INSURANCE EDUCATIONAL ASSOCIATION

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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

1876

Legal Domicile

Principal Officer

REGINA MAGEE

Phone

7146124909

Tax Period

2020-07-01 to 2021-02-28

INSURANCE EDUCATIONAL ASSOCIATION, founded in 1876, is a small nonprofit that reported $375K in total revenue in fiscal year 2020. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $321K, a strong 86% operating margin.

Mission

IEA CREATES AND PROVIDES PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION PRODUCTS AND SERVICES IN INSURANCE, RISK MANAGEMENT AND DISABILITY MANAGEMENT.

Program Service Accomplishments

Program 1

THE ORGANIZATION OFFERED COURSES IN WORKERS COMPENSATION INSURANCE, DISABILITY INSURANCE AND PROPERTY AND CASUALITY INSURANCE THROUGH VARIOUS TEACHING METHODS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $67,765

Other Revenue $306,987

TOTAL REVENUE $374,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,857

Fundraising Expenses $0

Other Expenses $38,194

TOTAL EXPENSES $54,051

Year-over-Year Comparison

	2020	2019	Change
Revenue	$374,752	$697,094	-0.5%
Expenses	$54,051	$941,407	-0.9%
Net Income	$320,701	$-244,313	-2.3%

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

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

$112,863

Total Directors

$104,070

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL DOUGHERTY	CO-CHAIRMAN	2.00	Officer Director	$0	$0	$0
PETER YOON	VICE CHAIR	2.00	Director	$0	$0	$0
JULIAN ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
THI LEE	DIRECTOR	1.00	Director	$0	$0	$0
AGNES HOEBERLING	DIRECTOR	1.00	Director	$0	$0	$0
TERRI HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
NANCY CHAVEZ	DIRECTOR	1.00	Director	$0	$0	$0
REGINA MAGEE	PRESIDENT & CEO	37.50	Officer Director	$98,671	$5,399	$104,070
DAVE SCOTTO	CO-CHAIRMAN	2.00	Officer Director	$0	$0	$0
ROB REDWITZ	CFO	15.00	Officer	$0	$0	$8,793

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
2021	$374,752	$54,051	No data	$320,701
2020	$697,094	$941,407	$25,733	$-244,313
2019	$904,331	$1,012,235	$326,098	$-107,904
2018	$977,320	$1,010,010	$473,602	$-32,690