COUNCIL OF INSURANCE AGENTS AND BROKERS

EIN: 131952497

WASHINGTON, DC

Total Revenue
$27,285,841
Total Expenses
$23,440,813
Total Assets
$55,204,420
Net Assets
$26,413,490
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1913
Legal Domicile
DC
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 WAS ESTABLISHED TO PROMOTE THE INTERESTS OF ITS MEMBERS, WHO COMPRISE LEADING INSURANCE AGENCIES AND BROKERAGE FIRMS.

Program Service Accomplishments

Program 1

THE COUNCIL IS THE PREMIER ASSOCIATION FOR THE TOP REGIONAL, NATIONAL AND INTERNATIONAL COMMERCIAL INSURANCE AND EMPLOYEE BENEFITS INTERMEDIARIES WORLDWIDE. THE COUNCIL FOSTERS RELATIONSHIPS...

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THE COUNCIL IS THE PREMIER ASSOCIATION FOR THE TOP REGIONAL, NATIONAL AND INTERNATIONAL COMMERCIAL INSURANCE AND EMPLOYEE BENEFITS INTERMEDIARIES WORLDWIDE. THE COUNCIL FOSTERS RELATIONSHIPS INDUSTRY-WIDE BY ENGAGING LAWMAKERS, REGULATORS, AND STAKEHOLDERS AROUND THE WORLD TO PROMOTE THE INTERESTS OF ITS MEMBERS AND THE VALUABLE ROLE THEY PLAY IN THE MITIGATION OF RISK FOR THEIR CLIENTS BY PROVIDING UNIQUE FORUMS FOR NETWORKING OPPORTUNITIES AND LEADERSHIP DEVELOPMENT, OFFERING BUSINESS INTELLIGENCE AND SERVICES.OUR FOUR LARGEST PROGRAMS/MEETINGS ARE THE INSURANCE LEADERSHIP FORUM, THE EMPLOYEE BENEFITS LEADERSHIP FORUM, THE COUNCIL ACADEMY AND THE LEGISLATIVE SUMMIT. THESE ANNUAL PROGRAMS FOSTER THE CONTINUATION OF THE COUNCIL AND ITS MEMBERS STRONG RELATIONSHIPS WITH EACH OTHER, INSURANCE CARRIERS, AND MEMBERS OF CONGRESS; AND LAYS A SOLID FOUNDATION FOR FUTURE RELATIONSHIPS. THE COUNCIL EXTENDS ITS REACH TO BOTH SIDES OF THE AISLE WHILE EDUCATING RULE MAKERS ON THE CRITICAL ROLE OF THE BROKER AND AGENCY FOR BOTH PROPERTY/CASUALTY AND HEALTH CARE INSURANCE PROGRAMS.

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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 (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

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Governance

Voting Members
36
Independent Members
36
Employees
69
Volunteers
36

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
7
$3,339,450
Total Directors
36
$0
Key Employees
5
$2,400,626
Highest Compensated
5
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
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