ASSOCIATION OF FIRE & CASUALTY COM… - 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

1953

Legal Domicile

Principal Officer

MIKE GERIK

Phone

5127088200

Tax Period

2024-10-01 to 2025-09-30

Mission

PROMOTION OF THE GREATER UNDERSTANDING AND DISSEMINATION OF INFORMATION OF THE SCIENCE OF FIRE AND CASUALTY INSURANCE, THE ENCOURAGEMENT OF CORRECT PRINCIPLES OF CONDUCT OF SUCH BUSINESS AND THE SUPPORT OF PROPER AND IMPROVED REGULATION AND LEGISLATION.

Program Service Accomplishments

Program 1

PROMOTION OF THE GREATER UNDERSTANDING AND DISSEMINATION OF INFORMATION OF THE SCIENCE OF FIRE AND CASUALTY INSURANCE, THE ENCOURAGEMENT OF CORRECT PRINCIPLES OF CONDUCT OF SUCH BUSINESS AND THE...

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $289,411

TOTAL EXPENSES $289,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	$289,411	$71,282	+3.1%
Net Income	N/A	$-71,282	N/A

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
MIKE GERIK	President	001.00	Officer Director	$0	$0	$0
BECKY OGG	Vice President	001.00	Officer Director	$0	$0	$0
TY C SIMMONS	Treasurer	001.00	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	No data	$289,411	No data	No data
2024	No data	$71,282	$289,411	No data
2023	$170,588	$249,721	$360,693	$-79,133
2022	$238,840	$246,455	$439,826	$-7,615
2021	$278,840	$290,946	$447,441	$-12,106
2019	$313,348	$300,057	$459,547	$13,291

ASSOCIATION OF FIRE & CASUALTY COMPA NIES IN TEXAS