RALEIGH, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INSURANCE FEDERATION OF NORTH CAROLINA, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $263K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Net assets of $569K represent 26 months of operating reserves.
TO BE THE VOICE OF THE PROPERTY AND CASUALTY INSURANCE INDUSTRY ON REGULATORY AND LEGISLATIVE ISSUES IN NORTH CAROLINA. IN ADDITION, IFNC PROMOTES CONSUMER AWARENESS ON ISSUES RELATING TO PROPERTY AND CASUALTY INSURANCE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $263,176 | $195,236 | +0.3% |
| Expenses | $279,982 | $272,566 | +0.0% |
| Net Income | $-16,806 | $-77,330 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHN MILETTI TRAVELERS | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TRACEY GENTRY HARNEY USAA | VICE-CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RAYMOND WAUGH JR NATIONWIDE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICH GOLICK ALLSTATE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE TERMINI GEICO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAMIEN JOSEFIAK ERIE | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM LYNCH LIBERTY MUTUAL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC MUSSER AUTO OWNERS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN PARRISH PENN NATIONAL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DIANE CHAPMAN FARMERS INSURANCE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW CONNORS AMICA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE BURKETT PROGRESSIVE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LES BOSWELL STATE FARM | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK PIERCE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $263,176 | $279,982 | $568,798 | $-16,806 |
| 2022 | $195,236 | $272,566 | $585,603 | $-77,330 |
| 2021 | $253,159 | $215,668 | $662,933 | $37,491 |
| 2020 | $236,514 | $227,110 | $625,442 | $9,404 |
| 2019 | $318,876 | $220,013 | $616,038 | $98,863 |
| 2018 | $271,524 | $215,521 | $517,175 | $56,003 |
Compare INSURANCE FEDERATION OF NORTH CAROLINA with other nonprofits in North Carolina and across the country.