INSURANCE SOCIETY OF PHILADELPHIA

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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

1901

Legal Domicile

Principal Officer

ROBERT MCCAW

Phone

2158678102

Tax Period

2023-01-01 to 2023-12-31

INSURANCE SOCIETY OF PHILADELPHIA, founded in 1901, is a small nonprofit in the Mutual Benefit sector that reported $304K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $415K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO EDUCATE AND PROMOTE PROFESSIONALISM, TALENT DEVELOPMENT, SCHOLARSHIP AND NETWORKING IN THE INSURANCE, LEGAL AND FINANCIAL SERVICES INDUSTRIES.

Program Service Accomplishments

Program 1

Expenses: $91,248

FURTHER THE INSURANCE SOCIETY'S MISSION TO EDUCATE BY PROVIDING SCHOLARSHIPS TO STUDENTS ENGAGED IN THE STUDY OF RISK MANAGEMENT, INSURANCE OR INSURANCE RELATED INDUSTRIES ALONG WITH ENGAGING THEM IN...

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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 (2023)

Revenue Breakdown

Contributions & Grants $341,405

Program Service Revenue $0

Investment Income $33,275

Other Revenue $-71,135

TOTAL REVENUE $303,545

Expense Breakdown

Grants Paid $88,500

Salaries & Benefits $50,000

Fundraising Expenses $49,593

Program Expenses $91,248

Other Expenses $276,530

TOTAL EXPENSES $415,030

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,545	$409,419	-0.3%
Expenses	$415,030	$465,629	-0.1%
Net Income	$-111,485	$-56,210	+1.0%

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

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

$50,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN MARIE SNYDER	CHAIR	0.50	Officer Director	$0	$0	$0
DINA DANIELE	VICE CHAIR	0.50	Officer Director	$0	$0	$0
STEVEN SKOWRONSKI	TREASURER	0.50	Officer Director	$0	$0	$0
DAVID RUSSO	SECRETARY	0.50	Officer Director	$0	$0	$0
EDWARD HANNA	PAST CHAIR	0.50	Officer Director	$0	$0	$0
JASMINE AFANADOR	BOARD MEMBER	0.50	Director	$0	$0	$0
JIM AMENDOLA	BOARD MEMBER	0.50	Director	$0	$0	$0
JESSICA ARBITIER	BOARD MEMBER	0.50	Director	$0	$0	$0
KAREN BERIGAN	BOARD MEMBER	0.50	Director	$0	$0	$0
BUTLER BUCHANAN III	BOARD MEMBER	0.50	Director	$0	$0	$0
AMANDA CHIKOWSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
MARY ANN COOK	BOARD MEMBER	0.50	Director	$0	$0	$0
LINDSEY DIGANGI	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN DORMUTH	BOARD MEMBER	0.50	Director	$0	$0	$0
ROGER FELL	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN GRIMM	BOARD MEMBER	0.50	Director	$0	$0	$0
DANIELLE HARRISON	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS HAYDEN	BOARD MEMBER	0.50	Director	$0	$0	$0
MARYANN HOFF	BOARD MEMBER	0.50	Director	$0	$0	$0
KATE HORN	BOARD MEMBER	0.50	Director	$0	$0	$0
DENISE HUNTER	BOARD MEMBER	0.50	Director	$0	$0	$0
EYAD KABBANI	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT KUTZ	BOARD MEMBER	0.50	Director	$0	$0	$0
KYLE MISCHLER	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC MITCHELL	BOARD MEMBER	0.50	Director	$0	$0	$0
CHASE MORESCO	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID OSUCH	BOARD MEMBER	0.50	Director	$0	$0	$0
MIKE PETTINELLI	BOARD MEMBER	0.50	Director	$0	$0	$0
DIANNE SALTER	BOARD MEMBER	0.50	Director	$0	$0	$0
MELISSA SCHEFFLER	BOARD MEMBER	0.50	Director	$0	$0	$0
JULIANNE SHILLINGTON	BOARD MEMBER	0.50	Director	$0	$0	$0
SYDNEY STENSON	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS TRULLINGER	BOARD MEMBER	0.50	Director	$0	$0	$0
MARGAUX WEINRAUB	BOARD MEMBER	0.50	Director	$0	$0	$0
JOSEPH P MAHER	EXECUTIVE DIRECTOR	2.50	Officer	$50,000	$0	$50,000

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	$303,545	$415,030	$1,596,762	$-111,485
2022	$409,419	$465,629	$1,683,624	$-56,210
2021	$109,546	$306,227	$1,842,407	$-196,681
2020	$209,985	$393,844	$1,984,687	$-183,859
2019	$472,457	$329,421	$1,793,218	$143,036
2018	$409,487	$330,499	$1,595,011	$78,988