PROFESSIONAL INSURANCE AGENTS OF INDIANA INC (EIN 610862228) - 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

1974

Legal Domicile

Principal Officer

LIBBY GARDNER

Phone

3178999200

Tax Period

2024-01-01 to 2024-12-31

PROFESSIONAL INSURANCE AGENTS OF INDIANA INC, founded in 1974, is a small nonprofit that reported $397K in total revenue in fiscal year 2024. Expenses of $366K left a modest 8% surplus.

Mission

TO PROVIDE RESOURCES AND EDUCATION OPPORTUNITIES FOR PROFESSIONAL INSURANCE AGENTS.

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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 $391,413

Investment Income $5,916

Other Revenue $0

TOTAL REVENUE $397,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,262

Fundraising Expenses $0

Other Expenses $256,265

TOTAL EXPENSES $365,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$397,329	$402,979	0.0%
Expenses	$365,527	$451,182	-0.2%
Net Income	$31,802	$-48,203	-1.7%

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

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

$163,204

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BAUMRUCK	PAST EXEC VP	27.00	Officer	$40,939	$3,491	$82,219
LIBBY GARDNER	EXEC. VICE P	25.00	Officer	$38,584	$6,785	$80,985
DEAN BALLENGER	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG PENWELL JR CIC	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS VENTERS CPIA	DIRECTOR	2.00	Director	$0	$0	$0
MARK DULING CPIA	DIRECTOR	2.00	Director	$0	$0	$0
JACOB GUTWEIN	DIRECTOR	2.00	Director	$0	$0	$0
DONNIE REIMER	DIRECTOR	2.00	Director	$0	$0	$0
BILLE ROMINE	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY P ALLEN	PRESIDENT	2.00	Officer	$0	$0	$0
THOMAS HAGUE CIC	NATIONAL DIR	2.00	Officer	$0	$0	$0
JOEL DUNHAM CPIA	PAST PRESIDE	2.00	Officer	$0	$0	$0
RALPH WIZE CPIA	PRESIDENT EL	2.00	Officer	$0	$0	$0
WALTER COOK III	ASSISTANT TR	2.00	Officer	$0	$0	$0
MARK SHOULTZ	TREASURER	2.00	Officer	$0	$0	$0
ANDREW SKAGGS	VICE PRESIDE	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
2024	$397,329	$365,527	$690,888	$31,802
2023	$402,979	$451,182	$551,173	$-48,203
2022	$366,416	$417,856	$629,758	$-51,440
2021	$324,165	$306,732	$671,668	$17,433
2020	$327,642	$290,265	$586,241	$37,377
2019	$409,579	$414,194	$514,147	$-4,615
2018	$393,161	$406,176	$480,178	$-13,015

PROFESSIONAL INSURANCE AGENTS OF INDIANA INC