County Risk Services INC FY2022 filing

Not tax-deductible

Montgomery, AL501(c)(4)Since 2018Human Services EIN 83-0814426Revenue $5.3M in FY2022

On file with the IRScountyrisk.org104 N Jackson St, 36104-3811 · Montgomery, ALTax-exempt since Aug 2019

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The organization's purpose is the provision of administrative, claims and Risk management Services on behalf of the association of County commissions of alabama self-insurers fund and the association of County commissions of alabama liability self-insurance fund, INC. In montgomery, alabama. The aforementioned funds are nonprofit organizations providing self-insured workers compensation and liability insurance protection for their members. Members of the funds are composed of counties of the state of alabama that have pooled resources and funds to provide the insurance converage.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
89¢ of each $1 spent went to programs.
$183K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $103K a year · 2% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$183K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.9M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.3M
+8% vs prior year
Spent
$5.3M
To programs
89%
Net assets
$691K
By yearFY2020–FY2024
Revenue
$5.3M
FY2022▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.6M
FY2021$4.9M
FY2022$5.3M
FY2023$5.7M
FY2024$6.7M
Expenses
$5.3M
FY2022▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.3M
FY2021$4.9M
FY2022$5.3M
FY2023$5.6M
FY2024$6.6M
Net assets
$691K
FY2022▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$659K
FY2021$671K
FY2022$691K
FY2023$781K
FY2024$892K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $4.7M Management & general 11% · $602K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $183K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice Pres./T
$115,338Pt VII · Sec A
$67,316Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Mary Kay Fraze’s $140K as Vice Pres is at the 67th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mary Kay Fraze$139,873$133,689$115,338$117,408$97,368
Mark Macon————$108,901
Marcia Collier——$67,316$67,187—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See County Risk Services INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides administrative, claims, and risk management services for Alabama county self-insurance funds.

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Provided by the organization

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2 programs · $4.7M · in their own filed words · FY2022
01

Claims Services

Professional claims services for the funds in accordance with accepted claims handling standards.

$4.4Mprogram expense
02

Risk Management Services

Comprehensive risk management services on a regular basis in accordance with accepted risk management standards.

$282Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$5.3M
Ln 12
Fees for servicesLn 2g$5.3M
Investment incomeLn 3$6K
Money outPt IX
$5.3M
Ln 25
Programscol B$4.7M
Managementcol C$602K
Owns and owesPt X
$691K
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$2.6M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.3M
Investment incomeLn 3$6K
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$121K
Other assetsLn 15$1.4M
Total assetsLn 16$2.6M
LiabilitiesLn 26$1.9M
Net assetsLn 32$691K
OperationsPt I, VI
EmployeesI 523
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.4M$1.0M
Land, buildings, equipmentLn 10c$115K$121K
Total assetsLn 16$2.0M$2.6M
LiabilitiesLn 26$1.4M$1.9M
Net assetsLn 32$671K$691K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.7M$1.4M$293K
Other employee benefitsLn 9$222K$184K$38K
Payroll taxesLn 10$129K$107K$22K
Accounting feesLn 11c$137K$113K$23K
Advertising and promotionLn 12$40K$40K
Office expensesLn 13$29K$29K
OccupancyLn 16$141K$117K$24K
TravelLn 17$49K$41K$8K
InterestLn 20$183$183
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$42K$35K$7K
Other expenses (24a–d)Ln 24$2.7M$2.6M$53K
All other expensesLn 24e$96K$48K$48K
Total functional expensesLn 25$5.3M$4.7M$602K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.7M$6.6M$111K$892K 990 PDF
FY2023 $5.7M$5.6M$91K$781K 990 PDF
FY2022 Viewing $5.3M$5.3M$20K$691K 990 PDF
FY2021 $4.9M$4.9M$12K$671K 990 PDF
FY2020 $5.6M$5.3M$284K$659K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $5,325,520 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $4,934,580$5,319,789
I-10 Investment incomePrior year $1,977$5,731
I-11 Other revenue$0
I-12 Total revenuePrior year $4,936,557$5,325,520
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,611,620$2,067,610
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,313,286$3,238,240
I-18 Total expensesPrior year $4,924,906$5,305,850
I-19 Revenue less expensesPrior year $11,651$19,670
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $5,325,520 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,319,789$5,319,789
VIII-3 Investment incomeExcluded from tax $5,731$5,731
VIII-12 Total revenueRelated to mission $5,319,789 · Excluded from tax $5,731$5,325,520
Part IX · Statement of functional expenses $5,305,850 across 13 lines filed
IX-7 Other salaries and wagesPrograms $1,423,415 · Management $293,197$1,716,612
IX-9 Other employee benefitsPrograms $184,175 · Management $37,937$222,112
IX-10 Payroll taxesPrograms $106,872 · Management $22,014$128,886
IX-11c Accounting feesPrograms $113,420 · Management $23,362$136,782
IX-12 Advertising and promotionManagement $40,420$40,420
IX-13 Office expensesManagement $28,997$28,997
IX-16 OccupancyPrograms $116,595 · Management $24,017$140,612
IX-17 TravelPrograms $40,532 · Management $8,349$48,881
IX-20 InterestManagement $183$183
IX-22 Depreciation, depletion and amortizationManagement $14,646$14,646
IX-23 InsurancePrograms $34,750 · Management $7,158$41,908
IX-24 Other expenses (24a–d)Programs $2,636,836 · Management $53,000$2,689,836
IX-24e All other expensesPrograms $47,507 · Management $48,468$95,975
IX-25 Total functional expensesPrograms $4,704,102 · Management $601,748 · Fundraising $0$5,305,850
Part X · Balance sheet $2,585,043 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,401,383$1,029,952
X-9 Prepaid expenses and deferred chargesStart of year $25,923$44,906
X-10c Land, buildings and equipment, netStart of year $114,951$120,897
X-15 Other assetsStart of year $500,000$1,389,288
X-16 Total assetsStart of year $2,042,257$2,585,043
X-17 Accounts payable and accrued expensesStart of year $1,286,622$1,005,205
X-25 Other liabilitiesStart of year $84,608$889,141
X-26 Total liabilitiesStart of year $1,371,230$1,894,346
X-32 Total net assets or fund balancesStart of year $671,027$690,697
X-33 Total liabilities and net assetsStart of year $2,042,257$2,585,043
Part XI · Reconciliation of net assets $690,697 net assets at year end
XI-1 Total revenue$5,325,520
XI-2 Total expenses$5,305,850
XI-3 Revenue less expenses$19,670
XI-4 Net assets at start of year$671,027
XI-10 Net assets at end of year$690,697

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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