PROFESSIONAL INSURANCE AGENTS ASSOC OF VIRGINIA AND THE DISTRICT OF COLUMBIA (EIN 546039747) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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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 small nonprofit in the Community Improvement sector that reported $898K in total revenue in fiscal year 2018.

Mission

EDUCATION OF INSURANCE PROFESSIONALS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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

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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

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