INS AGENTS & BROKERS OF MARYLAND INC (EIN 470901656) - 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

2002

Legal Domicile

Principal Officer

JASON F ERNEST

Phone

7177959100

Tax Period

2024-04-01 to 2025-03-31

INS AGENTS & BROKERS OF MARYLAND INC, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $477K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $461K left a modest 3% surplus.

Mission

THE PURPOSE OF THE CORPORATION IS TO PROMOTE THE INTEREST, WELFARE AND COMMON GOOD OF THE INSURANCE AGENCY BUSINESS AND THE AMERICAN AGENCY SYSTEM.

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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 $289,495

Investment Income $30,778

Other Revenue $157,025

TOTAL REVENUE $477,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $188,619

Other Expenses $460,803

TOTAL EXPENSES $460,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,298	$437,976	+0.1%
Expenses	$460,803	$419,814	+0.1%
Net Income	$16,495	$18,162	-0.1%

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
GREG BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PAPA	DIRECTOR	1.00	Director	$0	$0	$0
KENT REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE THOMAS	CHAIR OF BOA	1.00	Director	$0	$0	$0
JASON F ERNEST	PRESIDENT &	1.00	Officer	$0	$0	$0
KEITH E FOSTER	TREASURER &	1.00	Officer	$0	$0	$0
TIMOTHY A WONDER	SECRETARY	1.00	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	$477,298	$460,803	$1,226,386	$16,495
2024	$437,976	$419,814	$1,165,241	$18,162
2023	$375,860	$390,738	$1,001,078	$-14,878
2022	$443,664	$421,550	$1,097,058	$22,114
2021	$433,900	$404,833	$1,099,228	$29,067
2020	$489,794	$460,580	$1,055,307	$29,214
2019	$490,936	$492,510	$1,706,692	$-1,574
2018	$532,854	$514,819	$1,210,571	$18,035

INS AGENTS & BROKERS OF MARYLAND INC