INSURANCE TAX CONFERENCE INC (EIN 237446369) - Form 990 Financial Analysis & Trantor Score

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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

1976

Legal Domicile

Phone

7735988575

Tax Period

2024-01-01 to 2024-12-31

INSURANCE TAX CONFERENCE INC, founded in 1976, is a small nonprofit that reported $482K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $565K exceeded revenue, resulting in a 17% operating deficit.

Mission

The ITC provides an educational forum for insurance professionals to exchange and discuss issues and ideas relating to the taxation of insurance companies and ideas relating to the taxation of insurance companies and insurance products. The ITC holds an annual meeting attended by about 584 members.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $482,237

Investment Income $25

Other Revenue $0

TOTAL REVENUE $482,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $565,016

TOTAL EXPENSES $565,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$482,262	$372,927	+0.3%
Expenses	$565,016	$328,498	+0.7%
Net Income	$-82,754	$44,429	-2.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Tedesco	President	2.00	Officer Director	$0	$0	$0
Matthew Haaf	Sr Vice President	1.00	Officer Director	$0	$0	$0
Aditi Banerjee	VP Treasurer	1.00	Officer Director	$0	$0	$0
Graham Cahill	VP Secretary	1.00	Officer Director	$0	$0	$0
Susan Seabook	Immediate Past President	1.00	Director	$0	$0	$0
Rich Burness	Director	1.00	Director	$0	$0	$0
Chris Cramer	Director	1.00	Director	$0	$0	$0
Peter Edgerton	Director	1.00	Director	$0	$0	$0
Maria Jones	Director	1.00	Director	$0	$0	$0
Eli Katz	Director	1.00	Director	$0	$0	$0
Bryan Keene	Director	1.00	Director	$0	$0	$0
Peter Schuur	Director	1.00	Director	$0	$0	$0
Joseph Vaccaro	Director	1.00	Director	$0	$0	$0
Christine Watson	Director	1.00	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	No data	No data	No data	No data
2024	$482,262	$565,016	$445,630	$-82,754
2023	$372,927	$328,498	$528,384	$44,429
2022	$316,733	$461,032	$483,955	$-144,299
2021	$222,780	$225,914	$628,254	$-3,134
2020	$258,116	$124,777	$631,388	$133,339

INSURANCE TAX CONFERENCE INC