Civic Intelligence

County Risk Services Inc

990 • Fiscal year 2020 • EIN 83-0814426

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 20, 2021

100 North Jackson StreetMontgomery, AL 36104

(334) 394-3232

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.57x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

51st percentile

0.16x

Higher debt load relative to revenue than 51% of similar nonprofits.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2020

Net Margin

44th percentile

5.1%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

83rd percentile

$251,165

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2020

Asset Growth

84th percentile

30%

Faster asset growth than 84% of similar nonprofits.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

65th percentile

12%

Faster revenue growth than 65% of similar nonprofits.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,533,322

Up $358,050 (+30%) from 2019

Net Assets

Up

$659,376

Up $283,572 (+75%) from 2019

Liabilities

Up

$873,946

Up $74,478 (+9.3%) from 2019

Revenue

Up

$5,563,762

Up $605,503 (+12%) from 2019

Expenses

Up

$5,280,190

Up $697,735 (+15%) from 2019

Net Income

Down

$283,572

Down $92,232 (-25%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2019: $1,175,272Liabilities 2019: $799,468Net Assets 2019: $375,8042019Assets 2020: $1,533,322Liabilities 2020: $873,946Net Assets 2020: $659,3762020Assets 2021: $2,042,257Liabilities 2021: $1,371,230Net Assets 2021: $671,0272021Assets 2022: $2,585,043Liabilities 2022: $1,894,346Net Assets 2022: $690,6972022Assets 2023: $2,599,775Liabilities 2023: $1,818,551Net Assets 2023: $781,2242023Assets 2024: $2,612,594Liabilities 2024: $1,720,783Net Assets 2024: $891,8112024

Highlighted filing

2020

Assets$1,533,322
Liabilities$873,946
Net Assets$659,376

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2019: $4,958,259Expenses 2019: $4,582,455Net Income 2019: $375,8042019Revenue 2020: $5,563,762Expenses 2020: $5,280,190Net Income 2020: $283,5722020Revenue 2021: $4,936,557Expenses 2021: $4,924,906Net Income 2021: $11,6512021Revenue 2022: $5,325,520Expenses 2022: $5,305,850Net Income 2022: $19,6702022Revenue 2023: $5,651,069Expenses 2023: $5,560,542Net Income 2023: $90,5272023Revenue 2024: $6,724,048Expenses 2024: $6,613,461Net Income 2024: $110,5872024

Highlighted filing

2020

Revenue$5,563,762
Expenses$5,280,190
Net Income$283,572
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 20, 2021
Return Version
2020v4.0
Gross Receipts
$5,563,762
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$675,272$926,023▲ $250,751
Rtn Earn Endowment Incm Other Fnds$375,804$659,376▲ $283,572
Land, Buildings, and Equipment, Net-$74,826-
Prepaid Expenses and Deferred Charges-$32,473-
Total Assets$1,175,272$1,533,322▲ $358,050
Other Assets Total$500,000$500,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$299,468$755,331▲ $455,863
Other Liabilities$500,000$118,615▼ $381,385
Total Liabilities$799,468$873,946▲ $74,478
Net Assets / Fund Balance
Total Net Assets Fund Balance$375,804$659,376▲ $283,572
Total Liabilities and Net Assets / Fund Balance$1,175,272$1,533,322▲ $358,050

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$58,751$2,554$61,305
Equipment$16,075$456$16,531
Other Assets Org$500,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark MaconEmployeeFT$108,901$26,000$134,901
Morgan ArringtonSecretary--$121,606$121,606
Mary Kay FrazeVice PresideFT$97,368$9,695$107,063
Lauren WestbrookTreasurer--$96,812$96,812

Board Members and Trustees

NameTitle
Robert D BrasfieldPresident
Chris GreenDirector
Richie BeyerDirector
Ricky HarcrowDirector
Tony CherryDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,560,882
Investment Income
$2,880
Other Revenue
$0
Change in Net Assets
$283,572

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,563,762
Total Revenue per Audited Statements
$5,563,762
Total Revenue per Form 990
$5,563,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,574,199
Salaries, Compensation, and Employee Benefits$1,705,991
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,207,756$213,133-$1,420,889
Other Employee Benefits$161,004$28,412-$189,416
Occupancy$114,740$20,248-$134,988
Fees for Services Accounting$106,007$18,707-$124,714
Payroll Taxes$81,333$14,353-$95,686
Travel$28,836$5,089-$33,925
Office Expenses-$25,071-$25,071
All Other Expenses$7,606$15,306-$22,912
Insurance$17,635$3,112-$20,747
Other Expenses$16,486$17,129-$17,129
Advertising-$5,139-$5,139
Depreciation Depletion-$3,010-$3,010
Total Functional Expenses$4,903,540$376,650$0$5,280,190

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,280,190
Total Expenses per Audited Statements$5,280,190
Total Expenses per Form 990$5,280,190
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Liabilities$118,615
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

The board shall consist of five persons. The members of the board of directors shall include two persons appointed by the board of trustees of the association of county commissions of alabama self-insurers fund; two persons appointed by the board of trustees of the association of county commissions of alabama liability self-insurance fund, inc; and the executive director of the association of county commissions of alabama.

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the president. No review was or will be conducted by the organization's governing body.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
County Risk Services Inc
EIN
83-0814426
Phone
3343943232
Address
100 NORTH JACKSON STREET, MONTGOMERY, AL 36104

Signing Officer

Name
Robert D Brasfield
Title
President
Phone
3343943232
Signed
2021-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert D Brasfield
Formed
2018
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
5
Employees
23

Preparer

Firm
Aldridge Borden & Company Pc
Address
74 COMMERCE STREET, MONTGOMERY, AL 36104
Preparer
William L Cox CPA
Phone
3348346640
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization implemented the accounting requirements associated with uncertainty in income taxes under current accounting standards. Under those standards, tax positions initially need to be recognixed in the financial statements when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. The standards also provide guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosures, and transition. As of december 31, 2020, the organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.

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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02554
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSIT WITH LOCAL GOVT HLTH INS BD
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED LIABILITIES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IMPLEMENTED THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES UNDER CURRENT ACCOUNTING STANDARDS. UNDER THOSE STANDARDS, TAX POSITIONS INITIALLY NEED TO BE RECOGNIXED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. THE STANDARDS ALSO PROVIDE GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURES, AND TRANSITION. AS OF DECEMBER 31, 2020, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0500000
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IRS990ScheduleD/TotalLiabilityAmt0118615
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt016518
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011306
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT D BRASFIELD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0251165
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD SHALL CONSIST OF FIVE PERSONS. THE MEMBERS OF THE BOARD OF DIRECTORS SHALL INCLUDE TWO PERSONS APPOINTED BY THE BOARD OF TRUSTEES OF THE ASSOCIATION OF COUNTY COMMISSIONS OF ALABAMA SELF-INSURERS FUND; TWO PERSONS APPOINTED BY THE BOARD OF TRUSTEES OF THE ASSOCIATION OF COUNTY COMMISSIONS OF ALABAMA LIABILITY SELF-INSURANCE FUND, INC; AND THE EXECUTIVE DIRECTOR OF THE ASSOCIATION OF COUNTY COMMISSIONS OF ALABAMA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE PRESIDENT. NO REVIEW WAS OR WILL BE CONDUCTED BY THE ORGANIZATION'S GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0OF ALABAMA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDU SVC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02 N JACKSON ST
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IRS990/TotalReportableCompFromOrgAmt0206269
IRS990/TotalRevenueGrp/ExclusionAmt02880
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IRS990/USAddress/CityNm0MONTGOMERY
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT D BRASFIELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03343943232
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COUNTY RISK SERVICES INC
ReturnHeader/Filer/BusinessNameControlTxt0COUN
ReturnHeader/Filer/EIN0830814426
ReturnHeader/Filer/PhoneNum03343943232
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 NORTH JACKSON STREET
ReturnHeader/Filer/USAddress/CityNm0MONTGOMERY

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