PROFESSIONAL INSURANCE AGENTS OF GEORGIA INC (EIN 580899792) - 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

1937

Principal Officer

JERRY W DUKE

Phone

7709217585

Tax Period

2023-01-01 to 2023-12-31

PROFESSIONAL INSURANCE AGENTS OF GEORGIA INC, founded in 1937, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023.

Mission

PROVIDE EDUCATION TO INSURANCE AGENTS AND THEIR STAFF MEMBERS AT OR NEAR THE COST OF THE PROGRAMS.

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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 $712,180

Investment Income $0

Other Revenue $578,085

TOTAL REVENUE $1,290,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $484,138

Fundraising Expenses $0

Program Expenses $1,333,102

Other Expenses $848,964

TOTAL EXPENSES $1,333,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,290,265	$1,241,982	+0.0%
Expenses	$1,333,102	$1,087,770	+0.2%
Net Income	$-42,837	$154,212	-1.3%

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

260

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL E FALLAIZE SR CIC	CHAIR-ELECT	N/A	Officer	$0	$0	$0
SCOTT HANSARD CIC	CHAIR	N/A	Officer	$0	$0	$0
SELENA MAJOR CIC	NATIONAL DIR	N/A	Officer	$0	$0	$0
VICTOR M HAMBY CIC	PAST CHAIRMA	N/A	Officer	$0	$0	$0
DENISE COWLEY	SECRETARY	N/A	Officer	$0	$0	$0
JERRY W DUKE	PRESIDENT &	N/A	Officer	$0	$0	$0
JOHN T FRANKS	TREASURER	N/A	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
2024	No data	No data	No data	No data
2023	$1,290,265	$1,333,102	$147,437	$-42,837
2022	$1,241,982	$1,087,770	$215,503	$154,212
2021	$1,169,997	$1,255,258	$134,013	$-85,261
2020	$1,060,909	$1,281,665	$42,634	$-220,756
2019	$1,430,305	$1,504,484	$32,879	$-74,179

PROFESSIONAL INSURANCE AGENTS OF GEORGIA INC