Civic Intelligence

Techassure Association Inc

990 • Fiscal year 2019 • EIN 13-4102591

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 28, 2020

Organization ProfileWWW.TECHASSURE.ORG

View Organization Page

210 Delburg StreetDavidson, NC 28036

(704) 997-3238

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

27th percentile

-6.9%

Higher net margin than 27% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

100th percentile

$229,970

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 49.0% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

19th percentile

-17%

Faster asset growth than 19% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

71st percentile

12%

Faster revenue growth than 71% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$153,249

Down $32,434 (-17%) from 2018

Net Assets

Down

$153,249

Down $32,434 (-17%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin27th percentile

Revenue

Up

$468,938

Up $49,358 (+12%) from 2018

Expenses

Up

$501,372

Up $86,999 (+21%) from 2018

Net Income

Down

-$32,434

Down $37,641 (-723%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2014: $196,989Liabilities 2014: $8,603Net Assets 2014: $188,3862014Assets 2015: $265,662Liabilities 2015: $9,648Net Assets 2015: $256,0142015Assets 2016: $202,675Liabilities 2016: $0Net Assets 2016: $202,6752016Assets 2017: $180,476Liabilities 2017: $0Net Assets 2017: $180,4762017Assets 2018: $185,683Liabilities 2018: $0Net Assets 2018: $185,6832018Assets 2019: $153,249Liabilities 2019: $0Net Assets 2019: $153,2492019Assets 2020: $173,318Liabilities 2020: $0Net Assets 2020: $173,3182020Assets 2021: $295,270Liabilities 2021: $0Net Assets 2021: $295,2702021Assets 2022: $203,001Liabilities 2022: $0Net Assets 2022: $203,0012022Assets 2023: $223,412Liabilities 2023: $0Net Assets 2023: $223,4122023Assets 2024: $211,837Liabilities 2024: $0Net Assets 2024: $211,8372024

Highlighted filing

2019

Assets$153,249
Liabilities$0
Net Assets$153,249
Open 2019 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2014: $391,186Expenses 2014: $348,175Net Income 2014: $43,0112014Revenue 2015: $465,916Expenses 2015: $398,288Net Income 2015: $67,6282015Revenue 2016: $368,099Expenses 2016: $421,438Net Income 2016: -$53,3392016Revenue 2017: $422,637Expenses 2017: $444,836Net Income 2017: -$22,1992017Revenue 2018: $419,580Expenses 2018: $414,373Net Income 2018: $5,2072018Revenue 2019: $468,938Expenses 2019: $501,372Net Income 2019: -$32,4342019Revenue 2020: $477,104Expenses 2020: $457,035Net Income 2020: $20,0692020Revenue 2021: $458,574Expenses 2021: $336,622Net Income 2021: $121,9522021Revenue 2022: $524,335Expenses 2022: $616,604Net Income 2022: -$92,2692022Revenue 2023: $583,741Expenses 2023: $563,330Net Income 2023: $20,4112023Revenue 2024: $551,128Expenses 2024: $562,703Net Income 2024: -$11,5752024

Highlighted filing

2019

Revenue$468,938
Expenses$501,372
Net Income-$32,434
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 28, 2020
Return Version
2019v5.1
Gross Receipts
$468,938
Mission and Program Overview

Mission

To educate insurance industry

To educate insurance industry professionals and the general public about risk management

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$95,671$95,738▲ $67
Cash and Non-Interest-Bearing Accounts$45,509$32,429▼ $13,080
Accounts Receivable$27,500$13,944▼ $13,556
Prepaid Expenses and Deferred Charges$16,679$11,138▼ $5,541
Land, Buildings, and Equipment, Net$324$0▼ $324
Total Assets$185,683$153,249▼ $32,434
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$185,683$153,249▼ $32,434
Total Net Assets Fund Balance$185,683$153,249▼ $32,434
Total Liabilities and Net Assets / Fund Balance$185,683$153,249▼ $32,434

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,364$3,364
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
H Garrett DroegeExecutive DirectorFT$213,100$16,870$229,970

Board Members and Trustees

NameTitle
Sandy LeeChairperson
Andrea De BesiBoard Member
Bill LewisBoard Member
Doug FrielBoard Member
Doug JonesBoard Member
Fabrice De WaalBoard Member
Frederic NouialleBoard Member
Gautam BodaBoard Member
Greg MeseroleBoard Member
Jean Luc VerbaetBoard Member
Jim RobertsBoard Member
John MocciaBoard Member
Kelly CrowderBoard Member
Kevin McleanBoard Member
Kevin PurvisBoard Member
Konrad AerinBoard Member
Marcelo RodriguezBoard Member
Mark WareBoard Member
Mike MannBoard Member
Mike MolloyBoard Member
Pam MasonBoard Member
Steve AppelBoard Member
Tanja MerkelBoard Member
Travis HoltBoard Member
Zita ErdisBoard Member
Brian SchermerhornExecutive Committee
Paul DicksonExecutive Committee
Regan GuthExecutive Committee
Neil MoloneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$468,871
Investment Income
$67
Other Revenue
$0
Change in Net Assets
$-32,434
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$271,144
Other Expenses$230,228
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$213,100
Conferences and Meetings---$148,501
Other Salaries and Wages---$58,044
Travel---$26,086
All Other Expenses---$11,593
Insurance---$5,565
Fees for Services Accounting---$4,600
Advertising---$4,222
Other Expenses---$4,000
Depreciation Depletion---$324
Fees for Services Legal---$125
Total Functional Expenses$0$0$0$501,372
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The executive committee and the executive director examine the tax return for accuacy prior to filing the return.”

Form 990, Part VI, Section B, Line 12C

“Officers and directors are required to sign a conflict of interest statement every year. The board of directors hold quarterly meetings at which ttime inquiries are made of all board memembers in regards to the existence, if any, of conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statments available upon request.”

Filing and Contact Details

Filer

Filer Name
Techassure Association Inc
EIN
13-4102591
Phone
7049973238
Address
210 DELBURG STREET, DAVIDSON, NC 28036

Signing Officer

Name
H Garrett Droege
Title
Executive Director
Phone
7049973238
Signed
2020-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
H Garrett Droege
Formed
2000
Legal Domicile
Nc
Voting Board Members
29
Independent Board Members
29
Employees
3
Volunteers
0

Preparer

Firm
Sharrard Mcgee & Co Pa
Address
PO BOX 5869, HIGH POINT, NC 27262
Preparer
Addison Maille
Phone
3368840410
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process has not changed”

Raw XML AppendixShowing 400 of 498 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt29EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt029
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0468938
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt029
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt05565
IRS990/InvestmentIncomeGrp/ExclusionAmt067
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt067
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03364
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0324
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt03364
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO EDUCATE INSURANCE INDUSTRY PROFESSIONALS AND THE GENERAL PUBLIC ABOUT RISK MANAGEMENT
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0185683
IRS990/NetAssetsOrFundBalancesEOYAmt0153249
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0185683
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0153249
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ERISK HUB
IRS990/OtherExpensesGrp/Desc1INDUSTRY EVENTS
IRS990/OtherExpensesGrp/Desc2SOFTWARE & SUBSCRIPTION
IRS990/OtherExpensesGrp/Desc3CORAX CYBER
IRS990/OtherExpensesGrp/TotalAmt09000
IRS990/OtherExpensesGrp/TotalAmt18572
IRS990/OtherExpensesGrp/TotalAmt27640
IRS990/OtherExpensesGrp/TotalAmt34000
IRS990/OtherSalariesAndWagesGrp/TotalAmt058044
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016679
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011138
IRS990/PrincipalOfficerNm0H GARRETT DROEGE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0524298
IRS990/ProgramServiceRevenueGrp/BusinessCd1524298
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc2CONFERENCE REGISTRATIO
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1161545
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt292097
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0215229
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1161545
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt292097
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt042
IRS990/PYOtherExpensesAmt0149219
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0419538
IRS990/PYRevenuesLessExpensesAmt05207
IRS990/PYSalariesCompEmpBnftPaidAmt0265154
IRS990/PYTotalExpensesAmt0414373
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0419580
IRS990/ReconcilationRevenueExpnssAmt0-32434
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt095671
IRS990/SavingsAndTempCashInvstGrp/EOYAmt095738
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03364
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03364
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0213100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt016870
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$153,249
Liabilities
$0
Net assets
$153,249
Revenue
$468,938
Expenses
$501,372
Net income
-$32,434
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$0.00$2.12$5.51$5.63$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.23$0.00$2.23$5.84$5.63$0.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.00$2.03$5.24$6.17$0.92
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.95$0.00$2.95$4.59$3.37$1.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$0.00$1.73$4.77$4.57$0.20
2019Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$4.69$5.01$0.32
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$0.00$1.86$4.20$4.14$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.00$1.80$4.23$4.45$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$0.00$2.03$3.68$4.21$0.53
2015Detailed filing. Detailed filing data is available for this year.$2.66$0.10$2.56$4.66$3.98$0.68
2014Detailed filing. Detailed filing data is available for this year.$1.97$0.09$1.88$3.91$3.48$0.43