WORKERS' COMPENSATION INSTITUTE INC (EIN 592846608) - 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

1987

Legal Domicile

Principal Officer

JAMES N MCCONNAUGHHAY

Phone

8504258156

Tax Period

2022-01-01 to 2022-10-31

WORKERS' COMPENSATION INSTITUTE INC, founded in 1987, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2022. Expenses of $1.8M left a modest 11% surplus.

Mission

EDUCATION SEMINARS ON WORKERS COMPENSATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,889,204

Investment Income $73

Other Revenue $151,028

TOTAL REVENUE $2,040,305

Expense Breakdown

Grants Paid $29,818

Salaries & Benefits $52,930

Fundraising Expenses $0

Program Expenses $1,749,026

Other Expenses $1,731,860

TOTAL EXPENSES $1,814,608

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,040,305	$2,019,899	+0.0%
Expenses	$1,814,608	$1,036,417	+0.8%
Net Income	$225,697	$983,482	-0.8%

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

$49,162

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R STEPHEN COONROD	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL T JAFFE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW SABOLIC	EXECUTIVE DIRECTOR	40.00	Director	$49,162	$0	$49,162
JAMES N MCCONNAUGHHAY	PRESIDENT	20.00	Officer	$0	$0	$0
STEVEN A RISSMAN	VICE PRESIDENT	10.00	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
2022	$2,040,305	$1,814,608	$907,132	$225,697
2021	$2,019,899	$1,036,417	$385,077	$983,482
2020	$62,539	$833,721	$309,188	$-771,182
2019	$2,048,413	$2,218,249	$385,210	$-169,836
2018	$2,162,856	$2,010,141	$515,806	$152,715

WORKERS' COMPENSATION INSTITUTE INC