Alabama Association Of Insurance And Financial Advisors
- Assets
- $462.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 06/1971
- Data as of
- 12/2021
- EIN
- 63-0383099
Organization Overview
Alabama Association Of Insurance And Financial Advisors is located in Birmingham, AL. The organization was established in 1971. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. Alabama Association Of Insurance And Financial Advisors 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, Alabama Association Of Insurance And Financial Advisors generated $79.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $62.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 4 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
TO PROVIDE LEADERSHIP IN SUSTAINING AND IMPROVING THE BUSINESS ENVIRONMENT, AND TO ENHANCE THE PROFESSIONAL SKILLS OF AGENTS AND OTHERS ENGAGED IN INSURANCE AND RELATED FINANCIAL SERVICES.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,960 |
| Membership dues | $54,852 |
| Investment income | $20,952 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $79,764 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,000 |
| Professional fees and other payments to independent contractors | $2,196 |
| Occupancy, rent, utilities, and maintenance | $2,068 |
| Printing, publications, postage, and shipping | $8,870 |
| Other expenses | $21,595 |
| Total expenses | $62,729 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $462,804 |
| Other assets | $0 |
| Total assets | $462,804 |
| Total liabilities | $2,694 |
| Net assets or fund balances | $460,110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jackson Utility Division Benefits Program Trust Jackson, TN | $8,539,572 | $8,659,868 |
Georgia Insurers Insolvency Pool Duluth, GA | $145,962,190 | $6,621,081 |
The University Of South Alabama Professional Liability Trust Fund Mobile, AL | $52,169,275 | $10,546,535 |
Florida Surplus Lines Service Office Tallahassee, FL | $53,775,536 | $9,728,040 |
Diamond G Employee Benefit Trust Greeneville, TN | $11,777 | $4,902,526 |
Mcelroy Truck Lines Inc Medical Benefit Plan Cuba, AL | $1,269 | $5,259,792 |
Caspers Inc Employees Benefit Trust Tampa, FL | $605,541 | $4,723,581 |
Mssa Ila Supplemental Benefit Fund Mobile, AL | $9,271,097 | $4,632,071 |
Tennessee Insurance Guaranty Nashville, TN | $174,263,578 | $10,389,316 |
Plumbers And Pipefitters Local 123 Welfare Fund Jacksonville, FL | $13,848,686 | $6,651,358 |
Homeland Vinyl Products Inc Employee Benefit Pl & Tr Birmingham, AL | $446,049 | $3,900,101 |
Mssa-Ila Welfare Plan Mobile, AL | $2,123,414 | $3,760,682 |