OKLAHOMA ASSOCIATION OF INSURANCE … - Form 990 Financial Data

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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

1907

Legal Domicile

Principal Officer

DENISE JOHNSON

Phone

4058404426

Tax Period

2023-07-01 to 2024-06-30

OKLAHOMA ASSOCIATION OF INSURANCE AGENTS, founded in 1907, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023.

Mission

PROVIDES EDUCATION AND CERTIFICATION PROGRAMS FOR INDEPENDENT INSURANCE AGENTS

Program Service Accomplishments

Program 1

CERTIFIED INSURANCE COUNSELOR EDUCATION

Program 2

ANNUAL STATE CONVENTION

Program 3

CERTIFIED INSURANCE SERVICE REPRESENTATIVE EDUCATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,185,555

Investment Income $12,890

Other Revenue $94,105

TOTAL REVENUE $1,292,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $933,036

Fundraising Expenses $0

Other Expenses $410,282

TOTAL EXPENSES $1,343,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,292,550	$1,322,286	0.0%
Expenses	$1,343,318	$1,284,950	+0.0%
Net Income	$-50,768	$37,336	-2.4%

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

$236,759

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VAUGHN GRAHAM JR	CHAIRMAN	2.00	Officer Director	$0	$0	$0
VICKY COURTNEY	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
KATHY REESER	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT DULL	SECRETARY	2.00	Officer Director	$0	$0	$0
JERRAD COOTS	PAST CHAIRMA	2.00	Officer Director	$0	$0	$0
CHRIS S FLOYD	DIRECTOR	2.00	Director	$0	$0	$0
GUY GRIGGS	DIRECTOR	2.00	Director	$0	$0	$0
KRISTA KAUTZ	DIRECTOR	2.00	Director	$0	$0	$0
TRENT WILLIS	DIRECTOR	2.00	Director	$0	$0	$0
ROB PIEARCY	LIAISON	2.00	Director	$0	$0	$0
DENISE JOHNSON	PRES/CEO	40.00	Officer	$215,297	$21,462	$236,759

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	No data	No data	No data	No data
2024	$1,292,550	$1,343,318	$1,500,523	$-50,768
2023	$1,322,286	$1,284,950	$1,547,281	$37,336
2022	$1,599,588	$1,330,262	$1,481,989	$269,326
2021	$1,192,765	$982,341	$1,425,582	$210,424
2020	$880,982	$880,991	$1,174,382	$-9
2019	$1,149,187	$1,032,113	$822,062	$117,074

OKLAHOMA ASSOCIATION OF INSURANCE AGENTS