INDEPENDENT SCHOOLS HEALTH INSURANCE CONSORTIUM (EIN 611749414) - 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

2015

Legal Domicile

Principal Officer

DIANA MCALLISTER

Phone

7242636365

Tax Period

2021-01-01 to 2021-12-31

INDEPENDENT SCHOOLS HEALTH INSURANCE CONSORTIUM, founded in 2015, is a micro nonprofit that reported $6K in total revenue in fiscal year 2021. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 1085% operating deficit.

Mission

THE CONSORTIUM WAS CREATED FOR THE PURPOSE OF PROVIDING HEALTH AND WELFARE BENEFITS, INCLUDING MEDICAL, PRESCRIPTION, DENTAL AND VISION BENEFITS, TO PARTICIPATING ENTITIES AND MAINTAINING AN EFFECTIVE EMPLOYEE BENEFIT DELIVERY STRUCTURE FOR MEMBERS, COMBINING RESOURCES TO REDUCE COST, TO MAINTAIN AND IMPROVE THE QUALITY OF COVERAGE AVAILABLE AND SHARING INFORMATION FOR THE COMMON GOOD OF THE PARTICIPATING 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $6

Other Revenue $6,156

TOTAL REVENUE $6,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $42,536

TOTAL EXPENSES $73,036

Year-over-Year Comparison

	2021	2020	Change
Revenue	$6,162	$1,609,354	-1.0%
Expenses	$73,036	$1,923,263	-1.0%
Net Income	$-66,874	$-313,909	-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

N/A

Independent Members

N/A

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
DIANA MCALLISTER	TRUSTEE (EXIT 09/21)	1.00	Director	$0	$0	$0
KAREN MCAVOY	TRUSTEE (EXIT 08/21)	1.00	Director	$0	$0	$0
J GREGORY FORSYTHE - CHAIRMAN	TRUSTEE (EXIT 08/21)	2.50	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
2021	$6,162	$73,036	No data	$-66,874
2020	$1,609,354	$1,923,263	$68,957	$-313,909
2019	$2,238,426	$2,353,262	$668,556	$-114,836
2018	$5,671,957	$7,069,432	$1,894,257	$-1,397,475

INDEPENDENT SCHOOLS HEALTH INSURANCE CONSORTIUM