GROUP UNDERWRITERS ASSOCIATION OF … - Form 990 Financial Data

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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

1975

Legal Domicile

Principal Officer

MIRIAM KAUFMAN

Phone

3126360089

Tax Period

2024-01-01 to 2024-12-31

GROUP UNDERWRITERS ASSOCIATION OF AMERICA, founded in 1975, is a small nonprofit that reported $163K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $51K, a strong 31% operating margin.

Mission

THE ASSOCIATION IS ORGANIZED AND OPERATED FOR THE PURPOSE OFPROMOTING THE COMMON BUSINESS INTERESTS AND IMPROVING THE BUSINESSCONDITIONS OF PERSONS ENGAGED IN THE BUSINESS OF UNDERWRITING GROUPLIFE AND HEALTH BENEFIT PLANS.

Program Service Accomplishments

Program 1

Expenses: $112,176 Revenue: $150,931

(A) TO PROMOTE THE STUDY, ANALYSIS AND DISCUSSION OF ALL MATTERSOF MUTUAL INTEREST RELATING TO UNDERWRITING OF GROUP LIFE AND HEALTHBENEFIT PLANS. THIS IS ACCOMPLISHED BY CONDUCTING WORKSHOPS...

(A) TO PROMOTE THE STUDY, ANALYSIS AND DISCUSSION OF ALL MATTERSOF MUTUAL INTEREST RELATING TO UNDERWRITING OF GROUP LIFE AND HEALTHBENEFIT PLANS. THIS IS ACCOMPLISHED BY CONDUCTING WORKSHOPS ANDLECTURES DETAILING TOPICS OF INTEREST TO THIS FIELD. THE ORGANIZATIONCONDUCTS A MINIMUM OF THREE SUCH MEETINGS A YEAR. WORKSHOPS ARE CONDUCTED BY MEMBERS FOR MEMBERS. GUEST SPEAKERS AND INDUSTRY EXPERTS PARTICIPATE IN PANEL DISCUSSIONS AND LECTURES. THE ORGANIZATION PROVIDES SUPPLEMENTAL INFORMATION BETWEEN MEETINGS THROUGH ITS QUARTERLY NEWSLETTER. (B) TO FOSTER AMONG THE MEMBERS A CLOSER ACQUAINTANCE, A FRIENDLYSPIRIT OF COOPERATION AND A BETTER UNDERSTANDING OF UNDERWRITING. THEORGANIZATION CREATES AN ENVIRONMENT FOR FREE EXCHANGE OF IDEAS INWORKSHOPS AND MEETINGS. SPECIALTY COMMITTEES OF ESTABLISHEDMEMBERSHIP CONDUCT WORKSHOPS AND OPEN FORMAT DISCUSSIONS. (C) TO ENCOURAGE A HIGH STANDARD OF ETHICS AND PROFESSIONALISM INTHE UNDERWRITING PROFESSION. THROUGH MEETINGS, WORKSHOPS ANDNEWSLETTERS, IT IS BELIEVED THAT SUCH ASSOCIATION AND COMMUNICATIONWITH PERSONS IN THE SAME FIELD DOING SIMILAR WORK ENHANCES THE QUALITYAND STANDARDS. (D) TO FURTHER PUBLIC UNDERSTANDING AND APPRECIATION OF THE NEEDFOR AND SERVICES RENDERED BY UNDERWRITERS. THROUGH NEWSLETTERSDISTRIBUTED TO MEMBERS, INFORMATION RELEVANT TO GROUP UNDERWRITING ISDISTRIBUTED AMONG OFFICES, EMPLOYEES, AGENTS AND CLIENTS.

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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 $150,931

Investment Income $11,822

Other Revenue $0

TOTAL REVENUE $162,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,176

Other Expenses $112,176

TOTAL EXPENSES $112,176

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,753	$178,590	-0.1%
Expenses	$112,176	$207,964	-0.5%
Net Income	$50,577	$-29,374	-2.7%

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

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
NATHAN SCHWARTZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT CLARK	PAST PRESIDENT	1.00	Director	$0	$0	$0
CHRISTOPHER HOWLEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MIRIAM KAUFMAN	TREASURER	1.00	Officer Director	$0	$0	$0
CHELSEA WILD	ASSISTANT TREASURER	1.00	Director	$0	$0	$0
LAURA CARREAU	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE ANDERSON	COMMUNICATIONS DIRECTOR	1.00	Director	$0	$0	$0
GWEN STOVEKEN	CO-PROGRAMMING CHAIR	1.00	Director	$0	$0	$0
JUDY BUCZEK	CO-PROGRAMMING CHAIR	1.00	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	$162,753	$112,176	$429,623	$50,577
2023	$178,590	$207,964	$379,046	$-29,374
2022	$143,907	$133,057	$408,420	$10,850
2021	$198,290	$60,485	$397,570	$137,805
2020	$38,910	$120,835	$259,765	$-81,925
2019	$199,225	$145,781	$341,690	$53,444
2018	$171,436	$154,530	$288,246	$16,906

GROUP UNDERWRITERS ASSOCIATION OF AMERICA