INSURANCE ASSOCIATION OF CONNECTICU

EIN: 060728625

HARTFORD, CT

Total Revenue
$1,064,250
Total Expenses
$1,078,425
Total Assets
$1,390,949
Net Assets
$963,231
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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
1970
Legal Domicile
CT
Principal Officer
ERIC GEORGE
Phone
8605470610
Tax Period
2025-01-01 to 2025-12-31

INSURANCE ASSOCIATION OF CONNECTICU, founded in 1970, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2025.

Mission

REPRESENTS INSURANCE COMPANIES IN THE AREA OF GOVERNMENTAL AND PUBLIC RELATIONS

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,063,735
Program Service Revenue $0
Investment Income $515
Other Revenue $0
TOTAL REVENUE $1,064,250

Expense Breakdown

Grants Paid $0
Salaries & Benefits $687,584
Fundraising Expenses $0
Other Expenses $390,841
TOTAL EXPENSES $1,078,425

Year-over-Year Comparison

2025 2024 Change
Revenue $1,064,250 $1,075,993 0.0%
Expenses $1,078,425 $1,035,589 +0.0%
Net Income $-14,175 $40,404 -1.4%
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

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Governance

Voting Members
37
Independent Members
37
Employees
4
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
1
$284,942
Total Directors
0
$0
Key Employees
1
$182,269
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC GEORGE PRESIDENT 50.00
Officer
$261,281 $23,661 $284,942
BROOKE FOLEY COUNSEL 40.00
Key Emp
$171,983 $10,286 $182,269
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 $1,064,250 $1,078,425 $1,390,949 $-14,175
2024 $1,075,993 $1,035,589 $1,467,147 $40,404
2023 $1,067,835 $908,699 $1,131,060 $159,136
2022 $1,071,433 $838,178 $983,485 $233,255
2021 $1,093,521 $808,450 $805,669 $285,071
2020 $983,898 $797,905 $429,703 $185,993
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