PROFESSIONAL LIABILITY FOUNDATION LTD (EIN 043267680) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

EDWARD J BRENNAN

Phone

7819829143

Tax Period

2024-01-01 to 2024-12-31

PROFESSIONAL LIABILITY FOUNDATION LTD, founded in 1995, is a small nonprofit that reported $145K in total revenue in fiscal year 2024. Expenses of $126K left a modest 13% surplus.

Mission

ADVOCATE REFORM OF THE CURRENT TORT LAW SYSTEM AS IT AFFECTS MEDICAL SERVICE PROVIDERS, REFORM INS. SYSTEM AND IMPROVE CONDITIONS FOR MEDICAL PROVIDERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $145,000

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $145,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,000

Fundraising Expenses $0

Other Expenses $56,473

TOTAL EXPENSES $126,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,008	$145,012	0.0%
Expenses	$126,473	$121,946	+0.0%
Net Income	$18,535	$23,066	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$70,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH CUSHING	CHAIRMAN	5.00	Officer Director	$0	$0	$0
STEPHANIE SHEPS	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
MICHAEL SROCZYNSKI	TREASURER	5.00	Officer Director	$0	$0	$0
TIMOTHY E SLOWICK	SECRETARY	5.00	Officer Director	$0	$0	$0
MARYBETH FERRARINI	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM FRANK	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT FRIEDMAN	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER HYLEMAN	DIRECTOR	5.00	Director	$0	$0	$0
ROBIN MCNIFF	DIRECTOR	5.00	Director	$0	$0	$0
MARK REYNOLDS	DIRECTOR	5.00	Director	$0	$0	$0
BRENDA RICHARDSON	DIRECTOR	5.00	Director	$0	$0	$0
CATHERINE RODRIGUEZ	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER TOLKOFF	DIRECTOR	5.00	Director	$0	$0	$0
EDWARD BRENNAN JR	EXECUTIVE DIRECTOR	40.00	Officer	$70,000	$0	$70,000

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$145,008	$126,473	$291,841	$18,535
2023	$145,012	$121,946	$278,556	$23,066
2022	$145,012	$129,495	$254,990	$15,517
2021	$145,011	$114,687	$233,723	$30,324
2020	$140,023	$127,204	$208,899	$12,819
2019	$135,009	$145,588	$190,579	$-10,579
2018	$140,028	$146,067	$201,008	$-6,039

PROFESSIONAL LIABILITY FOUNDATION LTD