National Association of Insurance and Financial Advisors-chicago Reg
Nonprofit profile at a glance
- EIN
- 360896025
- IRS 990-EZ coverage
- 2014–2014
- Forms available
- Form 990-EZ 2014
- Location
- Chicago, IL, USA
- Phone
- 8475870282
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy
Reported finances
- Revenue
- $98,146
- Expenses
- $104,854
- Assets
- $114,190
- Liabilities
- $17,351
Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- JENNIFER VIGON (PRESIDENT)
People named in this filing
- DAVID NELSON (PAST PRESIDE)
- JENNIFER VIGON (PRESIDENT)
- TRINA BROWN (1ST VICE PRE)
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 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the national association of insurance and financial advisors is to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of our members. With around 650 members, the primary purpose of the organization is to represent underwriting agents and to provide leadership through education and legislative action that improves the business environment for the members, enhances professionalism, and improves the services provided to the public.
What it reported doing in 2014
The organization makes payments to state and national organizations for various reasons related to the mission of the organization.
Operating model
- Revenue model
- Membership-supported. 71% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 45
- Transparency & Controls: 82
- Sustainability: 39
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.9%; rating input score 46
- Program expense ratio: 43%; rating input score 43
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -6.8%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 1.09; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 45.9% of revenue deployed · 43% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $45K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
- Moderate — Financial Efficiency: Program expense ratio scored 43/100.
- Moderate — Sustainability: Operating margin scored 32/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.