MUTUAL PROTECTIVE ASSOCIATION OF WV (EIN 550241070) - 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

1911

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MUTUAL PROTECTIVE ASSOCIATION OF WV, founded in 1911, is a small nonprofit that reported $484K in total revenue in fiscal year 2023. The organization ran a surplus of $194K, a strong 40% operating margin.

Mission

PROVIDE PROPERTY AND CASUALTY INSURANCE TO MEMBERS

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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 $384,637

Investment Income $97,856

Other Revenue $1,338

TOTAL REVENUE $483,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,926

Fundraising Expenses $0

Program Expenses $290,102

Other Expenses $186,176

TOTAL EXPENSES $290,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$483,831	$494,354	0.0%
Expenses	$290,102	$311,292	-0.1%
Net Income	$193,729	$183,062	+0.1%

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

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

$55,614

Total Directors

$66,614

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ART MEADOWS	SECRETARYTREASURER	20.00	Officer Director	$48,114	$0	$48,114
DONNA ALEXANDER	DIRECTOR	0.50	Director	$4,000	$0	$4,000
KEITH E POTTER	DIRECTOR	0.50	Director	$4,000	$0	$4,000
DONALD J BAKER Jr	PRESIDENT	4.00	Officer Director	$4,000	$0	$4,000
JAMES M COOKMAN	VICE-PRESIDENT	0.50	Officer Director	$3,500	$0	$3,500
CARA MITCHELL	DIRECTOR	0.50	Director	$3,000	$0	$3,000

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$483,831	$290,102	$2,984,230	$193,729
2022	$494,354	$311,292	$2,733,663	$183,062
2021	$477,980	$462,710	$2,778,923	$15,270
2020	$502,252	$343,991	$2,727,998	$158,261
2019	$448,116	$404,292	$2,420,195	$43,824

MUTUAL PROTECTIVE ASSOCIATION OF WV