NEVADA SURPLUS LINES ASSOCIATION INC (EIN 880358656) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

MARIA MUZEA

Phone

7758267898

Tax Period

2023-01-01 to 2023-12-31

NEVADA SURPLUS LINES ASSOCIATION INC, founded in 1996, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $3.8M left a modest 4% surplus.

Mission

TO ASSIST THE NEVADA DIVISION OF INSURANCE IN THE REGULATION OF SURPLUS LINES INSURANCE AND TO ENCOURAGE COMPLIANCE BY SURPLUS LINES AGENTS AND INSURERS WITH THE SURPLUS LINES LAW AND THE RULES OF THE NEVADA DIVISION OF INSURANCE

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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 $0

Program Service Revenue $3,886,004

Investment Income $85,633

Other Revenue $15,000

TOTAL REVENUE $3,986,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,166

Fundraising Expenses $0

Other Expenses $3,594,727

TOTAL EXPENSES $3,818,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,986,637	$3,206,561	+0.2%
Expenses	$3,818,893	$2,607,110	+0.5%
Net Income	$167,744	$599,451	-0.7%

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

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

$140,774

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK ROSSI	CHAIRMAN	0.50	Officer Director	$0	$0	$0
STEVE WILKINS	VICE-CHAIRMA	0.50	Officer Director	$0	$0	$0
CINDY FLEISCHER	SECRETARY/TR	0.50	Officer Director	$0	$0	$0
TOM KERESTESI	DIRECTOR	0.50	Director	$0	$0	$0
JOHN DRAKULICH	DIRECTOR	0.50	Director	$0	$0	$0
GREG MCKINLEY	DIRECTOR	0.50	Director	$0	$0	$0
JUSTIN MANNING	DIRECTOR	0.50	Director	$0	$0	$0
FRANCIE STOCKING	DIRECTOR	0.50	Director	$0	$0	$0
MARIA MUZEA	EXECUTIVE DI	40.00	Officer	$117,000	$23,774	$140,774

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	$3,986,637	$3,818,893	$3,800,744	$167,744
2022	$3,206,561	$2,607,110	$3,511,286	$599,451
2021	$2,380,303	$2,681,235	$3,045,218	$-300,932
2020	$1,778,531	$2,770,266	$3,288,575	$-991,735
2019	$1,770,447	$4,692,728	$4,246,187	$-2,922,281
2018	$1,178,815	$619,939	$6,842,728	$558,876

NEVADA SURPLUS LINES ASSOCIATION INC