INTERNATIONAL INSURANCE SOCIETY 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

1965

Legal Domicile

Principal Officer

PETER L MILLER

Phone

2122775164

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL INSURANCE SOCIETY INC, founded in 1965, is a community nonprofit in the Mutual Benefit sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $2.4M exceeded revenue, resulting in a 77% operating deficit.

Mission

TO FACILITATE THE WORLDWIDE TRANSFER OF IDEAS AND INNOVATIONS AND THE DEVELOPMENT OF PERSONAL NETWORKS ACROSS INSURANCE MARKETS THROUGH A JOINT EFFORT OF LEADING EXECUTIVES AND ACADEMICS ON A WORLDWIDE BASIS.

Program Service Accomplishments

Program 1

Expenses: $2,351,121 Revenue: $1,324,452

ANNUAL SEMINAR OF THE INTERNATIONAL INSURANCE SOCIETY, INC (IIS) BRINGS TOGETHER INSURANCE EXECUTIVES AND ACADEMICS WORLDWIDE FOR EDUCATIONAL PROGRAMS, RECOGNIZES INDIVIDUALS WHO HAVE MADE...

ANNUAL SEMINAR OF THE INTERNATIONAL INSURANCE SOCIETY, INC (IIS) BRINGS TOGETHER INSURANCE EXECUTIVES AND ACADEMICS WORLDWIDE FOR EDUCATIONAL PROGRAMS, RECOGNIZES INDIVIDUALS WHO HAVE MADE OUTSTANDING CONTRIBUTIONS TO THE INSURANCE INDUSTRY AND SOCIETY AND SPONSORS RESEARCH ROUNDTABLES TO FOSTER THE DEVELOPMENT OF GLOBAL INSURANCE IDEAS.

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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 $0

Program Service Revenue $1,322,902

Investment Income $2,357

Other Revenue $1,551

TOTAL REVENUE $1,326,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,351,121

Other Expenses $2,351,121

TOTAL EXPENSES $2,351,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,326,810	$1,041,702	+0.3%
Expenses	$2,351,121	$1,582,256	+0.5%
Net Income	$-1,024,311	$-540,554	+0.9%

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

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

$3,997,700

Total Directors

$4,017,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER L MILLER	PRESIDENT & CEO	2.0	Officer Director	$0	$220,597	$2,437,369
KATHERINE HOROWITZ	SECRETARY	2.0	Officer Director	$0	$62,870	$993,683
JEFFREY A SCHEIDT	TREASURER	2.0	Officer Director	$0	$68,887	$566,648
JOSHUA LANDAU	PRESIDENT - IIS AND PIC	20.0	Director	$0	$0	$20,000
ANDREAS BERGER	TRUSTEE	1.0	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
2024	No data	No data	No data	No data
2023	$1,326,810	$2,351,121	$651,580	$-1,024,311
2022	$1,041,702	$1,582,256	$962,818	$-540,554
2021	$907,275	$1,303,037	$3,439,008	$-395,762
2020	$629,684	$2,702,412	$2,399,302	$-2,072,728
2019	$1,549,159	$2,700,199	$2,180,054	$-1,151,040
2018	$1,783,421	$1,649,137	$1,082,542	$134,284