Independent Insurance Agents and Brokers of South Carolina

EIN: 570248455

Columbia, SC

Total Revenue
$1,861,534
Total Expenses
$1,880,711
Total Assets
$2,178,563
Net Assets
$1,975,481
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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
1992
Legal Domicile
SC
Principal Officer
G Frank Sheppard
Phone
8037319460
Tax Period
2023-01-01 to 2023-12-31

Independent Insurance Agents and Brokers of South Carolina, founded in 1992, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023.

Mission

Taxpayer provides membership services to the independent insurance agents in South Carolina to promote the common business interests within the industry.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $326,265
Program Service Revenue $1,287,664
Investment Income $12,690
Other Revenue $234,915
TOTAL REVENUE $1,861,534

Expense Breakdown

Grants Paid $0
Salaries & Benefits $663,297
Fundraising Expenses $0
Program Expenses $802,708
Other Expenses $1,217,414
TOTAL EXPENSES $1,880,711

Year-over-Year Comparison

2023 2022 Change
Revenue $1,861,534 $1,791,575 +0.0%
Expenses $1,880,711 $1,749,485 +0.1%
Net Income $-19,177 $42,090 -1.5%
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

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Governance

Voting Members
13
Independent Members
13
Employees
8
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
5
$118,842
Total Directors
14
$0
Key Employees
1
$118,842
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tonya S Thomason Chair 1.00
Officer Director
$0 $0 $0
Robert E Nalley Chair Elect Treasurer 1.00
Officer Director
$0 $0 $0
Angus M Brabham IV Secretary 1.00
Officer Director
$0 $0 $0
Ashley Brady National Director 1.00
Director
$0 $0 $0
James G Taylor Jr Immediate Past Chair 1.00
Officer Director
$0 $0 $0
l Amber Bryant Director 1.00
Director
$0 $0 $0
Alexander Galloway Director 1.00
Director
$0 $0 $0
William Hamer Director 1.00
Director
$0 $0 $0
Lauren T Huffman Director 1.00
Director
$0 $0 $0
Shane F Lynn Director 1.00
Director
$0 $0 $0
Renado Robinson Director 1.00
Director
$0 $0 $0
John R Spence Director 1.00
Director
$0 $0 $0
Julie B Turner Director 1.00
Director
$0 $0 $0
Richard Walker Jr Director 1.00
Director
$0 $0 $0
G Frank Sheppard President 40.00
Officer Key Emp
$118,842 $0 $118,842
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 $1,861,534 $1,880,711 $2,178,563 $-19,177
2022 $1,791,575 $1,749,485 $2,181,928 $42,090
2021 $1,655,225 $1,686,859 $2,129,520 $-31,634
2020 $1,468,155 $1,332,695 $2,213,960 $135,460
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