PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC (EIN 030477063) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

GREGORY E SATHER

Phone

8666947070

Tax Period

2024-07-01 to 2025-06-30

PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $524K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $503K left a modest 4% surplus.

Mission

THE MISSION OF THE PROFESSIONAL INSURANCE AGENTS OF MINNESOTA SHALL BE TO PROVIDE AN INFORMATION AND EDUCATIONAL NETWORK, PRODUCT SUPPORT AND ADVOCACY FOR MINNESOTA'S PROFESSIONAL INDEPENDENT AGENTS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $83,169

Program Service Revenue $332,623

Investment Income $21,293

Other Revenue $87,203

TOTAL REVENUE $524,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,805

Fundraising Expenses $0

Program Expenses $488,356

Other Expenses $250,790

TOTAL EXPENSES $502,595

Year-over-Year Comparison

	2024	2023	Change
Revenue	$524,288	$578,079	-0.1%
Expenses	$502,595	$520,796	0.0%
Net Income	$21,693	$57,283	-0.6%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$145,465

Total Directors

$145,465

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN KARKI	PRESIDENT	0.25	Director	$0	$0	$0
DENNIS OVERLAND	NATIONAL DIRECTOR	0.25	Director	$0	$0	$0
KIM EGGERS	SECRETARY	0.25	Director	$0	$0	$0
JASON ZATTLER	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTINE STANG	DIRECTOR	0.25	Director	$0	$0	$0
GREGORY SATHER	EXECUTIVE VP	50.00	Officer Director	$145,465	$0	$145,465

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	$524,288	$502,595	$1,702,007	$21,693
2024	$578,079	$520,796	$1,680,314	$57,283
2023	$509,506	$422,394	$1,623,031	$87,112
2022	$483,190	$467,908	$1,535,919	$15,282
2021	$492,647	$382,790	$1,520,637	$109,857
2020	$466,073	$428,657	$1,445,127	$37,416
2019	$450,942	$427,431	$1,373,364	$23,511

PROFESSIONAL INSURANCE AGENTS OF MINNESOTA INC