SOCIETY OF CHARTERED PROPERTY AND CASUALTY UNDERWRITERS

EIN: 231552247

MALVERN, PA

Total Revenue
$26,172,531
Total Expenses
$24,477,671
Total Assets
$7,873,153
Net Assets
$1,297,715
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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
1944
Legal Domicile
PA
Principal Officer
PETER L MILLER
Phone
6106442100
Tax Period
2024-01-01 to 2024-12-31

SOCIETY OF CHARTERED PROPERTY AND CASUALTY UNDERWRITERS, founded in 1944, is a mid-sized nonprofit that reported $26.2M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $24.5M left a modest 6% surplus.

Mission

THE SOCIETY OF CHARTERED PROPERTY AND CASUALTY UNDERWRITERS (THE "SOCIETY") IS COMMITTED TO PROVIDING RESOURCES, EDUCATIONAL PROGRAMS AND LEADERSHIP OPPORTUNITIES THAT ATTRACT TALENT AND ENABLE INDIVIDUALS TO EXPAND THEIR TECHNICAL INSURANCE SKILLS AND BUSINESS CAPABILITIES IN ORDER TO IMPROVE THE OVERALL PERFORMANCE OF THE INSURANCE INDUSTRY WHILE AHDERING TO THE HIGHEST ETHICAL STANDARDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $24,643,648
Investment Income $1,356,526
Other Revenue $172,357
TOTAL REVENUE $26,172,531

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $24,477,671
Other Expenses $24,477,671
TOTAL EXPENSES $24,477,671

Year-over-Year Comparison

2024 2023 Change
Revenue $26,172,531 $21,250,311 +0.2%
Expenses $24,477,671 $21,692,473 +0.1%
Net Income $1,694,860 $-442,162 -4.8%
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
3
Independent Members
N/A
Employees
N/A
Volunteers
231

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
3
$4,882,756
Total Directors
3
$4,882,756
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER L MILLER PRESIDENT & CEO 2.0
Officer Director
$0 $244,092 $3,209,292
KATHERINE HOROWITZ SECRETARY 2.0
Officer Director
$0 $64,978 $1,070,919
JEFFREY A SCHEIDT TREASURER 2.0
Officer Director
$0 $69,178 $602,545
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 $26,172,531 $24,477,671 $7,873,153 $1,694,860
2023 $21,250,311 $21,692,473 $13,121,384 $-442,162
2022 $10,818,484 $12,344,326 $9,780,486 $-1,525,842
2021 $4,213,152 $4,105,946 $9,708,613 $107,206
2020 $3,707,579 $6,152,323 $9,271,609 $-2,444,744
2019 $5,222,477 $6,196,388 $8,321,398 $-973,911
2018 $6,606,850 $6,180,906 $6,711,365 $425,944
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