GREATER WASHINGTON FOUNDATION OF INSURANCE AND FINANCIAL ADVISORS (EIN 521935068) - 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

2007

Legal Domicile

Principal Officer

DILIP JHAVERI

Phone

8447172858

Tax Period

2024-01-01 to 2024-12-31

GREATER WASHINGTON FOUNDATION OF INSURANCE AND FINANCIAL ADVISORS, founded in 2007, is a micro nonprofit in the Employment sector that reported $89K in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 58% operating margin.

Mission

TO FOSTER AND MAINTAIN HIGH STANDARDS OF PERFORMANCE AND CONDUCT AMONG PROFESSIONAL INSURANCE AND FINANCIAL ADVISORS AND TO PROMOTE UNDERSTANDING OF THE BUSINESS OF LIFE INSURANCE AND APPLIED PRODUCTS THROUGH EDUCATION AND RESEARCH.

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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 $26,805

Program Service Revenue $0

Investment Income $37,239

Other Revenue $25,396

TOTAL REVENUE $89,440

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $1,800

Program Expenses $16,603

Other Expenses $22,255

TOTAL EXPENSES $37,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,440	$53,855	+0.7%
Expenses	$37,255	$26,446	+0.4%
Net Income	$52,185	$27,409	+0.9%

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
CONNIE GOLLEHER	DIRECTOR	1.00	Director	$0	$0	$0
PETER GLASSMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CONLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MATT GRACE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN BUCK	DIRECTOR	1.00	Director	$0	$0	$0
BROCK JOLLY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER PIRTLE	DIRECTOR	1.00	Director	$0	$0	$0
DAN ALTMIRE	DIRECTOR	1.00	Director	$0	$0	$0
ROCK BROCKMAN	PAST PRESIDENT	2.00	Officer	$0	$0	$0
JEFF HAMBLEN	VICE PRESIDENT	2.00	Officer	$0	$0	$0
KEVIN JONES	SECRETARY	2.00	Officer	$0	$0	$0
MATT WEIDER	TREASURER	2.00	Officer	$0	$0	$0
DILIP JHAVERI	PRESIDENT	2.00	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	No data	No data	No data	No data
2024	$89,440	$37,255	$510,253	$52,185
2023	$53,855	$26,446	$420,346	$27,409

GREATER WASHINGTON FOUNDATION OF INSURANCE AND FINANCIAL ADVISORS