NAIFA-PENNSYLVANIA

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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

1999

Legal Domicile

Principal Officer

JAN HARTMAN

Phone

7172342523

Tax Period

2020-01-01 to 2020-12-31

NAIFA-PENNSYLVANIA, founded in 1999, is a small nonprofit that reported $141K in total revenue in fiscal year 2020. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $190K exceeded revenue, resulting in a 34% operating deficit.

Mission

THE MISSION OF THE NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS IS TO ADVOCATE FOR A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT, ENHANCE BUSINESS AND PROFESSIONAL SKILLS, AND PROMOTE THE ETHICAL CONDUCT OF OUR MEMBERS.

Program Service Accomplishments

Program 1

ENHANCE THE BUSINESS AND PROFESSIONAL ENVIRONMENT FOR THE MEMBERS OF THE LOCAL ASSOCIATIONS WHO ARE IN THE PRACTICE OF PROVIDING LIFE, HEALTH AND MULTI-LINE INSURANCE AND RELATED 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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $138,672

Investment Income $889

Other Revenue $1,544

TOTAL REVENUE $141,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,661

Fundraising Expenses $0

Other Expenses $62,930

TOTAL EXPENSES $189,591

Year-over-Year Comparison

	2020	2019	Change
Revenue	$141,105	$300,378	-0.5%
Expenses	$189,591	$222,893	-0.1%
Net Income	$-48,486	$77,485	-1.6%

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

100

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

$108,630

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS PETTINATO	DIRECTOR	2.00	Officer Director	$0	$0	$0
STEVE PETRUNGARO	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
CARINA HATFIELD	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSEPH MARRAZZO JR	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID BARRIST	NATIONAL COMMITTEEMAN	2.00	Officer Director	$0	$0	$0
TRACY RUSSO	PRESIDENT-ELECT	2.00	Director	$0	$0	$0
MICHAEL BERARDI	BOARD DIRECTOR	2.00	Director	$0	$0	$0
LISA DODSON	BOARD DIRECTOR	2.00	Director	$0	$0	$0
HARRIS KIVITZ	BOARD DIRECTOR	2.00	Director	$0	$0	$0
RANDY KAUFMAN	BOARD DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE MUSUNEGGI	BOARD DIRECTOR	2.00	Director	$0	$0	$0
JIM BOYD	BOARD DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA MAY	BOARD DIRECTOR	2.00	Director	$0	$0	$0
JAN HARTMAN	EXECUTIVE VICE PRESIDENT	37.50	Officer	$94,617	$14,013	$108,630

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
2020	$141,105	$189,591	$321,337	$-48,486
2019	$300,378	$222,893	$369,823	$77,485