SOUTH CAROLINA COMMERCIAL AUTOMOBILE INSURANCE PLAN (EIN 581706135) - 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

1986

Legal Domicile

Phone

4019462310

Tax Period

2023-09-01 to 2024-08-31

SOUTH CAROLINA COMMERCIAL AUTOMOBILE INSURANCE PLAN, founded in 1986, is a micro nonprofit that reported $70K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $112K exceeded revenue, resulting in a 61% operating deficit.

Mission

Placement of automobile insurance for those who hold commercial vehicles and are unable to get coverage in the voluntary market.

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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 $63,863

Investment Income $5,032

Other Revenue $650

TOTAL REVENUE $69,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,723

Fundraising Expenses $0

Other Expenses $78,945

TOTAL EXPENSES $111,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,545	$47,256	+0.5%
Expenses	$111,668	$54,153	+1.1%
Net Income	$-42,123	$-6,897	+5.1%

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

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
N/A	Gov Comm Member	0.10	Director	$0	$0	$0
N/A	Gov Comm Member	0.10	Director	$0	$0	$0
N/A	Gov Comm Member	0.10	Director	$0	$0	$0
Tom EllisPIA of SC	Gov Comm Member	0.10	Director	$0	$0	$0
Tommy BoggsHub Int'l	Gov Comm Member	0.10	Director	$0	$0	$0
N/A	Gov Comm Member	0.10	Director	$0	$0	$0
N/A	Gov Comm Member	0.10	Director	$0	$0	$0
N/A	Gov Comm Member	0.10	Director	$0	$0	$0
N/A	Gov Comm Member	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	$69,545	$111,668	$132,367	$-42,123
2023	$47,256	$54,153	$126,666	$-6,897
2022	$46,722	$31,536	$217,266	$15,186
2021	$45,371	$39,349	$257,424	$6,022
2020	$496,011	$287,891	$221,041	$208,120
2019	$560,535	$276,694	$740,293	$283,841
2018	$478,705	$1,183,030	$828,567	$-704,325

SOUTH CAROLINA COMMERCIAL AUTOMOBILE INSURANCE PLAN