INDEPENDENT INSURANCE AGENTS OF HO… - 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

1924

Legal Domicile

Principal Officer

DAVID WUTHRICH

Phone

8327694666

Tax Period

2023-09-01 to 2024-08-31

INDEPENDENT INSURANCE AGENTS OF HOUSTON, founded in 1924, is a small nonprofit that reported $708K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $673K left a modest 5% surplus.

Mission

TO SUPPORT AND MAINTAIN THE PRINCIPLES OF THE AMERICAN INDEPENDENT INSURANCE AGENCY SYSTEM; TO SUPPORT THOSE INSURANCE PRINCIPLES, PROGRAMS, AND REGULATIONS WHICH ARE IN THE BEST PUBLIC INTEREST; TO SUPPORT A PROGRAM OF CONTINUING EDUCATION, TO ENCOURAGE HIGH STANDARDS OF ETHICAL AND PROFESSIONAL CONDUCT BY AGENTS, AND TO PROMOTE A GREATER PUBLIC UNDERSTANDING AND KNOWLEDGE OF THE INSURANCE INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $130,910 Revenue: $371,524

COMMITTEE EXPENSE HOUSTON INSURANCE DAY MEMBERS LUNCHEONS ENERGY SYMPOSIUM

Program 2

EDUCATION PROGRAMS ADVANCED TECHNICAL SERIES

Program 3

Expenses: $4,348 Revenue: $20,472

ADVERTISING AND OTHER MEMBER SERVICES INCOME AND RELATED EXPENSES NOT EXEMPT

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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 $233,321

Investment Income $27,926

Other Revenue $446,377

TOTAL REVENUE $707,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $372,567

Fundraising Expenses $0

Program Expenses $135,258

Other Expenses $300,685

TOTAL EXPENSES $673,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$707,624	$653,395	+0.1%
Expenses	$673,252	$663,166	+0.0%
Net Income	$34,372	$-9,771	-4.5%

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

N/A

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
DAVID WUTHRICH	SECRETARY	50.00	Officer Director	$0	$0	$0
JASON NYBAKKEN	IMMEDIETE PRESIDENT	2.00	Officer Director	$0	$0	$0
JASON KNECHT	TREASURER	2.00	Director	$0	$0	$0
ADAM HARRIS	PRESIDENT	2.00	Director	$0	$0	$0
WES WEATHERRED	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN COMISKEY	DIRECTOR	1.00	Director	$0	$0	$0
TOM FITZPATRICK	DIRECTOR	1.00	Director	$0	$0	$0
RYAN BERVERS	DIRECTOR	1.00	Director	$0	$0	$0
JESSE SANCHEZ	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN ZIPPERER	DIRECTOR	1.00	Director	$0	$0	$0
SARAH BECK	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE DEMPSEY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM PEACHEY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ONCKEN	DIRECTOR	1.00	Director	$0	$0	$0
METT LEIGHT	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$707,624	$673,252	$1,023,835	$34,372
2023	$653,395	$663,166	$948,572	$-9,771
2022	$571,125	$612,352	$852,567	$-41,227
2021	$475,125	$535,574	$886,016	$-60,449
2020	$600,977	$635,525	$803,997	$-34,548
2019	$632,556	$613,180	$959,501	$19,376
2018	$558,355	$540,367	$941,387	$17,988

INDEPENDENT INSURANCE AGENTS OF HOUSTON