ACORD CORPORATION (EIN 132940919) - 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

1978

Legal Domicile

Principal Officer

WILLIAM PIERONI

Phone

8456201700

Tax Period

2023-01-01 to 2023-12-31

ACORD CORPORATION, founded in 1978, is a mid-sized nonprofit that reported $30.9M in total revenue in fiscal year 2023. The organization ran a surplus of $17.2M, a strong 56% operating margin.

Mission

TO PROMOTE THE INTERESTS OF AND IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF ALL TRADING PARTNERS WITHIN THE VARIOUS SEGMENTS OF THE INSURANCE AND RELATED FINANCIAL SERVICES INDUSTRIES.

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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 $29,849,099

Investment Income $1,083,387

Other Revenue $0

TOTAL REVENUE $30,932,486

Expense Breakdown

Grants Paid $2,817

Salaries & Benefits $7,505,017

Fundraising Expenses $0

Other Expenses $6,218,783

TOTAL EXPENSES $13,726,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,932,486	$29,187,677	+0.1%
Expenses	$13,726,617	$12,623,352	+0.1%
Net Income	$17,205,869	$16,564,325	+0.0%

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

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

$3,606,847

Total Directors

$2,988,823

Key Employees

$1,222,365

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM PIERONI	PRESIDENT & CEO	40.00	Officer Director	$2,699,397	$289,426	$2,988,823
ROBERT KELLY	CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN TOBIN	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
COLLEEN BATMAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BRAME	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA BUNYAN	DIRECTOR, THRU 02/01/23	1.00	Director	$0	$0	$0
BILL DEVINE	DIRECTOR	1.00	Director	$0	$0	$0
IAN HAYCOCK	DIRECTOR	1.00	Director	$0	$0	$0
BOB JAMES	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL JONES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KELLINGTON	DIRECTOR	1.00	Director	$0	$0	$0
MARK KNIPFER	DIRECTOR	1.00	Director	$0	$0	$0
VENKAT KRISHNAMOORTHY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KYUNG	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LUNDIN	DIRECTOR, THRU 01/20/23	1.00	Director	$0	$0	$0
DAVE MATCHAM FCII	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MOLINEUX	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RUSBULDT	DIRECTOR	1.00	Director	$0	$0	$0
DR CHRISTIAN SCHAFFER	DIRECTOR	1.00	Director	$0	$0	$0
DR RALF SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
VLAD YEKELCHIK	DIRECTOR, THRU 01/20/23	1.00	Director	$0	$0	$0
TANYA J KROCHTA EXECUTIVE	EVP & CHIEF ADMINISTRATIVE	40.00	Officer	$548,044	$69,980	$618,024
ANDREW J ZUCKERMAN SVP	GOVERNMENT AFFAIRS & GENERAL COUNSEL	40.00	Key Emp	$282,769	$67,112	$349,881
MARIA LOURDES SORIANO	SVP, GLOBAL CHIEF MEMBERSHIP OFFICER	40.00	Key Emp	$292,304	$46,056	$338,360
DAVID STERNER	VP, RESEARCH & DEVELOPMENT	40.00	Key Emp	$236,894	$50,936	$287,830
LISA PLUNKETT	VP OF FINANCE & OPERATIONS	40.00	Key Emp	$190,670	$55,624	$246,294
MANREEN KAUR	DIRECTOR P&C	40.00	Highest	$161,797	$43,442	$205,239
RICHARD FLYNN	VP COMMUNICATIONS	40.00	Highest	$153,649	$25,777	$179,426
SEAN STEWART	VP COMMUNICATIONS	40.00	Highest	$191,179	$61,358	$252,537
KAREN MOTTLEY	SENIOR DIRECTOR, LIFE & ANNUITY	40.00	Highest	$148,326	$43,981	$192,307
DEBRA SAHLER	SENIOR DIRECTOR, COMPLIANCE	40.00	Highest	$146,206	$61,108	$207,314

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	$30,932,486	$13,726,617	$80,120,531	$17,205,869
2022	$29,187,677	$12,623,352	$57,024,681	$16,564,325
2021	$27,875,680	$12,089,448	$47,591,189	$15,786,232
2020	$25,293,548	$14,201,021	$42,845,098	$11,092,527
2019	$22,416,354	$14,571,861	$52,865,395	$7,844,493
2018	$21,505,356	$14,439,578	$43,966,701	$7,065,778

ACORD CORPORATION