THE COUNCIL FOUNDATION

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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

1993

Legal Domicile

Principal Officer

KEN A CRERAR

Phone

2027834400

Tax Period

2023-01-01 to 2023-12-31

THE COUNCIL FOUNDATION, founded in 1993, is a small nonprofit in the Unknown sector that reported $735K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 17% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO SECURE THE FUTURE OF THE COMMERCIAL INSURANCE BROKERAGE BUSINESS BY ATTRACTING AND DEVELOPING TOMORROW'S TALENT AND SUPPORTING FORWARD-THINKING RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $522,767

THE FOUNDATIONS AWARDS SCHOLARSHIPS TO SUPPORT SELECT COLLEGE AND UNIVERSITY STUDENTS CURRENTLY INTERNING AT COUNCIL MEMBER FIRMS THAT ALSO MAJOR IN BUSINESS, RISK MANAGEMENT AND INSURANCE.

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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 $558,387

Program Service Revenue $0

Investment Income $176,471

Other Revenue $0

TOTAL REVENUE $734,858

Expense Breakdown

Grants Paid $503,333

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $522,767

Other Expenses $104,617

TOTAL EXPENSES $607,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$734,858	$579,126	+0.3%
Expenses	$607,950	$565,991	+0.1%
Net Income	$126,908	$13,135	+8.7%

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

$2,299,392

Total Directors

$1,040,058

Key Employees

$865,695

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARKHAM MCKNIGHT	CHAIR	0.10	Officer Director	$0	$0	$0
ROBERT COHEN	VICE CHAIR	0.10	Officer Director	$0	$0	$0
GEORGE STEADMAN	TREASURER	0.10	Officer Director	$0	$0	$0
DAVID BECKER	DIRECTOR	0.10	Director	$0	$0	$0
HYATT BROWN	DIRECTOR	0.10	Director	$0	$0	$0
STEVE DECARLO	DIRECTOR	0.10	Director	$0	$0	$0
DAVID ESLICK	DIRECTOR	0.10	Director	$0	$0	$0
KEN EWELL	DIRECTOR	0.10	Director	$0	$0	$0
BOB HARRISON	DIRECTOR	0.10	Director	$0	$0	$0
BILL HENRY	DIRECTOR	0.10	Director	$0	$0	$0
TOM HUGHSTON	DIRECTOR	0.10	Director	$0	$0	$0
NANCY MELLARD	DIRECTOR	0.10	Director	$0	$0	$0
JOHN TALLARIDA	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT CAWLEY	DIRECTOR	0.10	Director	$0	$0	$0
TARUN CHOPRA	DIRECTOR	0.10	Director	$0	$0	$0
LORI GOLTERMANN	DIRECTOR	0.10	Director	$0	$0	$0
JOHN HOWARD	DIRECTOR	0.10	Director	$0	$0	$0
JEFFREY RODRIGUEZ	DIRECTOR	0.10	Director	$0	$0	$0
BUMPY TRICHE	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL VICTORSON	DIRECTOR	0.10	Director	$0	$0	$0
JOEL R WOOD	DIRECTOR & PRESIDENT OF CIAB	0.00	Director	$0	$88,859	$1,040,058
KEN A CRERAR	SECRETARY & CEO OF CIAB	1.87	Officer	$88,626	$55,334	$1,827,855
BENITA HARRISON-WICKLINE	CFO	1.87	Officer	$19,823	$75,084	$471,537
ELIZABETH MCDAID	SVP, MKTG & COMM	1.13	Key Emp	$18,080	$70,335	$431,920
SUSAN RUSHFORD	SVP, LEADERSHIP & MGMT	1.87	Key Emp	$11,043	$65,660	$433,775
NICOLE VASILE	VP, MARKETING & COMMUNICATIONS	1.87	Highest	$9,412	$53,632	$241,865

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	No data	No data	No data	No data
2023	$734,858	$607,950	$3,402,310	$126,908
2022	$579,126	$565,991	$3,044,272	$13,135
2021	$657,967	$496,376	$3,533,972	$161,591
2020	$529,996	$364,569	$3,306,403	$165,427
2019	$679,139	$485,708	$2,848,839	$193,431
2018	$546,476	$486,329	$2,588,338	$60,147