IIANC EDUCATION FOUNDATION (EIN 581311077) - 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

1977

Legal Domicile

Principal Officer

BRAD FAULKNER

Phone

9198284371

Tax Period

2024-09-01 to 2025-08-31

IIANC EDUCATION FOUNDATION, founded in 1977, is a small nonprofit in the Education sector that reported $179K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 650% operating deficit.

Mission

TO PROMOTE AND DEVELOP EDUCATION IN THE INSURANCE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $100,000

Program Service Revenue $0

Investment Income $78,550

Other Revenue $0

TOTAL REVENUE $178,550

Expense Breakdown

Grants Paid $1,332,396

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,332,396

Other Expenses $6,908

TOTAL EXPENSES $1,339,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,550	$1,251,712	-0.9%
Expenses	$1,339,304	$942,906	+0.4%
Net Income	$-1,160,754	$308,806	-4.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA MEDLIN	CHAIR	2.00	Officer Director	$0	$0	$0
LAURA FALANGA	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL BETTERS	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
TOM MARSHALL	MEMBER	1.00	Director	$0	$0	$0
ROBERT MCIVER	MEMBER	1.00	Director	$0	$0	$0
MONTY ROSS	MEMBER	1.00	Director	$0	$0	$0
RAY TEDDER	MEMBER	1.00	Director	$0	$0	$0
RAQUEL TILLMAN	MEMBER	1.00	Director	$0	$0	$0
JUSTIN LITAKER	MEMBER	1.00	Director	$0	$0	$0
AUBIE KNIGHT	CHIEF EXECUTIVE OFFICER-II	2.00	Officer	$0	$0	$0
BRAD FAULKNER	CHIEF FINANCIAL OFFICER-II	2.00	Officer	$0	$0	$0
REBECCA SHIGLEY	CHIEF OPERATING OFFICER-II	2.00	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	$178,550	$1,339,304	$1,850,325	$-1,160,754
2024	$1,251,712	$942,906	$3,030,460	$308,806
2023	$1,400,000	$637,984	$2,600,679	$762,016
2022	$750,000	$561,007	$1,823,890	$188,993
2021	$800,000	$214,680	$1,661,500	$585,320
2020	$600,000	$300,265	$1,050,811	$299,735
2019	$102,135	$317,475	$744,060	$-215,340
2018	$610,000	$257,128	$958,389	$352,872

IIANC EDUCATION FOUNDATION