NATIONAL ASSOCIATION OF BENEFITS AND INSURANCE PROFESSIONALS

EIN: 316060582

WESTLAKE, OH

Total Revenue
$216,062
Total Expenses
$207,726
Total Assets
$35,208
Net Assets
$35,208
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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
1999
Legal Domicile
OH
Principal Officer
RICHARD MUCCIO
Phone
4402509460
Tax Period
2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF BENEFITS AND INSURANCE PROFESSIONALS, founded in 1999, is a small nonprofit that reported $216K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $208K left a modest 4% surplus.

Mission

ORGANIZATION PROVIDES EDUCATION AND INFORMATION FOR LICENSED HEALTH INSURANCE AGENTS AND BROKERS THROUGHOUT OHIO

Program Service Accomplishments

Program 1
Expenses: $66,975

MEETINGS WITH LEGISLATORS TO PROMOTE HEALTH UNDERWRITERS ISSUES AND CONCERNS.

Program 2
Expenses: $6,154

ATTENDANCE AT VARIOUS LOCAL AND NATIONAL SYPOSIUMS TO LEARN ISSUES AND CONCERNS AND DISCUSS TOPICS AFFECTING THE HEALTH INSURANCE INDUSTRY.

Program 3
Expenses: $15,749

PROVIDE CONTINUING EDUCATION THROUGH THE OHIO DEPARTMENT OF INSURANCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $216,062
Investment Income $0
Other Revenue $0
TOTAL REVENUE $216,062

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $88,878
Other Expenses $207,726
TOTAL EXPENSES $207,726

Year-over-Year Comparison

2024 2023 Change
Revenue $216,062 $253,894 -0.1%
Expenses $207,726 $653,847 -0.7%
Net Income $8,336 $-399,953 -1.0%
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
6
Independent Members
5
Employees
N/A
Volunteers
18

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
6
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERI MASKOW TERMINATED 42024 NABIP ADMIN 2.00
Officer Director
$0 $0 $0
JENNIFER KAUFFMAN PRESIDENT 2.00
Officer Director
$0 $0 $0
BILL BARRETT IMMEDIATE PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
SHERRI RUTTER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
DEE MCFARLAND PRESIDENT-ELECT 2.00
Officer Director
$0 $0 $0
RICHARD MUCCIO SECRETARY/TREASURER 2.00
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 $216,062 $207,726 $35,208 $8,336
2023 $253,894 $653,847 $26,872 $-399,953
2022 $159,271 $185,185 $426,825 $-25,914
2021 $176,566 $137,382 $452,739 $39,184
2020 $195,749 $160,501 $413,555 $35,248
2019 $205,490 $177,493 $378,307 $27,997
2018 $214,551 $179,237 $350,310 $35,314
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