INSURANCE TRAINING AND EDUCATION CENTER INC (EIN 860455004) - 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

1995

Legal Domicile

Principal Officer

TERRI EDWARDS

Phone

6029561851

Tax Period

2023-11-01 to 2024-10-31

INSURANCE TRAINING AND EDUCATION CENTER INC, founded in 1995, is a small nonprofit in the Education sector that reported $430K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

EDUCATION FOR INDUSTRY 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 $225,000

Program Service Revenue $197,233

Investment Income $8,037

Other Revenue $0

TOTAL REVENUE $430,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,986

Fundraising Expenses $0

Program Expenses $277,156

Other Expenses $242,542

TOTAL EXPENSES $435,528

Year-over-Year Comparison

	2023	2022	Change
Revenue	$430,270	$387,041	+0.1%
Expenses	$435,528	$492,530	-0.1%
Net Income	$-5,258	$-105,489	-1.0%

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

$148,492

Total Directors

$148,492

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW SNOWDEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
TERRI EDWARDS	VICE PRESIDE	14.00	Officer Director	$41,125	$30,992	$148,492
ZACH BURTON	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
KELLEY KIMBLE	DIRECTOR	2.00	Director	$0	$0	$0
TERESA K QUALE CPCU CIC	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY CYR	DIRECTOR	2.00	Director	$0	$0	$0
TYLER WOODRUFF	DIRECTOR	2.00	Director	$0	$0	$0
ADELIN M STAN	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLY ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER DUNCAN	DIRECTOR	2.00	Director	$0	$0	$0
SARAH MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
JAN SIMON	DIRECTOR	2.00	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
2024	$430,270	$435,528	$605,413	$-5,258
2023	$387,041	$492,530	$680,292	$-105,489
2022	$438,288	$493,250	$601,934	$-54,962
2021	$353,091	$401,236	$481,539	$-48,145
2020	$424,294	$480,096	$364,403	$-55,802
2019	$468,150	$518,137	$384,211	$-49,987
2018	$525,133	$570,074	$427,531	$-44,941

INSURANCE TRAINING AND EDUCATION CENTER INC