FLORIDA SELF-INSURERS GUARANTY ASSOCIATION INC (EIN 592225004) - 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

1982

Legal Domicile

Principal Officer

BRIAN GEE

Phone

8502221882

Tax Period

2024-01-01 to 2024-12-31

FLORIDA SELF-INSURERS GUARANTY ASSOCIATION INC, founded in 1982, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 65% operating margin.

Mission

TO PROVIDE FUNDS FOR THE SETTLEMENT OF COVERED WORKERS' COMPENSATION CLAIMS OF INDIVIDUAL INSOLVENT SELF-INSURERS OTHER THAN PUBLIC UTILITIES OR GOVERNMENTAL ENTITIES.

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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 $116,039

Program Service Revenue $207,940

Investment Income $3,864,301

Other Revenue $0

TOTAL REVENUE $4,188,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $986,080

Fundraising Expenses $0

Other Expenses $476,611

TOTAL EXPENSES $1,462,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,188,280	$2,682,265	+0.6%
Expenses	$1,462,691	$1,210,024	+0.2%
Net Income	$2,725,589	$1,472,241	+0.9%

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

$355,617

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN BENDER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES A BOWDEN	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES E BAILES IV	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE WINTERLING	SECRETARY	1.00	Officer Director	$0	$0	$0
CLAUDE D REVELS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK RESLER	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS CAMP	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN GEE	EXECUTIVE DIRECTOR	40.00	Officer	$263,843	$91,774	$355,617
RENN R VICKERS	ASST EXEC DIRECTOR/OPERATI	40.00	Highest	$155,201	$29,720	$184,921

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	$4,188,280	$1,462,691	$78,813,006	$2,725,589
2023	$2,682,265	$1,210,024	$78,521,934	$1,472,241
2022	$2,380,710	$1,186,398	$81,215,921	$1,194,312
2021	$3,130,122	$1,197,981	$88,656,189	$1,932,141
2020	$2,873,841	$1,421,197	$89,243,322	$1,452,644
2019	$5,546,578	$3,561,782	$79,163,772	$1,984,796
2018	$4,310,167	$1,379,924	$74,471,999	$2,930,243

FLORIDA SELF-INSURERS GUARANTY ASSOCIATION INC