NICB FOUNDATION

EIN: 311768814 501(c)(3) Employment

OAK BROOK, IL

Total Revenue
$588,609
Total Expenses
$760,846
Total Assets
$692,149
Net Assets
$692,149
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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
2001
Legal Domicile
IL
Principal Officer
CAROLYN BELLISIO
Phone
8475447000
Tax Period
2025-01-01 to 2025-12-31

NICB FOUNDATION, founded in 2001, is a small nonprofit in the Employment sector that reported $589K in total revenue in fiscal year 2025. Expenses of $761K exceeded revenue, resulting in a 29% operating deficit.

Mission

PROVIDE ANTI-FRAUD TRAINING TO INSURANCE INDUSTRY, LAW ENFORCEMENT, AND THE PUBLIC THROUGH ONLINE COURSEWARE.

Program Service Accomplishments

Program 1
Expenses: $630,947 Revenue: $588,609

NATIONAL INSURANCE CRIME BUREAU FOUNDATION (NICB FOUNDATION) REGISTERED OVER 11,206 NEW STUDENTS IN 2025. OVERALL, 22,503 STUDENTS ENROLLED IN 169,951 ONLINE OFFERINGS DURING 2025. THE TOP ONLINE...

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NATIONAL INSURANCE CRIME BUREAU FOUNDATION (NICB FOUNDATION) REGISTERED OVER 11,206 NEW STUDENTS IN 2025. OVERALL, 22,503 STUDENTS ENROLLED IN 169,951 ONLINE OFFERINGS DURING 2025. THE TOP ONLINE COURSES DURING 2025 WERE: INSURANCE FRAUD BASICS, STAGED AUTO ACCIDENTS, HIT WHILE PARKED FRAUD, INTRODUCTION TO INSURANCE FRAUD INVESTIGATION, AND BODY SHOP FRAUD. IN 2025, 13,637 NICB FOUNDATION CE'S WERE PROCESSED.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $570,218
Investment Income $730
Other Revenue $17,661
TOTAL REVENUE $588,609

Expense Breakdown

Grants Paid $0
Salaries & Benefits $487,160
Fundraising Expenses $0
Program Expenses $630,947
Other Expenses $273,686
TOTAL EXPENSES $760,846

Year-over-Year Comparison

2025 2024 Change
Revenue $588,609 $575,733 +0.0%
Expenses $760,846 $587,358 +0.3%
Net Income $-172,237 $-11,625 +13.8%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
20
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
5
$2,849,539
Total Directors
5
$2,849,539
Key Employees
1
$318,609
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID GLAWE CHIEF EXECUTIVE OFFICER 0.00
Officer Director
$0 $35,473 $942,929
TIMOTHY R SLATER SRVP/COO 2.30
Officer Director
$26,450 $29,067 $617,410
CAROLYN BELLISIO SRVP/CFO 1.00
Officer Director
$10,039 $39,491 $514,120
RICHARD DIZINNO SRVP/GENERAL COUNSEL 0.80
Officer Director
$7,293 $25,121 $447,803
JAMES BERRY VP/LEARNING & DEVELOPMENT 20.00
Officer Director
$127,003 $20,801 $327,277
ROBERT COOPER VP/ASSOC GENERAL COUNSEL 2.60
Key Emp
$15,369 $62,602 $318,609
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 $588,609 $760,846 $692,149 $-172,237
2024 $575,733 $587,358 $1,161,966 $-11,625
2023 $595,145 $613,775 $1,221,799 $-18,630
2022 $581,221 $557,539 $1,141,371 $23,682
2021 $656,393 $474,634 $1,058,967 $181,759
2020 $584,934 $541,007 $854,335 $43,927
2019 $446,551 $824,517 $812,380 $-377,966
2018 $528,896 $761,032 $1,143,910 $-232,136
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