Independent Insurance Agents Of Conn Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 420,074 | 537,497 | −117,423 | 4.6 | 26% |
| 2021 | 417,903 | 508,823 | −90,920 | 2.7 | 23% |
| 2022 | 611,923 | 618,208 | −6,285 | 2.1 | 3% |
| 2023 | 578,214 | 478,868 | 99,346 | 3.1 | 0% |
In its most recent public year (2023), this organization brought in $99,346 more than it spent. Its reserves stood at about 3.1 months of spending, down from 4.6 in 2020. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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