PROFESSIONAL INSURANCE AGENTS OF NYS

EIN: 150525570

GLENMONT, NY

Total Revenue
$2,051,933
Total Expenses
$1,951,434
Total Assets
$11,976,311
Net Assets
$11,448,729
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
NY
Principal Officer
JEFF PARMENTER
Phone
5184343111
Tax Period
2025-01-01 to 2025-12-31

PROFESSIONAL INSURANCE AGENTS OF NYS, founded in 1945, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 5% surplus.

Mission

TO PROMOTE THE INDEPENDENT INSURANCE AGENCY SYSTEM IN NYS THROUGH ITS EDUCATIONAL AND PROMOTIONAL EFFORTS THROUGHOUT THE STATE OF NEW YORK.

Program Service Accomplishments

Program 1

PROMOTING THE INDEPENDENT INSURANCE AGENCY SYSTEM THROUGH EDUCATIONAL AND PROMOTIONAL PROGRAMS THROUGHOUT THE STATE OF NEW YORK.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,584,070
Investment Income $467,863
Other Revenue $0
TOTAL REVENUE $2,051,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,951,434
TOTAL EXPENSES $1,951,434

Year-over-Year Comparison

2025 2024 Change
Revenue $2,051,933 $1,898,132 +0.1%
Expenses $1,951,434 $1,981,217 0.0%
Net Income $100,499 $-83,085 -2.2%
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

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Governance

Voting Members
26
Independent Members
26
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
6
$0
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD ANDREWS IMMEDIATE PAST PRESIDENT 1.00
Director
$0 $0 $0
MICHAEL J SKEELE CIC CIPA NATIONAL DIRECTOR 1.00
Director
$0 $0 $0
DINA BRUNO CPIA DIRECTOR 1.00
Director
$0 $0 $0
PETER BUCCINNA DIRECTOR 1.00
Director
$0 $0 $0
MARSHALL GLASS CPIA DIRECTOR 1.00
Director
$0 $0 $0
LESLIE C ROGOFF DIRECTOR 1.00
Director
$0 $0 $0
RICHARD SIGNORELLI DIRECTOR 1.00
Director
$0 $0 $0
TIM DEAN CIC CRM ACTIVE PAST PRESIDENT 1.00
Director
$0 $0 $0
DAVID DICKSON ACTIVE PAST PRESIDENT 1.00
Director
$0 $0 $0
JAMES FERRIS CIC AAI CPIA CRM ACTIVE PAST PRESIDENT 1.00
Director
$0 $0 $0
LYNNE R FRANK CPCU ACTIVE PAST PRESIDENT 1.00
Director
$0 $0 $0
JEFFREY H GREENFIELD ACTIVE PAST PRESIDENT 1.00
Director
$0 $0 $0
FRED HOLENDER CLU CPCU CHFC MSFS ACTIVE PAST PRESIDENT 1.00
Director
$0 $0 $0
JOHN C PARSONS II CIC CPIA AAI ACTIVE PAST PRESIDENT 1.00
Director
$0 $0 $0
GENE SANDY CIC ACTIVE PAST PRESIDENT 1.00
Director
$0 $0 $0
RICHARD A SAVINO CIC CPIA ACTIVE PAST PRESIDENT 1.00
Director
$0 $0 $0
GARY SLAVIN ACTIVE PAST PRESIDENT 1.00
Director
$0 $0 $0
JOHN TOMASSI CPCU ACTIVE PAST PRESIDENT 1.00
Director
$0 $0 $0
J CARLOS SHAWN VIANA ACTIVE PAST PRESIDENT 1.00
Director
$0 $0 $0
PETER CONTE YIP LIAISON 1.00
Director
$0 $0 $0
JASON E BARTOW AAI CPIA PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL A LOGUERCIO JR PRESIDENT-ELECT 1.00
Officer Director
$0 $0 $0
JORGE HERNANDEZ FIRST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ERIC COHEN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ED CHADWICK TREASURER 1.00
Officer Director
$0 $0 $0
JUSTIN FRIES CIC CPCU CPIA SECRETARY 1.00
Officer 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 $2,051,933 $1,951,434 $11,976,311 $100,499
2024 $1,898,132 $1,981,217 $10,914,489 $-83,085
2023 $1,770,740 $1,853,772 $10,367,396 $-83,032
2022 $1,641,025 $1,789,623 $9,604,460 $-148,598
2021 $1,528,835 $1,629,883 $11,011,022 $-101,048
2020 $1,963,647 $1,641,487 $10,535,148 $322,160
2019 $2,169,957 $2,073,168 $9,269,660 $96,789
2018 $2,073,783 $2,109,477 $8,398,027 $-35,694
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