PARADIGM INDEMNITY CORPORATION (EIN 731668317) - 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

2003

Legal Domicile

Principal Officer

DOUGLAS BOYSEN

Phone

5417684857

Tax Period

2023-01-01 to 2023-12-31

PARADIGM INDEMNITY CORPORATION, founded in 2003, is a mid-sized nonprofit in the Mutual Benefit sector that reported $12.9M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $2.6M, a strong 20% operating margin.

Mission

DIRECTLY INSURES FOR PROFESSIONAL AND GENERAL LIABILITY COVERAGE FOR SHS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,431,720

Investment Income $2,455,390

Other Revenue $0

TOTAL REVENUE $12,887,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,470,303

Other Expenses $10,324,279

TOTAL EXPENSES $10,324,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,887,110	$14,788,703	-0.1%
Expenses	$10,324,279	$4,116,058	+1.5%
Net Income	$2,562,831	$10,672,645	-0.8%

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

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

$2,371,003

Total Directors

$2,972,504

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS BOYSEN	BOARD CHAIR / CEO SHS	1.00	Officer Director	$0	$68,391	$1,623,482
RANDY SPRINGER	BRD VICE CHAIR & SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID TRIEBES	BOARD MEMBER	1.00	Director	$0	$0	$0
RALPH BREITENSTEIN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLEY KAISER	BOARD MEMBER / SVP CAO SHS	1.00	Director	$0	$66,767	$583,787
NANCY SEIFERT PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT TURNGREN MD	BRD MBR / SVP CHIEF PHYS EXEC	1.00	Director	$0	$62,939	$765,235
DANIEL SMITH	TREASURER / SVP CFO SHS	1.00	Officer	$0	$68,167	$747,521

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	No data	No data	No data	No data
2023	$12,887,110	$10,324,279	$58,412,860	$2,562,831
2022	$14,788,703	$4,116,058	$66,739,436	$10,672,645
2021	$10,885,201	$7,163,826	$60,433,945	$3,721,375
2020	$11,908,630	$7,786,731	$55,688,329	$4,121,899
2019	$11,299,391	$6,219,868	$48,462,605	$5,079,523
2018	$10,769,152	$6,578,693	$38,992,926	$4,190,459

PARADIGM INDEMNITY CORPORATION