GENERAL LIABILITY DEFENSE IC

EIN: 851472543 501(c)(3)

LOS ANGELES, CA

Total Revenue
N/A
Total Expenses
$149,409
Total Assets
$2,627,137
Net Assets
$909,002
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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
2020
Legal Domicile
VT
Principal Officer
ERIK BRINK
Phone
2138211900
Tax Period
2022-07-01 to 2023-06-30

Mission

GENERAL LIABILITY DEFENSE, IC (GENERAL LIABILITY) IS A PUBLIC BENEFIT CORPORATION AND INCORPORATED PROTECTED CELL OF A SPONSORED CAPTIVE INSURANCE COMPANY ORGANIZED IN ACCORDANCE WITH THE VERMONT NONPROFIT CORPORATION ACT AND CHAPTER 141 OF TITLE 8 OF THE VERMONT STATUTES ANNOTATED. GENERAL LIABILITY IS ORGANIZED AND OPERATED AS A SUPPORTING ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE SECTION 509(A)(3) TO PROVIDE SERVICES AND RESOURCES FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF, THE UNIVERSITY OF SOUTHERN CALIFORNIA (USC) AND USC'S TAX-EXEMPT AFFILIATES, SO LONG AS USC AND SUCH AFFILIATES ARE DESCRIBED IN PARAGRAPHS (1) OR (2) OF SECTION 509(A). SPECIFICALLY, GENERAL LIABILITY'S SOLE PLANNED ACTIVITY IS TO FACILITATE SELF-INSURANCE WITH RESPECT TO CERTAIN CASUALTY EXPOSURES OF USC AND USC'S TAX-EXEMPT AFFILIATES.

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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 (2022)

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
Program Expenses $149,409
Other Expenses $149,409
TOTAL EXPENSES $149,409

Year-over-Year Comparison

2022 2021 Change
Revenue N/A N/A N/A
Expenses $149,409 $213,587 -0.3%
Net Income N/A $-213,587 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

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Governance

Voting Members
5
Independent Members
N/A
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
3
$1,757,625
Total Directors
6
$9,310,947
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN D SHAPIRO DIRECTOR 2.0
Director
$0 $571,140 $3,430,161
JAMES M STATEN DIRECTOR UNTIL 2/28/23 2.0
Director
$0 $78,971 $1,995,159
BEONG-SOO KIM DIRECTOR 2.0
Director
$0 $236,558 $1,413,546
DRDAVID PENG DIRECTOR 2.0
Director
$0 $140,400 $1,190,378
ERIK BRINK TREASURER/DIRECTOR 2.0
Officer Director
$0 $101,538 $798,824
JASON BENNETT PRESIDENT/DIRECTOR 5.0
Officer Director
$0 $58,938 $482,879
CAROLYN DOMEN-BROSHEARS SECRETARY 2.0
Officer
$0 $38,834 $475,922
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
2024 No data No data No data No data
2023 No data $149,409 $2,627,137 No data
2022 No data $213,587 $2,767,067 No data
2021 No data $273,002 $3,051,334 No data
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