INDEPENDENT INSURANCE AGENTS OF CENTRAL FLORIDA INC

EIN: 596153230

MAITLAND, FL

Total Revenue
$49,477
Total Expenses
$52,302
Total Assets
$352,909
Net Assets
$352,909
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
FL
Principal Officer
ERIC SHAW
Phone
4078980461
Tax Period
2020-09-01 to 2021-08-31

INDEPENDENT INSURANCE AGENTS OF CENTRAL FLORIDA INC, founded in 1980, is a micro nonprofit that reported $49K in total revenue in fiscal year 2020. Revenue fell 84% from the prior year — a significant decline worth monitoring. Net assets of $353K represent 86 months of operating reserves.

Mission

THE ORGANIZATION WAS ESTABLISHED IN 1980 AS AN AFFILIATE OF THE FLORIDA ASSOCIATION OF INSURANCE AGENTS. THE ORGANIZATION WAS FORMED FOR EDUCATIONAL PURPOSES AND FOR THE EXCHANGE OF CONSTRUCTIVE IDEAS AMONG ITS MEMBERS. IT ALSO SEEKS TO PROTECT THE PUBLIC FROM UNETHICAL BUSINESS PRACTICES AND TO ASSURE EACH MEMBER MAINTAINS A HIGH STANDARD OF ETHICAL CONDUCT. MEMBERSHIP CONSISTS OF INDEPENDENT AGENCIES WHICH ARE ENGAGED IN THE BUSINESS OF PROPERTY AND CASUALTY INSURANCE. THE CHARACTERISTICS OF AN INDEPENDENT AGENCY ARE: OWNERSHIP OF A BOOK OF BUSINESS, OPERATION ON A COMMISSION BASIS, MAINTAINING A GOOD BUSINESS REPUTATION, AND EXPERIENCE AND TRAINING TO REPRESENT THE TYPES OF INSURANCE OFFERED. ASSOCIATE MEMBERSHIPS ARE AVAILABLE FOR COMPANIES THAT THE MEMBERS REPRESENT AND FOR ANY BUSINESS THAT PROVIDES SERVICES TO THE INSURANCE INDUSTRY. FOR ITS MEMBERS, THE ORGANIZATION OFFERS: - MONTHLY LUNCHEON PROGRAMS TO EDUCATE THE MEMBERS ABOUT CURRENT INSURANCE OR COMMUNITY ISSUES AND PROVID

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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 (2020)

Revenue Breakdown

Contributions & Grants $960
Program Service Revenue $13,931
Investment Income $1,919
Other Revenue $32,667
TOTAL REVENUE $49,477

Expense Breakdown

Grants Paid $3,750
Salaries & Benefits $0
Fundraising Expenses $2,750
Other Expenses $48,552
TOTAL EXPENSES $52,302

Year-over-Year Comparison

2020 2019 Change
Revenue $49,477 $306,567 -0.8%
Expenses $52,302 $90,152 -0.4%
Net Income $-2,825 $216,415 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
25

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC SHAW PRESIDENT 5.00
Officer Director
$0 $0 $0
ALEX THOMPSON VICE PRESIDE 2.00
Officer Director
$0 $0 $0
MARIANA ZORRILLA PRESIDENT EL 2.00
Officer Director
$0 $0 $0
BOB ADAMSON PAST PRESIDE 2.00
Officer Director
$0 $0 $0
NATHALIA AVILA DIRECTOR 1.00
Director
$0 $0 $0
JARED TOWNSEND DIRECTOR 1.00
Director
$0 $0 $0
HOLLY KABBOORD-HEMELGARN DIRECTOR 1.00
Director
$0 $0 $0
BRETT YOUNG DIRECTOR 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
2021 $49,477 $52,302 $352,909 $-2,825
2020 $306,567 $90,152 $375,620 $216,415
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