SECURITIES & INSURANCE LICENSING ASSOCIATION

EIN: 262312607 Community Improvement

ZIONSVILLE, IN

Total Revenue
$1,274,872
Total Expenses
$1,206,567
Total Assets
$1,993,694
Net Assets
$1,709,944
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
IN
Principal Officer
SHERRI COLEMAN
Phone
8004288329
Tax Period
2024-01-01 to 2024-12-31

SECURITIES & INSURANCE LICENSING ASSOCIATION, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 5% surplus.

Mission

THE MISSION OF THE SECURITIES AND INSURANCE LICENSING ASSOCIATION (SILA) IS TO PROVIDE AN EDUCATIONAL FORUM THROUGH WHICH ALL MEMBERS OF THE INSURANCE LICENSING AND SECURITIES REGISTRATION INDUSTRIES CAN EXCHANGE INFORMATION, BEST PRACTICES AND IDEAS TO RESOLVE ISSUES COMMON TO THE INDUSTRY. SILA PROVIDES A VENUE FOR INDUSTRY AND REGULATORS TO COME TOGETHER TO STREAMLINE AND IMPROVE LICENSING AND REGISTRATION ACROSS THE COUNTRY.

Program Service Accomplishments

Program 1

MEMBERSHIP SERVICES: SILA CONTINUES TO PROVIDE THE FOLLOWING BENEFITS TO ITS MEMBERS: SILA LICENSING JOURNAL, MEMBERSHIP DIRECTORY, SILA NEWSLETTERS, SILA BEST PRACTICES HANDBOOK, RESOURCE CENTER...

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MEMBERSHIP SERVICES: SILA CONTINUES TO PROVIDE THE FOLLOWING BENEFITS TO ITS MEMBERS: SILA LICENSING JOURNAL, MEMBERSHIP DIRECTORY, SILA NEWSLETTERS, SILA BEST PRACTICES HANDBOOK, RESOURCE CENTER (DISCUSSION FORUM, REGULATORY UPDATES, SUBGROUP COMMITTEES, NON-DUES PAYING CHAPTER MEETINGS), AND AWARD RECOGNITIONS. SILA ALSO OFFERES THE SILA DIGEST SERVICE AS A RESOURCE BENEFIT TO ITS MEMBERS, OFFERED UNDER A REVENUE SHARE ARRANGEMENT WITH THE CONTENT PROVIDERS.

Program 2

ANNUAL EDUCATION CONFERENCE: MEMBERS EXPERIENCE PROFESSIONAL DEVELOPMENT AND NETWORKING OPPORTUNITIES.

Program 3

TRAINING AND DESIGNATION PROGRAMS: PROVIDE EDUCATIONAL COURSES AND PROGRAMS FOR MEMBERS' EDUCATIONAL GROWTH AND RECOGNITION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $378,950
Program Service Revenue $815,500
Investment Income $51,417
Other Revenue $29,005
TOTAL REVENUE $1,274,872

Expense Breakdown

Grants Paid $18,242
Salaries & Benefits $291,895
Fundraising Expenses $0
Other Expenses $896,430
TOTAL EXPENSES $1,206,567

Year-over-Year Comparison

2024 2023 Change
Revenue $1,274,872 $1,038,648 +0.2%
Expenses $1,206,567 $1,003,306 +0.2%
Net Income $68,305 $35,342 +0.9%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
14
Independent Members
14
Employees
4
Volunteers
200

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
8
$165,799
Total Directors
20
$165,799
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER COULTER TREASURER 1.00
Officer Director
$0 $0 $0
BILL SWANSTROM FINRA ADVISOR 1.00
Director
$0 $0 $0
PAUL WILLIS PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
PAULA SISNEROS VENDOR RELATIONS CHAIR 1.00
Director
$0 $0 $0
JASON MCCARTNEY SPONSORSHIP 1.00
Director
$0 $0 $0
FRED KARLINSKY LEGAL ADVISOR 1.00
Director
$0 $0 $0
DIANA CAPES EXECUTIVE DIRECTOR - EXITED 12/31/24 40.00
Officer Director
$119,357 $0 $119,357
ALLISTER YU COMMUNICATIONS CHAIR 1.00
Director
$0 $0 $0
DEBORAH FABRITZ REGULATORY SECURITIES ADVISOR 1.00
Director
$0 $0 $0
TRACY SLOAN NOMINATIONS 1.00
Director
$0 $0 $0
RICHARD TOZER REGULATORY ADVISOR 1.00
Director
$0 $0 $0
SHERRI COLEMAN EXECUTIVE DIRECTOR - STARTED 7/15/24 40.00
Officer Director
$46,442 $0 $46,442
NIKKI BROWN SECRETARY 1.00
Officer Director
$0 $0 $0
DIANA IVEY IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
TIM OWEN PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
RACHEL CHESTER REGULATORY ADVISOR 1.00
Director
$0 $0 $0
BRANDI BROWN EDUCATION CHAIR 1.00
Director
$0 $0 $0
APRIL GASKIN SECURITIES 1.00
Director
$0 $0 $0
AMY WARD MEMBERSHIP SERVICES 1.00
Director
$0 $0 $0
LESLI LEAKEY GOVERNANCE CHAIR 1.00
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 $1,274,872 $1,206,567 $1,993,694 $68,305
2023 $1,038,648 $1,003,306 $1,937,125 $35,342
2022 $909,747 $869,903 $1,844,452 $39,844
2021 $697,365 $662,454 $1,763,670 $34,911
2020 $537,996 $422,887 $1,701,243 $115,109
2019 $915,791 $866,973 $1,628,340 $48,818
2018 $861,256 $792,326 $1,536,179 $68,930
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