SOCIETY OF CERTIFIED INSURANCE SERVICE REPRESENTATIVES INC (EIN 742493055) - 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

1987

Legal Domicile

Principal Officer

WILLIAM J HOLD

Phone

5123496103

Tax Period

2023-01-01 to 2023-12-31

SOCIETY OF CERTIFIED INSURANCE SERVICE REPRESENTATIVES INC, founded in 1987, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $2.7M left a modest 13% surplus.

Mission

TO PROVIDE QUALITY CONTINUING PROFESSIONAL EDUCATION TO ALL INSURANCE CUSTOMER SERVICE REPRESENTATIVES AND RELATED PERSONNEL.

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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 $348,149

Program Service Revenue $2,798,321

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,146,470

Expense Breakdown

Grants Paid $26,190

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $300,139

Other Expenses $2,719,317

TOTAL EXPENSES $2,745,507

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,146,470	$3,351,899	-0.1%
Expenses	$2,745,507	$2,880,933	0.0%
Net Income	$400,963	$470,966	-0.1%

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

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

$1,770,811

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY S BROESCH CISR AINS	TREASURER	5.00	Director	$0	$0	$0
SUZANNE M BAILLARGEON CIC CISR AI	IMMEDIATE PAST-CHAIRMAN	5.00	Director	$0	$0	$0
CHERI E GREEN CIC CISR	BOARD MEMBER	5.00	Director	$0	$0	$0
DONNA W WILSON CIC	CHAIRMAN	5.00	Director	$0	$0	$0
BECKIE ERVIN CIC	BOARD MEMBER	5.00	Director	$0	$0	$0
AMBER M BOSMA CIC CISR	SECRETARY	5.00	Director	$0	$0	$0
MEAGAN J CANNADA CIC	BOARD MEMBER	5.00	Director	$0	$0	$0
BRENDA L GROW CIC ARM	BOARD MEMBER	5.00	Director	$0	$0	$0
LYNDSAY R KOOISTRA CIC	VICE CHAIR	5.00	Director	$0	$0	$0
LISA LEMANSKI CISR	BOARD MEMBER	5.00	Director	$0	$0	$0
SUMMER A REHKOP CICCRMCISR	BOARD MEMBER	5.00	Director	$0	$0	$0
VELENCIA WADIWALLA CISR	BOARD MEMBER	5.00	Director	$0	$0	$0
LINDSEY HAMIELEC CIC CISR	BOARD MEMBER	5.00	Director	$0	$0	$0
CLAIRE RICHARDSON CISR	BOARD MEMBER	5.00	Director	$0	$0	$0
TERESA TERI RSTON CIC CRM CISR	BOARD MEMBER	5.00	Director	$0	$0	$0
WILLIAM T HOLD PHD CIC CPCU CL	EXECUTIVE CHAIRMAN	5.00	Officer	$0	$14,603	$341,051
WILLIAM J HOLD MBA CRM CISR	CHIEF EXECUTIVE OFFICER/PR	5.00	Officer	$0	$14,850	$560,264
MITCH DUNFORD MBA	CHIEF MARKETING OFFICER	5.00	Officer	$0	$6,750	$287,054
ALEX LEKHRAJ	CHIEF OPERATING OFFICER	5.00	Officer	$0	$12,504	$291,221
DANIELLE D JANECKA	CHIEF EXPERIENCE OFFICER	5.00	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	$3,146,470	$2,745,507	$5,702,139	$400,963
2022	$3,351,899	$2,880,933	$3,970,397	$470,966
2021	$3,156,813	$2,913,878	$3,983,502	$242,935
2020	$2,814,163	$2,726,883	$3,289,545	$87,280
2019	$3,428,043	$3,311,793	$3,228,012	$116,250
2018	$3,354,325	$3,142,508	$3,142,167	$211,817

SOCIETY OF CERTIFIED INSURANCE SERVICE REPRESENTATIVES INC