NATIONAL GUARD ASSOCIATION OF TENNESSEE GROUP INSURANCE TRUST

EIN: 620784853

NASHVILLE, TN

Total Revenue
$845,422
Total Expenses
$562,312
Total Assets
$5,659,429
Net Assets
$5,445,880
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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
1924
Legal Domicile
TN
Principal Officer
COL RET BYRON DEEL
Phone
6158339100
Tax Period
2024-07-01 to 2025-06-30

NATIONAL GUARD ASSOCIATION OF TENNESSEE GROUP INSURANCE TRUST, founded in 1924, is a small nonprofit that reported $845K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $283K, a strong 33% operating margin.

Mission

THE NATIONAL GUARD ASSOCIATION OF TENNESSEE GROUP INSURANCE TRUST ("TRUST")IS A NON-PROFIT ORGANIZATION WHICH IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(19). THE PRIMARY PURPOSE OF THE TRUST IS TO OBTAIN LIFE INSURANCE FOR THE MEMBERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $25,000
Program Service Revenue $498,172
Investment Income $274,438
Other Revenue $47,812
TOTAL REVENUE $845,422

Expense Breakdown

Grants Paid $40,000
Salaries & Benefits $286,918
Fundraising Expenses $0
Other Expenses $235,394
TOTAL EXPENSES $562,312

Year-over-Year Comparison

2024 2023 Change
Revenue $845,422 $707,202 +0.2%
Expenses $562,312 $594,347 -0.1%
Net Income $283,110 $112,855 +1.5%
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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Governance

Voting Members
9
Independent Members
9
Employees
5
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
5
$93,200
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COL RET BYRON DEEL EXECUTIVE DI 24.00
Officer
$37,280 $0 $93,200
COL RET TREY BRANNOM TRUSTEE N/A
Director
$0 $0 $0
SMSGT CHRISTIE BROWN VICE-CHAIR N/A
Officer Director
$0 $0 $0
COL RET BARRY BUNTIN TRUSTEE N/A
Director
$0 $0 $0
COL TONY GLANDORF TRUSTEE N/A
Director
$0 $0 $0
LTC JAMES HALTOM CHAIR N/A
Officer Director
$0 $0 $0
COL RET TIM LEDMAN TRUSTEE N/A
Director
$0 $0 $0
LTC RET AUSTIN MAXWELL SECRETARY N/A
Officer Director
$0 $0 $0
COL TUCKER ROJAS TRUSTEE N/A
Director
$0 $0 $0
CSM RET HANK WHITE TRUSTEE N/A
Director
$0 $0 $0
LTC MEREDITH RICHARDSON PRESIDENT N/A
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
2025 $845,422 $562,312 $5,659,429 $283,110
2024 $707,202 $594,347 $5,162,052 $112,855
2023 $529,055 $490,175 $4,828,898 $38,880
2022 $489,339 $506,739 $4,537,363 $-17,400
2021 $475,189 $481,795 $5,433,092 $-6,606
2020 $520,664 $472,595 $4,764,252 $48,069
2019 $666,398 $455,867 $4,642,233 $210,531
2018 $431,854 $542,568 $4,336,082 $-110,714
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