METROPOLITAN WASHINGTON ASSOCIATION OF INDEPENDENT INSURANCE AGENTS INC (EIN 526066961) - 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

1959

Legal Domicile

Principal Officer

PATRICK HOWARD

Phone

7037065446

Tax Period

2023-09-01 to 2024-08-31

METROPOLITAN WASHINGTON ASSOCIATION OF INDEPENDENT INSURANCE AGENTS INC, founded in 1959, is a small nonprofit that reported $106K in total revenue in fiscal year 2023. Net assets of $378K represent 43 months of operating reserves.

Mission

TO SUPPORT AND PROMOTE INDEPENDENT INSURANCE AGENCIES.

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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 $0

Program Service Revenue $80,893

Investment Income $9,457

Other Revenue $15,638

TOTAL REVENUE $105,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,000

Fundraising Expenses $0

Other Expenses $33,944

TOTAL EXPENSES $104,944

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,988	$106,042	0.0%
Expenses	$104,944	$138,254	-0.2%
Net Income	$1,044	$-32,212	-1.0%

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

$71,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK HOWARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK FLEMING	TREASURER	1.00	Officer Director	$0	$0	$0
AMIR ALI	DIRECTOR	1.00	Director	$0	$0	$0
LEE MCWHIRTER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL QUIRK	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA WISE	EXECUTIVE DI	40.00	Officer	$71,000	$0	$71,000

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	$105,988	$104,944	$380,740	$1,044
2023	$106,042	$138,254	$338,043	$-32,212
2022	$110,938	$120,706	$356,203	$-9,768
2021	$116,973	$99,282	$417,683	$17,691
2020	$121,692	$121,627	$348,292	$65
2019	$122,321	$127,100	$323,650	$-4,779
2018	$137,566	$137,369	$348,081	$197

METROPOLITAN WASHINGTON ASSOCIATION OF INDEPENDENT INSURANCE AGENTS INC