Northwestern Arizona Regionalinsurance Company
- Assets
- $16.0m
- Revenue
- $2.4m
- Investments
- $13.5m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 07/2010
- Data as of
- 06/2022
- EIN
- 20-8081486
Organization Overview
Northwestern Arizona Regionalinsurance Company is located in Phoenix, AZ. The organization was established in 2010. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwestern Arizona Regionalinsurance Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Northwestern Arizona Regionalinsurance Company generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NORTHWESTERN ARIZONA REGIONAL INSURANCE COMPANY PROVIDES PROFESSIONAL LIABILITY, (CONT ON SCH O) GENERAL LIABILITY AND DIRECTORS AND OFFICERS' INSURANCE COVERAGE PURSUANT TO THE PROVISIONS OF ARIZONA REVISED STATUTES 20-1098. THE COMPANY CURRENTLY PROVIDES INSURANCE COVERAGE TO THE KINGMAN HOSPITAL, INC D/B/A KINGMAN REGIONAL MEDICAL CENTER. KINGMAN HOSPITAL, INC IS AN ARIZONA CORPORATION AND HAS BEEN RECOGNIZED AS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHWESTERN ARIZONA REGIONAL INSURANCE COMPANY PROVIDES PROFESSIONAL LIABILITY, GENERAL LIABILITY, EMPLOYMENT PRACTICES LIABILITY, AND DIRECTORS AND OFFICERS' INSURANCE COVERAGE PURSUANT TO THE PROVISIONS OF ARIZONA REVISED STATUTES 20-1098. THE COMPANY CURRENTLY PROVIDES INSURANCE COVERAGE TO THE KINGMAN HOSPITAL, INC D/B/A KINGMAN REGIONAL MEDICAL CENTER. KINGMAN HOSPITAL, INC IS AN ARIZONA CORPORATION AND HAS BEEN RECOGNIZED AS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS A WHOLLY-OWNED SUBSIDIARY OF THE KINGMAN HOSPITAL, INC. ITS ACTIVITIES WERE FUNDED THROUGH A CONTRIBUTION FROM KINGMAN HOSPITAL, INC. THE COMPANY IS LOCATED IN PHOENIX, AZ AND IS GOVERNED BY A BOARD OF DIRECTORS, WHILE DAILY OPERATIONS ARE CONDUCTED BY AN ADMINISTRATOR,(CONT. ON SCH O)ASHTON TIFFANY, LLC, IN EXCHANGE FOR AN ANNUAL FEE. SERVICES PROVIDED BY THE ADMINISTRATOR INCLUDE UNDERWRITING, POLICY ISSUANCE, ACCOUNTING, RECORD-KEEPING, REGULATORY LIAISON, AND NEW PROGRAM DEVELOPMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coral Lloyd Secretary | OfficerTrustee | 1 | $0 |
Will Mcconnell CEO (thru 6/20/22) | OfficerTrustee | 1 | $0 |
Christina Demambro Treasurer | OfficerTrustee | 1 | $0 |
James Baker Vice President | OfficerTrustee | 1 | $0 |
Krystal Burge President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,019,892 |
| Investment income | $314,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,666 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,364,262 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $47,272 |
| Fees for services: Legal | $616 |
| Fees for services: Accounting | $14,682 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,446 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,334,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,434 |
| Savings and temporary cash investments | $1,623,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $332,343 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,543,618 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,005 |
| Total assets | $16,002,570 |
| Accounts payable and accrued expenses | $16,659 |
| Grants payable | $0 |
| Deferred revenue | $332,343 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,748,125 |
| Total liabilities | $6,097,127 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $650,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $9,255,443 |
| Total liabilities and net assets/fund balances | $16,002,570 |