INDEPENDENT INSURANCE AGENTS OF WE… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

ANTHONY DEAL

Phone

3043422440

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENT INSURANCE AGENTS OF WEST VIRGINIA INC, founded in 1991, is a small nonprofit that reported $349K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

PROVIDE FOR THE ADVANCEMENT OF THE INDUSTRY, CONTINUING EDUCATION AND OTHER SERVICES FOR ITS MEMBERS.

Program Service Accomplishments

Program 1

CONFERENCES AND MEETINGS HELD FOR MEMBERS

Program 2

SEMINARS, EDUCATIONAL PROGRAMS AND INFORMATIONAL PUBLICATIONS FOR MEMBERS

Program 3

ERRORS AND OMISSIONS INSURANCE FOR MEMBERS

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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 $0

Program Service Revenue $337,777

Investment Income $11,530

Other Revenue $192

TOTAL REVENUE $349,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $377,835

TOTAL EXPENSES $377,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$349,499	$369,185	-0.1%
Expenses	$377,835	$373,358	+0.0%
Net Income	$-28,336	$-4,173	+5.8%

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

$41,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZETTE RAINES-ASHLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHAD NUZUM	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
CHRIS PARKER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTHONY DEAL	TREASURER	1.00	Officer Director	$0	$0	$0
TERRI DODRILL	NATIONAL DIRECTOR	1.00	Director	$0	$0	$0
BRADY CAMPBELL	YOUNG AGENT COMMITTEE CHAI	1.00	Director	$0	$0	$0
BETH BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CVECHKO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT F GROOM	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WINTER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
TRACI NELSON	CEO	1.00	Officer	$41,000	$0	$41,000

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	$349,499	$377,835	$306,906	$-28,336
2023	$369,185	$373,358	$501,246	$-4,173
2022	$351,757	$375,399	$472,409	$-23,642
2021	$319,621	$313,566	$483,398	$6,055
2020	$272,020	$279,581	$428,538	$-7,561
2019	$353,908	$334,397	$455,170	$19,511
2018	$341,864	$341,333	$405,884	$531

INDEPENDENT INSURANCE AGENTS OF WEST VIRGINIA INC