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Nonprofiteer
← US TRAVEL INSURANCE ASSOCIATION INC

Form 990 for tax year 2024

Filed by US TRAVEL INSURANCE ASSOCIATION INC.

Totals

Total revenue
$932,150
Total expenses
$853,270
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$929,338
Investment income
$2,812
Other revenue
$0
Total assets, end of year
$692,613
Total liabilities, end of year
$325,179
Net assets or fund balances, end of year
$367,434
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBER DUES

    total $387,825 · related or exempt $387,825

  • 2b · Program service revenue: ANNUAL CONFERENCE

    total $285,513 · related or exempt $285,513

  • 2c · Program service revenue: SPONSORSHIPS

    total $228,000 · related or exempt $228,000

  • 2d · Program service revenue: TRAVEL REGISTRY

    total $28,000 · related or exempt $28,000

  • 3 · Investment income

    total $2,812 · excluded $2,812

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $174,027

  • 11c · Fees: accounting

    total $11,750

  • 13 · Office expenses

    total $27,707

  • 14 · Information technology

    total $46,261

  • 17 · Travel

    total $6,013

  • 19 · Conferences, conventions and meetings

    total $341,516

  • 22 · Depreciation, depletion and amortization

    total $16,460

  • 23 · Insurance

    total $2,981

  • 24a · Other expenses: REGULATORY REFORM

    total $129,763

  • 24b · Other expenses: MARKET STUDY

    total $74,000

  • 24c · Other expenses: SPONSORSHIP EXPENSE

    total $15,426

  • 24d · Other expenses: CREDIT LOSS EXPENSE

    total $7,366

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $454,421 · end of year $568,299

  • 2 · Savings and temporary cash investments

    beginning of year $50,000 · end of year $50,000

  • 4 · Accounts receivable

    beginning of year $32,273 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,874 · end of year $20,277

  • 14 · Intangible assets

    beginning of year $70,497 · end of year $54,037

  • 17 · Accounts payable and accrued expenses

    beginning of year $117,486 · end of year $95,604

  • 19 · Deferred revenue

    beginning of year $233,025 · end of year $229,575

  • 27 · Net assets without donor restrictions

    beginning of year $288,554 · end of year $367,434

Mission and programs · 2024

Mission

TO FOSTER ETHICAL CONDUCT, ENSURE THAT THE PUBLIC HAS ACCESS TO AFFORDABLE TRAVEL INSURANCE, EDUCATE THE PUBLIC, AND PROMOTE A COMMITMENT TO EXCELLENCE IN THE TRAVEL INSURANCE INDUSTRY.

Activities or mission (Part I)

TO PROMOTE EXCELLENCE IN THE TRAVEL INSURANCE INDUSTRY.

  • TO FOSTER ETHICAL AND PROFESSIONAL STANDARDS OF INDUSTRY CONDUCT THROUGH CONFERENCES AND COMMUNICATIONS WITH INDUSTRY MEMBERS.

  • CULTIVATE EFFECTIVE STATE AND FEDERAL GOVERNMENT RELATIONS.

  • INFORM AND ASSIST MEMBERS AND EDUCATE CONSUMERS.

As filed on the 2024 return.

Listed in Part VII

  • Robert Gallagher

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Susan Silfen

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brandon Bates

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joe Muccia

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Wright

    DIRECTOR - FULL

    Total calculated
    $0
    Hours/week
    1

  • Beth Godlin

    DIRECTOR - FULL

    Total calculated
    $0
    Hours/week
    1

  • Brice King

    DIRECTOR - FULL

    Total calculated
    $0
    Hours/week
    1

  • Dean Sivley

    DIRECTOR - FULL

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Raschka

    DIRECTOR - FULL

    Total calculated
    $0
    Hours/week
    1

  • Chris Carnicelli

    DIRECTOR - FULL

    Total calculated
    $0
    Hours/week
    1

  • Mark Carney

    DIRECTOR - FULL

    Total calculated
    $0
    Hours/week
    1

  • Sean Brady

    DIRECTOR - FULL

    Total calculated
    $0
    Hours/week
    1

  • Matt Kinney

    DIRECTOR - ASSOCIATE

    Total calculated
    $0
    Hours/week
    1

  • Blake Yturralde

    DIRECTOR - ASSOCIATE

    Total calculated
    $0
    Hours/week
    1

  • Elliott Draga

    DIRECTOR - INTERNATIONAL ADVISORY

    Total calculated
    $0
    Hours/week
    1

  • Thomas Stefaniak

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    15

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

FORM 990, PART VII, LINE 5
THE BOARD IS A VOLUNTEER BOARD AND IS NOT COMPENSATED. THE ASSOCIATION HAS NO EMPLOYEES AND CONTRACTS WITH A THIRD PARTY MANAGEMENT COMPANY TO PERFORM THE ADMINISTRATIVE AND MANAGERIAL FUNCTIONS TRADITIONALLY PERFORMED BY EMPLOYEES. THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE MANAGEMENT COMPANY AND IS ONLY COMPENSATED BY THE MANAGEMENT COMPANY AT ITS FULL DISCRETION. THE ASSOCIATION HAS NO CONTROL OVER THAT COMPENSATION. THE BOARD EVALUATES THE WORK OF THE MANAGEMENT COMPANY AND REVIEWS THE CONTRACT FEE PAID AT LEAST ANNUALLY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202513149349304116

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