Federation of Regulatory Counsel
Nonprofit profile at a glance
- EIN
- 841104390
- IRS 990-EZ coverage
- 2010–2025
- Forms available
- Form 990 2013, Form 990-EZ 2025
- Location
- Saint Louis Park, MN, USA
- Phone
- 9529284656
- Rating confidence
- Limited
Reported finances
- Revenue
- $101,576
- Expenses
- $124,917
- Assets
- $252,797
- Liabilities
- $20,730
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JIM GKONOS (CHAIR AND PRESIDENT)
People named in this filing
- JIM GKONOS (CHAIR AND PRESIDENT)
- A KENNETH LEVINE (BOARD VICE-CHAIR)
- ANTHONY SPINA (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Professional association of insurance regulatory lawyers formed for the purpose of (1) raising the standard of excellence in the practice of regulatory law, and (2) promoting the expertise and abilities of its members to their clients, the insurance industry, and other lawyers requiring their special skills.
What it reported doing in 2025
Newsletters are sent three times a year to attorneys who represent insurance companies, state insurance departments, and various insurance companies keeping them abreast of education and legal matters of interest to insurance industry in addition, e-mail alerts are sent. Federation of regulatory counsel inc has appoximately 110 members.
Operating model
- Revenue model
- Membership-supported. 96% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 36
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -23%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 2.02; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 0.5% per year; rating input score 100; 21st percentile among comparable filings
- Asset growth: -0.2% per year; rating input score 0; 25th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.