NEW HAMPSHIRE ASSOCIATION OF INSURANCE AGENTS

EIN: 020207161

CONCORD, NH

Total Revenue
$550,118
Total Expenses
$589,448
Total Assets
$1,302,682
Net Assets
$1,205,594
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1932
Legal Domicile
NH
Principal Officer
JOAN PAGEAU
Phone
6032243965
Tax Period
2024-09-01 to 2025-08-31

NEW HAMPSHIRE ASSOCIATION OF INSURANCE AGENTS, founded in 1932, is a small nonprofit that reported $550K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $1.2M represent 26 months of operating reserves.

Mission

TO PROMOTE AND PERPETUATE THE INDEPENDENT INSURANCE AGENCY SYSTEM BY PROVIDING SUPERIOR SERVICES AND PRODUCTS TO ENHANCE THE PROFESSIONALISM OF OUR MEMBERS. THE ORGANIZATION PROVIDES EDUCATIONAL PROGRAMS TO APPROXIMATELY 180 MEMBERS, HOLDS SEMI-ANNUAL AND ANNUAL MEETINGS TO PROMOTE THE INSURANCE PROFESSION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $498,404
Investment Income $4,051
Other Revenue $47,663
TOTAL REVENUE $550,118

Expense Breakdown

Grants Paid $0
Salaries & Benefits $463,589
Fundraising Expenses $0
Program Expenses $123,302
Other Expenses $125,859
TOTAL EXPENSES $589,448

Year-over-Year Comparison

2024 2023 Change
Revenue $550,118 $586,794 -0.1%
Expenses $589,448 $525,088 +0.1%
Net Income $-39,330 $61,706 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
4
Volunteers
107

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$170,022
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA AKERLEY CHAIR OF THE 1.00
Officer Director
$0 $0 $0
KEITH BEAUSOLEIL CHAIRMAN-ELE 1.00
Officer Director
$0 $0 $0
LEO PAQUIN NATIONAL DIR 1.00
Officer Director
$0 $0 $0
KEITH YOUNG VICE CHAIRMA 1.00
Officer Director
$0 $0 $0
MARK COTE MEMBER 1.00
Director
$0 $0 $0
ALI SHEA MEMBER 1.00
Director
$0 $0 $0
EDUARD VIEL MEMBER 1.00
Director
$0 $0 $0
DEBRA MOCHI MEMBER 1.00
Director
$0 $0 $0
STEPHANIE LAMERE MEMBER 1.00
Director
$0 $0 $0
TYLER HALSTEAD MEMBER 1.00
Director
$0 $0 $0
THOMAS O'DOWD MEMBER 1.00
Director
$0 $0 $0
KIMBERLY WOOD MEMBER 1.00
Director
$0 $0 $0
EDWARD YOUNG MEMBER 1.00
Director
$0 $0 $0
JOAN PAGEAU PRESIDENT 35.00
Officer
$147,410 $22,612 $170,022
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $550,118 $589,448 $1,302,682 $-39,330
2024 $586,794 $525,088 $1,357,071 $61,706
2023 $706,949 $625,420 $1,331,156 $81,529
2022 $644,627 $563,539 $1,259,818 $81,088
2021 $728,870 $533,875 $1,220,557 $194,995
2020 $705,313 $620,591 $1,039,225 $84,722
2019 $739,112 $688,791 $946,960 $50,321
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