PROFESSIONAL INSURANCE AGENTS OF TENNESSEE INC (EIN 620717379) - 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

1940

Legal Domicile

Principal Officer

BRITT LINDER

Phone

6157711177

Tax Period

2024-01-01 to 2024-12-31

PROFESSIONAL INSURANCE AGENTS OF TENNESSEE INC, founded in 1940, is a small nonprofit that reported $202K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $313K exceeded revenue, resulting in a 55% operating deficit.

Mission

PROFESSIONAL INSURANCE AGENTS OF TENNESSEE, INC. WAS ORGANIZED TO ENCOURAGE DEVELOPMENT, FOSTER AND STIMULATE GROWTH, PROTECT THE MUTUAL INTEREST, AND PROMOTE UNIFORMITY IN THE OPERATING AND ADMINISTRATIVE PRACTICES OF INDEPENDENT INSURANCE AGENTS IN TENNESSEE.

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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 $201,659

Investment Income $0

Other Revenue $0

TOTAL REVENUE $201,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,804

Fundraising Expenses $0

Other Expenses $148,213

TOTAL EXPENSES $313,017

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,659	$184,021	+0.1%
Expenses	$313,017	$173,555	+0.8%
Net Income	$-111,358	$10,466	-11.6%

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

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
BRITT LINDER	PRESIDENT	N/A	Officer Director	$0	$0	$0
ROB JOHNSON	PRESIDENT-EL	N/A	Officer Director	$0	$0	$0
MILTON LAGASSE	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
LEIGHTON G BUSH CPIA	NATIONAL DIR	N/A	Director	$0	$0	$0
GREGORY AUGUSTINE	DIRECTOR	N/A	Director	$0	$0	$0
RYAN MCKINNEY	DIRECTOR	N/A	Director	$0	$0	$0
DANA DEWBERRY	DIRECTOR	N/A	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	$201,659	$313,017	$370,506	$-111,358
2023	$184,021	$173,555	$507,051	$10,466
2022	$190,406	$124,731	$529,955	$65,675
2021	$301,324	$134,441	$474,461	$166,883
2020	$273,997	$242,395	$331,277	$31,602
2019	$371,381	$374,681	$203,026	$-3,300
2018	$382,406	$367,204	$227,030	$15,202

PROFESSIONAL INSURANCE AGENTS OF TENNESSEE INC