PROFESSIONAL INSURANCE AGENTS OF NC

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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

1999

Legal Domicile

Principal Officer

SHERYL CHASSE

Phone

8044864218

Tax Period

2024-07-01 to 2025-06-30

PROFESSIONAL INSURANCE AGENTS OF NC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $379K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $331K left a modest 13% surplus.

Mission

TO PROMOTE EDUCATION & ETHICS AMONG INSURANCE AGENTS

Program Service Accomplishments

Program 1

PROVIDED EDUCATION RELATING TO ETHICAL CONDUCT AND SOUND BUSINESS PRACTICES AMONG PROFESSIONAL INSURANCE AGENTS. PROVIDED SERVICES AND INFORMATION TO ITS MEMBERS AND REPRESENTED THEIR INTEREST IN...

PROVIDED EDUCATION RELATING TO ETHICAL CONDUCT AND SOUND BUSINESS PRACTICES AMONG PROFESSIONAL INSURANCE AGENTS. PROVIDED SERVICES AND INFORMATION TO ITS MEMBERS AND REPRESENTED THEIR INTEREST IN INDUSTRY AFFAIRS IN THE PUBLIC SECTOR.

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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 $258,913

Investment Income $0

Other Revenue $119,913

TOTAL REVENUE $378,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $330,694

TOTAL EXPENSES $330,694

Year-over-Year Comparison

	2024	2023	Change
Revenue	$378,826	$421,181	-0.1%
Expenses	$330,694	$340,725	0.0%
Net Income	$48,132	$80,456	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN WOOTEN	DIRECTOR	4.00	Director	$0	$0	$0
MURRAY WHITE III	DIRECTOR	4.00	Director	$0	$0	$0
TODD MCLEOD	DIRECTOR	4.00	Director	$0	$0	$0
JOY BAUER	DIRECTOR	4.00	Director	$0	$0	$0
KEITH HAYES	SECRETARY/TREASURER	4.00	Officer	$0	$0	$0
SHERYL CHASSE	ASSOCIATION EXECUTIVE	10.00	Officer	$0	$0	$0
CHRIS MEINBERG	PRESIDENT	4.00	Officer	$0	$0	$0
AMY PERKINS	VICE PRESIDENT	4.00	Officer	$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
2025	$378,826	$330,694	$432,223	$48,132
2024	$415,059	$334,603	$383,461	$80,456
2023	$410,602	$315,202	$303,005	$95,400
2022	$357,825	$289,089	$207,605	$68,736
2021	$302,396	$252,614	$138,869	$49,782
2020	$245,823	$251,611	$89,184	$-5,788
2019	$256,555	$268,170	$100,346	$-11,615