NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL AGENTS OF MASSACHUSETTS (EIN 041105457) - 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

1931

Legal Domicile

Principal Officer

BRADFORD KADELSKI

Phone

8882664381

Tax Period

2025-01-01 to 2025-12-31

NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL AGENTS OF MASSACHUSETTS, founded in 1931, is a small nonprofit that reported $122K in total revenue in fiscal year 2025. Expenses of $112K left a modest 9% surplus.

Mission

ADVOCATE FOR A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT, ENHANCE BUSINESS AND PROFESSIONAL SKILLS AND PROMOTE THE ETHICAL CONDUCT OF OUR MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $113,474

Program Service Revenue $8,849

Investment Income $0

Other Revenue $0

TOTAL REVENUE $122,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,058

Other Expenses $111,868

TOTAL EXPENSES $111,868

Year-over-Year Comparison

	2025	2024	Change
Revenue	$122,323	$125,679	0.0%
Expenses	$111,868	$136,406	-0.2%
Net Income	$10,455	$-10,727	-2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
O'GARA JOSHUA	PRESIDENT	001.00	Officer Director	$0	$0	$0
BURG DAVID	IMMED. PAST PRESIDENT	001.00	Officer Director	$0	$0	$0
SACHS ADAM	VP - MEMBERSHIP	001.00	Officer Director	$0	$0	$0
BERARD MATT	VP - GOVT RELATIONS	001.00	Officer Director	$0	$0	$0
KADELSKI BRADFORD	TREASURER	001.00	Officer Director	$0	$0	$0
ELCOCK MIKE	SECRETARY	001.00	Officer Director	$0	$0	$0
SACHS ADAM	NATIONAL COMMITTEE PERSON	001.00	Director	$0	$0	$0
NOU RITH	DIRECTOR	001.00	Director	$0	$0	$0
TARR CONNELL	DIRECTOR	001.00	Director	$0	$0	$0
SECHOKA PETER	DIRECTOR	001.00	Director	$0	$0	$0
MARINO ADAM	DIRECTOR	001.00	Director	$0	$0	$0
VAN ARSDALE JIM	DIRECTOR	001.00	Director	$0	$0	$0

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	$122,323	$111,868	$83,457	$10,455
2024	No data	No data	No data	No data
2023	$121,742	$114,328	$83,537	$7,414
2022	$131,394	$141,151	$75,600	$-9,757
2021	$101,191	$84,129	$89,286	$17,062
2020	$104,195	$106,620	$72,224	$-2,425
2019	$108,694	$92,899	$85,814	$15,795
2018	$112,616	$115,783	$69,465	$-3,167

NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL AGENTS OF MASSACHUSETTS