National Guard Association of Alabama Group Insurance Trust (EIN 630476659) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1963

Legal Domicile

Principal Officer

Joseph R Stone

Phone

2058369997

Tax Period

2024-07-01 to 2025-06-30

National Guard Association of Alabama Group Insurance Trust, founded in 1963, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2018. Expenses of $1.8M left a modest 7% surplus.

Mission

To provide life insurance coverage to members of the Alabama National Guard who elect to To provide life insurance coverage to members of the Alabama National Guard who elect to become insured.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,280,250

Investment Income $29,414

Other Revenue $437

TOTAL REVENUE $2,310,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,534

Fundraising Expenses $0

Other Expenses $1,746,507

TOTAL EXPENSES $1,988,041

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,310,101	$1,626,611	+0.4%
Expenses	$1,988,041	$1,694,721	+0.2%
Net Income	$322,060	$-68,110	-5.7%

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

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

$86,645

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sylvester Cannon	Secretary	0.50	Director	$0	$0	$0
William Mims	Trustee	0.50	Director	$0	$0	$0
Mike Taylor	Vice-Chairman	0.50	Director	$0	$0	$0
Larry Adams	Treasurer	0.50	Director	$0	$0	$0
Robert A Rigsby	Chairman	0.50	Director	$0	$0	$0
Joseph R Stone	Administrator	40.00	Officer	$78,768	$7,877	$86,645

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	$2,310,101	$1,988,041	$1,838,747	$322,060
2024	$1,626,611	$1,694,721	$1,514,253	$-68,110
2023	$1,596,657	$1,611,417	$1,596,892	$-14,760
2022	$1,912,682	$2,184,034	$1,602,134	$-271,352
2021	$1,789,671	$1,907,351	$1,863,886	$-117,680
2020	$1,898,300	$2,001,640	$2,035,612	$-103,340
2019	$1,962,446	$1,825,006	$2,100,328	$137,440

National Guard Association of Alabama Group Insurance Trust