Local Government Insurance Cooperative

Organization Overview

Local Government Insurance Cooperative is located in Hendersonville, TN. The organization was established in 2003. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. Local Government Insurance Cooperative 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 06/2019, Local Government Insurance Cooperative generated $18.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (48.3%) each year. All expenses for the organization totaled $406.2k during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

GOVERNMENT ENTITY RISK POOL

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED A WAY FOR GOVERNMENT ENTITIES TO POOL THEIR FUNDS TO PROTECT AGAINST WORKERS' COMPENSATION LOSSES THROUGH MEMBER CONTRIBUTIONS AND TO REDUCE ADMINISTRATIVE EXPENSES THROUGH ECONOMIES OF SCALE, INCLUDING ADMINISTRATION FEES PAID TO PROCESS PREMIUMS AND INJURY CLAIMS.


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Board, Officers & Key Employees

Name (title)Compensation
Debbie Green
Chairman
$0
Ben Andrews
Vice-Chairman
$0
Jimmy Woodson
Director
$0
Rhea Taylor
Director
$0
Cheryl Lewis-Smith
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $18,003
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,003

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