INDEPENDENT AUTO DAMAGE APPRAISERS

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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

1964

Legal Domicile

Principal Officer

WAYNE MARSDEN

Phone

8003696424

Tax Period

2023-06-01 to 2024-05-31

INDEPENDENT AUTO DAMAGE APPRAISERS, founded in 1964, is a small nonprofit that reported $609K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

TO MAINTAIN THE HIGHEST STANDARDS OF CONDUCT, INTEGRITY, AND PROFICIENCY AMONGST INDEPENDENT AUTOMOTIVE DAMAGE APPRAISERS.

Program Service Accomplishments

Program 1

ACHIEVEMENTS INCLUDE EDUCATION AND IMPROVING THE QUALITY OF INDEPENDENT APPRAISALS FOR SUPPORTING THE INSURANCE INDUSTRY, MAINTAINING HIGH STANDARDS FOR MEMBERS AND THEIR PERFORMANCE AND ASSISTING...

ACHIEVEMENTS INCLUDE EDUCATION AND IMPROVING THE QUALITY OF INDEPENDENT APPRAISALS FOR SUPPORTING THE INSURANCE INDUSTRY, MAINTAINING HIGH STANDARDS FOR MEMBERS AND THEIR PERFORMANCE AND ASSISTING WITH PROVIDING MEMBERS SUBSTANTIAL SAVINGS ON SERVICES AND PURCHASES.

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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 $609,312

Investment Income $0

Other Revenue $0

TOTAL REVENUE $609,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $591,257

TOTAL EXPENSES $591,257

Year-over-Year Comparison

	2023	2022	Change
Revenue	$609,312	$803,279	-0.2%
Expenses	$591,257	$766,829	-0.2%
Net Income	$18,055	$36,450	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY SERIO	PRESIDENT	1.00	Officer Director	$0	$0	$0
WAYNE MARSDEN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
LEONIDAS PAPADADTONAKIS	NORTHEAST REGIONAL VP	1.00	Director	$0	$0	$0
RON CORREA	WESTERN REGIONAL VP	1.00	Director	$0	$0	$0
SCOTT WILLISON	MIDWEST REGIONAL VP	1.00	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	$609,312	$591,257	$376,330	$18,055
2023	$803,279	$766,829	$365,634	$36,450
2022	$746,801	$708,891	$299,888	$37,910
2021	$752,897	$760,979	$183,796	$-8,082
2020	$1,210,367	$1,200,073	$206,696	$10,294
2019	$1,501,547	$1,494,397	$263,203	$7,150
2018	$1,261,733	$1,259,191	$341,442	$2,542