GAMMA IOTA SIGMA

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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

1966

Legal Domicile

Principal Officer

GRACE GRANT

Phone

4849914471

Tax Period

2023-01-01 to 2023-12-31

GAMMA IOTA SIGMA, founded in 1966, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 4% surplus.

Mission

GAMMA IOTA SIGMA SERVES A MISSION OF PROMOTING AND SUSTAINING STUDENT INTEREST IN CAREERS IN INSURANCE, RISK MANAGEMENT, AND ACTUARIAL SCIENCE.

Program Service Accomplishments

Program 1

Expenses: $584,516 Revenue: $1,379,351

CONFERENCES:GAMMA IOTA SIGMA (GIS) CORE PROGRAMMING INCLUDES THE REGIONAL CONFERENCE SERIES, ALLIES IN INSURANCE EVENT, LEADERSHIP SYMPOSIUM, AND THE ANNUAL INTERNATIONAL CONFERENCE. DURING 2023...

CONFERENCES:GAMMA IOTA SIGMA (GIS) CORE PROGRAMMING INCLUDES THE REGIONAL CONFERENCE SERIES, ALLIES IN INSURANCE EVENT, LEADERSHIP SYMPOSIUM, AND THE ANNUAL INTERNATIONAL CONFERENCE. DURING 2023, THESE CONFERENCES AND EVENTS REACHED OVER 1,300 STUDENTS FROM OVER 100 COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY.(CONTINUED ON SCHEDULE O)THE REGIONAL CONFERENCE SERIES PROVIDES AN UNPARALLELED PLATFORM FOR BOTH STUDENTS AND INDUSTRY PROFESSIONALS TO CONNECT. STUDENTS FROM ALL 110 GAMMA IOTA SIGMA CHAPTERS, AT-LARGE MEMBERS, AND APPLICANT SCHOOL STUDENTS INTERESTED IN RISK MANAGEMENT, INSURANCE, AND ACTUARIAL SCIENCE GAIN VALUABLE INSIGHTS INTO THE INDUSTRY AND EXPLORE CAREER OPPORTUNITIES THROUGH CAREER FAIRS, NETWORKING, AND EDUCATIONAL SESSIONS. DURING 2023, THE SERIES REACHED 275 STUDENTS FROM 44 COLLEGES AND UNIVERSITIES AND INCLUDED 43 PARTICIPATING COMPANIES.ALLIES IN INSURANCE BRINGS LEADING INDUSTRY ORGANIZATIONS TOGETHER TO COHESIVELY AND MEANINGFULLY ENGAGE WITH COLLEGIATE TALENT IN AN INTERACTIVE FORUM FOR CONVERSATIONS ON DIVERSITY, EQUITY, INCLUSION, ACCESSIBILITY, MENTAL WELLNESS, BELONGING, RESOURCE SHARING, AND NETWORKING. DURING 2023, THIS EVENT BROUGHT IN 34 PARTICIPATING COMPANIES AND REACHED 450 STUDENTS.LEADERSHIP SYMPOSIUM IS THE KICKOFF TO THE ACADEMIC YEAR CONVENING AN ELITE GROUP OF CHAPTER OFFICERS FOR FOCUSED LEADERSHIP TRAINING, PEER NETWORKING, AND EXCLUSIVE ENGAGEMENT WITH SUSTAINING PARTNERS. A VARIETY OF WORKSHOPS AND INTERACTIVE SESSIONS ALLOW STUDENTS TO GAIN VALUABLE INSIGHTS, KNOWLEDGE, AND TOOLS TO SUCCEED IN THEIR ROLES AS LEADERS WITHIN GIS. THE 2023 SYMPOSIUM BROUGHT IN 34 SUSTAINING PARTNERS AND 104 CHAPTER OFFICERS FROM 67 COLLEGES AND UNIVERSITIES.THE ANNUAL INTERNATIONAL CONFERENCE IS THE HALLMARK TALENT EVENT AND CENTRALIZED CONNECTION POINT FOR TOP COLLEGIATE TALENT AND INSURANCE, RISK MANAGEMENT, AND ACTUARIAL SCIENCE ORGANIZATIONS. DURING 2023, 520 STUDENTS FROM 69 COLLEGES AND UNIVERSITIES AND 90 PARTICIPATING COMPANIES CONVENED FOR A ONE-OF-ITS-KIND CAREER FAIR, DYNAMIC KEYNOTE SPEAKERS, DEI FORUMS, EDUCATIONAL SESSIONS, PROFESSIONAL DEVELOPMENT WORKSHOPS, INDUSTRY ROUNDTABLES, NETWORKING OPPORTUNITIES, AND MORE.

Program 2

Expenses: $392,304 Revenue: $104,614

MEMBERSHIP AND CHAPTER OPERATIONS:GAMMA IOTA SIGMA PRODUCES STUDENT NEWSLETTERS, INDUSTRY NEWSLETTERS AND OTHER PUBLICATIONS. GIS PROVIDES CAREER GUIDANCE OFFICE HOURS AS A RESOURCE ALLOWING BOARD OF TRUSTEES AND ADVISORY COUNCIL MEMBERS THE OPPORTUNITY TO MENTOR STUDENTS ON THEIR CAREER JOURNEYS. THE SPEAKERS BUREAU IS A RESOURCE FOR CHAPTERS LOOKING FOR INDUSTRY SPEAKERS AND SUBJECT MATTER EXPERTS TO PRESENT TO THEIR CHAPTERS. MINORITY SERVING INSTITUTION ROUNDTABLES REACHED UPWARDS OF 25 HBCU'S, HISPANIC SERVING INSTITUTIONS AND COMMUNITY COLLEGES. DEI OFFICERS CONTINUE TO LEAD GIS CHAPTERS, PRIORITIZING DIVERSITY, EQUITY, AND INCLUSION WITH STUDENT LEADERS THROUGH INCREASED AWARENESS, TRAINING, AND EXPOSURE.

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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 $26,692

Program Service Revenue $1,483,965

Investment Income $9,953

Other Revenue $0

TOTAL REVENUE $1,520,610

Expense Breakdown

Grants Paid $700

Salaries & Benefits $689,156

Fundraising Expenses $157,642

Program Expenses $976,820

Other Expenses $766,396

TOTAL EXPENSES $1,456,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,520,610	$1,550,944	0.0%
Expenses	$1,456,252	$1,144,665	+0.3%
Net Income	$64,358	$406,279	-0.8%

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

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

$200,625

Total Directors