ASSURANT CARES EMPLOYEE SUPPORT FUND

EIN: 823001921 501(c)(3) Human Services

Atlanta, GA

Total Revenue
$1,114,782
Total Expenses
$1,097,326
Total Assets
$270,170
Net Assets
$270,170
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
GA
Phone
7707631000
Tax Period
2020-01-01 to 2020-12-31

ASSURANT CARES EMPLOYEE SUPPORT FUND, founded in 2017, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2020. Revenue surged 583% from the prior year, signaling strong growth momentum.

Mission

The Assurant Cares Employee Support ACES Fund provides emergency financial assistance to Assurant employees who encounter extraordinary hardships due to catastrophic natural disasters such as floods hurricanes earthquakes fires or similar crisis circumstances beyond their control or the control of their families. In 2020 the ACES Fund Board approved a special resolution to provide emergency financial hardship grants to Assurant employees adversely affected by the global COVID-19 pandemic to assist with food housing child elder care and similar essential and immediate needs. A special COVID-19 Emergency Task Force was put in place for this special initiative that launched in March 2020 and wrapped up in August 2020.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $1,114,782
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,114,782

Expense Breakdown

Grants Paid $1,097,326
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,097,326
Other Expenses $0
TOTAL EXPENSES $1,097,326

Year-over-Year Comparison

2020 2019 Change
Revenue $1,114,782 $163,289 +5.8%
Expenses $1,097,326 $52,750 +19.8%
Net Income $17,456 $110,539 -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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
N/A
Employees
N/A
Volunteers
22

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shawn Kahle Interim Chair 10.00
Officer
$0 $0 $0
Temikia Montford Treasurer 1.00
Officer
$0 $0 $0
Mark Sieb Asst Treasury 1.00
Director
$0 $0 $0
Ricardo Moralez Gomez Secretary 1.00
Officer
$0 $0 $0
Jeremy Purvis Member at Large 1.00
Director
$0 $0 $0
Steve Hein Member at Large 1.00
Director
$0 $0 $0
Margaret Nagle Member at Large 1.00
Director
$0 $0 $0
Monica Bomani Member at Large 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
2020 $1,114,782 $1,097,326 $270,170 $17,456
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