Alabama Self-Insurers Association
- Assets
- $419.2k
- Revenue
- $323.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 63-1074482
Organization Overview
Alabama Self-Insurers Association is located in Montgomery, AL. The organization was established in 1996. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Self-Insurers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Alabama Self-Insurers Association generated $323.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $295.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT THE INTERESTS OF EMPLOYERS IN ALABAMA WHO SELF-INSURE WORKERS' COMPENSATION COVERAGE ON THEIR EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO KEEP MEMBERS INFORMED OF PENDING LITIGATION, CHANGES IN LAWS AND REGULATIONS, AND OTHER MATTERS OF INTEREST.
TO PROVIDE SELF-INSURERS EDUCATIONAL SEMINARS ON ISSUES RELATED TO WORKERS COMPENSATION INSURANCE AND MANAGEMENT OF RELATED RISKS.
TO PROVIDE FORUM FOR MEMBERS TO DEVELOP THEIR SKILLS AND EXPERTISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Brown President | OfficerTrustee | 0 | $0 |
Randal Ward Treasurer | OfficerTrustee | 0 | $0 |
Chris Alexander Vice President | OfficerTrustee | 0 | $0 |
Carol Davis Secretary | OfficerTrustee | 0 | $0 |
Connie Cox Past President | OfficerTrustee | 0 | $0 |
Charles Carr Executive Director | OfficerTrustee | 0 | $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 | $307,969 |
| Investment income | $8,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,738 |
| Net Income from Fundraising Events | $1,019 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $323,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $108,180 |
| Fees for services: Legal | $2,984 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $15,035 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,855 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,022 |
| Information technology | $3,211 |
| Royalties | $0 |
| Occupancy | $396 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150,003 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,860 |
| All other expenses | $713 |
| Total functional expenses | $295,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,125 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $351,057 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $419,182 |
| Accounts payable and accrued expenses | $100 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $100 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $419,082 |
| Total liabilities and net assets/fund balances | $419,182 |
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Mount Sinai Hospital Insurance Trust No 1 Miami Beach, FL | $244,139 | $16,605,515 |
Alabama Farmers Cooperative Employees Welfare Benefit Plan Decatur, AL | $562,417 | $15,709,334 |
Bush Brothers & Company Employees Benefit Tr Knoxville, TN | $646,705 | $13,680,587 |
Thompson Tractor Co Inc Employee Benefit Trust Birmingham, AL | $5,674,629 | $15,989,582 |
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