Guthrie Risk Retention Group
- Assets
- $65.5m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 20-1090801
Organization Overview
Guthrie Risk Retention Group is located in Charleston, SC. The organization was established in 2006. According to its NTEE Classification (F11) the organization is classified as: Single Organization Support, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guthrie Risk Retention Group 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 12/2022, Guthrie Risk Retention Group generated $9.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
OPERATES AS A RISK RETENTION GROUP UNDER THE FEDERAL LIABILITY RISK RETENTION ACT OF 1986 TO THE GUTHRIE CLINIC & AFFILIATES; AN IRC 501(C)(3) TAX-EXEMPT HEALTHCARE DELIVERY SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN OPERATING AS A RISK RETENTION GROUP UNDER THE FEDERAL LIABILITY RISK RETENTION ACT OF 1986 TO THE GUTHRIE CLINIC AND AFFILIATES; AN IRC SECTION 501(C)(3) TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edmund Sabanegh MD MBA President - Director | OfficerTrustee | 55 | $0 |
Matthew Huff CPA Treasurer - Director | OfficerTrustee | 55 | $0 |
James A Scott MD Director | Trustee | 55 | $0 |
Eileen Lampe Director (term 3/22/22) | Trustee | 55 | $0 |
Kenneth R Levitzky ESQ Vice President - Director | Trustee | 1 | $0 |
Gavin Foggon Secretary - Director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kane Pugh Knoell Troy And Krame Legal | 12/30/22 | $492,411 |
Marhsalldenneheywarnercolemango Legal | 12/30/22 | $230,176 |
Smith Sovik Kendrick And Sugnet Legal | 12/30/22 | $194,859 |
Sedgwick Claims Management Services Claims Tpa | 12/30/22 | $112,149 |
Schroders Investment Management Inc Investment Mgmt. | 12/30/22 | $142,424 |
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 | $9,445,518 |
| Investment income | $786,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,031,901 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,200,162 |
| 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 | $93,641 |
| Fees for services: Legal | $43,799 |
| Fees for services: Accounting | $32,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,282 |
| 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 | $1,643,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $878,863 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,555,055 |
| 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 | $109,016 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $58,914,820 |
| Intangible assets | $0 |
| Other assets | $998,652 |
| Total assets | $65,456,406 |
| Accounts payable and accrued expenses | $140,328 |
| 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 | $37,999,667 |
| Total liabilities | $38,139,995 |
| 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 | $2,000,000 |
| Retained earnings, endowment, accumulated income, or other funds | $25,316,411 |
| Total liabilities and net assets/fund balances | $65,456,406 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guthrie Risk Retention Group Charleston, SC | $65,456,406 | $9,200,162 |
Nc Survivors Union Inc Greensboro, NC | $313,124 | $794,284 |
Highland Rivers Foundation Inc Dalton, GA | $3,913,790 | $76,365 |
River Edge Foundation Inc Macon, GA | $7,268,366 | $737,661 |
Right Hand Foundation Inc Atlanta, GA | $389,216 | $146,905 |
Include - The Mental Health Initiative Inc Asheville, NC | $152,120 | $0 |
Triangle Club Inc Atlanta, GA | $136,267 | $138,889 |
Mental Health Heroes Mount Pleasant, SC | $247,459 | $137,182 |
Whirlidogs Training Center Inc Wilson, NC | $303,459 | $0 |
Laps For Luis Dalton, GA | $2,686 | $28,271 |
Game Changers Foundation Inc Atlanta, GA | $9,311 | $0 |
Dare Massachusetts Inc Myrtle Beach, SC | $0 | $24,500 |
Confidently Learn To Live Inc Guyton, GA | $400 | $0 |
Clarendon County Disabilities And Special Needs Foundation Manning, SC | $124,807 | $0 |
Chamblee Cares Decatur, GA | $642 | $0 |
Nevaeh Consulting Community Counseling And Outreach McDonough, GA | $0 | $0 |
Zapps Foundation Shelby, NC | $100,000 | $0 |
Arhs Properties Inc Boone, NC | $0 | $0 |