TECHASSURE ASSOCIATION INC

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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

2000

Legal Domicile

Principal Officer

WEREN DE VLIEGHER

Phone

4043751917

Tax Period

2024-01-01 to 2024-12-31

TECHASSURE ASSOCIATION INC, founded in 2000, is a small nonprofit that reported $551K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO EDUCATE INSURANCE INDUSTRY PROFESSIONALS AND THE GENERAL PUBLIC ABOUT RISK MANAGEMENT

Program Service Accomplishments

Program 1

Revenue: $551,107

HELD SPRING AND FALL EDUCATIONAL CONFERENCES FOR MEMBERS AND OTHER MEMBER MEETINGS, INCLUDES MEMBER DUES AND SPONSORSHIPS, MARKETPLACE SUBSCRIPTION

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $550,747

Investment Income $20

Other Revenue $361

TOTAL REVENUE $551,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,821

Fundraising Expenses $0

Other Expenses $274,882

TOTAL EXPENSES $562,703

Year-over-Year Comparison

	2024	2023	Change
Revenue	$551,128	$583,741	-0.1%
Expenses	$562,703	$563,330	0.0%
Net Income	$-11,575	$20,411	-1.6%

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

N/A

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

$147,978

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN SCHERMERHORN	BOARD MEMBER	0.50	Director	$0	$0	$0
FREDERIC NOUAILLE	BOARD MEMBER	0.50	Director	$0	$0	$0
KONRAD AERIN	BOARD MEMBER	0.50	Director	$0	$0	$0
KEVIN MCLEAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN MOCCIA	BOARD MEMBER	0.50	Director	$0	$0	$0
BILL LEWIS	BOARD MEMBER	0.50	Director	$0	$0	$0
TANJA MERKEL	BOARD MEMBER	0.50	Director	$0	$0	$0
KEVIN PURVIS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MIKE MOLLOY	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREA DI GIACOMO	BOARD MEMBER	0.50	Director	$0	$0	$0
REGAN GUTH	BOARD MEMBER	0.50	Director	$0	$0	$0
FABRICE DE WAAL	EXECUTIVE COMMITTEE	0.50	Director	$0	$0	$0
STEVE APPEL	CHAIRPERSON EMERITUS	1.00	Officer Director	$0	$0	$0
ZITA ERDIS	BOARD MEMBER	0.50	Director	$0	$0	$0
MONICA MINKEL	BOARD MEMBER	0.50	Director	$0	$0	$0
JEAN LUC VERBAET	BOARD MEMBER	0.50	Director	$0	$0	$0
PAUL DICKSON	CHAIRPERSON	0.50	Director	$0	$0	$0
GAUTAM BODA	BOARD MEMBER	0.50	Director	$0	$0	$0
DOUG FRIEL	BOARD MEMBER	0.50	Director	$0	$0	$0
MARC JORI	BOARD MEMBER	0.50	Director	$0	$0	$0
DAN GIAMPIETRO	BOARD MEMBER	0.50	Director	$0	$0	$0
LUIS HERRERA	BOARD MEMBER	0.50	Director	$0	$0	$0
DOUG JONES	MEMBERSHIP COMM CHAIR	1.00	Officer Director	$0	$0	$0
NEIL MOLONEY	BOARD MEMBER	0.50	Director	$0	$0	$0
MARCELO RODRIGUEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
JIM ROBERTS JR	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID BLACK	BOARD MEMBER	0.50	Director	$0	$0	$0
MARIN HRKAC	BOARD MEMBER	0.50	Director	$0	$0	$0
ZVIADI VARDOSANIDZE	BOARD MEMBER	0.50	Director	$0	$0	$0
GARRETT DROEGE	BOARD MEMBER	0.50	Director	$0	$0	$0
EMILY SHORT	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTINE KALLIVOKAS	EXECUTIVE DIRECTOR (TERM	40.00	Officer	$0	$0	$0
WEREN DE VLIEGHER	EXECUTIVE DIRECTOR (TERM	40.00	Officer	$131,668	$16,310	$147,978

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	$551,128	$562,703	$211,837	$-11,575
2023	$583,741	$563,330	$223,412	$20,411
2022	$524,335	$616,604	$203,001	$-92,269
2021	$458,574	$336,622	$295,270	$121,952
2020	$477,104	$457,035	$173,318	$20,069
2019	$468,938	$501,372	$153,249	$-32,434
2018	$419,580	$414,373	$185,683	$5,207