Comprehensive Health Insurance Association

Nonprofit profile at a glance

EIN
920144231
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
San Antonio, TX, USA
Phone
8882779133
Rating confidence
Limited

Official website

Reported finances

Revenue
$171,726,054
Expenses
$148,404,066
Assets
$199,148,793
Liabilities
$69,406,743

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • DEBBIE MCCORMICK (EXECUTIVE DIRECTOR)

Highest reported compensation

  • DEBBIE MCCORMICK (EXECUTIVE DIRECTOR): $150,046 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide health insurance to Alaska residents who are considered high health risk and otherwise unable to obtain adequate insurance.

What it reported doing in 2024

The Alaska reinsurance program was formed to add stability to the individual health insurance market in Alaska and encourage participation by insurers in the individual insurance market in Alaska by providing a mechanism to insurers issuing policies in the individual market in Alaska that cover high risk individuals.

Operating model

Revenue model
Grant-funded. 82% of the money available for current operations came from government grants.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 70
  • Accountability: 90
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 13.6%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 1.34; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 0.1%; rating input score 93; 93rd percentile among comparable filings

Growth

  • Program expense growth: 37.3% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 17.6% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 22.7% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $150K · 8 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $807K reported
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.