INSURANCE ACCOUNTING AND SYSTEMS ASSOCIATION INC (EIN 561526114) - 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

1986

Legal Domicile

Principal Officer

JEFFREY A SCHEIDT

Phone

6106442100

Tax Period

2023-07-01 to 2024-06-30

INSURANCE ACCOUNTING AND SYSTEMS ASSOCIATION INC, founded in 1986, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 87% operating deficit.

Mission

TO SHAPE, INFLUENCE, ELEVATE AND STRENGTHEN THE INSURANCE INDUSTRY THROUGH PROFESSIONAL GROWTH.

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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 $1,077,709

Investment Income $36,648

Other Revenue $89,718

TOTAL REVENUE $1,204,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,754

Fundraising Expenses $0

Program Expenses $1,820,220

Other Expenses $2,001,134

TOTAL EXPENSES $2,252,888

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,204,075	$1,512,064	-0.2%
Expenses	$2,252,888	$2,150,974	+0.0%
Net Income	$-1,048,813	$-638,910	+0.6%

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

N/A

Employees

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

$4,229,188

Total Directors

$3,997,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER L MILLER	PRESIDENT & CEO (BEG OCT 2023)	2.0	Officer Director	$0	$220,597	$2,437,369
KATHERINE HOROWITZ	SECRETARY (BEG OCT 2023)	2.0	Officer Director	$0	$62,870	$993,683
JEFFREY A SCHEIDT	TREASURER (BEG OCT 2023)	2.0	Officer Director	$0	$68,887	$566,648
KERRY CROCKETT	CEO (END OCT 2023)	40.0	Officer	$155,697	$31,001	$231,488
JASON NICKLES	MEMBER-AT-LARGE (END OCT 2023)	2.0	Director	$0	$0	$0
DOUG RAMSEY	BOARD CHAIR (END OCT 2023)	2.0	Officer Director	$0	$0	$0
TERRY OLEJNIK	CHAIR-ELECT (END OCT 2023)	2.0	Officer Director	$0	$0	$0
DAN BUTTKE	MEMBER-AT-LARGE (END OCT 2023)	2.0	Director	$0	$0	$0
ELISE FARNHAM	MEMBER-AT-LARGE (END OCT 2023)	2.0	Director	$0	$0	$0
RYAN HANSON	MEMBER-AT-LARGE (END OCT 2023)	2.0	Director	$0	$0	$0
ROD VAN GENDEREN	SECRETARY-TREAS (END OCT 2023)	2.0	Officer Director	$0	$0	$0
KRISTINE WEBER	MEMBER-AT-LARGE (END OCT 2023)	2.0	Director	$0	$0	$0
CLAIRE BURKE	MEMBER-AT-LARGE (END OCT 2023)	2.0	Director	$0	$0	$0
ANNA M KOOI	MEMBER-AT-LARGE (END OCT 2023)	2.0	Director	$0	$0	$0
WESLEY MCLEOD	MEMBER-AT-LARGE (END OCT 2023)	2.0	Director	$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
2024	No data	No data	No data	No data
2024	$1,204,075	$2,252,888	$92,464	$-1,048,813
2023	$1,512,064	$2,150,974	$627,915	$-638,910
2022	$2,339,018	$2,781,262	$1,485,537	$-442,244
2021	$2,113,010	$1,573,185	$2,485,061	$539,825
2020	$1,010,040	$1,925,765	$1,962,437	$-915,725
2019	$3,226,361	$3,398,800	$2,104,465	$-172,439

INSURANCE ACCOUNTING AND SYSTEMS ASSOCIATION INC