INDUSTRY EDUCATION COUNCIL TO NCOI… - 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

1996

Legal Domicile

Principal Officer

LISA PIERCE

Phone

5182531000

Tax Period

2024-01-01 to 2024-12-31

INDUSTRY EDUCATION COUNCIL TO NCOIL INC, founded in 1996, is a small nonprofit that reported $107K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $103K left a modest 4% surplus.

Mission

PROVIDE FINANCIAL AND EDUCATIONAL SUPPORT FOR NCOIL PROGRAMS & RESEARCH AND FOR THE INSURANCE LEGISLATORS FOUNDATION.

Program Service Accomplishments

Program 1

Expenses: $55,000

PROVIDE FINANCIAL SUPPORT FOR EDUCATIONAL RESEARCH AND INFORMATIONAL PROGRAMS AND PROJECTS ASSOCIATED WITH THE NATIONAL COUNCIL OF INSURANCE LEGISLATORS AND THE INSURANCE LEGISLATORS FOUNDATION.

Program 2

Expenses: $27,068

MEETINGS, TOPIC DEVELOPMENT, AND NEWSLETTER ARTICLE DEVELOPMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $103,500

Program Service Revenue $0

Investment Income $3,923

Other Revenue $0

TOTAL REVENUE $107,423

Expense Breakdown

Grants Paid $55,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,068

Other Expenses $47,907

TOTAL EXPENSES $102,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$107,423	$88,112	+0.2%
Expenses	$102,907	$90,197	+0.1%
Net Income	$4,516	$-2,085	-3.2%

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

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
NANCY CRESPO	SECRETARY/TR	N/A	Officer	$0	$0	$0
SUZANNE LOOMIS	VICE CHAIR	N/A	Officer	$0	$0	$0
LISA PIERCE	CHAIR	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	No data	No data	No data	No data
2024	$107,423	$102,907	$150,070	$4,516
2023	$88,112	$90,197	$174,012	$-2,085
2022	$93,652	$91,904	$148,264	$1,748
2021	$93,174	$103,452	$147,705	$-10,278
2020	$102,988	$109,624	$158,130	$-6,636
2019	$114,164	$132,619	$122,926	$-18,455
2018	$131,804	$154,892	$144,093	$-23,088

INDUSTRY EDUCATION COUNCIL TO NCOIL INC