INSURANCE ASSOCIATION OF CONNECTICU

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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

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

Program Service Accomplishments

Program 1

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%)

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

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

$284,942

Total Directors

Key Employees

$182,269

Highest Compensated

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