PROFESSIONAL INSURANCE AGENTS OF N… - 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

1948

Legal Domicile

Principal Officer

CATHERINE KLASI

Phone

4023921611

Tax Period

2023-04-01 to 2024-03-31

PROFESSIONAL INSURANCE AGENTS OF NE IA INC, founded in 1948, is a small nonprofit that reported $758K in total revenue in fiscal year 2023.

Mission

TO PROMOTE THE PROSPERITY, GROWTH, AND THE PERPETUATION OF OUR MEMBERS AS PROFESSIONALS IN THE NEBRASKA AND IOWA INSURANCE INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $380,628

EDUCATION & CERTIFICATION OF OVER ONE THOUSAND MEMBERS AND AGENTS IN THE INSURANCE INDUSTRY. PROVIDED DOZENS OF EDUCATION SEMINARS AT VARIOUS LOCATIONS WITHIN THE STATE.

Program 2

Expenses: $39,062

COMMITTEE MEETINGS FOR MEMBERS AND AGENTS IN THE INSURANCE INDUSTRY TO PROMOTE INDUSTRY SPECIFIC IDEAS. THE ORGANIZATION PROVIDED A FORUM FOR INSURANCE AGENTS TO SPEAK ABOUT VARIOUS PROBLEMS...

COMMITTEE MEETINGS FOR MEMBERS AND AGENTS IN THE INSURANCE INDUSTRY TO PROMOTE INDUSTRY SPECIFIC IDEAS. THE ORGANIZATION PROVIDED A FORUM FOR INSURANCE AGENTS TO SPEAK ABOUT VARIOUS PROBLEMS, OPPORTUNITIES, AND CHANGES WITHIN THE INSURANCE INDUSTRY.

Program 3

Expenses: $4,788

LEGISLATIVE EFFORTS TO PROMOTE THE INSURANCE INDUSTRY WITHIN NEBRASKA.

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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 $74,543

Program Service Revenue $668,787

Investment Income $5,967

Other Revenue $8,414

TOTAL REVENUE $757,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,926

Fundraising Expenses $0

Program Expenses $424,478

Other Expenses $594,779

TOTAL EXPENSES $774,705

Year-over-Year Comparison

	2023	2022	Change
Revenue	$757,711	$749,620	+0.0%
Expenses	$774,705	$741,810	+0.0%
Net Income	$-16,994	$7,810	-3.2%

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

$85,198

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH MARSHALL	PRESIDENT	2.00	Officer Director	$0	$0	$0
TYLER LICHTY	TREASURER	2.00	Officer Director	$0	$0	$0
TYSON JORDENING	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK SUHR	NATIONAL DIRECTOR	2.00	Officer Director	$0	$0	$0
AMY KOTAS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK WEHLING	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN ALDER	DIRECTOR	1.00	Director	$0	$0	$0
BRITNEY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
RJ GALL	DIRECTOR	1.00	Director	$0	$0	$0
JON W SOSTAD	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE KLASI	EXECUTIVE DIRECTOR	40.00	Officer	$74,313	$10,885	$85,198

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	$757,711	$774,705	$375,569	$-16,994
2023	$749,620	$741,810	$392,556	$7,810
2022	$752,703	$740,163	$384,725	$12,540
2021	$713,118	$608,745	$372,258	$104,373
2020	$714,485	$685,290	$267,863	$29,195
2019	$745,568	$763,566	$238,636	$-17,998

PROFESSIONAL INSURANCE AGENTS OF NE IA INC