PROFESSIONAL INSURANCE AGENTS ASSO… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

SHERYL CHASSE

Phone

8042642582

Tax Period

2023-01-01 to 2023-12-31

PROFESSIONAL INSURANCE AGENTS ASSOC OF VIRGINIA AND THE DISTRICT OF COLUMBIA, founded in 1936, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 12% surplus.

Mission

PIAA WAS ORGANIZED TO PROVIDE EDUCATION FOR ITS MEMBERS, PROTECT MEMBER'S OWNERSHIP RIGHTS OF BUSINESS THEY PRODUCE, PROMOTE HIGH IDEALS IN THE INSURANCE INDUSTRY, AND DISSEMINATE INFORMATION TO THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $375,341 Revenue: $548,734

EDUCATIONAL COURSES - EDUCATIONAL PROGRAMS & SEMINARS ARE HELD THROUGHOUT VIRGINIA & DC TO EDUCATE INSURANCE PROFESSIONALS AND TO STIMULATE INTEREST IN INSURANCE ISSUES.

Program 2

Expenses: $63,080 Revenue: $106,878

CONVENTIONS - CONVENTIONS ARE HELD TO EDUCATE INSURANCE PROFESSIONALS AS WELL AS MAINTAIN THEIR HIGH STANDARDS IN DEALING WITH CLIENTS.

Program 3

Expenses: $598,097 Revenue: $326,703

ADMINISTRATIVE FEES AND OTHER PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $174,285

Program Service Revenue $993,265

Investment Income $1,836

Other Revenue $12,340

TOTAL REVENUE $1,181,726

Expense Breakdown

Grants Paid $3,392

Salaries & Benefits $385,809

Fundraising Expenses $0

Program Expenses $1,036,518

Other Expenses $647,317

TOTAL EXPENSES $1,036,518

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,181,726	$1,054,211	+0.1%
Expenses	$1,036,518	$978,891	+0.1%
Net Income	$145,208	$75,320	+0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$168,168

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA JEAN MARKS	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSHUA T SOJDA	PRESIDENT	1.00	Officer Director	$0	$0	$0
S COLE TUCKER JR	NATIONAL DIRECTOR	1.00	Director	$0	$0	$0
RICHARD L MOORE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DAVID L COMEY	MEMBER	1.00	Director	$0	$0	$0
JOEL K FRAZIER	MEMBER	1.00	Director	$0	$0	$0
JOHN POTTHAST	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHANNON S SPRINGER	MEMBER	1.00	Director	$0	$0	$0
LINDA WALKER	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHERYL CHASSE	ASSOCIATION EXECUTIVE	40.00	Officer	$82,584	$5,453	$88,037
KEVIN KOWAR	FORMER ASSOCIATION EXEC.	40.00	Officer	$75,470	$4,661	$80,131

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	$1,181,726	$1,036,518	$235,459	$145,208
2022	$1,054,211	$978,891	$152,424	$75,320
2021	$932,742	$891,375	$159,503	$41,367
2020	$900,960	$794,876	$308,432	$106,084
2019	$828,495	$839,120	$295,404	$-10,625
2018	$898,366	$962,187	$346,822	$-63,821

PROFESSIONAL INSURANCE AGENTS ASSOC OF VIRGINIA AND THE DISTRICT OF COLUMBIA