THE SURPLUS LINE ASSOCIATION OF CALIFORNIA (EIN 940912095) - 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

1937

Legal Domicile

Principal Officer

BENJAMIN MCKAY

Phone

4154344900

Tax Period

2022-12-01 to 2023-11-30

THE SURPLUS LINE ASSOCIATION OF CALIFORNIA, founded in 1937, is a mid-sized nonprofit that reported $34.3M in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $6.3M, a strong 18% operating margin.

Mission

TO HELP MAINTAIN A HEALTHY, FAIR, AND COMPETITIVE SURPLUS LINE MARKETPLACE IN CALIFORNIA.

🔒

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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $34,127,361

Investment Income $180,335

Other Revenue $0

TOTAL REVENUE $34,307,696

Expense Breakdown

Grants Paid $179,001

Salaries & Benefits $19,707,388

Fundraising Expenses $0

Other Expenses $8,105,060

TOTAL EXPENSES $27,991,449

Year-over-Year Comparison

	2022	2021	Change
Revenue	$34,307,696	$41,619,024	-0.2%
Expenses	$27,991,449	$24,216,734	+0.2%
Net Income	$6,316,247	$17,402,290	-0.6%

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

154

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

$1,327,859

Total Directors

Key Employees

$690,938

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET BEAVER	CHAIR	1.00	Officer Director	$0	$0	$0
RICH GOBLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN WASHINGTON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
TERRI MORAN	PAST CHAIR	1.00	Director	$0	$0	$0
CHARLES ROSSON	BOARD MEMBER	1.00	Director	$0	$0	$0
HANK HALDEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES FALEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY SCHROEDER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAM QUILICI	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT GILBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH NICHOLS	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRENCE VILLAR	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY CHAIX	BOARD MEMBER	1.00	Director	$0	$0	$0
BENJAMIN MCKAY	EXECUTIVE DIRECTOR	37.50	Officer	$904,946	$62,775	$967,721
JOY ERVEN	COO & DIRECTOR	37.50	Officer	$329,814	$30,324	$360,138
MICHAEL CATUREGLI	CHIEF TECHNOLOGY & ANALYSIS OFFICER	37.50	Key Emp	$318,080	$51,201	$369,281
DAVID KODAMA	CHIEF INDUSTRY & REGULATORY OFFICER	37.50	Key Emp	$271,086	$50,571	$321,657
BARBARA TRUMBLY	SENIOR VP, OPERATIONS & EVENTS	37.50	Highest	$308,820	$36,686	$345,506
JAMES GREENE	VP, DIGITAL COMMUNICATIONS	37.50	Highest	$293,901	$28,561	$322,462
IVAN MORSE	CONTROLLER	37.50	Highest	$263,738	$38,119	$301,857
JO ANN DEL GATTO	VP, LEGAL COMPLIANCE	37.50	Highest	$248,743	$48,545	$297,288
SATYA VANI GANTI	VP, TECHNOLOGY	37.50	Highest	$229,783	$46,974	$276,757

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	$34,307,696	$27,991,449	$56,020,622	$6,316,247
2022	$41,619,024	$24,216,734	$46,303,421	$17,402,290
2021	$32,067,894	$21,566,255	$30,618,927	$10,501,639
2020	$24,706,176	$19,416,119	$21,121,074	$5,290,057
2019	$20,020,179	$19,039,397	$16,542,954	$980,782
2018	$15,301,542	$17,145,431	$15,994,419	$-1,843,889

THE SURPLUS LINE ASSOCIATION OF CALIFORNIA