INSURANCE BROKERS ASSOCIATION OF THE STATE OF NEW YORK INC (EIN 135157170) - 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

1932

Legal Domicile

Principal Officer

DOUGLAS FENNIMAN

Phone

5186945512

Tax Period

2024-01-01 to 2024-12-31

INSURANCE BROKERS ASSOCIATION OF THE STATE OF NEW YORK INC, founded in 1932, is a small nonprofit that reported $242K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

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

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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 $113,620

Program Service Revenue $128,232

Investment Income $0

Other Revenue $0

TOTAL REVENUE $241,852

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $232,888

TOTAL EXPENSES $235,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,852	$314,896	-0.2%
Expenses	$235,388	$254,821	-0.1%
Net Income	$6,464	$60,075	-0.9%

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	SEC/TREASURER	3.00	Officer Director	$0	$0	$0
RENEE MCFADDEN	IMM PAST PRES	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
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