WORLDWIDE BROKER NETWORK US INC

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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

2010

Legal Domicile

Principal Officer

OLGA COLLINS

Phone

8002632383

Tax Period

2023-01-01 to 2023-12-31

WORLDWIDE BROKER NETWORK US INC, founded in 2010, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

WORLDWIDE BROKER NETWORK PROVIDES FORUMS FOR CONTACT, EXCHANGE OF IDEAS, NETWORK PERFORMANCE MONITORING AND REVIEW FOR VARIOUS PRIVATELY HELD INSURANCE BROKERS.

Program Service Accomplishments

Program 1

Expenses: $4,476,555

THE WBN NETWORK ALLOWS CLIENTS TO HAVE CONSTANT ACCESS TO ONLINE COVERAGE AND CLAIMS DATA. TECHNOLOGY PROVIDES MEMBERS WITH THE LATEST TOOLS FOR INFORMATION MANAGEMENT, COMMUNICATION AND...

THE WBN NETWORK ALLOWS CLIENTS TO HAVE CONSTANT ACCESS TO ONLINE COVERAGE AND CLAIMS DATA. TECHNOLOGY PROVIDES MEMBERS WITH THE LATEST TOOLS FOR INFORMATION MANAGEMENT, COMMUNICATION AND COLLABORATION, INCLUDING INSURANCE DATA MANAGEMENT PLATFORM. MEMBERS CAN LOGIN TO WEBSITE. THIS GIVES THEM ACCESS TO MEMBER INFORMATION, WBN MEETINGS, CONFERENCES AND PRODUCTS.

Program 2

Expenses: $2,347,776 Revenue: $1,574,263

WBN ORGANIZES GLOBAL CONFERENCES FOR MEMBERS, CLIENTS, PROSPECTS, AND INSURER PARTNERS WHERE THEY CAN COLLABORATE, LEARN, AND MAINTAIN PROFESSIONAL AND PERSONAL RELATIONSHIPS. ADDITIONAL CONFERENCES ARE CONDUCTED REGIONALLY AND THROUGH INDUSTRY, INSURER AND COMMITTEE GATHERINGS TO BUILD COLLABORATION, LEARN NEW TECHNIQUES, DEVELOP NEW PRODUCTS AND IDEAS, INFORM AND INSPIRE ONE ANOTHER AND CREATE BETTER OPPORTUNITIES AND SERVICE FOR CLIENTS.

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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 $5,916,318

Program Service Revenue $1,568,804

Investment Income $23,972

Other Revenue $5,459

TOTAL REVENUE $7,514,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,447,556

Fundraising Expenses $0

Program Expenses $6,824,331

Other Expenses $4,853,084

TOTAL EXPENSES $7,300,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,514,553	$6,229,533	+0.2%
Expenses	$7,300,640	$6,105,893	+0.2%
Net Income	$213,913	$123,640	+0.7%

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

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

$588,480

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ENRIQUE ACEVEDO	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA HAWKER	BOARD MEMBER	1.00	Director	$0	$0	$0
FLORIAN KARLE	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN MURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
WALID NEHME	BOARD MEMBER	1.00	Director	$0	$0	$0
NEIL RAYMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
GABRIEL RICO	BOARD MEMBER	1.00	Director	$0	$0	$0
BENJAMIN VERLINGUE	BOARD MEMBER	1.00	Director	$0	$0	$0
OLGA COLLINS	CEO	40.00	Officer	$541,451	$47,029	$588,480
BRIAN HETHERINGTON	CHAIRMAN	1.00	Officer	$0	$0	$0
GURPAL SINGH DHINGRA	TREASURER	1.00	Officer	$0	$0	$0
ALEX GILMORE	PAST CHAIRMAN	1.00	Officer	$0	$0	$0
DANIEL DE SWAAN	SECRETARY	1.00	Officer	$0	$0	$0
TIMOTHY CARTER	DIRECTOR OF OPERATIONS	40.00	Highest	$180,159	$40,687	$220,846
SCHYLER TOLLMANN	DIRECTOR OF EVENTS	40.00	Highest	$148,538	$786	$149,324
LEIA STERNGOLD	DIRECTOR OF OPERATIONS	40.00	Highest	$101,778	$35,641	$137,419
STEVEN WOODS	DIRECTOR OF IT	40.00	Highest	$282,160	$44,056	$326,216
ELIZABETH YOVICH	DIRECTOR OF EB	40.00	Highest	$205,102	$20,706	$225,808

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	$7,514,553	$7,300,640	$2,790,544	$213,913
2022	$6,229,533	$6,105,893	$2,187,586	$123,640
2021	$3,985,774	$3,902,156	$1,656,895	$83,618
2020	$3,770,605	$2,943,309	$4,810,368	$827,296
2019	$4,211,476	$3,921,068	$4,288,166	$290,408
2018	$3,270,623	$2,704,159	$1,997,812	$566,464