MACHINERY INSURANCE INC AN ASSESSA… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

FITZHUGH K POWELL JR

Phone

9043533181

Tax Period

2024-01-01 to 2024-12-31

MACHINERY INSURANCE INC AN ASSESSABLE MUTUAL INSURER, founded in 1988, is a small nonprofit that reported $307K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $86K, a strong 28% operating margin.

Mission

PROVIDING SURETY BONDS FOR ITS PRINCIPALS OBLIGATING THE COMPANY TOINDEMNIFY THIRD PARTIES SHOULD THE PRINCIPAL FAIL TO PERFORM ASPROMISED.

Program Service Accomplishments

Program 1

Expenses: $220,997 Revenue: $164,510

SURETY BONDS FOR PRINCIPALS OBLIGATING THE COMPANY TOINDEMNIFY THIRD PARTIES SHOULD THE PRINCIPAL FAIL TOPERFORM AS PROMISED.

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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 $164,510

Investment Income $142,970

Other Revenue $0

TOTAL REVENUE $307,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,000

Fundraising Expenses $0

Program Expenses $220,997

Other Expenses $199,997

TOTAL EXPENSES $220,997

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,480	$238,803	+0.3%
Expenses	$220,997	$131,629	+0.7%
Net Income	$86,483	$107,174	-0.2%

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

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

$15,000

Total Directors

$21,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FITZHUGH K POWELL JR	PRESIDENT / TREASURER	2.00	Officer Director	$5,000	$0	$5,000
BENJAMIN K POWELL	VICE PRESIDENT	2.00	Officer Director	$5,000	$0	$5,000
JOHN W KIRKLAND	BOARD MEMBER	2.00	Director	$3,000	$0	$3,000
SETH L ROTHSTEIN	BOARD MEMBER	2.00	Director	$3,000	$0	$3,000
STEPHEN T CUMELLA	SECRETARY & CHAIRMAN	2.00	Officer Director	$5,000	$0	$5,000

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	$307,480	$220,997	$4,845,232	$86,483
2023	$238,803	$131,629	$4,569,655	$107,174
2022	$334,723	$155,266	$4,344,315	$179,457
2021	$479,751	$219,999	$4,586,049	$259,752
2020	$563,011	$324,500	$4,121,158	$238,511
2019	$472,156	$286,063	$4,177,454	$186,093
2018	$490,709	$219,074	$3,535,227	$271,635

MACHINERY INSURANCE INC AN ASSESSABLE MUTUAL INSURER