PROFESSIONAL INSURANCE AGENTS OF NJ

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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

1946

Legal Domicile

Principal Officer

JEFF PARMENTER

Phone

5184343111

Tax Period

2025-01-01 to 2025-12-31

PROFESSIONAL INSURANCE AGENTS OF NJ, founded in 1946, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025. Revenue decreased 18% compared to the prior year. Expenses of $1.1M left a modest 5% surplus.

Mission

TO PROMOTE THE INDEPENDENT INSURANCE AGENCY SYSTEM IN NJ THROUGH ITS EDUCATIONAL AND PROMOTIONAL EFFORTS THROUGHOUT THE STATE.

Program Service Accomplishments

Program 1

PROMOTING THE INDEPENDENT INSURANCE AGENCY SYSTEM THROUGH EDUCATIONAL AND PROMOTIONAL PROGRAMS THROUGHOUT THE STATE OF NEW JERSEY

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,029,924

Investment Income $184,448

Other Revenue $0

TOTAL REVENUE $1,214,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,148,388

TOTAL EXPENSES $1,148,388

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,214,372	$1,473,761	-0.2%
Expenses	$1,148,388	$1,125,184	+0.0%
Net Income	$65,984	$348,577	-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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYDIA BASHWINER ESQ CWCP NJWCP	DIRECTOR	1.00	Director	$0	$0	$0
YOSSI BOLANOS	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH BULL	DIRECTOR	1.00	Director	$0	$0	$0
WALTER CONROY	DIRECTOR	1.00	Director	$0	$0	$0
ALYSSA DELANEY	DIRECTOR	1.00	Director	$0	$0	$0
MARIA N ESCALONA CPIA	DIRECTOR	1.00	Director	$0	$0	$0
BECKY MATEUS CIC CPIA ANFI CFM	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM J MCMAHON III CIC CWCA	DIRECTOR	1.00	Director	$0	$0	$0
JOSH MCMANIGAL	DIRECTOR	1.00	Director	$0	$0	$0
SHANNA MUSCAVAGE	DIRECTOR	1.00	Director	$0	$0	$0
LOGAN TRUE CRIS	DIRECTOR	1.00	Director	$0	$0	$0
CASEY YARGER CIC CRM	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY F BAVARO CIC CRM	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
LOUIS BECKERMAN CIC CPCU	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
BRUCE BLUM CPIA TRA	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
LLOYD BUSH JR CPIA	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
CHARLES J CARUSO CIC CPIA	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
DONNA M CUNNINGHAM CPIA	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
MICHAEL DESTASIO JR TRIP	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
DONALD F LAPENNA JR	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
JOHN A LATIMER ESQ	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
STEVEN C RADESPIEL	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
KEITH A SAVINO CPIA	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
WILLIAM R VOWTERAS	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
CONNIE MAHONEY	ACTIVE PAST PRESIDENT	1.00	Director	$0	$0	$0
TIM LATIMER	YIP LIASON	1.00	Director	$0	$0	$0
CAROL KATZ	LOBBYIST	1.00	Director	$0	$0	$0
ADAM GUZIEJEWSKI	LOBBYIST	1.00	Director	$0	$0	$0
PAUL MONACELLI CIC CPIA	NATIONAL DIRECTOR	1.00	Director	$0	$0	$0
ANDREW HARRIS JR CIC AAI	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
ROGER C BUTLER CIC	PRESIDENT	1.00	Officer Director	$0	$0	$0
AARON LEVINE CIC	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
LISA HAMM CIC	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL BECKERMAN CPCU	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTOPHER J POWELL	SECRETARY / TREASUER	1.00	Officer Director	$0	$0	$0

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
2025	$1,214,372	$1,148,388	$7,420,584	$65,984
2024	No data	No data	No data	No data
2023	$1,156,943	$1,096,334	$6,275,831	$60,609
2022	$1,061,856	$1,072,112	$5,741,055	$-10,256
2021	$1,073,131	$993,655	$6,637,523	$79,476
2020	$1,208,013	$891,781	$6,470,946	$316,232
2019	$1,402,365	$1,276,427	$5,530,042	$125,938
2018	$1,394,793	$1,286,687	$4,937,013	$108,106