SOUTHEASTERN INDIANA SCHOOL INSURANCE TR (EIN 853886329) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

KARL GALEY

Phone

3173401713

Tax Period

2023-01-01 to 2023-12-31

SOUTHEASTERN INDIANA SCHOOL INSURANCE TR, founded in 2020, is a mid-sized nonprofit in the Mutual Benefit sector that reported $26.9M in total revenue in fiscal year 2023. Expenses of $24.9M left a modest 7% surplus.

Mission

THE ORGANIZATION IS A MULTIPLE EMPLOYER WELFARE ARRANGEMENT (MEWA) WHICH PROVIDES MEDICAL, PRESCRIPTION DRUG, DENTAL, AND VISION BENEFITS TO EMPLOYEES OF 14 INDIANA SCHOOL CORPORATIONS AND 1 RELATED ENTITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,423,976

Investment Income $466,378

Other Revenue $0

TOTAL REVENUE $26,890,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,925,918

Other Expenses $1,713,690

TOTAL EXPENSES $24,925,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,890,354	$26,277,741	+0.0%
Expenses	$24,925,918	$26,008,998	0.0%
Net Income	$1,964,436	$268,743	+6.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
KARL GALEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JANE RODGERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL KETCHAM	TREASURER	1.00	Director	$0	$0	$0
DARRICK COX	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT YODER	TRUSTEE	1.00	Director	$0	$0	$0
KENT GISH	TRUSTEE	1.00	Director	$0	$0	$0
SHERRY BREWER	TRUSTEE	1.00	Director	$0	$0	$0
FRED UNSICKER	TRUSTEE	1.00	Director	$0	$0	$0
ANNETTE PINDELL	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
KAREN SCHNEIDER	TRUSTEE	1.00	Director	$0	$0	$0
BRANDON LORTON	TRUSTEE	1.00	Director	$0	$0	$0
RENEE HARTMAN	TRUSTEE	1.00	Director	$0	$0	$0
ALEX BREWER	TRUSTEE	1.00	Director	$0	$0	$0
APRIL VATER	TRUSTEE	1.00	Director	$0	$0	$0
JIM JAMESON	TRUSTEE	1.00	Director	$0	$0	$0
MARY DUNCAN	TRUSTEE	1.00	Director	$0	$0	$0
ERIC LOWS	TRUSTEE	1.00	Director	$0	$0	$0
STEVE GEISTING	TRUSTEE	1.00	Director	$0	$0	$0
ROB MOORHEAD	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN COMER	TRUSTEE	1.00	Director	$0	$0	$0
DEREK MARSHALL	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS GROSSMAN	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS STONEFIELD	TRUSTEE	1.00	Director	$0	$0	$0
RODNEY HITE	TRUSTEE	1.00	Director	$0	$0	$0
GREG CURLIN	TRUSTEE	1.00	Director	$0	$0	$0
BRADEN ROEDER	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$26,890,354	$24,925,918	$12,978,830	$1,964,436
2022	$26,277,741	$26,008,998	$11,882,071	$268,743
2021	$25,528,015	$26,326,015	$11,466,171	$-798,000
2020	$5,185,773	$1,508	$7,335,854	$5,184,265

SOUTHEASTERN INDIANA SCHOOL INSURANCE TR