941,358	$2,630,295	$-21,902
2019	$658,077	$752,002	$1,399,934	$-93,925
2018	$1,828,440	$2,330,852	$2,579,480	$-502,412

NGAUS INSURANCE TRUST