BLACK INSURANCE INDUSTRY COLLECTIVE INC

EIN: 881174446

MALVERN, PA

Total Revenue
$410,000
Total Expenses
$225,153
Total Assets
$541,572
Net Assets
$541,572
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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
2022
Legal Domicile
DE
Principal Officer
PETER L MILLER
Phone
6106442100
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

TO ACCELERATE THE ADVANCEMENT OF BLACK PROFESSIONALS IN THE INSURANCE INDUSTRY AND INCREASE REPRESENTATION OF BLACK LEADERS AT THE EXECUTIVE LEVEL

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $410,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $410,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $225,153
TOTAL EXPENSES $225,153

Year-over-Year Comparison

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%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
4

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
3
$3,997,700
Total Directors
3
$3,997,700
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $410,000 $225,153 $541,572 $184,847
2022 $437,000 $80,275 $396,725 $356,725
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