Professional Insurance Agents of ND Inc (EIN 450308276) - 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

1986

Legal Domicile

Principal Officer

Shane Larck

Phone

7019366766

Tax Period

2024-01-01 to 2024-12-31

Professional Insurance Agents of ND Inc, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $560K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $516K left a modest 8% surplus.

Mission

To provide resources to members regarding 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 $112,177

Program Service Revenue $418,256

Investment Income $29,249

Other Revenue $0

TOTAL REVENUE $559,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,361

Fundraising Expenses $0

Other Expenses $229,975

TOTAL EXPENSES $516,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$559,682	$497,585	+0.1%
Expenses	$516,336	$507,680	+0.0%
Net Income	$43,346	$-10,095	-5.3%

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

$197,483

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Becher	Executive Director	40.00	Officer	$176,000	$21,483	$197,483
Jeff Mostad	Past President (Jan-May)	0.50	Officer Director	$0	$0	$0
Dean Mastel President Jan-May	Past Pres (June-Dec)	0.50	Officer Director	$0	$0	$0
Shane Larck Pres-Elect Jan-May	President (June-Dec)	0.50	Officer Director	$0	$0	$0
Kalli Black Director Jan-May	Vice President (June-Dec)	0.50	Officer Director	$0	$0	$0
Joe Belo Vice Pres Jan-May	Pres Elect (June-Dec)	0.50	Officer Director	$0	$0	$0
Lu Haugen	Director	0.50	Director	$0	$0	$0
Brandon Turnbow	Director	0.50	Director	$0	$0	$0
Dan VanEngelenhoven	Director	0.50	Director	$0	$0	$0
Brian Halvorson	Director	0.50	Director	$0	$0	$0
Dan Farstveet	Director	0.50	Director	$0	$0	$0
Jill Bock	Director	0.50	Director	$0	$0	$0
Brody Hjelmstad	Director	0.50	Director	$0	$0	$0
Pat Thomas	Director (Jan-May)	0.50	Director	$0	$0	$0
Jonni Kramlich	Director (June-Dec)	0.50	Director	$0	$0	$0
Kurt Weninger	Director (June-Dec)	0.50	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
2025	No data	No data	No data	No data
2024	$559,682	$516,336	$955,766	$43,346
2023	$497,585	$507,680	$912,411	$-10,095
2022	$515,843	$474,789	$919,913	$41,054
2021	$447,914	$455,862	$895,947	$-7,948
2020	$469,523	$400,182	$904,024	$69,341
2019	$478,101	$467,826	$829,204	$10,275
2018	$467,403	$454,198	$811,551	$13,205

Professional Insurance Agents of ND Inc