INSURANCE BROKERS ASSOCIATION OF T… - 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

1932

Legal Domicile

Principal Officer

DOUGLAS FENNIMAN

Phone

5186945512

Tax Period

2025-01-01 to 2025-12-31

INSURANCE BROKERS ASSOCIATION OF THE STATE OF NEW YORK INC, founded in 1932, is a small nonprofit that reported $256K in total revenue in fiscal year 2025. The organization ran a surplus of $55K, a strong 22% operating margin.

Mission

TO PROVIDE ADVOCACY, PROFESSIONAL DEVELOPMENT, NETWORKING, AND EDUCATIONAL OPPORTUNITIES FOR THE PROFESSION

Program Service Accomplishments

Program 1

PROVIDE EDUCATIONAL FORUMS, NETWORKING OPPORTUNITIES, AND RECEPTION EVENTS FOR MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $56,839

Program Service Revenue $200,040

Investment Income $-594

Other Revenue $0

TOTAL REVENUE $256,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $200,793

TOTAL EXPENSES $200,793

Year-over-Year Comparison

	2025	2024	Change
Revenue	$256,285	$241,852	+0.1%
Expenses	$200,793	$235,388	-0.1%
Net Income	$55,492	$6,464	+7.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS FENNIMAN	PRESIDENT	3.00	Officer Director	$0	$0	$0
GORDON REID-ROBERTSON	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
F MICHAEL CONTE	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
RENEE MCFADDEN	IMMED PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ELIZABETH HECK	DIRECTOR	1.00	Director	$0	$0	$0
AMY KANSAY	DIRECTOR	1.00	Director	$0	$0	$0
JIM MANNINO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ROVELLI	DIRECTOR	1.00	Director	$0	$0	$0
YIANA STAVRAKIS	DIRECTOR	1.00	Director	$0	$0	$0
MARIA TREGLIA	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
2025	$256,285	$200,793	$156,997	$55,492
2024	$241,852	$235,388	$112,837	$6,464
2023	$314,896	$254,821	$97,881	$60,075
2022	$164,712	$255,312	$46,711	$-90,600
2021	$107,143	$160,457	$140,301	$-53,314
2020	$64,876	$91,364	$192,622	$-26,488
2019	$233,840	$243,682	$206,442	$-9,842
2018	$259,604	$262,571	$243,544	$-2,967

INSURANCE BROKERS ASSOCIATION OF THE STATE OF NEW YORK INC