NATIONAL ASSOCIATION OF BENEFITS AND INSURANCE PROFESSIONALS - TEXAS CHAPTER (EIN 752486015) - 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

1992

Legal Domicile

Principal Officer

MICHAEL LEDGERWOOD

Phone

7136451490

Tax Period

2023-07-01 to 2024-06-30

NATIONAL ASSOCIATION OF BENEFITS AND INSURANCE PROFESSIONALS - TEXAS CHAPTER, founded in 1992, is a small nonprofit that reported $423K in total revenue in fiscal year 2023. Expenses of $366K left a modest 14% surplus.

Mission

THE OBJECTIVES OF THE ASSOCIATION SHALL BE:A. TO PLACE THE SALE AND SERVICE OF INSURANCE UPON THE HIGHEST POSSIBLE STANDARD.B. TO ADVANCE PUBLIC KNOWLEDGE FOR THE NEED AND BENEFIT OF THE INSURANCE INDUSTRY.C. TO PROVIDE AND, OR, PROMOTE CONTINUING EDUCATION, LEGISLATIVE ACTIVITY AND GUIDANCE, REGULATIONS, PRACTICES, AND SELF IMPROVEMENT WHICH IS IN THE BEST INTEREST OF THE INSURANCE INDUSTRY, THE PUBLIC, AND OUR MEMBERS.D. TO BE ACTIVE AS AN ASSOCIATION IN PUBLIC SERVICES AND TO ENCOURAGE ITS MEMBERS TO SUPPORT AND CONTRIBUTE TO COMMUNITY ACTIVITIES.E. TO PROMOTE THE CODE OF ETHICS OF THE NATIONAL ASSOCIATION OF HEALTH UNDERWRITERS (NAHU).F. TO PROMOTE THE COMMON BUSINESS INTEREST OF THOSE ENGAGED IN THE INSURANCE INDUSTRY.

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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 $323,638

Program Service Revenue $90,247

Investment Income $7,264

Other Revenue $2,290

TOTAL REVENUE $423,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $366,024

TOTAL EXPENSES $366,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$423,439	$404,346	+0.0%
Expenses	$366,024	$357,917	+0.0%
Net Income	$57,415	$46,429	+0.2%

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

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
NEDRA CLINGAN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTA PALMER	IMMEDIATE PAST PRESIDENT	2.00	Director	$0	$0	$0
MICHAEL LEDGERWOOD	PRESIDENT	10.00	Officer Director	$0	$0	$0
STACY COCHRAN	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
SCOTT LONG	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JENNIFER PLEASANTS	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TONYA BOOTH	DIRECTOR	1.00	Director	$0	$0	$0
SEAN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CHERRIE BRADBERRY	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA THEESFELD	DIRECTOR	1.00	Director	$0	$0	$0
RICK OTT	DIRECTOR	1.00	Director	$0	$0	$0
RON BYRD	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE YORK	DIRECTOR	1.00	Director	$0	$0	$0
DEE ELLER	DIRECTOR	1.00	Director	$0	$0	$0
CARLA ADAMS	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID COOK	DIRECTOR	1.00	Director	$0	$0	$0
LISA GRACIA	DIRECTOR	1.00	Director	$0	$0	$0
MATT SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
RITA ROLF	DIRECTOR	1.00	Director	$0	$0	$0
HOLLEY FORD	DIRECTOR	1.00	Director	$0	$0	$0
RACHELE BECKWITH	DIRECTOR	1.00	Director	$0	$0	$0
AUDRA SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR KIRKHART	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA TREVINO	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER STANLEY	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
HECTOR GRACIA	DIRECTOR	1.00	Director	$0	$0	$0
EUGENE BENTLEY	DIRECTOR	1.00	Director	$0	$0	$0
CLIFF STUBBS	TREASURER	2.00	Officer Director	$0	$0	$0
IRIS CASTILLO	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP HAMM	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GABRIELSON	DIRECTOR	1.00	Director	$0	$0	$0
TOBY MEASON	DIRECTOR	1.00	Director	$0	$0	$0
AMY PERRY	DIRECTOR	1.00	Director	$0	$0	$0
KAIN DIAZ	DIRECTOR	1.00	Director	$0	$0	$0
DANA LASMAN	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	$423,439	$366,024	$392,432	$57,415
2023	$404,346	$357,917	$354,252	$46,429
2023	$404,346	$357,917	$354,252	$46,429
2022	$589,038	$515,112	$282,789	$73,926
2021	$238,759	$183,720	$352,279	$55,039
2020	$203,415	$218,388	$196,636	$-14,973

NATIONAL ASSOCIATION OF BENEFITS AND INSURANCE PROFESSIONALS - TEXAS CHAPTER