SOCIETY OF INSURANCE FINANCIAL MANAGEMENT

EIN: 116037615

CALDWELL, NJ

Total Revenue
$215,603
Total Expenses
$231,420
Total Assets
$60,332
Net Assets
$47,489
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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
1959
Legal Domicile
NJ
Principal Officer
YELENA LAFORGIA
Phone
9733036297
Tax Period
2024-01-01 to 2024-12-31

SOCIETY OF INSURANCE FINANCIAL MANAGEMENT, founded in 1959, is a small nonprofit that reported $216K in total revenue in fiscal year 2024.

Mission

TRUSTED RESOURCE FOR INSURANCE FINANCIAL PROFESSIONALS AND FORUM TO LEARN ABOUT EMERGING TRENDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $201,724
Investment Income $10
Other Revenue $13,869
TOTAL REVENUE $215,603

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $231,420
TOTAL EXPENSES $231,420

Year-over-Year Comparison

2024 2023 Change
Revenue $215,603 $202,669 +0.1%
Expenses $231,420 $207,899 +0.1%
Net Income $-15,817 $-5,230 +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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
17

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
2
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YELENA LAFORGIA PRESIDENT 1.25
Officer Director
$0 $0 $0
JAYME MALIMBAN BOARD MEMBER 0.25
Director
$0 $0 $0
SEAN W EGAN BOARD MEMBER 0.25
Director
$0 $0 $0
MICHAEL J CASTELLI BOARD MEMBER 0.25
Director
$0 $0 $0
LAURIE L HARRIS BOARD MEMBER 0.25
Director
$0 $0 $0
PAUL MALLEN BOARD MEMBER 0.25
Director
$0 $0 $0
CHRISTOPHER MCNULTY BOARD MEMBER 0.25
Director
$0 $0 $0
MATTHEW TIERNEY BOARD MEMBER 0.25
Director
$0 $0 $0
JOHN YOON BOARD MEMBER 1.25
Director
$0 $0 $0
ELAINE LEHNERT BOARD MEMBER 0.25
Director
$0 $0 $0
SARAH SHELDON BOARD MEMBER 0.75
Director
$0 $0 $0
RUSSEL SOMMERS VICE PRESIDENT 1.25
Officer Director
$0 $0 $0
DANA D'AMELIO BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN SWANICK BOARD MEMBER 0.75
Director
$0 $0 $0
FLORIE BOURREL-HELEINE BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELE LANDON BOARD MEMBER 0.50
Director
$0 $0 $0
LUCY LILLYCORP BOARD MEMBER 1.00
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
2024 $215,603 $231,420 $60,332 $-15,817
2023 $202,669 $207,899 $70,855 $-5,230
2022 $181,896 $168,679 $74,542 $13,217
2021 $67,371 $76,121 $61,703 $-8,750
2020 $23,608 $71,169 $74,744 $-47,561
2019 $185,789 $189,353 $130,691 $-3,564
2018 $122,287 $146,192 $138,962 $-23,905
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