INDEPENDENT INSURANCE AGENTS OF WISCONSIN INC (EIN 390711474) - 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

1950

Legal Domicile

Principal Officer

MATTHEW BANASZYNSKI

Phone

6082564429

Tax Period

2023-09-01 to 2024-08-31

INDEPENDENT INSURANCE AGENTS OF WISCONSIN INC, founded in 1950, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE AND REPRESENT THE COMMON BUSINESS INTERESTS OF INDEPENDENT INSURANCE AGENTS WITHIN THE INSURANCE INDUSTRY IN THE STATE OF WISCONSIN, BEFORE THE WISCONSIN STATE LEGISLATURE AND OTHER PUBLIC BODIES, AND BEFORE THE PUBLIC.

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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 $138,481

Program Service Revenue $1,221,417

Investment Income $53,370

Other Revenue $542,155

TOTAL REVENUE $1,955,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $957,520

Fundraising Expenses $0

Other Expenses $941,358

TOTAL EXPENSES $1,898,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,955,423	$1,708,569	+0.1%
Expenses	$1,898,878	$1,680,334	+0.1%
Net Income	$56,545	$28,235	+1.0%

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

$589,071

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ANSAY	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOANNE LUKAS SZYMASZEK	VICE-PRESIDENT	4.00	Officer Director	$0	$0	$0
DAN LAU	SECRETARY - TREASURER	4.00	Officer Director	$0	$0	$0
NICK ARNOLDY	CHAIRMAN OF THE BOARD OF DIRECTORS	4.00	Officer Director	$0	$0	$0
STEVE LEITCH	STATE-NATIONAL DIRECTOR	4.00	Officer Director	$0	$0	$0
JANEL BAZAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
AARON MARSH	DIRECTOR	1.00	Director	$0	$0	$0
BETH DELAFOREST	DIRECTOR	1.00	Director	$0	$0	$0
JASON KNOCKEL	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA NELSON	DIRECTOR	1.00	Director	$0	$0	$0
BRAD REITZNER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW BANASZYNSKI	CHIEF EXECUTIVE OFFICER	53.00	Officer	$368,077	$55,960	$424,037
MALLORY CORNELL	EXECUTIVE VICE PRESIDENT	40.00	Officer	$131,252	$33,782	$165,034

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	$1,955,423	$1,898,878	$3,225,668	$56,545
2023	$1,708,569	$1,680,334	$2,904,620	$28,235
2022	$1,172,993	$1,110,206	$2,740,637	$62,787
2021	$1,076,090	$981,203	$3,023,634	$94,887
2020	$884,128	$868,311	$2,717,799	$15,817

INDEPENDENT INSURANCE AGENTS OF WISCONSIN INC