PROFESSIONAL INSURANCE AGENTS OF CT (EIN 066075001) - 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

1953

Legal Domicile

Principal Officer

JEFF PARMENTER

Phone

5184343111

Tax Period

2025-01-01 to 2025-12-31

PROFESSIONAL INSURANCE AGENTS OF CT, founded in 1953, is a small nonprofit that reported $434K in total revenue in fiscal year 2025. Expenses of $492K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROMOTING THE INDEPENDENT INSURANCE AGENCY SYSTEM THROUGH EDUCATIONAL AND PROMOTIONAL PROGRAMS THROUGHOUT THE STATE OF CONNECTICUT.

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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 $0

Program Service Revenue $375,030

Investment Income $59,350

Other Revenue $0

TOTAL REVENUE $434,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $491,852

TOTAL EXPENSES $491,852

Year-over-Year Comparison

	2025	2024	Change
Revenue	$434,380	$455,645	0.0%
Expenses	$491,852	$507,325	0.0%
Net Income	$-57,472	$-51,680	+0.1%

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
SCOTT BURNS	DIRECTOR	1.00	Director	$0	$0	$0
RYAN KELLY	DIRECTOR	1.00	Director	$0	$0	$0
NICK KHAMARJI JR	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY DESALVA	DIRECTOR	1.00	Director	$0	$0	$0
NICK RUICKOLDT CPIA	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
J KYLE DOUGHERTY CIC	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
JAMES R BERLINER CPCU	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
MARK CONNELLY CIC	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
JOHN V DIMATTEO CFP AIF	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
PETER FRASCARELLI CPIA	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
MICHAEL F KEATING	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
HOWARD S OLDERMAN	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
BUD O'NEIL CPIA	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
GERARD PRAST CPIA	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
SHANNON RABBETT CIC	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
AUGUSTO RUSSELL CIC	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
TIMOTHY G RUSSELL CPCU	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
JUSTIN SLOAN	YIP LIASON	1.00	Director	$0	$0	$0
JONATHAN T BLACK LUTCF CPIA CLTC	NATIONAL DIRECTOR	1.00	Director	$0	$0	$0
KEVIN P MCKIERNAN CIC CPIA	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATIE BAILEY CPIA ACSR CLCS	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
KIMBERLY A TOMPKINS CIC AIS AINS	TREASURER	1.00	Officer Director	$0	$0	$0
JEFFREY A KRAR	SECRETARY	1.00	Officer 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	$434,380	$491,852	$2,442,761	$-57,472
2024	No data	No data	No data	No data
2023	$431,870	$512,611	$2,297,520	$-80,741
2022	$395,396	$483,863	$2,260,507	$-88,467
2021	$440,748	$424,800	$2,546,578	$15,948
2020	$488,170	$460,205	$2,463,279	$27,965
2019	$530,377	$546,031	$2,186,949	$-15,654
2018	$553,794	$564,981	$2,011,563	$-11,187

PROFESSIONAL INSURANCE AGENTS OF CT