SECURITIES & INSURANCE LICENSING ASSOCIATION (EIN 262312607) - 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

2008

Legal Domicile

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.

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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 $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

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

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

$165,799

Total Directors

$165,799

Key Employees

Highest Compensated

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

SECURITIES & INSURANCE LICENSING ASSOCIATION