ASSOCIATION OF LIFE INSURANCE COUNSEL (EIN 135566493) - 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

2010

Legal Domicile

Principal Officer

KATE BRUNSWICK CAE

Phone

6142211900

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION OF LIFE INSURANCE COUNSEL, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $492K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

THE ASSOCIATION OF LIFE INSURANCE COUNSEL PROMOTES THE EFFECTIVENESS OF LEGAL SERVICES TO LIFE INSURANCE COMPANIES, AND FURTHERS THE EDUCATION AND PROFESSIONAL ABILITIES OF LIFE INSURANCE LAWYERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $102,250

Investment Income $31,419

Other Revenue $358,553

TOTAL REVENUE $492,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $505,213

TOTAL EXPENSES $505,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$492,222	$393,724	+0.3%
Expenses	$505,213	$419,522	+0.2%
Net Income	$-12,991	$-25,798	-0.5%

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

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
ADITI BANERJEE	TRUSTEE	2.00	Director	$0	$0	$0
KENYATTA BOLDEN	TRUSTEE	2.00	Director	$0	$0	$0
LISA BONDURANT	TRUSTEE	2.00	Director	$0	$0	$0
KERMITT BROOKS	PRESIDENT	5.00	Officer Director	$0	$0	$0
RICHARD CHOI	TRUSTEE	2.00	Director	$0	$0	$0
MARK DREW	TRUSTEE	2.00	Director	$0	$0	$0
ANGELA FONTANA	PAST PRESIDE	3.00	Officer Director	$0	$0	$0
AYANA GORDON	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW HOLLAND	TRUSTEE	2.00	Director	$0	$0	$0
RYAN HEINEMANN	TRUSTEE	2.00	Director	$0	$0	$0
PAUL JOHNSTON	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
DODIE KENT	TRUSTEE	2.00	Director	$0	$0	$0
NATALIE LAMARQUE	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL O'CONNOR	TRUSTEE	2.00	Director	$0	$0	$0
JAY ORLANDI	TRUSTEE	2.00	Director	$0	$0	$0
KIMBERLY SHAUL	TRUSTEE	2.00	Director	$0	$0	$0
ALLISON TAM	TRUSTEE	2.00	Director	$0	$0	$0
JACQUELINE VENEZIANI	TRUSTEE	2.00	Director	$0	$0	$0
JASON WALTERS	SECRETARY TR	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$492,222	$505,213	$580,697	$-12,991
2022	$393,724	$419,522	$645,913	$-25,798
2021	$81,676	$115,386	$778,961	$-33,710
2020	$81,220	$130,316	$790,939	$-49,096
2019	$514,762	$445,295	$733,877	$69,467
2018	$449,907	$449,445	$565,655	$462

ASSOCIATION OF LIFE INSURANCE COUNSEL