MALVERN, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BLACK INSURANCE INDUSTRY COLLECTIVE INC, founded in 2022, is a small nonprofit that reported $410K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $185K, a strong 45% operating margin.
TO ACCELERATE THE ADVANCEMENT OF BLACK PROFESSIONALS IN THE INSURANCE INDUSTRY AND INCREASE THE REPRESENTATION OF BLACK LEADERS AT THE EXECUTIVE LEVEL
IN 2023, WE DELIVERED OUR SECOND BIIC EXECUTIVE LEADERSHIP PROGRAM IN COLLABORATION WITH THE DARDEN SCHOOL FOUNDATION IN-PERSON, LAUNCHED 9 WEBINARS FOCUSED ON EXECUTIVE LEADERSHIP WITHIN THE RISK...
IN 2023, WE DELIVERED OUR SECOND BIIC EXECUTIVE LEADERSHIP PROGRAM IN COLLABORATION WITH THE DARDEN SCHOOL FOUNDATION IN-PERSON, LAUNCHED 9 WEBINARS FOCUSED ON EXECUTIVE LEADERSHIP WITHIN THE RISK MANAGEMENT AND INSURANCE INDUSTRY, HELD THOUGHT LEADERSHIP AND NETWORKING EVENTS, AND HOSTED AN IN-PERSON ROUNDTABLE EVENT FOR SPONSOR ORGANIZATIONS. THE BIIC WAS HONORED TO BE THE DIVERSITY AND INCLUSION INDUSTRY PARTNER AWARD WINNER FOR THE 2023 DEI: EXPANDING OPPORTUNITY IN INSURANCE CONFERENCE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $410,000 | $437,000 | -0.1% |
| Expenses | $225,153 | $80,275 | +1.8% |
| Net Income | $184,847 | $356,725 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PETER L MILLER | CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $220,597 | $2,437,369 |
| KATHERINE E HOROWITZ | SECRETARY | 2.0 |
Officer
Director
|
$0 | $62,870 | $993,683 |
| JEFFREY A SCHEIDT | TREASURER | 2.0 |
Officer
Director
|
$0 | $68,887 | $566,648 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $410,000 | $225,153 | $541,572 | $184,847 |
| 2022 | $437,000 | $80,275 | $396,725 | $356,725 |
Compare BLACK INSURANCE INDUSTRY COLLECTIVE INC with other nonprofits in Pennsylvania and across the country.