OHIO INSURANCE AGENTS ASSOCIATION INC (EIN 314406219) - 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

1933

Legal Domicile

Principal Officer

JEFFREY S SMITH CAE

Phone

6145528000

Tax Period

2023-01-01 to 2023-12-31

OHIO INSURANCE AGENTS ASSOCIATION INC, founded in 1933, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 5% surplus.

Mission

TO PROMOTE, PROTECT AND PROGRESS OUR MEMBERS THROUGH ADVOCACY, PROFESSIONAL DEVELOPMENT PROGRAMS, DATA, CONSULTING SERVICES, AND BEST PRACTICES AS WELL AS EXCHANGE INFORMATION THROUGH BENCHMARKING AND OTHER MISCELLANEOUS RESOURCES.

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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 $1,837,299

Investment Income $604,936

Other Revenue $355,541

TOTAL REVENUE $2,797,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,670,450

TOTAL EXPENSES $2,670,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,797,776	$2,261,214	+0.2%
Expenses	$2,670,450	$2,601,139	+0.0%
Net Income	$127,326	$-339,925	-1.4%

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

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

$484,097

Total Directors

Key Employees

$492,763

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY SMITH	CHIEF EXECUTIVE OFFICER & SECRETARY	27.00	Officer	$0	$53,349	$352,047
JODY GEIGER	CHIEF OPERATING OFFICER	17.00	Key Emp	$0	$36,879	$255,109
JODIE SHAW	DIRECTOR OF BUSINESS DEVELOPMENT	8.00	Key Emp	$0	$67,993	$237,654
ASHLEY RILEY	DIRECTOR OF RISK MANAGEMENT	0.00	Highest	$0	$74,274	$211,924
BRIAN LAWRENCE	DIRECTOR OF HR SOLUTIONS	17.00	Highest	$0	$22,707	$151,502
DUSTIN MAHRT	COMPANY PARTNERS MANAGER	40.00	Highest	$0	$32,241	$148,920
ASHLEY FITZSIMMONS	DIRECTOR OF PROFESSIONAL DEVELOPMENT	40.00	Highest	$0	$20,872	$146,001
DONNY HOUCK	IT SYSTEMS MANAGER	0.00	Highest	$0	$23,715	$135,848
DAWN KUHN	DIRECTOR OF FINANCE & TREASURER	18.00	Officer	$0	$23,119	$132,050
KELLEY CULLEY	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN GRIFFITH RAGOZZINO	DIRECTOR	1.00	Director	$0	$0	$0
DEREK SPROUSE CIC	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW STEPHEY CIC CRM	LUTCF, DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN THEDERS CRA CPIA	CHSP, DIRECTOR	1.00	Director	$0	$0	$0
BRENT PHELAN JD CPCU CIC	CRM, CHAIRMAN	1.00	Officer Director	$0	$0	$0
KATHERINE G WATSON CIC	VICE CHAIRMAN	1.00	Officer 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	$2,797,776	$2,670,450	$16,921,305	$127,326
2022	$2,261,214	$2,601,139	$15,650,479	$-339,925
2021	$3,011,225	$2,148,888	$17,618,619	$862,337
2020	$2,685,567	$1,971,096	$16,232,350	$714,471
2019	$3,077,257	$2,574,268	$14,862,993	$502,989
2018	$2,999,132	$2,152,205	$13,323,157	$846,927

OHIO INSURANCE AGENTS ASSOCIATION INC