BIFURCATED SYSTEM RESOURCE RISK RETENTION GROUP INC

EIN: 883919275 501(c)(3) Mutual Benefit

CHARLESTON, SC

Total Revenue
$1,260,363
Total Expenses
$401,296
Total Assets
$2,616,204
Net Assets
$1,394,741
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
SC
Principal Officer
STEPHEN A MILLER JD
Phone
6092785415
Tax Period
2023-01-01 to 2023-12-31

BIFURCATED SYSTEM RESOURCE RISK RETENTION GROUP INC, founded in 2022, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 310% from the prior year, signaling strong growth momentum. The organization ran a surplus of $859K, a strong 68% operating margin.

Mission

OPERATES AS A RISK RETENTION GROUP UNDER the Federal Liability Risk Retention Act of 1986 to CAPITAL HEALTH SYSTEM & AFF; an irc 501(c)(3) tax-exempt healthcare DELIVERY SYSTEM

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,260,363
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,260,363

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $83,816
Other Expenses $401,296
TOTAL EXPENSES $401,296

Year-over-Year Comparison

2023 2022 Change
Revenue $1,260,363 $307,188 +3.1%
Expenses $401,296 $271,514 +0.5%
Net Income $859,067 $35,674 +23.1%
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
4
Independent Members
1
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
4
$2,963,366
Total Directors
4
$2,963,366
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHANE F FLEMING CPA TREASURER - DIRECTOR 55.0
Officer Director
$0 $46,561 $1,577,435
STEPHEN A MILLER JD PRESIDENT - DIRECTOR 55.0
Officer Director
$0 $34,909 $1,007,436
RAFAEL VILLALOBOS SECRETARY - DIRECTOR 55.0
Officer Director
$0 $26,816 $378,495
VIRGINIA ADRIHAN VICE PRESIDENT - DIRECTOR 1.0
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
2024 No data No data No data No data
2023 $1,260,363 $401,296 $2,616,204 $859,067
2022 $307,188 $271,514 $1,869,038 $35,674
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