DELAWARE ASSOCIATION OF INS AGENTS & BROKERS INC (EIN 470901657) - 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

DELAWARE ASSOCIATION OF INS AGENTS & BROKERS INC, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $136K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $127K left a modest 6% 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 $79,853

Investment Income $13,015

Other Revenue $43,313

TOTAL REVENUE $136,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $52,025

Other Expenses $127,462

TOTAL EXPENSES $127,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,181	$118,691	+0.1%
Expenses	$127,462	$113,728	+0.1%
Net Income	$8,719	$4,963	+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

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
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
JASON RODRIGUEZ	CHAIR OF BOA	1.00	Director	$0	$0	$0
DEBRA MCAFEE	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY N STAFFORD	DIRECTOR	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
2025	$136,181	$127,462	$607,452	$8,719
2024	$118,691	$113,726	$618,328	$4,965
2023	$91,629	$95,812	$543,867	$-4,183
2022	$127,409	$117,040	$591,192	$10,369
2021	$113,070	$103,995	$575,828	$9,075
2021	$113,070	$103,995	$575,828	$9,075
2020	$151,951	$141,259	$590,504	$10,692
2019	$147,108	$146,725	$601,170	$383
2018	$127,760	$122,203	$569,708	$5,557

DELAWARE ASSOCIATION OF INS AGENTS & BROKERS INC