INDEPENDENT INSURANCE AGENTS OF AR

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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

1908

Legal Domicile

Principal Officer

BRANDI MCKINNEY

Phone

5012212444

Tax Period

2024-09-01 to 2025-08-31

INDEPENDENT INSURANCE AGENTS OF AR, founded in 1908, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 3% surplus.

Mission

TRADE ASSOCIATION ACTIVITIES & EDUCATION

Program Service Accomplishments

Program 1

Expenses: $334,412

ANNUAL CONVENTION AND MID YEAR MEETINGS - EDUCATIONAL PROGRAMS AND AWARDS AND EXCHANGE OF IDEAS AT TWO MEETINGS DURING THE YEAR.

Program 2

Expenses: $128,547

EDUCATION AND TRAINING PROGRAMS & VARIOUS CONTINUING EDUCATION PROGRAMS FOR MEMBERS TO ENHANCE SERVICES PROVIDED TO THE PUBLIC BY THEIR INDEPENDENT INSURANCE AGENTS

Program 3

Expenses: $69,143

YOUNG AGENTS CONFERENCE - EDUCATION AND TRAINING MEETING FOR AGENTS JUST ENTERING THE PROFESSION.

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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 $1,521,192

Investment Income $36,445

Other Revenue $39,100

TOTAL REVENUE $1,596,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $693,337

Fundraising Expenses $0

Program Expenses $532,102

Other Expenses $852,527

TOTAL EXPENSES $1,545,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,596,737	$1,542,334	+0.0%
Expenses	$1,545,864	$1,538,317	+0.0%
Net Income	$50,873	$4,017	+11.7%

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

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
KELLY ERSTINE	CEO	N/A	Highest	$208,454	$0	$208,454
LISA HANSHEW	DIRECTOR	N/A	Highest	$165,086	$0	$165,086
DAVID BECK	PRESIDENT	N/A	Officer Director	$0	$0	$0
BRAD BRIDGERS	DIRECTOR	N/A	Director	$0	$0	$0
JOHN DAVID BUFFALO	DIRECTOR	N/A	Director	$0	$0	$0
JEREMY DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
RALPH HAYMOND	PRES ELECT	N/A	Officer Director	$0	$0	$0
DREW HIGGINBOTHOM	STATE/NAT'L	N/A	Officer Director	$0	$0	$0
DARIN HOOVER	DIRECTOR	N/A	Director	$0	$0	$0
IVAN HUDSON	DIRECTOR	N/A	Director	$0	$0	$0
JAY HOLLOWELL JR	DIRECTOR	N/A	Director	$0	$0	$0
BRANDI MCKINNEY	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
DREW NADZAM	DIRECTOR	N/A	Director	$0	$0	$0
JESSE PARSONS	SEC/TREAS.	N/A	Officer Director	$0	$0	$0
AL PEARSON	DIRECTOR	N/A	Director	$0	$0	$0
PAUL PLUNKETT	DIRECTOR	N/A	Director	$0	$0	$0
RONALD RALPH	DIRECTOR	N/A	Director	$0	$0	$0
DAVID SHEDD	DIRECTOR	N/A	Director	$0	$0	$0
TERRY YOUNGBLOOD	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
2025	$1,596,737	$1,545,864	$1,300,761	$50,873
2024	$1,542,334	$1,538,317	$1,205,369	$4,017
2023	$1,464,022	$1,460,272	$1,198,887	$3,750
2022	$1,502,237	$1,499,086	$1,405,525	$3,151
2021	$1,476,346	$1,208,425	$1,421,400	$267,921
2020	$1,203,091	$1,124,200	$1,126,171	$78,891