Service Contract Industry Council (EIN 593190625) - 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

1993

Legal Domicile

Principal Officer

Tom Keepers

Phone

5184638644

Tax Period

2023-01-01 to 2023-12-31

Service Contract Industry Council, founded in 1993, is a small nonprofit that reported $998K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

Monitors state legislative and regulatory activities, contributes to relevant legislative and administrative proceedings, and educates businesses and consumers about the value and benefits of service contracts.

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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 $998,222

Investment Income $0

Other Revenue $0

TOTAL REVENUE $998,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,239,955

TOTAL EXPENSES $1,239,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$998,222	$816,120	+0.2%
Expenses	$1,239,955	$878,791	+0.4%
Net Income	$-241,733	$-62,671	+2.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Keepers	Executive Director	2.00	Officer	$0	$0	$0
Benjamin Cohen	President	0.25	Officer Director	$0	$0	$0
Simrun Gialleonardo	Executive Committee Member	0.25	Director	$0	$0	$0
Katie Mason	Executive Committee Member	0.25	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
2024	No data	No data	No data	No data
2023	$998,222	$1,239,955	$966,191	$-241,733
2022	$816,120	$878,791	$1,188,930	$-62,671
2021	$812,120	$728,680	$1,212,550	$83,440
2020	$871,975	$719,450	$1,122,860	$152,525
2019	$947,070	$852,186	$970,335	$94,884
2018	$982,143	$865,379	$875,451	$116,764

Service Contract Industry Council