INDEPENDENT INSURANCE AGENTS OF INDIANA (EIN 350407385) - 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

1929

Legal Domicile

Principal Officer

STEPHEN W DUFF

Phone

3178243780

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT INSURANCE AGENTS OF INDIANA, founded in 1929, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Net assets of $2.8M represent 25 months of operating reserves.

Mission

PROVIDE EDUCATION AND SERVICES TO INDEPENDENT INSURANCE AGENTS. TO ENHANCE THE COMPETITIVE POSITION AND FULFILL BUSINESS REQUIREMENTS OF INDEPENDENT AGENTS AND BROKERS, ADVOCATING BUYER INTEREST, AND CONTINUALLY STRIVING TO BE THE PREMIER TRADE ASSOCIATION.

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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 $297,090

Program Service Revenue $849,542

Investment Income $132,699

Other Revenue $62,069

TOTAL REVENUE $1,341,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $568,065

Fundraising Expenses $0

Other Expenses $829,380

TOTAL EXPENSES $1,397,445

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,341,400	$1,511,655	-0.1%
Expenses	$1,397,445	$1,538,357	-0.1%
Net Income	$-56,045	$-26,702	+1.1%

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

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

$204,421

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT SCHULTHEIS	NATIONAL DIRECTOR	0.00	Officer Director	$0	$0	$0
CHRISTOPHER RUSH	PRESIDENT	0.00	Officer Director	$0	$0	$0
BRENT SKELTON	IMMEDIATE PAST PRESIDENT	0.00	Officer Director	$0	$0	$0
RYAN ZIMPLEMAN	PRESIDENT ELECT	0.00	Officer Director	$0	$0	$0
MARTIN DEZELAN	VICE PRESIDENT/SECRETARY	0.00	Officer Director	$0	$0	$0
VICKIE TALCOTT	DISTRICT 1 DIRECTOR	0.00	Director	$0	$0	$0
SUSAN RALSTON	DISTRICT 2 DIRECTOR	0.00	Director	$0	$0	$0
MATTHEW BRYAN	DISTRICT 3 DIRECTOR	0.00	Director	$0	$0	$0
J MONTE THOMPSON	DISTRICT 4 DIRECTOR	0.00	Director	$0	$0	$0
DOUG WALKER	DISTRICT 5 DIRECTOR	0.00	Director	$0	$0	$0
LISA SLONE	DISTRICT 6 DIRECTOR	0.00	Director	$0	$0	$0
JULIE M BRYNDAL	DIRECTOR AT LARGE	0.00	Director	$0	$0	$0
BENJAMIN ZIMMER	DIRECTOR AT LARGE	0.00	Director	$0	$0	$0
JAMES ANTON	DIRECTOR AT LARGE	0.00	Director	$0	$0	$0
STEPHEN SHOULTZ	DIRECTOR AT LARGE	0.00	Director	$0	$0	$0
TAYLOR SCHOEN	DIRECTOR AT LARGE	0.00	Director	$0	$0	$0
STEPHEN DUFF	CEO	40.00	Officer	$138,280	$11,382	$149,662
AMY MILLER	CONTROLLER	25.00	Officer	$53,700	$1,059	$54,759

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	$1,341,400	$1,397,445	$3,819,591	$-56,045
2022	$1,511,655	$1,538,357	$3,458,329	$-26,702
2021	$1,449,028	$1,257,091	$3,473,771	$191,937
2020	$1,454,612	$1,288,681	$3,012,348	$165,931
2019	$2,085,579	$1,651,613	$2,827,891	$433,966
2018	$1,641,256	$1,668,208	$2,193,341	$-26,952

INDEPENDENT INSURANCE AGENTS OF INDIANA