Group Underwriters Association of America
Nonprofit profile at a glance
- EIN
- 593178990
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Birmingham, AL, USA
- Phone
- 3126360089
- Rating confidence
- Limited
Reported finances
- Revenue
- $162,753
- Expenses
- $112,176
- Assets
- $429,623
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- NATHAN SCHWARTZ (PRESIDENT)
- MATT CLARK (PAST PRESIDENT)
- CHRISTOPHER HOWLEY (VICE PRESIDENT)
People named in this filing
- NATHAN SCHWARTZ (PRESIDENT)
- MATT CLARK (PAST PRESIDENT)
- CHRISTOPHER HOWLEY (VICE PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The association is organized and operated for the purpose ofpromoting the common business interests and improving the businessconditions of persons engaged in the business of underwriting grouplife and health benefit plans.
What it reported doing in 2024
(a) to promote the study, analysis and discussion of all mattersof mutual interest relating to underwriting of group life and healthbenefit plans. This is accomplished by conducting workshops andlectures detailing topics of interest to this field. The organizationconducts a minimum of three such meetings a year. Workshops are conducted by members for members. Guest speakers and industry experts participate in panel discussions and lectures. The organization provides supplemental information between meetings through its quarterly newsletter. (b) to foster among the members a closer acquaintance, a friendlyspirit of cooperation and a better understanding of underwriting. Theorganization creates an environment for free exchange of ideas inworkshops and meetings. Specialty committees of establishedmembership conduct workshops and open format discussions. (c) to encourage a high standard of ethics and professionalism inthe underwriting profession. Through meetings, workshops andnewsletters, it is believed that such association and communicationwith persons in the same field doing similar work enhances the qualityand standards. (d) to further public understanding and appreciation of the needfor and services rendered by underwriters. Through newslettersdistributed to members, information relevant to group underwriting isdistributed among offices, employees, agents and clients.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- 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: 90
- Accountability: 64
- Sustainability: 78
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 31.1%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 3.83; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -3.4% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: -0.1% per year; rating input score 0; 23rd percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $112K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- 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 — Accountability: Governance controls: 5 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.