COUNCIL OF INSURANCE AGENTS AND BROKERS (EIN 131952497) - 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

1913

Legal Domicile

Principal Officer

KEN A CRERAR

Phone

2027834400

Tax Period

2023-01-01 to 2023-12-31

COUNCIL OF INSURANCE AGENTS AND BROKERS, founded in 1913, is a mid-sized nonprofit that reported $27.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $23.4M left a modest 14% surplus.

Mission

THE COUNCIL PROMOTES THE INTERESTS OF ITS MEMBERS, WHO COMPRISE LEADING INSURANCE AGENCIES AND BROKERAGE FIRMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $24,067,174

Investment Income $876,431

Other Revenue $2,342,236

TOTAL REVENUE $27,285,841

Expense Breakdown

Grants Paid $197,801

Salaries & Benefits $10,653,711

Fundraising Expenses $0

Other Expenses $12,589,301

TOTAL EXPENSES $23,440,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,285,841	$23,670,266	+0.2%
Expenses	$23,440,813	$19,530,498	+0.2%
Net Income	$3,845,028	$4,139,768	-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

Volunteers

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

$3,339,450

Total Directors

Key Employees

$2,400,626

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT J KLONK	CHAIR	0.30	Officer Director	$0	$0	$0
KEITH SCHULER	VICE CHAIR	0.30	Officer Director	$0	$0	$0
JOHN HOWARD	SECRETARY	0.30	Officer Director	$0	$0	$0
ANDREW BARRENGOS	TREASURER	0.30	Officer Director	$0	$0	$0
KATE ARMFIELD	DIRECTOR	0.30	Director	$0	$0	$0
BRENDA BALLARD AUSTENFELD	DIRECTOR	0.30	Director	$0	$0	$0
JIM BAILEY	DIRECTOR	0.30	Director	$0	$0	$0
CHRIS BOONE	DIRECTOR	0.30	Director	$0	$0	$0
POWELL BROWN	DIRECTOR	0.30	Director	$0	$0	$0
TARUN CHOPRA	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL CHRISTIAN	DIRECTOR	0.30	Director	$0	$0	$0
KEN EWELL	DIRECTOR	0.30	Director	$0	$0	$0
WALTER FAWCETT	DIRECTOR	0.30	Director	$0	$0	$0
DOUG HAMMOND	DIRECTOR	0.30	Director	$0	$0	$0
BOB HARRISON	DIRECTOR	0.30	Director	$0	$0	$0
JIM HENDERSON	DIRECTOR	0.30	Director	$0	$0	$0
JOCHEN KOEMER	DIRECTOR	0.30	Director	$0	$0	$0
ERIC LEAVITT	DIRECTOR	0.30	Director	$0	$0	$0
HIRAM MARRERO	DIRECTOR	0.30	Director	$0	$0	$0
KERRY MORRIS	DIRECTOR	0.30	Director	$0	$0	$0
JOHN PLUMMER	DIRECTOR	0.30	Director	$0	$0	$0
WILLIAM PRIDGEON	DIRECTOR	0.30	Director	$0	$0	$0
SCOTT PURVIANCE	DIRECTOR	0.30	Director	$0	$0	$0
CLINT SCOTT	DIRECTOR	0.30	Director	$0	$0	$0
MARY BETH SULLIVAN	DIRECTOR	0.30	Director	$0	$0	$0
JOHN TALLARIDA	DIRECTOR	0.30	Director	$0	$0	$0
JACQUES VERLINGUE	DIRECTOR	0.30	Director	$0	$0	$0
MIKE VICTORSON	DIRECTOR	0.30	Director	$0	$0	$0
KATE BANG	DIRECTOR	0.30	Director	$0	$0	$0
CYNTHIA BEVERIDGE	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL CHANG	DIRECTOR	0.30	Director	$0	$0	$0
JOHN ELTHAM	DIRECTOR	0.30	Director	$0	$0	$0
PETER GRUENBERG	DIRECTOR	0.30	Director	$0	$0	$0
PETER KRAUSE	DIRECTOR	0.30	Director	$0	$0	$0
JEFF RODRIGUEZ	DIRECTOR	0.30	Director	$0	$0	$0
TOM HUGHSTON	DIRECTOR	0.30	Director	$0	$0	$0
KEN A CRERAR	CEO	35.63	Officer	$1,683,895	$55,334	$1,827,855
JOEL R WOOD	PRESIDENT	37.50	Officer	$951,199	$88,859	$1,040,058
BENITA HARRISON-WICKLINE	CHIEF FINANCIAL OFFICER	35.63	Officer	$376,630	$75,084	$471,537
CATHERINE RICHARDSON	CHIEF OPERATING OFFICER	37.50	Key Emp	$715,847	$77,206	$793,053
JOEL KOPPERUD	SVP, GOVERNMENT AFFAIRS	37.50	Key Emp	$411,141	$57,853	$468,994
ELIZABETH MCDAID	SVP, LEADERSHIP & MGMT	36.37	Key Emp	$343,505	$70,335	$431,920
SUSAN RUSHFORD	SVP, MKTG & COMM	35.63	Key Emp	$357,072	$65,660	$433,775
PAULA STALEY	SVP, MEETINGS	37.50	Key Emp	$206,760	$66,124	$272,884
BETH MCMAHON	VP, PEOPLE CULTURE	37.50	Highest	$263,183	$50,568	$313,751
BLAIRE BARTLETT	VP, GOVERNMENT & POLITICAL AFFAIRS	37.50	Highest	$255,733	$49,039	$304,772
LINDSAY DAMES	VP, EXTERNAL AFFAIRS & SPONSORSHIP	37.50	Highest	$225,918	$29,841	$255,759
KEN HALTENHOF	VP, MEMBERSHIP	37.50	Highest	$210,046	$59,003	$269,049
NICOLE VASILE	VP, MARKETING & COMMUNICATIONS	35.63	Highest	$178,821	$53,632	$241,865

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	No data	No data	No data	No data
2023	$27,285,841	$23,440,813	$55,204,420	$3,845,028
2022	$23,670,266	$19,530,498	$48,445,728	$4,139,768
2021	$21,421,690	$15,620,383	$31,053,898	$5,801,307
2020	$12,703,508	$13,472,469	$26,104,164	$-768,961
2019	$21,248,139	$16,614,530	$21,641,632	$4,633,609
2018	$17,260,077	$16,425,999	$15,008,266	$834,078

COUNCIL OF INSURANCE AGENTS AND BROKERS