TEXAS AUTOMOBILE INSURANCE PLAN AS… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

MATTHEW SNYDER

Phone

5124444441

Tax Period

2023-01-01 to 2023-12-31

TEXAS AUTOMOBILE INSURANCE PLAN ASSOCIATION, founded in 1993, is a small nonprofit that reported $894K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO MAKE AUTOMOBILE BODILY INJURY AND PROPERTY DAMAGE LIABILITY INSURANCE REQUIRED BY THE TEXAS MOTOR VEHICLE SAFETY RESPONSIBILITY ACT AVAILABLE TO ELIGIBLE APPLICANTS, SUBJECT TO THE RULES OF THE ASSOCIATION.

Program Service Accomplishments

Program 1

THE ASSOCIATION PROVIDES A MEANS FOR PEOPLE WHO ARE REQUIRED TO SHOW PROOF OF FINANCIAL RESPONSIBILITY TO OBTAIN AUTOMOBILE LIABILITY INSURANCE. THE ASSOCIATION HAS ESTABLISHED PROCEDURES FOR THE...

THE ASSOCIATION PROVIDES A MEANS FOR PEOPLE WHO ARE REQUIRED TO SHOW PROOF OF FINANCIAL RESPONSIBILITY TO OBTAIN AUTOMOBILE LIABILITY INSURANCE. THE ASSOCIATION HAS ESTABLISHED PROCEDURES FOR THE EQUITABLE DISTRIBUTION OF APPLICATIONS FOR INSURANCE TO BE ASSIGNED TO THE INSURANCE COMPANIES. ALL INSURANCE COMPANIES WHO ARE AUTHORIZED TO WRITE MOTOR VEHICLE LIABILITY POLICIES IN THE STATE OF TEXAS MUST BE MEMBERS OF THE ASSOCIATION AND PARTICIPATE IN RECEIVING THEIR SHARE OF THE INSURANCE RISKS ASSOCIATED WITH THE ORGANIZATION AND MUST PARTICIPATE IN PAYING THEIR SHARE OF THE EXPENSES INCURRED BY THE ORGANIZATION.

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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 $866,126

Program Service Revenue $0

Investment Income $14,588

Other Revenue $13,391

TOTAL REVENUE $894,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $633,766

Fundraising Expenses $0

Other Expenses $301,616

TOTAL EXPENSES $935,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$894,105	$756,643	+0.2%
Expenses	$935,382	$794,616	+0.2%
Net Income	$-41,277	$-37,973	+0.1%

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

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

$178,189

Total Directors

$7,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY CAROL AWALT	PUBLIC MEMBER	0.50	Director	$1,000	$0	$1,000
LAURA HAUSMAN	PUBLIC MEMBER; EMPLOYEE LIAISON	0.50	Director	$500	$0	$500
CARMELITA HOGAN	PUBLIC MEMBER	0.50	Director	$1,000	$0	$1,000
BECKY JACKSON	CHAIR	2.00	Officer Director	$1,500	$0	$1,500
DAVID NARDECCHIA	PUBLIC MEMBER (LEFT 05/31/23)	0.50	Director	$250	$0	$250
KIT MORRISE	ALTERNATE PRODUCER MEMBER	0.50	Director	$500	$0	$500
ADAM PAYTON	PRODUCER MEMBER	0.50	Director	$1,250	$0	$1,250
RAMON MONTALVO III	PRODUCER MEMBER	0.50	Director	$500	$0	$500
KEITH WECHSLER	INSURER MEMBER	0.50	Director	$0	$0	$0
RYAN SHAPIRO	INSURER MEMBER (LEFT 03/03/23)	0.50	Director	$0	$0	$0
DAVID WEBER	INSURER MEMBER; 2ND VICE CHAIR 2023	0.50	Officer Director	$0	$0	$0
MATT SNYDER	INSURER MEMBER; 1ST VICE CHAIR	0.50	Officer Director	$0	$0	$0
JOHN LUSARDI	INSURER MEMBER; SECRETARY	0.50	Officer Director	$0	$0	$0
MIKE VOIGT	INSURER MEMBER	0.50	Director	$0	$0	$0
JANET DEWEY	ALTERNATE PUBLIC MEMBER	0.50	Director	$500	$0	$500
BETSY BLAIR	PUBLIC MEMBER (JOINED 09/08/23)	0.50	Director	$250	$0	$250
MICHAEL BURKE	INSURER MEMBER	0.50	Director	$0	$0	$0
BRIAN FERGUSON	INSURER MEMBER	0.50	Director	$0	$0	$0
DOUGLAS QUEENIN	INSURER MEMBER	0.50	Director	$0	$0	$0
ADAM HALL	INSURER MEMBER	0.50	Director	$0	$0	$0
STACY DUTTON	ASSOCIATION MANAGER	37.50	Officer	$154,019	$22,670	$176,689

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	$894,105	$935,382	$834,888	$-41,277
2022	$756,643	$794,616	$773,553	$-37,973
2021	$861,551	$752,736	$539,483	$108,815
2020	$764,761	$750,633	$348,958	$14,128
2019	$810,526	$772,766	$287,394	$37,760
2018	$833,941	$760,160	$221,903	$73,781

TEXAS AUTOMOBILE INSURANCE PLAN ASSOCIATION