HOTEL ASSOCIATION OF WASHINGTON DC INSURANCE FUND (EIN 530189654) - 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

1933

Legal Domicile

Principal Officer

BEVERLY A WRIGHT

Phone

2022896385

Tax Period

2023-01-01 to 2023-12-31

HOTEL ASSOCIATION OF WASHINGTON DC INSURANCE FUND, founded in 1933, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

ESTABLISHED TO PROVIDE GROUP INSURANCE BENEFITS UNDER A HEALTH & WELFARE PLAN REQUIRED BY A UNION CONTRACT BETWEEN MEMBER HOTELS AND THEIR EMPLOYEES.

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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 $1,583,582

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,583,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,891

Fundraising Expenses $0

Other Expenses $1,249,052

TOTAL EXPENSES $1,561,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,583,582	$1,383,708	+0.1%
Expenses	$1,561,943	$1,429,483	+0.1%
Net Income	$21,639	$-45,775	-1.5%

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

N/A

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

$636,679

Total Directors

$412,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL MANION	TRUSTEE	3.00	Director	$0	$0	$0
STEVE SMITH	TRUSTEE	3.00	Director	$0	$0	$0
SOLOMON KEENE	PRESIDENT & CEO	16.00	Officer Director	$0	$26,147	$412,200
BEVERLY WRIGHT	SR VP & CFO	16.00	Officer	$0	$10,449	$224,479

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	$1,583,582	$1,561,943	$1,954,848	$21,639
2022	$1,383,708	$1,429,483	$1,442,805	$-45,775
2021	$845,343	$1,972,918	$762,695	$-1,127,575
2020	$1,485,208	$1,857,513	$1,838,135	$-372,305
2019	$2,195,079	$2,016,073	$2,168,055	$179,006
2018	$2,255,316	$2,001,334	$2,105,977	$253,982

HOTEL ASSOCIATION OF WASHINGTON DC INSURANCE FUND