Civic Intelligence

Insurance Company Supported Organizations Group Benefit Plan

EIN 23-7258552 • 501(c)9 • Indianapolis, IN

Profile

Icso h&w provides simplified administration, expert advice, and access to a unique mix of employee benefits products for insurance company supported organizations, their employees, and retirees.

3601 Vincennes RoadIndianapolis, IN 46268
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.54x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.17x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Net Margin

43rd percentile

2.0%

Higher net margin than 43% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$20,000

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

501(c)9 • $10M-$25M nonprofits • Source year 2024

Asset Growth

22nd percentile

-5.4%

Faster asset growth than 22% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

7.1%

Faster revenue growth than 52% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$4,361,629

Down $249,140 (-5.4%) from 2023

Liabilities

Down

$2,359,706

Down $520,772 (-18%) from 2023

Net Assets

Up

$2,001,923

Up $271,632 (+16%) from 2023

Revenue

Up

$13,861,731

Up $923,079 (+7.1%) from 2023

Expenses

Up

$13,590,099

Up $986,930 (+7.8%) from 2023

Net Income

Down

$271,632

Down $63,851 (-19%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2019: $3,186,245Liabilities 2019: $2,038,017Net Assets 2019: $1,148,2282019Assets 2020: $3,276,870Liabilities 2020: $2,072,511Net Assets 2020: $1,204,3592020Assets 2021: $3,519,913Liabilities 2021: $2,222,984Net Assets 2021: $1,296,9292021Assets 2022: $4,060,285Liabilities 2022: $2,665,477Net Assets 2022: $1,394,8082022Assets 2023: $4,610,769Liabilities 2023: $2,880,478Net Assets 2023: $1,730,2912023Assets 2024: $4,361,629Liabilities 2024: $2,359,706Net Assets 2024: $2,001,9232024

Highlighted filing

2024

Assets$4,361,629
Liabilities$2,359,706
Net Assets$2,001,923

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0Revenue 2019: $9,214,742Expenses 2019: $9,164,304Net Income 2019: $50,4382019Revenue 2020: $10,037,655Expenses 2020: $9,981,524Net Income 2020: $56,1312020Revenue 2021: $11,049,742Expenses 2021: $10,957,172Net Income 2021: $92,5702021Revenue 2022: $12,790,785Expenses 2022: $12,692,906Net Income 2022: $97,8792022Revenue 2023: $12,938,652Expenses 2023: $12,603,169Net Income 2023: $335,4832023Revenue 2024: $13,861,731Expenses 2024: $13,590,099Net Income 2024: $271,6322024

Highlighted filing

2024

Revenue$13,861,731
Expenses$13,590,099
Net Income$271,632

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 13, 2025
Return Version
2024v5.0
Gross Receipts
$13,861,731
Mission and Program Overview

Mission

Icso h&w provides simplified administration, expert advice, and access to a unique mix of employee benefits products for insurance company supported organizations, their employees, and retirees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,343,917$2,137,127▼ $206,790
Savings and Temporary Cash Investments$2,018,911$1,944,695▼ $74,216
Prepaid Expenses and Deferred Charges$150,515$206,196▲ $55,681
Accounts Receivable$97,426$52,303▼ $45,123
Total Assets$4,610,769$4,361,629▼ $249,140
Other Assets Total-$21,308-
Liabilities
Other Liabilities$2,805,361$2,191,674▼ $613,687
Accounts Payable and Accrued Expenses$75,117$168,032▲ $92,915
Total Liabilities$2,880,478$2,359,706▼ $520,772
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,730,291$2,001,923▲ $271,632
Total Net Assets Fund Balance$1,730,291$2,001,923▲ $271,632
Total Liabilities and Net Assets / Fund Balance$4,610,769$4,361,629▼ $249,140
Compensation and Service Providers

Employees

NameTitleBaseTotal
Ron CassessoChairman$20,000$20,000

Board Members and Trustees

NameTitle
Heidi WeberVice Chairma
Latoya HinesTrustee
Shawn BraceTrustee
Susan Erney-gleasonTrustee
Gregg DykstraSecretary
David MiddletonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Namic Insurance AgencyAdministrative3601 VINCENNES ROAD, Indianapolis, IN 46268$262,683
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,766,928
Investment Income
$94,803
Other Revenue
$0
Change in Net Assets
$271,632

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,861,731
Total Revenue per Audited Statements
$13,861,731
Total Revenue per Form 990
$13,861,731
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$531,098
Salaries, Compensation, and Employee Benefits$20,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$13,039,001
Insurance---$54,906
Fees for Services Accounting---$21,800
Fees for Services Legal---$20,160
Current Officers, Directors, Trustees, and Key Employees---$20,000
Fees for Services Other---$14,000
Other Expenses---$7,102
Travel---$1,862
Information Technology---$444
Total Functional Expenses$0$0$0$13,590,099

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,590,099
Total Expenses per Audited Statements$13,590,099
Total Expenses per Form 990$13,590,099
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Retiree Program Liability-post 65$1,976,296
Advance Contributions$176,594
Income Taxes Payable$20,548
Retiree Program Liability-pre 65$18,236
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Icso group benefit plan delegates administration services to national association of mutual insurance companies and its subsidiary namic insurance agency. Such services include provision of benefits, enrollment, provider coordination, accounting, recordkeeping, etc.

Form 990, Page 6, Part VI, Line 11B

The form 990 is made available to all board members for review and comment. The board is authorized to approve the report before form 990 is filed with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

The conflict of inerest policy is reviewed at orientation of new trustees, at trustee fiduciary reviews, and as needed during meetings.

Form 990, Page 6, Part VI, Line 19

Icso group benefit plan makes all required documents available to its members and to the public upon request.

Filing and Contact Details

Filer

Filer Name
Insurance Company Supported
EIN
23-7258552
Phone
3178755250
Address
3601 VINCENNES ROAD, INDIANAPOLIS, IN 46268

Signing Officer

Name
Ron Cassesso
Title
Chairman
Phone
3178755250
Signed
2025-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Cassesso
Formed
1966
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
4

Preparer

Firm
L M Henderson & Company Llp
Address
450 E 96TH ST STE 200, INDIANAPOLIS, IN 46240-3797
Preparer
Michelle L Zimmerman
Phone
3175661000
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The plan is funded by a trust that has received a determination letter on july 18, 2019, in which the internal revenue service stated that the plan, as then designed, was in compliance with the applicable requirements of the internal revenue code (the code). In accordance with section 419a of the code, the plan is subject to trust tax rates on net income earned from unrelated business activities. As the plan is a fully insured voluntary employee beneficiary association, management fee income related to the retiree programs is subject to tax. Management evaluates all significant income tax positions that it takes. For the years ended december 31, 2024 and december 31, 2023, management does not believe that it has taken any tax positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next twelve months. The plan recognizes interest and penalties, if any, related to unrecognized tax benefits in interest expense. No interest or penalties have been accrued or charged to expense for uncertain tax positions for the years ended december 31, 2024 and december 31, 2023. The plan is subject to routine audits by taxing jurisdictions, however, there are no current audits for any tax periods in progress. The annual information returns for the plan are subject to examination by taxing authorities for a period of three years from the date they are filed.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PLAN IS FUNDED BY A TRUST THAT HAS RECEIVED A DETERMINATION LETTER ON JULY 18, 2019, IN WHICH THE INTERNAL REVENUE SERVICE STATED THAT THE PLAN, AS THEN DESIGNED, WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE (THE CODE). IN ACCORDANCE WITH SECTION 419A OF THE CODE, THE PLAN IS SUBJECT TO TRUST TAX RATES ON NET INCOME EARNED FROM UNRELATED BUSINESS ACTIVITIES. AS THE PLAN IS A FULLY INSURED VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION, MANAGEMENT FEE INCOME RELATED TO THE RETIREE PROGRAMS IS SUBJECT TO TAX. MANAGEMENT EVALUATES ALL SIGNIFICANT INCOME TAX POSITIONS THAT IT TAKES. FOR THE YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023, MANAGEMENT DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. THE PLAN RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. NO INTEREST OR PENALTIES HAVE BEEN ACCRUED OR CHARGED TO EXPENSE FOR UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE NO CURRENT AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ANNUAL INFORMATION RETURNS FOR THE PLAN ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalExpensesPerForm990Amt013590099
IRS990ScheduleD/TotalLiabilityAmt02191674
IRS990ScheduleD/TotalRevenuePerForm990Amt013861731
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013861731
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013590099
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ICSO GROUP BENEFIT PLAN DELEGATES ADMINISTRATION SERVICES TO NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES AND ITS SUBSIDIARY NAMIC INSURANCE AGENCY. SUCH SERVICES INCLUDE PROVISION OF BENEFITS, ENROLLMENT, PROVIDER COORDINATION, ACCOUNTING, RECORDKEEPING, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT. THE BOARD IS AUTHORIZED TO APPROVE THE REPORT BEFORE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INEREST POLICY IS REVIEWED AT ORIENTATION OF NEW TRUSTEES, AT TRUSTEE FIDUCIARY REVIEWS, AND AS NEEDED DURING MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ICSO GROUP BENEFIT PLAN MAKES ALL REQUIRED DOCUMENTS AVAILABLE TO ITS MEMBERS AND TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0ADVOCATES FOR HIGHWAY & AUTO SAFETY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1ALABAMA INSURANCE GUARANTY ASSOCIAT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2ALABAMA INSURANCE UNDERWRITING ASSO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3AMERICAN NUCLEAR INSURERS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt4CALIFORNIA FAIR PLAN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt5COLORADO FAIR PLAN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt6CONNECTICUT FAIR PLAN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt7FAIR PLAN COST SHARING ALLIANCE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt8FLORIDA MEDICAL MALPRACTICE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt9GEORGIA UNDERWRITING ASSOCIATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt10ILLINOIS FAIR PLAN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt11ILLINOIS INSURANCE GUARANTY FUND
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt12ILLINOIS MINE SUBSIDENCE INSURANCE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt13JOINT INSURANCE ASSOCIATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt14KANSAS FAIR PLAN (ALL INDUSTRY PLAC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt15KENTUCKY INSURANCE GUARANTY ASSOCIA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt16MICHIGAN AUTOMOBILE PLACEMENT FACIL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt17MISSISSIPPI INSURANCE GUARANTY ASSO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt18MISSISSIPPI STATE RATING BUREAU
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt19MISSOURI PROPERTY INSURANCE PLACEME
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt20NATIONAL CONFERENCE OF INSURANCE GU
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt21NEVADA INSURANCE GUARANTY ASSOCIATI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt22NEW JERSEY INSURANCE UNDERWRITING A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt23NEW YORK PROPERTY INSURANCE UNDERWR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt24OHIO FAIR PLAN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt25PA JOINT UNDERWRITING ASSOCIATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt26PENNSYLVANIA FAIR PLAN (FAIR PLAN I
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt27PENNSYLVANIA FINANCIAL RESPONSIBILI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt28PA INSURACE GUARANTY ASSOCIATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt29PROPERTY INSURANCE ASSOCIATION OF L
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt30PROPERTY INSURANCE PLANS SERVICE OF
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt31SOUTH CAROLINA WIND AND HAIL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt32TENNESSEE INSURANCE GUARANTY ASSOCI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt33TEXAS MEDICAL JOINT UNDERWRITING AS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt34THE SURETY & FIDELITY ASSOC OF AMER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt35UNDERWRITERS SERVICE ASSOCIATION (A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt36VIRGINIA PROPERTY INSURANCE ASSOCIA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt37WASHINGTON INSURANCE FAIR PLAN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt38WISCONSIN INSURANCE PLAN
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