Georgia Insurers Insolvency Pool (EIN 581391591) - 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

1970

Legal Domicile

Principal Officer

Frank Knighton Jr

Phone

7706219835

Tax Period

2024-01-01 to 2024-12-31

Georgia Insurers Insolvency Pool, founded in 1970, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $8.0M exceeded revenue, resulting in a 44% operating deficit.

Mission

The Pool was established to provide certain protections to policyholders of insolvent insurers in accordance with OCGA 33-36-1 ET SQ.

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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 $0

Program Service Revenue $1,604,197

Investment Income $3,940,841

Other Revenue $0

TOTAL REVENUE $5,545,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,967,090

TOTAL EXPENSES $7,997,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,545,038	$6,924,334	-0.2%
Expenses	$7,997,469	$8,621,672	-0.1%
Net Income	$-2,452,431	$-1,697,338	+0.4%

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

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
Jacqueline M Schaendorf	Chairman	0.10	Officer Director	$0	$0	$0
Scott Mcdonough	Vice-Chair	0.10	Officer Director	$0	$0	$0
Gary Willis	Director	0.10	Director	$0	$0	$0
Raymond Waugh	Director	0.10	Director	$0	$0	$0
Cheri Svehla	Director	0.10	Director	$0	$0	$0
Kristen Essig	Director	0.10	Director	$0	$0	$0
Nancy Allen	Director	0.10	Director	$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	$5,545,038	$7,997,469	$142,537,505	$-2,452,431
2023	$6,924,334	$8,621,672	$144,989,936	$-1,697,338
2022	$7,998,701	$7,273,617	$146,687,274	$725,084
2021	$6,621,081	$9,193,301	$145,962,190	$-2,572,220
2020	$9,954,387	$9,562,924	$148,534,410	$391,463
2019	$41,401,466	$13,631,465	$148,142,947	$27,770,001
2018	$17,272,800	$18,521,562	$120,372,946	$-1,248,762

Georgia Insurers Insolvency Pool