NATIONAL INSURANCE PRODUCER REGIST… - 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

KAREN STAKEM HORNIG

Phone

8168423600

Tax Period

2024-01-01 to 2024-12-31

NATIONAL INSURANCE PRODUCER REGISTRY DBA NIPR, founded in 1996, is a mid-sized nonprofit that reported $89.8M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $77.8M left a modest 13% surplus.

Mission

NIPR IS A NOT-FOR-PROFIT TECHNOLOGY ORGANIZATION THAT PROVIDES COST-EFFECTIVE, STREAMLINED AND UNIFORM LICENSING DATA AND COMPLIANCE SERVICES FOR INSURANCE PROFESSIONALS. TOGETHER WITH THE NAIC AND THE INSURANCE INDUSTRY, NIPR PROTECTS AND SERVES INSURANCE CONSUMERS.

Program Service Accomplishments

Program 1

NIPR SUPPORTS THE MEMBERS OF THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC), A 501(C)(3) ORGANIZATION, THROUGH A LICENSE AND SERVICES AGREEMENT. NIPR, AS AN AFFILIATE ORGANIZATION OF THE NAIC, SUPPORTS THE STATE-BASED REGULATION OF THE INSURANCE INDUSTRY BY PROVIDING A COST-EFFECTIVE, STREAMLINED AND UNIFORM SYSTEM OF PRODUCER LICENSING. NIPR MAINTAINS A CENTRALIZED REPOSITORY OF INSURANCE PRODUCER AND INSURANCE ADJUSTER LICENSING INFORMATION. ADDITIONALLY, NIPR PROVIDES A PLATFORM FOR THE ELECTRONIC PROCESSING OF LICENSING AND OTHER APPLICATIONS AND REGULATORY COMPLIANCE REPORTS THAT SUPPORT THE INSURANCE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $82,315,519

Investment Income $7,432,650

Other Revenue $2,662

TOTAL REVENUE $89,750,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,734,733

Fundraising Expenses $0

Other Expenses $54,062,989

TOTAL EXPENSES $77,797,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,750,831	$75,055,830	+0.2%
Expenses	$77,797,722	$68,439,040	+0.1%
Net Income	$11,953,109	$6,616,790	+0.8%

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

Employees

165

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

$1,410,414

Key Employees

$2,169,481

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY BEAL	CHIEF OPERATING OFFICER/CHIEF LEGAL	1.00	Director	$0	$19,608	$824,449
GARY ANDERSON	CHIEF EXECUTIVE OFFICER NAIC	1.00	Director	$0	$15,562	$585,965
THE HONORABLE LARRY DEITER	DIRECTOR/ BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTHONY MADDOX	BOARD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THE HONORABLE LORI WING-HEIER	DIRECTOR/ BOARD SECRETARY/ TREASURER	1.00	Officer Director	$0	$0	$0
THE HONORABLE SHARON CLARK	DIRECTOR	1.00	Director	$0	$0	$0
KATE JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LEIFER	DIRECTOR	1.00	Director	$0	$0	$0
THE HONORABLE ALLAN MCVEY	DIRECTOR	1.00	Director	$0	$0	$0
THE HONORABLE GLEN MULREADY	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN PACHMAN	DIRECTOR	1.00	Director	$0	$0	$0
THE HONORABLE VICKI SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH TORTI III	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA WALTMAN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN STAKEN HORNIG	CHIEF EXECUTIVE OFFICER	37.50	Key Emp	$662,873	$13,801	$676,674
ERIC SAUL	CHIEF TECHNOLOGY OFFICER	37.50	Key Emp	$555,027	$13,801	$568,828
LAURIE WOLF	CRAO	37.50	Key Emp	$298,804	$25,281	$324,085
NADIA MALIK	CPO	37.50	Key Emp	$266,479	$35,578	$302,057
VALERIA WILLIAMS	CHIEF OPERATING OFFICER	37.50	Key Emp	$275,391	$22,446	$297,837
HEIDI WOOD	ASSISTANT DIRECTOR APPLICATION	37.50	Highest	$216,884	$35,388	$252,272
DENNIS WILSON	ASSISTANT DIRECTOR QUALITY ASSURANCE	37.50	Highest	$224,682	$21,890	$246,572
CASEY FOX	ASSISTANT DIRECTOR	37.50	Highest	$195,885	$35,356	$231,241
MICHELLE DEAN	ASSISTANT DIRECTOR BUSINESS SERVICES	37.50	Highest	$202,399	$12,734	$215,133
CARI LEE	ASSISTANT DIRECTOR REGULATORY AFFAIRS	37.50	Highest	$168,263	$26,565	$194,828

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	$89,750,831	$77,797,722	$128,366,400	$11,953,109
2023	$75,055,830	$68,439,040	$113,945,279	$6,616,790
2022	$69,990,640	$60,234,086	$100,835,699	$9,756,554
2021	$64,623,516	$50,807,319	$99,208,437	$13,816,197
2020	$49,206,747	$42,126,659	$81,222,130	$7,080,088
2019	$48,944,008	$40,780,318	$69,499,239	$8,163,690
2018	$42,252,103	$35,672,482	$58,372,825	$6,579,621

NATIONAL INSURANCE PRODUCER REGISTRY DBA NIPR