NATIONAL ASSOCIATION OF INSURANCE … - 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

Legal Domicile

Principal Officer

BARRY DELP

Phone

5154711304

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS-IOWA is a small nonprofit that reported $220K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Net assets of $518K represent 28 months of operating reserves.

Mission

ENHANCE BUSINESS AND PROFESSIONAL SKILLS OF MEMBERS, PROMOTE THE PROFESSION AND ETHICAL CONDUCT OF ADVISORS, ADVOCATE FOR A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT.

Program Service Accomplishments

Program 1

EDUCATIONAL AND TRAINING PROGRAMS INCLUDING AN ANNUAL CONVENTION, REGIONAL WORKSHOPS AND OTHER EVENTS. PROGRAMS PROVIDE MEMBERS WITH UP-TO-DATE TRADE INFORMATION, SALES TRAINING, AND NETWORKING...

EDUCATIONAL AND TRAINING PROGRAMS INCLUDING AN ANNUAL CONVENTION, REGIONAL WORKSHOPS AND OTHER EVENTS. PROGRAMS PROVIDE MEMBERS WITH UP-TO-DATE TRADE INFORMATION, SALES TRAINING, AND NETWORKING OPPORTUNITIES.

Program 2

PUBLISH THE IOWA ADVISOR MAGAZINE QUARTERLY FOR IOWA'S INSURANCE AND FINANCIAL ADVISORS AND OTHER INDUSTRY STAKEHOLDERS. EACH ISSUE OF THE IOWA ADVISOR INCUDES PRACTICE MANAGEMENT RESOUCES, SALES...

PUBLISH THE IOWA ADVISOR MAGAZINE QUARTERLY FOR IOWA'S INSURANCE AND FINANCIAL ADVISORS AND OTHER INDUSTRY STAKEHOLDERS. EACH ISSUE OF THE IOWA ADVISOR INCUDES PRACTICE MANAGEMENT RESOUCES, SALES IDEAS, REGULATORY AND LEGISLATIVE INFORMATION, AS WELL AS OTHER INDUSTRY NEWS.

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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 $9,934

Program Service Revenue $193,599

Investment Income $16,822

Other Revenue $0

TOTAL REVENUE $220,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $217,277

TOTAL EXPENSES $217,277

Year-over-Year Comparison

	2023	2022	Change
Revenue	$220,355	$247,392	-0.1%
Expenses	$217,277	$251,940	-0.1%
Net Income	$3,078	$-4,548	-1.7%

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

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
ROGER MCCULLOUGH	NTNL CMTEE PRSN	1.00	Director	$0	$0	$0
MIKE GRANDGEORGE	TREASURER	1.00	Officer Director	$0	$0	$0
LYNN SCHREDER	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG ADAMSON	VP IFAPAC	2.00	Director	$0	$0	$0
ANN HUDSON	VP LILI	2.00	Director	$0	$0	$0
BRENDA ECKARD	VP AFFL PROGRAM	2.00	Director	$0	$0	$0
BARRY DELP	PRESIDENT	2.00	Officer Director	$0	$0	$0
PEG FRASER	VP CONVENTION	2.00	Director	$0	$0	$0
BARB COLLINS	VP GRASSROOTS	2.00	Director	$0	$0	$0
DANNY MIELNECZEK	VP YAT	1.00	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	No data	No data	No data	No data
2023	$220,355	$217,277	$576,052	$3,078
2022	$247,392	$251,940	$536,667	$-4,548
2021	$191,270	$243,410	$623,310	$-52,140
2020	$189,769	$251,832	$582,282	$-62,063
2019	$208,974	$206,562	$587,127	$2,412

NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS-IOWA