National Association Of Insurance And Financial Advisors-Ohio
- Assets
- $137.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Falls, IA
- Founding
- 12/1952
- Data as of
- 12/2021
- EIN
- 31-4354182
Organization Overview
National Association Of Insurance And Financial Advisors-Ohio is located in Cedar Falls, IA. The organization was established in 1952. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Insurance And Financial Advisors-Ohio is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, National Association Of Insurance And Financial Advisors-Ohio generated $108.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $125.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ENHANCE THE BUSINESS AND PROFESSIONAL SKILLS OF MEMBERS, PROMOTE THE PROFESSION AND ETHICAL CONDUCT OF ADVISORS, ADVOCATE FOR A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duane Borcherding President | 4 | $0 | |
Brett Ketvertis Sec/treasurer | 4 | $0 | |
Tracy Cartwright President Elect | 4 | $0 | |
Mark Bauman Past President | 4 | $0 | |
Charles Brown Director | 2 | $0 | |
Jerod Cook Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,921 |
| Total Program Service Revenue | $1,320 |
| Membership dues | $97,442 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,688 |
| Total Revenue | $108,371 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $112,508 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $249 |
| Other expenses | $12,201 |
| Total expenses | $124,958 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $113,572 |
| Other assets | $0 |
| Total assets | $137,390 |
| Total liabilities | $59,441 |
| Net assets or fund balances | $77,949 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Million Dollar Round Table Of The Natl Assn Of Life Underwriters Park Ridge, IL | $156,791,326 | $77,496,799 |
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American Association Of Insurance Services Lisle, IL | $23,041,835 | $21,784,346 |
Minnesota Insurance Guaranty Association Edina, MN | $187,413,257 | $18,086,231 |
Society Of Actuaries Schaumburg, IL | $66,013,531 | $3,256,481 |
Minnesota Workers Compensation Insurers Association Inc Minneapolis, MN | $5,175,183 | $7,886,561 |
Professional Liability Underwriting Society Minneapolis, MN | $7,512,109 | $4,853,702 |
Missouri Association Of Insurance Agents Jefferson City, MO | $5,920,618 | $1,409,542 |
Professional Insurance Marketing Association Inc Chicago, IL | $872,807 | $772,491 |
National Equipment Finance Association Inc Northbrook, IL | $1,993,686 | $820,325 |
Independent Insurance Agents Of South Dakota Ft Pierre, SD | $988,411 | $686,215 |
Brookings Convention & Visitors Bureau Brookings, SD | $571,661 | $471,143 |