Professional Insurance Agents Association of Mississippi
Nonprofit profile at a glance
- EIN
- 640392675
- IRS 990-EZ coverage
- 2010–2016
- Forms available
- Form 990-EZ 2016
- Location
- Magnolia, MS, USA
- Phone
- 6019848855
- Rating confidence
- Limited
- Sector
- Insurance Providers
Reported finances
- Revenue
- $50,230
- Expenses
- $48,387
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- HARPER YOUNG (CHAIRMAN)
- MARTHA WATTS (VICE CHAIRMA)
- KERI MORRELL (SECRETARY-TR)
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 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The association is dedicated to the growth and perpetuation of its members as professional people who market insurance products to fulfill the needs of consumers. In addition, the association works closely with the legislature and the Mississippi insurance department for the purpose of protecting the insurance buying public against unfair insurance practices. The goal is to also make the best insurance product available to the public in areas of price, coverage, and fair claims handling. Finally, the association participates in the national professional insurance agents federal legislative conference held in Washington, d.c. Each year where agents from all states meet with congressional delegates for the purpose of representing member agents and the insurance buying public on federal legislative issues.
What it reported doing in 2016
Other expenses incurred in promoting the growth and perpetuation of the members of the organization as professional business people.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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: 26
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 3.7%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 16.5%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -15.8% per year; rating input score 0; 21st percentile among comparable filings
- Asset growth: -33.3% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 4 of 4 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2010 to 2016
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- Review — Sustainability: Operating margin scored 53/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.