NATIONAL ASSOCIATION OF INDEPENDEN… - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

NINO BERARDI

Phone

8773440624

Tax Period

2025-01-01 to 2025-12-31

NATIONAL ASSOCIATION OF INDEPENDENT INSURANCE ADJUSTERS, founded in 1972, is a small nonprofit that reported $453K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. Expenses of $394K left a modest 13% surplus.

Mission

TO BRING INDEPENDENT INSURANCE ADJUSTERS TOGETHER TO PROMOTE EDUCATION, ENCOURAGEMENT, AND PROMOTE GENERAL WELFARE.

Program Service Accomplishments

Program 1

ANNUAL CONFERENCE AND MEETINGS TO BRING MEMBERS TOGETHER TO PROMOTE EDUCATIONAL PROGRAMS AND PROFESSIONAL GUIDANCE.

Program 2

ANNUAL MEMBERSHIP DIRECTORY DISTRIBUTED TO ALL MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $285,504

Program Service Revenue $137,414

Investment Income $30,561

Other Revenue $0

TOTAL REVENUE $453,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,774

Fundraising Expenses $63,871

Other Expenses $276,510

TOTAL EXPENSES $394,284

Year-over-Year Comparison

	2025	2024	Change
Revenue	$453,479	$526,130	-0.1%
Expenses	$394,284	$428,760	-0.1%
Net Income	$59,195	$97,370	-0.4%

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

171

Independent Members

171

Employees

Volunteers

N/A

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

$109,242

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERI CSOM	EXECUTIVE DI	40.00	Officer	$109,242	$0	$109,242
NINO BERARDI	PRESIDENT	10.00	Officer	$0	$0	$0
PAUL GRAF	SECRETARY/TR	N/A	Officer	$0	$0	$0
MICHAEL MARSH	PRESIDENT EL	3.00	Officer	$0	$0	$0
BILL SCHULENBERG	PAST PRESIDE	N/A	Officer	$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
2025	$453,479	$394,284	$942,305	$59,195
2024	$526,130	$428,760	$884,511	$97,370
2023	$505,917	$438,305	$694,869	$67,612
2023	$269,112	$144,848	$780,772	$124,264
2022	$580,530	$496,333	$547,055	$84,197
2021	$312,794	$236,526	$530,518	$76,268
2020	$365,492	$224,409	$369,319	$141,083

NATIONAL ASSOCIATION OF INDEPENDENT INSURANCE ADJUSTERS