PHILA ASSOC OF LIFE UNDERWRITERS (EIN 230968120) - 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

1887

Legal Domicile

Principal Officer

Jan Hartman

Phone

7175991003

Tax Period

2024-01-01 to 2024-12-31

PHILA ASSOC OF LIFE UNDERWRITERS, founded in 1887, is a micro nonprofit that reported $30K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $38K exceeded revenue, resulting in a 27% operating deficit.

Mission

To provide Educational and Professional Development services to insurance and financial advisors

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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 $28,480

Program Service Revenue $1,838

Investment Income $0

Other Revenue $0

TOTAL REVENUE $30,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,660

Other Expenses $38,390

TOTAL EXPENSES $38,390

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,318	$34,416	-0.1%
Expenses	$38,390	$37,497	+0.0%
Net Income	$-8,072	$-3,081	+1.6%

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

258

Independent Members

258

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
Michael Knipe	President	3.00	Officer	$0	$0	$0
Robert Fink	Treasurer	1.00	Officer	$0	$0	$0
Lyla McCurdy	Immediate Past President	1.00	Officer	$0	$0	$0
James Boyd	Secretary	1.00	Officer	$0	$0	$0
Harris Kivitz	National Committeeman	1.00	Officer	$0	$0	$0
Michael Berardi	Board of Directors	1.00	Director	$0	$0	$0
Andrew Junikiewicz	Board of Directors	1.00	Director	$0	$0	$0
David Barrist	Board of Directors	1.00	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
2024	$30,318	$38,390	No data	$-8,072
2023	$34,416	$37,497	$97,323	$-3,081
2022	$34,530	$36,433	$100,404	$-1,903
2021	$33,011	$25,159	$102,307	$7,852
2020	$38,110	$26,575	$94,456	$11,535
2019	$40,250	$45,682	$82,921	$-5,432
2018	$47,976	$40,391	$80,632	$7,585

PHILA ASSOC OF LIFE UNDERWRITERS