THE COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS (EIN 273782503) - 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

DONALD J WALTERS

Phone

2407443027

Tax Period

2023-01-01 to 2023-12-31

THE COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE A FORUM TO SERVE THE NEEDS OF THE LIFE INSURANCE INDUSTRY'S COMPLIANCE AND ETHICS PROFESSIONALS.

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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 $1,842,074

Investment Income $20,982

Other Revenue $0

TOTAL REVENUE $1,863,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,206,200

Fundraising Expenses $0

Other Expenses $719,346

TOTAL EXPENSES $1,925,546

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,863,056	$1,455,676	+0.3%
Expenses	$1,925,546	$1,611,392	+0.2%
Net Income	$-62,490	$-155,716	-0.6%

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

Independent Members

Employees

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

$494,880

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY BOLDEN	CHAIR	1.00	Officer Director	$0	$0	$0
MEGAN CLAYPOOL	CHAIR-ELECT	1.00	Director	$0	$0	$0
VICKIE BULGER	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
CHAD ESLINGER	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
JIM GOLEMBIEWSKI	BOARD OF DIRECTOR (THRU 1/1/23)	1.00	Director	$0	$0	$0
CYNDI HALL	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
GEORGE HANLEY	BOARD OF DIRECTOR (THRU 9/22/23)	1.00	Director	$0	$0	$0
MAUREEN HENDERSON	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
STEVE KOSLOW	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
MARLA LACEY	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY LUCIDO	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
JAMES ODLAND	BOARD OF DIRECTOR (THRU 2/1/23)	1.00	Director	$0	$0	$0
TIMOTHY O'DRISCROLL	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
SHARON PACHECO	BOARD OF DIRECTOR (1/1/23)	1.00	Director	$0	$0	$0
WAYNE SMILEY	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
NANCY SWEET	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
PETE ROCK	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
DONALD WALTERS	PRESIDENT & CEO	40.00	Officer	$392,984	$101,896	$494,880
CARLA STRAUCH	SVP - COMPLIANCE & ETHICS	40.00	Highest	$231,032	$92,991	$324,023
DEIDRE KEIMACH	VP - COMPLIANCE & ETHICS	40.00	Highest	$125,616	$49,234	$174,850
NANCY PEREZ	EXEC ASST/OFFICE MGR	40.00	Highest	$102,584	$52,962	$155,546

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	$1,863,056	$1,925,546	$1,464,743	$-62,490
2022	$1,455,676	$1,611,392	$1,566,383	$-155,716
2021	$1,374,237	$1,243,952	$1,844,022	$130,285
2020	$1,375,921	$1,242,217	$1,615,635	$133,704
2019	$1,431,574	$1,438,483	$1,163,128	$-6,909
2018	$1,399,691	$1,404,753	$1,234,872	$-5,062

THE COMPLIANCE AND ETHICS FORUM FOR LIFE INSURERS