INDEPENDENT INSURANCE AGENTS & BRO… - 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

1920

Legal Domicile

Principal Officer

LISA LOUNSBURY

Phone

8009627950

Tax Period

2024-05-01 to 2025-04-30

INDEPENDENT INSURANCE AGENTS & BROKERS OF NEW YORK INC, founded in 1920, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.7M left a modest 8% surplus.

Mission

THE MISSION OF THE INDEPENDENT INSURANCE AGENTS & BROKERS OF NEW YORK INC., IS TO CHAMPION INDEPENDENT INSURANCE AGENTS IN ALL WE DO AND PROVIDE THE RESOURCES THEY NEED TO BE THEIR BEST.

Program Service Accomplishments

Program 1

ADVOCACY OF MEMBER INTERESTS - BIG I NY WORKS WITH LEGISLATORS, REGULATORS, INSURANCE COMPANIES AND THE MEDIA TO INFORM THEM ABOUT ISSUES CRITICAL TO INDEPENDENT AGENTS AND TO CREATE PROPER PUBLIC...

ADVOCACY OF MEMBER INTERESTS - BIG I NY WORKS WITH LEGISLATORS, REGULATORS, INSURANCE COMPANIES AND THE MEDIA TO INFORM THEM ABOUT ISSUES CRITICAL TO INDEPENDENT AGENTS AND TO CREATE PROPER PUBLIC POLICY AND CARRIER ACTIONS TO ADVANCE THOSE INTERESTS.

Program 2

EDUCATION AND CONTINUING EDUCATION - BIG I NY'S EDUCATIONAL PROGRAMS PROVIDE INSTRUCTION TO CURRENT AND PROSPECTIVE INSURANCE PROFESSIONALS, FOR CONTINUING EDUCATION TO MAINTAIN LICENSE, ETHICS...

EDUCATION AND CONTINUING EDUCATION - BIG I NY'S EDUCATIONAL PROGRAMS PROVIDE INSTRUCTION TO CURRENT AND PROSPECTIVE INSURANCE PROFESSIONALS, FOR CONTINUING EDUCATION TO MAINTAIN LICENSE, ETHICS TRAINING, SALES TRAINING, TECHNOLOGY TRAINING, COVERAGE TRAINING AND COMPLIANCE TRAINING.

Program 3

MEMBERSHIP DEVELOPMENT - BIG I NY STRIVES TO PROVIDE SERVICE TO ITS MEMBERS AND TO ADD NEW MEMBERS THROUGH ITS ACTIVITIES AND THE ACTIVITIES OF ITS NATIONAL, INDEPENDENT INSURANCE AGENTS & BROKERS OF...

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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 $0

Program Service Revenue $2,090,575

Investment Income $337,629

Other Revenue $479,183

TOTAL REVENUE $2,907,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,351,628

Fundraising Expenses $0

Other Expenses $1,315,303

TOTAL EXPENSES $2,666,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,907,387	$2,472,322	+0.2%
Expenses	$2,666,931	$2,523,475	+0.1%
Net Income	$240,456	$-51,153	-5.7%

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

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

$568,506

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD BRUNNEL	NATIONAL DIRECTOR	4.00	Officer Director	$0	$0	$0
JAMES BASTIAN	DIRECTOR	2.00	Director	$0	$0	$0
MARIANNE MCCORMICK	DIRECTOR	2.00	Director	$0	$0	$0
DAVID BODENSTEIN	CHAIR OF BOARD	2.00	Officer Director	$0	$0	$0
DAVID H BORG	DIRECTOR	2.00	Director	$0	$0	$0
KELLY GONYO	VICE CHAIR & SECRETARY/ TREASURER	2.00	Officer Director	$0	$0	$0
DOUG BENZ	DIRECTOR	2.00	Director	$0	$0	$0
TED WALSH	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
EMMANUEL OSUYAH	DIRECTOR	2.00	Director	$0	$0	$0
FRANK MURELLO	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW MAGUIRE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL ZWAS	DIRECTOR	2.00	Director	$0	$0	$0
SYDNEY ROE	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT BOWEN	DIRECTOR	2.00	Director	$0	$0	$0
DEENA MCCULLOUGH	DIRECTOR	2.00	Director	$0	$0	$0
LISA LOUNSBURY	PRESIDENT/CEO	18.75	Officer	$172,734	$27,906	$373,374
LISA NURNBERGER	DIRECTOR OF FINANCE - STAR	20.60	Officer	$54,178	$15,873	$114,378
TRAVIS WATTIE	AVP GOVERNMENT RELATIONS	31.90	Officer	$68,278	$427	$80,754
KATHY LAWLER	AVP COMMUNITIES & RELATION	24.40	Highest	$34,615	$10,921	$123,644
BRIAN BIXBY	PRESIDENT OF IAAC	5.60	Highest	$21,975	$32,249	$178,743
CHRISTINE NEET	AVP MEMBER ENGAGEMENT	18.75	Highest	$63,967	$6,640	$134,574
KATHLEEN GLAHN	VP OF OPERATIONS & INFORMA	15.00	Highest	$48,066	$18,337	$138,503

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	$2,907,387	$2,666,931	$3,705,704	$240,456
2024	$2,472,322	$2,523,475	$3,789,051	$-51,153
2023	$2,680,948	$2,625,174	$3,548,829	$55,774
2022	$2,782,783	$2,502,146	$3,676,015	$280,637
2021	$2,325,427	$2,385,094	$3,430,216	$-59,667
2020	$2,558,550	$2,424,517	$2,819,235	$134,033
2019	$2,494,402	$2,526,359	$2,808,368	$-31,957

INDEPENDENT INSURANCE AGENTS & BROKERS OF NEW YORK INC