COUNCIL OF INSURANCE BROKERS OF GR… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

Rino Pietanza

Phone

5166816265

Tax Period

2023-01-01 to 2023-12-31

COUNCIL OF INSURANCE BROKERS OF GREATER NEW YORK, founded in 1967, is a micro nonprofit that reported $50K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

To educate and promote cooperation among insurance brokers in the greater New York region.

Program Service Accomplishments

Program 1

The programs conducted benefit all members and the general public as a whole as ultimately the members accrue knowledge through meetings and networking events.

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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 $42,765

Investment Income $0

Other Revenue $7,336

TOTAL REVENUE $50,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $54,428

TOTAL EXPENSES $54,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,101	$41,201	+0.2%
Expenses	$54,428	$55,862	0.0%
Net Income	$-4,327	$-14,661	-0.7%

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

120

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

$32,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rino Pietanza	President	1.00	Officer Director	$0	$0	$0
Peter Conte	Vice President	1.00	Officer Director	$0	$0	$0
Steven Shapiro	Treasurer	1.00	Officer Director	$0	$0	$0
David Louie	Secretary	1.00	Officer Director	$0	$0	$0
Richard Signorelli	Immediate Past President	1.00	Director	$0	$0	$0
Anthony Aquilino	Director	1.00	Director	$0	$0	$0
Joe Bosnack	Director	1.00	Director	$0	$0	$0
Anthony Calafiore	Director	1.00	Director	$0	$0	$0
F Michael Conte	Director	1.00	Director	$0	$0	$0
Michael Demetriou	Director	1.00	Director	$0	$0	$0
Justin Fries	Director	1.00	Director	$0	$0	$0
Stuart Fries	Director	1.00	Director	$0	$0	$0
Jeff Greenfield	Director	1.00	Director	$0	$0	$0
Peter Resnick	Director	1.00	Director	$0	$0	$0
Elmer Rivera	Director	1.00	Director	$0	$0	$0
Jeanne Abatelli	Association Director	20.00	Officer	$32,400	$0	$32,400
Brandon Conway	Director	1.00	Director	$0	$0	$0
Sari Gabay	Director	1.00	Director	$0	$0	$0
Sean Rosenfeld	Director	1.00	Director	$0	$0	$0
Sheldon Grant	Director	1.00	Director	$0	$0	$0
Martin Koles	Director	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	No data	No data	No data	No data
2023	$50,101	$54,428	$99,059	$-4,327
2022	$41,201	$55,862	$103,386	$-14,661
2021	$41,281	$52,616	$118,047	$-11,335
2020	$49,363	$51,595	$129,382	$-2,232
2019	$47,502	$61,603	$131,614	$-14,101
2018	$81,728	$61,594	$145,715	$20,134

COUNCIL OF INSURANCE BROKERS OF GREATER NEW YORK