SOUTHERN ASSN OF WORKERS' COMP ADMIN INC (EIN 541134611) - 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

1980

Legal Domicile

Principal Officer

GARY DAVIS

Phone

8596082383

Tax Period

2024-10-01 to 2025-09-30

SOUTHERN ASSN OF WORKERS' COMP ADMIN INC, founded in 1980, is a small nonprofit in the Mutual Benefit sector that reported $436K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

TO EDUCATE THOSE PERSONS OR ENTITIES WHO ARE INTERESTED IN WORKERS COMPENSATION, AND TO PROVIDE AN AVENUE BY WHICH THOSE INTERESTED IN WORKERS COMPENSATION MAY INTERACT WITH ONE ANOTHER TO SHARE INFORMATION AND ADDRESS COMMON ISSUES.

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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 $64,000

Program Service Revenue $364,314

Investment Income $8,034

Other Revenue $0

TOTAL REVENUE $436,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,891

Fundraising Expenses $0

Program Expenses $402,759

Other Expenses $273,868

TOTAL EXPENSES $438,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$436,348	$598,049	-0.3%
Expenses	$438,759	$528,482	-0.2%
Net Income	$-2,411	$69,567	-1.0%

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

$187,775

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE DOUTHIT	CHAIRMAN & DIRECTOR	1.00	Director	$0	$0	$0
PAUL TAURIELLO	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON STEIN	ADMINISTRATOR & DIRECTOR	1.00	Director	$0	$0	$0
BEN VINSON	CHAIRMAN & DIRECTOR	1.00	Director	$0	$0	$0
MARK FORMBY	PRESIDENT & CHAIRMAN	5.00	Officer Director	$0	$0	$0
MAUREEN QUINN	CHAIRWOMAN & DIRECTOR	1.00	Director	$0	$0	$0
JORDAN RUSSELL	CHAIRMAN & PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
GERALD MULLERY	DEPUTY SECRETARY & DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BECK	CHAIRMAN & DIRECTOR	1.00	Director	$0	$0	$0
RAINIA THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
MOHAMMAD SHEIKH	DEPUTY DIRECTOR	1.00	Director	$0	$0	$0
ALLAN MCVEY	COMMISSIONER & DIRECTOR	1.00	Director	$0	$0	$0
WESLEY MARSHALL	CHAIRMAN & DIRECTOR	5.00	Officer Director	$0	$0	$0
SCOTT WILHOIT	VICE PRESIDENT & CHAIRMAN	5.00	Officer Director	$0	$0	$0
TROY HALEY	SECRETARY/TREASURER & DIRECTOR	1.00	Officer Director	$0	$0	$0
JEFF NELSON	COMMISSIONER & DIRECTOR	1.00	Director	$0	$0	$0
JOHN LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BLACKWOOD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DIPKO	ADMINISTRATOR & DIRECTOR	1.00	Director	$0	$0	$0
GREG JENKINS	INTERIM DIRECTOR	1.00	Director	$0	$0	$0
HEATHER JORDAN	EXECUTIVE COMM AT-LARGE & DIRECTOR	5.00	Officer Director	$0	$0	$0
GARY DAVIS	EXECUTIVE DIRECTOR	20.00	Officer	$187,775	$0	$187,775

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
2025	$436,348	$438,759	$331,123	$-2,411
2024	$598,049	$528,482	$333,534	$69,567
2023	$361,473	$417,376	$263,967	$-55,903
2022	$472,590	$419,108	$319,870	$53,482
2021	$232,434	$190,128	$266,388	$42,306
2020	$220,562	$181,502	$224,082	$39,060
2019	$522,887	$512,544	$185,022	$10,343
2018	$296,018	$351,437	$174,679	$-55,419

SOUTHERN ASSN OF WORKERS' COMP ADMIN INC