INTERNATIONAL ASSOCIATION OF CLAIMS PROFESSIONALS

EIN: 363017955

PALISADES, NY

Total Revenue
$1,049,906
Total Expenses
$959,408
Total Assets
$655,635
Net Assets
$456,889
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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
1970
Legal Domicile
IL
Principal Officer
ROBERT RICCOBONO
Phone
9178611383
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL ASSOCIATION OF CLAIMS PROFESSIONALS, founded in 1970, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $959K left a modest 9% surplus.

Mission

EDUCATE MEMBERS ON THE CURRENT TRENDS AND ISSUES OF THE INSURANCE CLAIM INDUSTRY.

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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 $878,002
Investment Income $7,329
Other Revenue $164,575
TOTAL REVENUE $1,049,906

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $815,542
Other Expenses $959,408
TOTAL EXPENSES $959,408

Year-over-Year Comparison

2024 2023 Change
Revenue $1,049,906 $908,906 +0.2%
Expenses $959,408 $809,565 +0.2%
Net Income $90,498 $99,341 -0.1%
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

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Governance

Voting Members
584
Independent Members
584
Employees
N/A
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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEIHA CHOHAN DIRECTOR 2.00
Director
$0 $0 $0
BETH DIAMOND DIRECTOR 2.00
Director
$0 $0 $0
KIERA GORAL DIRECTOR 2.00
Director
$0 $0 $0
CATHERINE A KALAYDJIAN DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL MEKOTA DIRECTOR 2.00
Director
$0 $0 $0
JOHN PARSLEY DIRECTOR 2.00
Director
$0 $0 $0
JAMES SHORT DIRECTOR 2.00
Director
$0 $0 $0
SCOTT TRUSS DIRECTOR 2.00
Director
$0 $0 $0
BEN WATHEN DIRECTOR 2.00
Director
$0 $0 $0
PATRICIA WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
STEVEN CLARK VICE PRESIDE 2.00
Officer
$0 $0 $0
MELISSA HILL SECRETARY 2.00
Officer
$0 $0 $0
CORINNE KRUSE PRESIDENT 2.00
Officer
$0 $0 $0
JAMES PARKER IMMEDIATE PA 2.00
Officer
$0 $0 $0
ROBERT RICCOBONO TREASURER 2.00
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 No data No data No data No data
2024 $1,049,906 $959,408 $655,635 $90,498
2023 $908,906 $809,565 $527,582 $99,341
2022 $805,819 $778,816 $371,319 $27,003
2021 $545,831 $502,032 $471,542 $43,799
2020 $185,166 $160,844 $205,792 $24,322
2019 $807,053 $796,985 $392,066 $10,068
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