ALABAMA SELF-INSURERS ASSOCIATION (EIN 631074482) - 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

1992

Legal Domicile

Principal Officer

LARRY VINSON

Phone

3342607970

Tax Period

2025-01-01 to 2025-12-31

ALABAMA SELF-INSURERS ASSOCIATION, founded in 1992, is a small nonprofit that reported $394K in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year. Expenses of $380K left a modest 4% surplus.

Mission

TO REPRESENT THE INTERESTS OF EMPLOYERS IN ALABAMA WHO SELF-INSURE WORKERS' COMPENSATION COVERAGE ON THEIR EMPLOYEES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $378,723

Investment Income $113,078

Other Revenue $397

TOTAL REVENUE $492,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $485,164

TOTAL EXPENSES $485,164

Year-over-Year Comparison

	2025	2024	Change
Revenue	$492,198	$384,866	+0.3%
Expenses	$485,164	$417,586	+0.2%
Net Income	$7,034	$-32,720	-1.2%

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	Role	Reportable Comp	Other Comp	Total
JOEY AMMONS	DIRECTOR	Director	$0	$0	$0
RICK BROWN	DIRECTOR	Director	$0	$0	$0
RICHARD BUTTENSHAW	DIRECTOR	Director	$0	$0	$0
CONNIE COX	DIRECTOR	Director	$0	$0	$0
RUSSELL DUBOSE	DIRECTOR	Director	$0	$0	$0
PAIGE GIDDIENS	DIRECTOR	Director	$0	$0	$0
KRIS JOHNSON	DIRECTOR	Director	$0	$0	$0
CHUCK RANKIN	DIRECTOR	Director	$0	$0	$0
DOUG KITCHENS	DIRECTOR	Director	$0	$0	$0
STACEY TURNER	DIRECTOR	Director	$0	$0	$0
CHRIS CLEVELAND	ASSOCIATE DIRECTOR	Director	$0	$0	$0
BOBBY STEPHENSON	ASSOCIATE DIRECTOR	Director	$0	$0	$0
TOI CORBETT	PRESIDENT	Officer Director	$0	$0	$0
GREG SCOTT	VICE PRESIDENT	Officer Director	$0	$0	$0
KATHERYN GRIGSBY	SECRETARY	Officer Director	$0	$0	$0
RANDAL WARD	TREASURER	Officer Director	$0	$0	$0
CHRIS ALEXANDER	PAST PRESIDENT	Officer Director	$0	$0	$0
CHARLES CARR	EXECUTIVE DIRECTOR	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
2025	$492,198	$485,164	$361,039	$7,034
2024	No data	No data	No data	No data
2023	$378,608	$403,132	$366,731	$-24,524
2022	$385,629	$374,429	$368,454	$11,200
2021	$323,114	$295,259	$419,182	$27,855
2020	$118,950	$191,872	$369,586	$-72,922
2019	$391,345	$375,543	$422,706	$15,802
2018	$394,218	$380,278	$363,932	$13,940

ALABAMA SELF-INSURERS ASSOCIATION