SOCIETY OF CERTIFIED INSURANCE COUNSELOR (EIN 741785679) - 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

1969

Legal Domicile

Principal Officer

WILLIAM J HOLD

Phone

5123457932

Tax Period

2023-01-01 to 2023-12-31

SOCIETY OF CERTIFIED INSURANCE COUNSELOR, founded in 1969, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2023.

Mission

TO PROVIDE QUALITY CONTINUING PROFESSIONAL EDUCATION TO ALL INSURANCE AND RISK MANAGEMENT PROFESSIONALS.

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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 $2,288,056

Program Service Revenue $9,150,034

Investment Income $87,030

Other Revenue $1,118,695

TOTAL REVENUE $12,643,815

Expense Breakdown

Grants Paid $8,180

Salaries & Benefits $140,767

Fundraising Expenses $0

Program Expenses $9,765,712

Other Expenses $13,702,625

TOTAL EXPENSES $13,851,572

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,643,815	$12,946,993	0.0%
Expenses	$13,851,572	$13,196,624	+0.0%
Net Income	$-1,207,757	$-249,631	+3.8%

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

106

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

$1,898,016

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP T KRAMER CIC CPCU	IMMEDIATE PAST CHAIRMAN	5.00	Director	$0	$0	$0
GABRIEL GABE PORTILLO CIC	MEMBER-AT-LARGE	5.00	Director	$0	$0	$0
DENISE D BROWN CIC CPCU AINS AIC	BOARD MEMBER	5.00	Director	$0	$0	$0
JACK H ELLIOTT JR CIC CISR SOTP	VICE CHAIRMAN	5.00	Director	$0	$0	$0
CHRIS KERR CIC CISR	MEMBER-AT-LARGE	5.00	Director	$0	$0	$0
TRAVIS MCDAVID CIC	BOARD MEMBER	5.00	Director	$0	$0	$0
R KEVIN RAY CIC CPCU AU AINS AI	CHAIRMAN	5.00	Director	$0	$0	$0
KAREN REYNOLDS CIC	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID M SALDON CIC	BOARD MEMBER	5.00	Director	$0	$0	$0
LINDSEY A SHANK CIC	BOARD MEMBER	5.00	Director	$0	$0	$0
S COLE TUCKER JR CIC CRM LUTCF	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID A WALKER CIC CRM ARM AAI	BOARD MEMBER	5.00	Director	$0	$0	$0
MARK E WALL CIC CRM CPCU ARM	BOARD MEMBER	5.00	Director	$0	$0	$0
TABITHA RICHARDSON CIC CRM CISR C	BOARD MEMBER	5.00	Director	$0	$0	$0
TIFFANIE COURTNEY CIC CISR CRIS	BOARD MEMBER	5.00	Director	$0	$0	$0
WILLIAM T HOLD PHD CIC CPCU CL	EXECUTIVE CHAIRMAN	20.00	Officer	$0	$14,603	$341,051
WILLIAM J HOLD MBA CRM CISR	CHIEF EXECUTIVE OFFICER/PR	20.00	Officer	$0	$14,850	$560,264
MITCH DUNFORD MBA	CHIEF MARKETING OFFICER	20.00	Officer	$0	$6,750	$287,054
ALEX LEKHRAJ	CHIEF OPERATING OFFICER	20.00	Officer	$0	$12,504	$291,221
BETTIE J DUFF	SECRETARY	20.00	Officer	$0	$5,446	$127,205
DANIELLE D JANECKA	CHIEF EXPERIENCE OFFICER	20.00	Officer	$0	$12,504	$291,221

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	$12,643,815	$13,851,572	$16,686,507	$-1,207,757
2022	$12,946,993	$13,196,624	$16,560,827	$-249,631
2021	$13,351,185	$12,602,131	$18,011,076	$749,054
2020	$12,475,244	$12,006,515	$17,512,717	$468,729
2019	$16,663,075	$16,253,084	$15,748,585	$409,991
2018	$16,758,701	$16,258,654	$10,695,778	$500,047

SOCIETY OF CERTIFIED INSURANCE COUNSELOR