PROFESSIONAL LIABILITY AGENTS NETW… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

NICK MALETTA

Phone

2177534660

Tax Period

2024-04-01 to 2025-03-31

PROFESSIONAL LIABILITY AGENTS NETWORK INC, founded in 1988, is a small nonprofit that reported $298K in total revenue in fiscal year 2024. Net assets of $1.2M represent 50 months of operating reserves.

Mission

THE ORGANIZATION PROVIDES A FORUM FOR THE EXCHANGE OF INFORMATION FOR AIDING AND IMPROVING THE BUSINESS OF PROVIDING LIABILITY INSURANCE FOR ARCHITECTS, ENGINEERS, AND ACCOUNTANTS.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES A FORUM FOR THE EXCHANGE OF INFORMATION FOR AIDING AND IMPROVING THE BUSINESS OF PROVIDING LIABILITY INSURANCE FOR ARCHITECTS, ENGINEERS, AND ACCOUNTANTS.

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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 $0

Program Service Revenue $266,863

Investment Income $29,836

Other Revenue $1,625

TOTAL REVENUE $298,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $299,857

TOTAL EXPENSES $299,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,324	$278,369	+0.1%
Expenses	$299,857	$219,407	+0.4%
Net Income	$-1,533	$58,962	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MADIE BENAVIDEZ	TREASURER	2.00	Director	$0	$0	$0
HILLARY BRYANT	DIRECTOR	2.00	Director	$0	$0	$0
MAGDALENA CAMMIDGE	DIRECTOR	2.00	Director	$0	$0	$0
MIKE COSGROVE	DIRECTOR	2.00	Officer Director	$0	$0	$0
KEN ESTES	EMERITUS	2.00	Officer Director	$0	$0	$0
LANDON FISHER	DIRECTOR	2.00	Director	$0	$0	$0
NICK MALETTA	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
ROB MCLEOD	PRESIDENT	2.00	Officer Director	$0	$0	$0
MIKE OLSON	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE PIERCY	DIRECTOR	2.00	Director	$0	$0	$0
KELLY POTTER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
KEVIN PRATT	DIRECTOR	2.00	Director	$0	$0	$0

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
2025	$298,324	$299,857	$1,342,849	$-1,533
2024	$278,369	$219,407	$1,300,133	$58,962
2023	$251,172	$251,994	$1,243,476	$-822
2022	$417,951	$322,651	$1,239,639	$95,300
2021	$378,118	$217,505	$1,189,952	$160,613
2020	$450,148	$403,438	$1,039,866	$46,710
2019	$467,361	$394,608	$1,237,032	$72,753

PROFESSIONAL LIABILITY AGENTS NETWORK INC