COMPREHENSIVE HEALTH INSURANCE ASSOCIATION (EIN 920144231) - 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

1992

Legal Domicile

Principal Officer

DEBBIE MCCORMICK

Phone

4025018701

Tax Period

2023-01-01 to 2023-12-31

COMPREHENSIVE HEALTH INSURANCE ASSOCIATION, founded in 1992, is a major nonprofit that reported $147.5M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $127.9M left a modest 13% surplus.

Mission

PROVIDE HEALTH INSURANCE TO ALASKA RESIDENTS WHO ARE UNABLE TO OBTAIN ADEQUATE 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 $120,000,000

Program Service Revenue $27,445,591

Investment Income $82,192

Other Revenue $0

TOTAL REVENUE $147,527,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,583

Fundraising Expenses $0

Other Expenses $910,508

TOTAL EXPENSES $127,867,018

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,527,783	$121,394,324	+0.2%
Expenses	$127,867,018	$103,305,345	+0.2%
Net Income	$19,660,765	$18,088,979	+0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$224,583

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN POLLOCK	CHAIRMAN	2.00	Officer Director	$0	$0	$0
J BRIAN ANGEL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MONA MCALEESE	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
SHANNON BUTLER	DIRECTOR	2.00	Director	$0	$0	$0
KATY SHERIDAN MD	DIRECTOR	2.00	Director	$0	$0	$0
JASON R GOOTEE	DIRECTOR	2.00	Director	$0	$0	$0
JIM GRAZKO	DIRECTOR	2.00	Director	$0	$0	$0
SARAH BAILEY	EX-OFF. DIV OF INS	2.00	Director	$0	$0	$0
CECIL BYKERK	EXECUTIVE DIRECTOR	15.00	Officer	$96,250	$0	$96,250
DEBBIE MCCORMICK	DEPUTY EX. DIRECTOR	15.00	Officer	$128,333	$0	$128,333

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	$147,527,783	$127,867,018	$236,374,176	$19,660,765
2022	$121,394,324	$103,305,345	$181,064,763	$18,088,979
2021	$99,936,486	$98,172,673	$122,969,212	$1,763,813
2020	$95,872,539	$96,724,778	$112,944,816	$-852,239
2019	$83,027,895	$83,314,119	$61,178,607	$-286,224
2018	$75,271,246	$77,766,936	$42,887,303	$-2,495,690

COMPREHENSIVE HEALTH INSURANCE ASSOCIATION