Independent Insurance Agents of Ge… - 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

1950

Legal Domicile

Principal Officer

Stephen Phillips

Phone

8102300020

Tax Period

2023-09-01 to 2024-08-31

Independent Insurance Agents of Genesee County, founded in 1950, is a micro nonprofit that reported $23K in total revenue in fiscal year 2023. The organization ran a surplus of $11K, a strong 48% operating margin.

Mission

Public education regarding fire, crime and accident prevention.

Program Service Accomplishments

Program 1

Community education to promote fire, accident and crime prevention programs. Youth projects to promote safety and goodwill in various communities.

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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 $16,970

Program Service Revenue $0

Investment Income $5,688

Other Revenue $0

TOTAL REVENUE $22,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $11,684

TOTAL EXPENSES $11,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,658	$22,440	+0.0%
Expenses	$11,684	$28,419	-0.6%
Net Income	$10,974	$-5,979	-2.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Todd McCredie	President	4.00	Officer Director	$0	$0	$0
David Neumann	Vice President	4.00	Officer Director	$0	$0	$0
Zach Phillips	Secretary	8.00	Officer Director	$0	$0	$0
Dan McMunigal	Director	2.00	Director	$0	$0	$0
David Walker	Director	2.00	Director	$0	$0	$0
Stephen Phillips	Treasurer	8.00	Officer Director	$0	$0	$0
Zach McMunigal	Director	2.00	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	$22,658	$11,684	$103,972	$10,974
2023	$22,440	$28,419	$91,917	$-5,979
2022	$17,864	$21,091	$99,227	$-3,227
2021	$18,878	$12,186	$109,303	$6,692
2020	$11,577	$14,905	$98,909	$-3,328

Independent Insurance Agents of Genesee County