Insurance Institute of America
Nonprofit profile at a glance
- EIN
- 136161017
- IRS 990 coverage
- 2008–2008
- Forms available
- Form 990 2008
- Location
- Malvern, PA, USA
- Phone
- 6106442100
- Rating confidence
- Limited
- Sector
- Insurance Providers
Reported finances
- Revenue
- $14,521,553
- Expenses
- $11,347,784
- Assets
- $73,576,954
- Liabilities
- $933,584
Source: IRS Form 990. Selected filing: tax year 2008. Amounts in USD.
Leadership & pay
57 people listed
Source: IRS Form 990. Selected filing: tax year 2008. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
As the industry's trusted knowledge leader, the institutes are committed to meeting the evolving educational needs of the risk management and insurance community. We prepare people to fultill their professional and ethical responsibilities by offering customer-focused and innovative educational solutions.
What it reported doing in 2008
Educational-related expenses-examinations, educational material sold & curriculum development
Operating model
- Revenue model
- Earned-program. 82% 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: 65
- Accountability: 63
- Sustainability: NotEnoughData
- Growth: NotEnoughData
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
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 84.1%; rating input score 84
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 37 of 44 board members independent · 3 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $10.6M in reported program spending
- Leadership: top reported pay $482K · 57 people listed · 0 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Related organizations: 2 filed related-organization links
- 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.