LOCAL GOVERNMENT INSURANCE COOPERAT C/O JAMES A SIMMONS ATTORNEY (EIN 621611813) - 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

1999

Legal Domicile

Principal Officer

RHEA TAYLOR

Phone

6154779987

Tax Period

2021-07-01 to 2022-06-30

LOCAL GOVERNMENT INSURANCE COOPERAT C/O JAMES A SIMMONS ATTORNEY, founded in 1999, is a micro nonprofit that reported $9K in total revenue in fiscal year 2021. Expenses of $73K exceeded revenue, resulting in a 695% operating deficit.

Mission

TO ADMINISTER WORKERS' COMPENSATION INSURANCE COVERAGE WHEN A GOVERNMENT ENTITY'S "RISK POOL" FOR FISCAL YEARS ENDED JUNE 30, 1996-2001 WAS ACTIVE (I.E. ENROLLING NEW ENTITIES / 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%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $9,202

Other Revenue $0

TOTAL REVENUE $9,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,156

Other Expenses $73,156

TOTAL EXPENSES $73,156

Year-over-Year Comparison

	2021	2020	Change
Revenue	$9,202	$9,319	0.0%
Expenses	$73,156	$97,652	-0.3%
Net Income	$-63,954	$-88,333	-0.3%

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
CHERYL LEWIS-SMITH	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARK ONEAL	DIRECTOR	1.00	Officer Director	$0	$0	$0
RHEA TAYLOR	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANDY WRIGHT	DIRECTOR	1.00	Officer 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
2022	$9,202	$73,156	$6,103,438	$-63,954
2019	$18,003	$406,178	$3,436,798	$-388,175

LOCAL GOVERNMENT INSURANCE COOPERAT C/O JAMES A SIMMONS ATTORNEY