AMERICAN ASSOCIATION OF INSURANCE SERVICES (EIN 362021360) - 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

1984

Legal Domicile

Principal Officer

WERNER KRUCK

Phone

6306818347

Tax Period

2023-07-01 to 2024-06-30

AMERICAN ASSOCIATION OF INSURANCE SERVICES, founded in 1984, is a mid-sized nonprofit that reported $28.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE INTERESTS OF AFFILIATED AND ORGANIZED GROUPS OF INSURANCE COMPANIES.

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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 $29,271,702

Investment Income $-629,529

Other Revenue $0

TOTAL REVENUE $28,642,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,372,284

Fundraising Expenses $0

Other Expenses $7,531,362

TOTAL EXPENSES $27,903,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,642,173	$26,073,591	+0.1%
Expenses	$27,903,646	$27,002,063	+0.0%
Net Income	$738,527	$-928,472	-1.8%

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

Governance

Voting Members

Independent Members

Employees

127

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

$3,266,051

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID B DUCLOS	DIRECTOR	1.00	Director	$0	$0	$0
M ROSS FISHER	DIRECTOR	1.00	Director	$0	$0	$0
RANDY SHAW	DIRECTOR	1.00	Director	$0	$0	$0
JILL WAGNER KELLY	DIRECTOR	1.00	Director	$0	$0	$0
KEITH WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
LISA PECHAN	DIRECTOR	1.00	Director	$0	$0	$0
RENEE BEAUFORD	DIRECTOR	1.00	Director	$0	$0	$0
CYSTAL OTTAVIANO	DIRECTOR	1.00	Director	$0	$0	$0
WERNER KRUCK	PRESIDENT & CEO	40.00	Officer	$299,803	$12,758	$312,561
CHRISTOPHER BUNCH	CHIEF FINANCIAL OFFICER	40.00	Officer	$100,313	$5,114	$105,427
EDMUND KELLY END 12312023	PRESIDENT AND CEO	40.00	Officer	$1,201,505	$25,172	$1,226,677
JOAN ZERKOVICH END 08082023	SVP	40.00	Officer	$1,127,573	$23,508	$1,151,081
TERESA WESTCOTT END 10112023	VP-LEGAL & COMPLIANCE	40.00	Officer	$449,253	$21,052	$470,305
JOHN KADOUS	VICE PRESIDENT OF PRODUCTS	40.00	Highest	$419,376	$36,362	$455,738
KEN SAYERS	VICE PRESIDENT OF TECHNOLOGY	40.00	Highest	$290,265	$35,945	$326,210
MICHAEL PAYNE	VICE PRESIDENT OF ACTUARIAL SERVICES / CHIEF PRICI	40.00	Highest	$451,977	$27,714	$479,691
KAREN SHERIDAN	DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$281,962	$19,404	$301,366
JOHN GREENE END 41224	DIRECTOR OF MARKETING & COMMUNICATIONS	40.00	Highest	$410,829	$16,838	$427,667

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	No data	No data	No data	No data
2024	$28,642,173	$27,903,646	$28,362,049	$738,527
2023	$26,073,591	$27,002,063	$29,082,082	$-928,472
2022	$23,996,929	$22,506,361	$24,837,464	$1,490,568
2021	$21,784,346	$20,459,906	$23,041,835	$1,324,440
2020	$19,472,527	$19,579,655	$12,541,950	$-107,128

AMERICAN ASSOCIATION OF INSURANCE SERVICES