SOCIETY OF INSURANCE TRAINERS & EDUCATORS INC (EIN 136162432) - 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

1953

Legal Domicile

Principal Officer

CRAIG TAPPEL

Phone

9139099035

Tax Period

2024-01-01 to 2024-12-31

SOCIETY OF INSURANCE TRAINERS & EDUCATORS INC, founded in 1953, is a micro nonprofit that reported $40K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 30% operating margin.

Mission

THE SOCIETY OF INSURANCE TRAINERS AND EDUCATORS EXISTS TO PROVIDE PROFESSIONAL DEVELOPMENT TO SOCIETY MEMBERS THROUGH PROGRAMS, NETWORKING OPPORTUNITIES, AND SERVICES.

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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 $21,821

Program Service Revenue $17,710

Investment Income $0

Other Revenue $0

TOTAL REVENUE $39,531

Expense Breakdown

Grants Paid $100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,647

Other Expenses $27,500

TOTAL EXPENSES $27,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,531	$50,993	-0.2%
Expenses	$27,600	$24,620	+0.1%
Net Income	$11,931	$26,373	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK WRAIGHT	PAST PRESIDENT	1.00	Director	$0	$0	$0
MIKE KOSCIELNY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC CZERWIN	DIRECTOR OF MEMBER BENEFIT	1.00	Director	$0	$0	$0
STEVE CLINE CPCU CIC ITP	TREASURER	1.00	Officer Director	$0	$0	$0
ARTHUR CARVAJAL ESQ	MEMBER-AT-LARGE	1.00	Officer Director	$0	$0	$0
VIRGINIA BROCKWELL	VP PROGRAMS	1.00	Officer Director	$0	$0	$0
HEATHER BLEVINS CPCUAICAINSAISSC	VP MARKETING	1.00	Officer Director	$0	$0	$0
CRAIG TAPPEL	DIRECTOR OF PROGRAMS	1.00	Director	$0	$0	$0
DIANE HANLON	VICE PRESIDENT MEMBER SERV	1.00	Officer Director	$0	$0	$0
EMILY DONNELLY	DIRECTOR OF COMMUNICATIONS	1.00	Director	$0	$0	$0
KRISTEN BRAZZEL	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG GOLSON	VICE PRESIDENT CONFERENCE	1.00	Officer Director	$0	$0	$0
JOANN PICKEL	DIRECTOR OF CONFERENCE	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	$39,531	$27,600	$145,064	$11,931
2023	$50,993	$24,620	$133,133	$26,373
2022	$56,713	$18,937	$106,760	$37,776
2021	$45,830	$17,958	$68,984	$27,872
2020	$43,108	$80,301	$41,112	$-37,193
2019	$189,344	$262,698	$138,032	$-73,354
2018	$152,010	$231,851	$175,156	$-79,841

SOCIETY OF INSURANCE TRAINERS & EDUCATORS INC