Financial & Insurance Conference Professionals
Financial & Insurance Conference Professionals maintains stable finances with no reported officer compensation.
EIN: 208216579 · Chicago, IL · NTEE: S40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.3M |
| Total Expenses | $4.5M |
| Program Spending | 85% |
| Net Assets | $5.2M |
| Transparency Score | 90/100 |
Is Financial & Insurance Conference Professionals Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Financial & Insurance Conference Professionals directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Financial & Insurance Conference Professionals
Financial & Insurance Conference Professionals (EIN: 208216579) is a nonprofit organization based in Chicago, IL, classified under NTEE code S40. The organization reported total revenue of $6.3M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Financial & Insurance Conference Professionals's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Financial & Insurance Conference Professionals is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $4.5M |
| Surplus / Deficit | +$101K |
| Total Assets | $5.8M |
| Total Liabilities | $550K |
| Net Assets | $5.2M |
| Operating Margin | 2.2% |
| Debt-to-Asset Ratio | 9.5% |
| Months of Reserves | 15.6 months |
Financial Health Grade: A
In 2023, Financial & Insurance Conference Professionals reported a surplus of $101K with revenue exceeding expenses, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 9.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Financial & Insurance Conference Professionals's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.5% | +4.7% | +3.5% |
| 2022 | +72.5% | +58.9% | -4.6% |
| 2021 | +2.5% | +24.8% | -2.8% |
| 2020 | -49.0% | -48.4% | +10.3% |
| 2019 | -1.5% | -1.6% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Financial & Insurance Conference Professionals with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Financial & Insurance Conference Professionals allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $101K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led or externally managed executive structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Financial & Insurance Conference Professionals's IRS 990 filings:
- Lack of detailed program spending breakdown in summary data
- Unusually low (0%) reported officer compensation, which might obscure how executive functions are truly compensated or managed.
Strengths
The following positive indicators were identified for Financial & Insurance Conference Professionals:
- Consistent operational surpluses in most years, indicating sound financial management.
- Growing asset base, providing financial stability and resilience.
- Zero reported officer compensation, suggesting a strong commitment to directing funds towards the mission or a highly volunteer-driven leadership.
- Strong rebound in revenue post-pandemic, demonstrating organizational adaptability.
Frequently Asked Questions about Financial & Insurance Conference Professionals
Is Financial & Insurance Conference Professionals a legitimate charity?
Financial & Insurance Conference Professionals (EIN: 208216579) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.3M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Financial & Insurance Conference Professionals spend its money?
Financial & Insurance Conference Professionals directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Financial & Insurance Conference Professionals tax-deductible?
Financial & Insurance Conference Professionals is registered as a tax-exempt nonprofit (EIN: 208216579). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Financial & Insurance Conference Professionals's spending goes to programs?
Financial & Insurance Conference Professionals directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Financial & Insurance Conference Professionals compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Financial & Insurance Conference Professionals is above average for NTEE category S40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Financial & Insurance Conference Professionals located?
Financial & Insurance Conference Professionals is headquartered in Chicago, Illinois and files with the IRS under EIN 208216579. It is classified under NTEE code S40.
How many years of IRS 990 filings does Financial & Insurance Conference Professionals have?
Financial & Insurance Conference Professionals has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.3M in total revenue.
Is Financial & Insurance Conference Professionals a good charity?
Based on the provided financial data, FICP appears to be a well-managed organization with stable finances and a strong commitment to transparency regarding executive compensation (reporting 0%). Its consistent operational surpluses and growing asset base suggest financial health.
How does FICP manage its executive leadership without officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that FICP's executive leadership may be entirely volunteer-based, or that executive functions are outsourced or compensated through other means not categorized as 'officer compensation' on the 990 form. This is a notable aspect of its financial structure.
What is the trend in FICP's revenue and expenses?
FICP's revenue has fluctuated, with a dip during 2020-2021 (e.g., $2,400,047 in 2020) likely due to the pandemic, but has since rebounded to $4,559,745 in 2023. Expenses generally track revenue, maintaining operational surpluses in most years, indicating sound financial management.
Is FICP financially stable?
Yes, FICP appears financially stable. Its assets have consistently grown, reaching $5,785,778 in 2023, and it has maintained positive net income in most years, including a surplus of over $100,000 in 2023 ($4,559,745 revenue vs. $4,458,887 expenses).
Filing History
IRS 990 filing history for Financial & Insurance Conference Professionals showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Financial & Insurance Conference Professionals's revenue has grown by 69.3%, moving from $2.7M to $4.6M. Total assets increased by 124.1% over the same period, from $2.6M to $5.8M. Total functional expenses rose by 94%, from $2.3M to $4.5M. In its most recent filing year (2023), Financial & Insurance Conference Professionals reported a surplus of $101K, with revenue exceeding expenses. The organization holds $550K in liabilities against $5.8M in assets (debt-to-asset ratio: 9.5%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $4.5M | $5.8M | $550K | — | — |
| 2022 | $4.2M | $4.3M | $5.6M | $807K | — | View 990 |
| 2021 | $2.5M | $2.7M | $5.9M | $305K | — | View 990 |
| 2020 | $2.4M | $2.1M | $6.0M | $440K | — | — |
| 2019 | $4.7M | $4.2M | $5.5M | $344K | — | View 990 |
| 2018 | $4.8M | $4.2M | $5.2M | $998K | — | View 990 |
| 2017 | $4.7M | $4.3M | $4.8M | $932K | — | View 990 |
| 2016 | $4.2M | $3.9M | $3.6M | $315K | — | View 990 |
| 2015 | $3.5M | $3.3M | $3.6M | $575K | — | View 990 |
| 2014 | $3.4M | $3.0M | $3.1M | $232K | — | View 990 |
| 2013 | $3.2M | $3.1M | $2.9M | $366K | — | View 990 |
| 2012 | $3.0M | $3.0M | $2.5M | $203K | — | View 990 |
| 2011 | $2.7M | $2.3M | $2.6M | $395K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $4.5M, and assets of $5.8M (revenue +7.5% year-over-year).
- 2022: Revenue of $4.2M, expenses of $4.3M, and assets of $5.6M (revenue +72.5% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.7M, and assets of $5.9M (revenue +2.5% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.1M, and assets of $6.0M (revenue -49.0% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.2M, and assets of $5.5M (revenue -1.5% year-over-year).
- 2018: Revenue of $4.8M, expenses of $4.2M, and assets of $5.2M (revenue +1.7% year-over-year).
- 2017: Revenue of $4.7M, expenses of $4.3M, and assets of $4.8M (revenue +13.0% year-over-year).
- 2016: Revenue of $4.2M, expenses of $3.9M, and assets of $3.6M (revenue +19.5% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.3M, and assets of $3.6M (revenue +2.7% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.0M, and assets of $3.1M (revenue +4.9% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.1M, and assets of $2.9M (revenue +6.5% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.0M, and assets of $2.5M (revenue +12.7% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.3M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Financial & Insurance Conference Professionals:
Data Sources and Methodology
This transparency report for Financial & Insurance Conference Professionals is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.