South Georgia North Florida Plantation Insurance Group Inc (EIN 586260121) - 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

1991

Legal Domicile

Phone

2292262001

Tax Period

2023-06-01 to 2024-05-31

South Georgia North Florida Plantation Insurance Group Inc, founded in 1991, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

To accept contributions from the South Georgia/North Florida Plantation Insurance Group Members and to use such contributions to provide medical benefits to the members employees and their dependents.The plan is fully insured through Blue Cross/Blue Shield of Georgia.

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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 $1,117,143

Investment Income $23,150

Other Revenue $0

TOTAL REVENUE $1,140,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,552

Fundraising Expenses $0

Program Expenses $1,066,391

Other Expenses $34,105

TOTAL EXPENSES $1,116,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,140,293	$1,251,219	-0.1%
Expenses	$1,116,048	$1,239,764	-0.1%
Net Income	$24,245	$11,455	+1.1%

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

Total Directors

$14,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tonya McCorkle	Vice Chair	10.00	Director	$14,400	$0	$14,400
W Gates Kirkham	Director	0.50	Director	$0	$0	$0
Whitney White	Director	0.50	Director	$0	$0	$0
Warren Bicknell III	Plan Admin	0.50	Director	$0	$0	$0
Thompson Rankin	Director	0.50	Director	$0	$0	$0
Chris Chubb	Director	0.50	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
2025	No data	No data	No data	No data
2024	$1,140,293	$1,116,048	$1,021,927	$24,245
2023	$1,251,219	$1,239,764	$888,664	$11,455
2022	$1,246,114	$1,080,503	$879,342	$165,611
2021	$1,140,694	$1,103,350	$795,456	$37,344
2020	$1,204,779	$1,264,728	$618,094	$-59,949
2019	$1,095,836	$990,918	$668,560	$104,918

South Georgia North Florida Plantation Insurance Group Inc