WASHINGTON COUNTIES INSURANCE FUND (EIN 916060979) - 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

1959

Legal Domicile

Principal Officer

ROBERT C JACKSON

Phone

3602924473

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON COUNTIES INSURANCE FUND, founded in 1959, is a mid-sized nonprofit that reported $52.7M in total revenue in fiscal year 2023.

Mission

PROVIDE INSURANCE BENEFITS FOR WASHINGTON COUNTIES' ELIGIBLE EMPLOYEES

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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 $52,328,368

Investment Income $390,012

Other Revenue $97

TOTAL REVENUE $52,718,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,025,193

Fundraising Expenses $0

Program Expenses $52,541,306

Other Expenses $51,516,113

TOTAL EXPENSES $52,541,306

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,718,477	$51,700,231	+0.0%
Expenses	$52,541,306	$50,968,343	+0.0%
Net Income	$177,171	$731,888	-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

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

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

$565,373

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARNE MORTENSEN	TRUSTEE	1.00	Director	$0	$0	$0
LEXI WINGFIELD	TRUSTEE	1.00	Director	$0	$0	$0
GENE STRONG	EXECUTIVE CHAIR	1.00	Officer Director	$0	$0	$0
JEROME DELVIN	TRUSTEE	1.00	Director	$0	$0	$0
AMBER PHINNEY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SLAUGHTER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JESSICA WARREN	TRUSTEE	1.00	Director	$0	$0	$0
LARRY GROVE	TRUSTEE	1.00	Director	$0	$0	$0
DAN COTHREN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL LARGENT	CHAIR	1.00	Director	$0	$0	$0
REID WELLS	TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA GRIFFITH	TRUSTEE	1.00	Director	$0	$0	$0
BAILEY WIEDMER	TRUSTEE	1.00	Director	$0	$0	$0
RYAN RUNDELL	TRUSTEE	1.00	Director	$0	$0	$0
SEAN SWOPE	TRUSTEE	1.00	Director	$0	$0	$0
KIM FOSTER	TRUSTEE	1.00	Director	$0	$0	$0
GREG TOMPKINS	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN CLARK	TRUSTEE	1.00	Director	$0	$0	$0
CHERISH CRONMILLER	TRUSTEE	1.00	Director	$0	$0	$0
BRIDGET LOCKLING	TRUSTEE	1.00	Director	$0	$0	$0
MARY BETH MERCER	TRUSTEE	1.00	Director	$0	$0	$0
ROB GELDER	TRUSTEE	1.00	Director	$0	$0	$0
ALICIA HARTNETT	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE ROLFES	CHAIR	1.00	Officer Director	$0	$0	$0
GARY EDWARDS	CHAIR	1.00	Director	$0	$0	$0
CAROLINA MEJIA	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT JACKSON	EXECUTIVE DIRECTOR	40.00	Officer	$158,659	$25,362	$184,021
LISA SBAI	FINANCE DIRECTOR	40.00	Officer	$103,069	$14,840	$117,909
LISA GANCEL	FINANCE MANAGER	40.00	Officer	$110,925	$23,319	$134,244
JANEE CARGILL	FINANCE DIRECTOR	40.00	Officer	$106,880	$22,319	$129,199

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	$52,718,477	$52,541,306	$12,044,303	$177,171
2022	$51,700,231	$50,968,343	$13,457,716	$731,888
2021	$66,207,996	$67,058,848	$12,803,774	$-850,852
2020	$64,370,275	$61,866,054	$12,707,131	$2,504,221
2019	$59,657,030	$59,446,910	$9,126,657	$210,120
2018	$55,177,101	$55,016,112	$9,131,921	$160,989

WASHINGTON COUNTIES INSURANCE FUND