INLAND MARINE UNDERWRITERS ASSOCIATION

EIN: 135564002

NEW YORK, NY

Total Revenue
$1,357,215
Total Expenses
$1,409,941
Total Assets
$1,266,624
Net Assets
$1,030,259
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1931
Legal Domicile
NY
Principal Officer
KEVIN O'BRIEN
Phone
2122330550
Tax Period
2023-01-01 to 2023-12-31

INLAND MARINE UNDERWRITERS ASSOCIATION, founded in 1931, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

INLAND MARINE UNDERWRITERS ASSOCIATION'S (IMUA) MISSION IS TO CHAMPION THE INTERESTS OF INLAND MARINE INSURANCE INDUSTRY AND FOSTER THE EDUCATION AND DEVELOPMENT OF INDUSTRY PROFESSIONALS.

Program Service Accomplishments

Program 1

THE ANNUAL MEETING - IN THE SECOND QUARTER OF EACH CALENDAR YEAR, USUALLY APRIL OR MAY, IMUA HOLDS ITS PREMIER EDUCATION EVENT AT AN OFF-SITE HOTEL OR RESORT-STYLE PROPERTY IN THE U.S. THE EVENT RUNS...

Read more

THE ANNUAL MEETING - IN THE SECOND QUARTER OF EACH CALENDAR YEAR, USUALLY APRIL OR MAY, IMUA HOLDS ITS PREMIER EDUCATION EVENT AT AN OFF-SITE HOTEL OR RESORT-STYLE PROPERTY IN THE U.S. THE EVENT RUNS FROM SUNDAY THROUGH TUESDAY AND INCLUDES A BOARD MEETING; AN OPENING RECEPTION AND DINNER FOR MEMBER NETWORKING; OPEN FORUM BUSINESS MEETING; SIX EDUCATION SESSIONS ON TOPICAL ISSUES, EACH LASTING FROM 1 TO 3 HOURS, OFTEN WITH CONTINUING EDUCATION CREDITS FROM ONE OR MORE STATE INSURANCE DEPARTMENTS; SOME RECREATION EVENTS; A MINI-TRADE SHOW ON BOTH MONDAY & TUESDAY; AND A CLOSING RECEPTION/BANQUET. IN 2023 THE ANNUAL MEETING BOASTED RECORD ATTENDANCE OF OVER 375 ATTENDEES.

Program 2

WEB SEMINARS AND VIRTUAL CLASSES/FORUMS - ABOUT 12 TO 18 TIMES A CALENDAR YEAR, A VOLUNTEER-BASED REGIONAL COMMITTEE AND/OR TECHNICAL COMMITTEES ARRANGE FOR A WEB SEMINAR, TYPICALLY 1 HOUR IN...

Read more

WEB SEMINARS AND VIRTUAL CLASSES/FORUMS - ABOUT 12 TO 18 TIMES A CALENDAR YEAR, A VOLUNTEER-BASED REGIONAL COMMITTEE AND/OR TECHNICAL COMMITTEES ARRANGE FOR A WEB SEMINAR, TYPICALLY 1 HOUR IN DURATION FROM 2:00PM 3:00PM ET WHERE GEOGRAPHICALLY REMOTE SITES ACROSS THE U.S., AND SOMETIMES INTERNATIONALLY, CAN LOG INTO THE AUDIO/VISUAL PRESENTATION ON A TOPICAL ISSUE USUALLY PRESENTED BY A NON-INSURANCE EXPERT, E.G. HURRICANES AND THE IMPACT ON LEVEES. MULTIPLE ATTENDEES ARE TRADITIONALLY AT EACH SITE, AND MEMBER COMPANIES FIND THIS IS A COST EFFECTIVE AND EFFICIENT WAY TO PROVIDE EDUCATION AND TECHNICAL INFORMATION TO THEIR EMPLOYEES (THERE IS NO ADDITIONAL COST TO ATTEND WEBINARS AS ALL ACCESS TO ALL VIRTUAL PROGRAMS IS NOW INCLUDED IN IMUA'S COMPANY MEMBERSHIP FEE. IN 2023, IMUA PRESENTED 12 EDUCATIONAL WEBINARS AND 6 CLASSES WITH EACH SESSION ATTRACTING AN AVERAGE OF 300 VIEWERS WITH A DURATION OF 60 TO 75 MINUTES FOR WEBINARS AND 3 HOURS FOR THE VIRTUAL CLASSES/FORUMS.

Program 3

REGIONAL SEMINARS - IMUA HAS 9 REGIONAL ADVISORY COMMITTEES LOCATED IN TORONTO, NEW YORK, ATLANTA, COLUMBUS, CHICAGO, DALLAS, BOSTON, RICHMOND, AND SAN FRANCISCO. AT VARIOUS TIMES THROUGHOUT THE...

Read more

REGIONAL SEMINARS - IMUA HAS 9 REGIONAL ADVISORY COMMITTEES LOCATED IN TORONTO, NEW YORK, ATLANTA, COLUMBUS, CHICAGO, DALLAS, BOSTON, RICHMOND, AND SAN FRANCISCO. AT VARIOUS TIMES THROUGHOUT THE CALENDAR YEAR, THESE VOLUNTEER-BASED COMMITTEES EACH HOLD ONE OR MORE BREAKFAST/LUNCH-N-LEARN/HALF-DAY/FULL DAY LIVE EDUCATIONAL SEMINARS, OFTEN WITH STATE INSURANCE DEPARTMENT CONTINUING EDUCATION CREDITS, ON A MYRIAD OF INSURANCE TOPICS GERMANE TO A GEOGRAPHIC AREA. THEY ALSO OCCASIONALLY HOST NETWORKING SOCIALS AND/OR FIELD TRIPS TO GET A CLOSER LOOK AT VARIOUS INLAND MARINE INSURANCE EXPOSURES (IE VISITING A REFRIGERATED WAREHOUSE TO SEE THE VARIOUS INLAND MARINE TRANSPORTATION AND WAREHOUSE LEGAL LIABILITY EXPOSURES). ATTENDANCE FOR THESE SEMINARS EVENTS TYPICALLY RANGES FROM LOW 20'S UP TO 100 ATTENDEES. OBJECTIVE/ ACCOMPLISHMENT - PRIMARILY EDUCATION AND TRAINING BUT ALSO NETWORKING/STRENGTHENING INDUSTRY CONNECTIONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,333,296
Investment Income $12,342
Other Revenue $11,577
TOTAL REVENUE $1,357,215

Expense Breakdown

Grants Paid $0
Salaries & Benefits $594,759
Fundraising Expenses $0
Other Expenses $815,182
TOTAL EXPENSES $1,409,941

Year-over-Year Comparison

2023 2022 Change
Revenue $1,357,215 $1,199,794 +0.1%
Expenses $1,409,941 $1,243,575 +0.1%
Net Income $-52,726 $-43,781 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
16
Employees
3
Volunteers
190

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
5
$499,299
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY FALCONE DEPUTY CHAIR (THRU MAY 2023), CHAIR 1.50
Officer Director
$0 $0 $0
ARTHUR SIEDER VICE CHAIR (THRU MAY 2023), DEPUTY CHAIR 1.50
Officer Director
$0 $0 $0
SHARON PRIMERANO DIRECTOR (THRU MAY 2023), VICE CHAIR 1.50
Officer Director
$0 $0 $0
DREW CADELLI DIRECTOR (THRU MAY 2023) 1.00
Director
$0 $0 $0
ANNE CALIENTO DIRECTOR 1.00
Director
$0 $0 $0
BRADLEY CAMERON DIRECTOR 1.00
Director
$0 $0 $0
JESSICA FRANKOVICH CHAIR (THRU MAY 2023), DIRECTOR 1.00
Director
$0 $0 $0
VICKY HARTMAN DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE HOEHN DIRECTOR 1.00
Director
$0 $0 $0
JOSH JENNINGS DIRECTOR 1.00
Director
$0 $0 $0
BRUCE S JERVIS DIRECTOR 1.00
Director
$0 $0 $0
JON MOSBY DIRECTOR 1.00
Director
$0 $0 $0
ALEXANDER MCGINLEY DIRECTOR 1.00
Director
$0 $0 $0
PAUL ORSI DIRECTOR 1.00
Director
$0 $0 $0
MIKE PERROTTI DIRECTOR (THRU MAY 2023) 1.00
Director
$0 $0 $0
RANDY SCHLOSSER DIRECTOR 1.00
Director
$0 $0 $0
RICHARD SOJA DIRECTOR 1.00
Director
$0 $0 $0
BEN TUTTLE DIRECTOR 1.00
Director
$0 $0 $0
LILLIAN COLSON VICE PRESIDENT/SECRETARY 40.00
Officer
$167,569 $38,623 $206,192
KEVIN O'BRIEN PRESIDENT/CEO 40.00
Officer
$277,570 $15,537 $293,107
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 $1,357,215 $1,409,941 $1,266,624 $-52,726
2022 $1,199,794 $1,243,575 $1,138,925 $-43,781
2021 $994,027 $973,823 $1,276,297 $20,204
2020 $901,871 $922,564 $1,075,888 $-20,693
2019 $1,153,765 $1,127,221 $1,120,423 $26,544
2018 $1,194,841 $1,170,826 $1,178,332 $24,015
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare INLAND MARINE UNDERWRITERS ASSOCIATION with other nonprofits in New York and across the country.