THE SURPLUS LINES ASSOCIATION OF NORTH CAROLINA (EIN 581712305) - 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

1985

Legal Domicile

Principal Officer

STEVE ALLEN

Phone

9197468415

Tax Period

2024-01-01 to 2024-12-31

THE SURPLUS LINES ASSOCIATION OF NORTH CAROLINA, founded in 1985, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2024. The organization ran a surplus of $4.9M, a strong 77% operating margin.

Mission

TO SERVE AS A REGULATORY SUPPORT ORGANIZATION FOR ALL NORTH CAROLINA SURPLUS LINES LICENSEES AND THE NORTH CAROLINA DEPARTMENT OF INSURANCE.

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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 $5,781,838

Investment Income $555,593

Other Revenue $1,015

TOTAL REVENUE $6,338,446

Expense Breakdown

Grants Paid $427,249

Salaries & Benefits $638,763

Fundraising Expenses $0

Other Expenses $414,722

TOTAL EXPENSES $1,480,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,338,446	$6,531,410	0.0%
Expenses	$1,480,734	$1,578,690	-0.1%
Net Income	$4,857,712	$4,952,720	0.0%

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

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

$404,228

Total Directors

$215,688

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BANKS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANELLA NIEWENHOUS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KARLA WILLARD	SECRETARY	1.00	Officer Director	$0	$0	$0
ANTONY GAWLIK	TREASURER	1.00	Officer Director	$0	$0	$0
BILL RECTOR	DIRECTOR	1.00	Director	$0	$0	$0
GREG WATSON	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF ALLEN	COO, DIRECTOR	40.00	Officer Director	$200,000	$15,688	$215,688
STEVE ALLEN	EXECUTIVE DIRECTOR	40.00	Officer	$180,200	$8,340	$188,540
REBECA FREEMAN	IMMEDIATE PAST PRESIDENT	1.00	Officer	$0	$0	$0
GEOFF CRATER	TREASURER (1/1-3/21)	1.00	Officer	$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	$6,338,446	$1,480,734	$29,209,077	$4,857,712
2023	$6,531,410	$1,578,690	$23,692,071	$4,952,720
2022	$6,548,544	$1,217,611	$18,118,548	$5,330,933
2021	$5,323,982	$2,638,545	$12,949,553	$2,685,437
2020	$4,186,486	$2,557,005	$10,364,137	$1,629,481
2019	$3,935,838	$2,605,630	$8,745,779	$1,330,208
2018	$3,345,674	$1,082,926	$7,374,980	$2,262,748

THE SURPLUS LINES ASSOCIATION OF NORTH CAROLINA