BIRMINGHAM ASSOCIATION OF INSURANCE (EIN 636046632) - 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

1922

Legal Domicile

Phone

2053264129

Tax Period

2024-01-01 to 2024-12-31

BIRMINGHAM ASSOCIATION OF INSURANCE, founded in 1922, is a small nonprofit that reported $119K in total revenue in fiscal year 2020. Revenue decreased 18% compared to the prior year. Expenses of $112K left a modest 6% surplus.

Mission

TO EDUCATE, MOTIVATE AND RELATE INSURANCE ISSUES AND TRENDS TO MEMBERS

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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 $39,790

Program Service Revenue $61,856

Investment Income $36,779

Other Revenue $0

TOTAL REVENUE $138,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $130,352

TOTAL EXPENSES $130,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,425	$141,831	0.0%
Expenses	$130,352	$120,544	+0.1%
Net Income	$8,073	$21,287	-0.6%

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
BRIAN SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
VICKIE FULLER	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
KINGSTON HALL	SECRETARY	1.00	Officer Director	$0	$0	$0
CLINT PROVOST	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
LAREN BLACK	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CLEMENT	DIRECTOR	1.00	Director	$0	$0	$0
ROB DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MICHAEL FINNEY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN POE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH ROTH	DIRECTOR	1.00	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
2024	$138,425	$130,352	$754,688	$8,073
2023	$141,831	$120,544	$717,617	$21,287
2022	$112,588	$134,205	$689,184	$-21,617
2021	$106,932	$128,068	$764,840	$-21,136
2020	$119,152	$111,531	$783,880	$7,621

BIRMINGHAM ASSOCIATION OF INSURANCE