PROFESSIONAL INSURANCE AGENTS OF ARKANSAS INC (EIN 710502650) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

STACI SHEARON

Phone

5012251645

Tax Period

2023-01-01 to 2023-12-31

PROFESSIONAL INSURANCE AGENTS OF ARKANSAS INC, founded in 1978, is a small nonprofit that reported $293K in total revenue in fiscal year 2018.

Mission

ORGANIZATION IS DEDICATED TO DELIVERING EXCEPTIONAL AND INDIVIDUAL SERVICE TO ARKANSAS SMALL TO MID-SIZED INSURANCE AGENCIES AND RELATED COMPANIES SERVING THE INSURANCE INDUSTRY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $61,148

Program Service Revenue $251,327

Investment Income $0

Other Revenue $0

TOTAL REVENUE $312,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,920

Fundraising Expenses $0

Other Expenses $188,337

TOTAL EXPENSES $315,257

Year-over-Year Comparison

	2023	2022	Change
Revenue	$312,475	$266,703	+0.2%
Expenses	$315,257	$236,167	+0.3%
Net Income	$-2,782	$30,536	-1.1%

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

$70,153

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLDEN SMITH	PRESIDENT	1.00	Director	$0	$0	$0
AMANDA DICKEY	PRESIDENT- E	1.00	Director	$0	$0	$0
DAVID HOFFMANS	TREASURER	1.00	Director	$0	$0	$0
GARDNER BURTON	NATIONAL DIR	1.00	Director	$0	$0	$0
BRIAN WEATHERFORD	DIRECTOR	1.00	Director	$0	$0	$0
RICK MCKINNEY	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR WERLEY	DIRECTOR	1.00		$0	$0	$0
RYAN EVANS	DIRECTOR	1.00	Director	$0	$0	$0
STACI SHEARON	EXECUTIVE VP	40.00	Officer	$70,153	$0	$70,153

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	No data	No data	No data	No data
2023	$312,475	$315,257	$50,841	$-2,782
2022	$266,703	$236,167	$69,849	$30,536
2021	$224,605	$204,618	$36,631	$19,987
2020	$201,157	$188,105	$32,503	$13,052
2019	$267,922	$290,142	$14,355	$-22,220
2018	$292,913	$285,199	$5,751	$7,714

PROFESSIONAL INSURANCE AGENTS OF ARKANSAS INC