CALIFORNIA AUTOMOBILE ASSIGNED RISK PLAN

EIN: 943137069

JOHNSTON, RI

Total Revenue
$1,625,234
Total Expenses
$3,279,310
Total Assets
$3,322,130
Net Assets
$-150,829
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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
1947
Legal Domicile
RI
Phone
4019462310
Tax Period
2023-01-01 to 2023-12-31

CALIFORNIA AUTOMOBILE ASSIGNED RISK PLAN, founded in 1947, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 316% from the prior year, signaling strong growth momentum. Expenses of $3.3M exceeded revenue, resulting in a 102% operating deficit.

Mission

To provide automobile liability insurance to those who in good faith are entitled to but are unable to procure such insurance through ordinary methods.

Program Service Accomplishments

Program 1

To make motor vehicle insurance available for those persons not able to obtain coverage in the voluntary market.

Program 2

The California Low Cost Automobile Insurance Program provides low cost automobile liability insurance to good drivers who demonstrate financial need.

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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 $1,564,598
Investment Income $60,167
Other Revenue $469
TOTAL REVENUE $1,625,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $745,898
Fundraising Expenses $0
Other Expenses $2,533,412
TOTAL EXPENSES $3,279,310

Year-over-Year Comparison

2023 2022 Change
Revenue $1,625,234 $391,029 +3.2%
Expenses $3,279,310 $2,117,199 +0.5%
Net Income $-1,654,076 $-1,726,170 0.0%
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
14
Independent Members
14
Employees
N/A
Volunteers
14

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
0
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Advisory Committee Member 0.50
Director
$0 $0 $0
N/A Advisory Committee Member 0.50
Director
$0 $0 $0
N/A Advisory Committee Member 0.50
Director
$0 $0 $0
N/A Advisory Committee Member 0.50
Director
$0 $0 $0
N/A Advisory Committee Member 0.50
Director
$0 $0 $0
N/A Advisory Committee Member 0.50
Director
$0 $0 $0
N/A Advisory Committee Member 0.50
Director
$0 $0 $0
N/A Advisory Committee Member 0.50
Director
$0 $0 $0
Nona Tirre Miranda Advisory Committee Member 0.50
Director
$0 $0 $0
Michael Golden Advisory Committee Member 0.50
Director
$0 $0 $0
Douglas Heller Advisory Committee Member 0.50
Director
$0 $0 $0
Bernardo de la Torre Advisory Committee Member 0.50
Director
$0 $0 $0
Amy Nungaray Advisory Committee Member 0.50
Director
$0 $0 $0
Cynthia Strathmann Advisory Committee Member 0.50
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 $1,625,234 $3,279,310 $3,322,130 $-1,654,076
2022 $391,029 $2,117,199 $1,696,353 $-1,726,170
2021 $930,137 $1,277,567 $308,757 $-347,430
2020 $1,387,597 $1,064,591 $515,354 $323,006
2019 $1,495,529 $1,205,901 $525,130 $289,628
2018 $1,494,360 $1,451,489 $251,935 $42,871
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