FEDERAL ASSOCIATION FOR INSURANCE REFORM INC (EIN 273765071) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Phone

5617040428

Tax Period

2023-01-01 to 2023-12-31

FEDERAL ASSOCIATION FOR INSURANCE REFORM INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $289K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $500K exceeded revenue, resulting in a 73% operating deficit.

Mission

Insurance public policy education and advocacy for balanced policy solutions that protect consumers while also promoting a robust competitive private market.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $289,100

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $289,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,788

Fundraising Expenses $0

Program Expenses $0

Other Expenses $106,870

TOTAL EXPENSES $499,658

Year-over-Year Comparison

	2023	2022	Change
Revenue	$289,100	$651,500	-0.6%
Expenses	$499,658	$366,654	+0.4%
Net Income	$-210,558	$284,846	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Jay Neal	Executive Chairman and CEO	25.00	Officer Director Key Emp Highest	$0	$0	$0
Paul Handerhan	President	25.00	Officer Director Key Emp Highest	$0	$0	$0
Melissa Burt DeVriese	Director	5.00	Director	$0	$0	$0
Jeff Reamer	Director	5.00	Director	$0	$0	$0
Paul Anderson	Director	5.00	Director	$0	$0	$0
John Hornbuckle	Director	5.00	Director	$0	$0	$0
Jack Ellison	Director	5.00	Director	$0	$0	$0
Hope Zelinger	Director	5.00	Director	$0	$0	$0
Daniel Zasquez	Project Development	20.00	Key Emp	$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
2024	No data	No data	No data	No data
2023	$289,100	$499,658	$642,737	$-210,558
2022	$651,500	$366,654	$845,719	$284,846
2021	$563,741	$722,148	$556,541	$-158,407
2020	$564,757	$348,015	$710,712	$216,742

FEDERAL ASSOCIATION FOR INSURANCE REFORM INC