NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION (EIN 311471178) - 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

1997

Legal Domicile

Principal Officer

OMARI JAHI AARONS-MARTIN

Phone

8665662242

Tax Period

2024-01-01 to 2024-12-31

NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION, founded in 1997, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $3.0M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROMOTE PROFESSIONAL DEVELOPMENT AND PERSONAL GROWTH AMONG AFRICAN AMERICAN INSURANCE PROFESSIONALS, WHILE PROVIDING OPPORTUNITIES FOR NETWORKING, CONTINUING EDUCATION, AND BUILDING MUTUALLY BENEFICIAL PARTNERSHIPS. OUR MISSION IS ACCOMPLISHED VIA NATIONAL CONFERENCES, SEMINARS, AND CHAPTER EVENTS.

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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 $27,000

Program Service Revenue $2,142,923

Investment Income $3,452

Other Revenue $0

TOTAL REVENUE $2,173,375

Expense Breakdown

Grants Paid $30,803

Salaries & Benefits $410,668

Fundraising Expenses $0

Program Expenses $2,428,256

Other Expenses $2,567,810

TOTAL EXPENSES $3,009,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,173,375	$2,533,243	-0.1%
Expenses	$3,009,281	$2,447,668	+0.2%
Net Income	$-835,906	$85,575	-10.8%

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

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
OMARI JAHI AARONS-MARTIN	OFFICER & KE	40.00	Highest	$163,000	$0	$163,000
OWIE LEI AGBONTAEN	DIRECTOR	2.00	Director	$0	$0	$0
DWIGHT GEDDES	DIRECTOR	2.00	Director	$0	$0	$0
SHERITA HARDY	DIRECTOR	2.00	Director	$0	$0	$0
JAMES E HUTCHINSON	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
RICKY JONES	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHELE LAMARRE	DIRECTOR	2.00	Director	$0	$0	$0
CLIVE MCCARTHY	DIRECTOR	2.00	Director	$0	$0	$0
BRANDI MONIQUE	DIRECTOR	2.00	Director	$0	$0	$0
NGOZI NNAJI	SECRETARY	2.00	Officer Director	$0	$0	$0
REBEKAH RATLIFF	DIRECTOR	2.00	Director	$0	$0	$0
JERALD TILLMAN	FOUNDER	2.00	Director	$0	$0	$0
ANTHONY WALKER	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE WOODS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JANET JORDAN-FOSTER	IMMEDIATE PA	2.00		$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	$2,173,375	$3,009,281	$626,366	$-835,906
2023	$2,533,243	$2,447,668	$1,446,866	$85,575
2022	$1,826,471	$1,401,660	$2,281,818	$424,811
2021	$1,410,269	$635,574	$2,127,932	$774,695
2020	$694,816	$419,799	$1,071,260	$275,017
2019	$558,304	$516,895	$376,771	$41,409

NATIONAL AFRICAN-AMERICAN INSURANCE ASSOCIATION