PROFESSIONAL LIABILITY ATTORNEY NETWORK

EIN: 300403854 Community Improvement

MINNEAPOLIS, MN

Total Revenue
$763,643
Total Expenses
$764,839
Total Assets
$255,492
Net Assets
$225,783
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
IL
Principal Officer
MICHAEL KAUFMAN
Phone
6512906277
Tax Period
2024-01-01 to 2024-12-31

PROFESSIONAL LIABILITY ATTORNEY NETWORK, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $764K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

To promote the interests of the public in receiving competent & efficient legal services by the means set forth below:1. By providing its members & their clients information & training through the use of seminars, newsletters & workshops.2. By the use of technology to enhance the exchange of information & improve the speed, efficiency, & quality of service provided by the members to their clients.3. By creating a forum for the exchange of ideas & information between members & their clients.4. By the creation of databases for sharing of information between the members & between the member & their clients.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $763,643
Investment Income $0
Other Revenue $0
TOTAL REVENUE $763,643

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $764,839
TOTAL EXPENSES $764,839

Year-over-Year Comparison

2024 2023 Change
Revenue $763,643 $805,381 -0.1%
Expenses $764,839 $788,914 0.0%
Net Income $-1,196 $16,467 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL KAUFMAN CHAIR 1.00
Officer Director
$0 $0 $0
CHRIS HEDICAN PAST CHAIR 1.00
Officer Director
$0 $0 $0
VIJAY MAGO VICE CHAIR 1.00
Officer Director
$0 $0 $0
JUSTIN LEVINE SEC/TREAS 1.00
Officer Director
$0 $0 $0
RICHARD DUKES Director 1.00
Director
$0 $0 $0
RICHARD REYNOLDS Director 1.00
Director
$0 $0 $0
MELISSA LESSELL Director 1.00
Director
$0 $0 $0
GRACE AUGHEY Executive Dir. 5.00
Officer
$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 $763,643 $764,839 $255,492 $-1,196
2023 $805,381 $788,914 $236,439 $16,467
2022 $917,652 $779,379 $210,512 $138,273
2021 $289,264 $235,745 $72,239 $53,519
2020 $258,180 $268,060 $18,719 $-9,880
2019 $839,315 $893,639 $28,599 $-54,324
2018 $780,800 $729,609 $77,365 $51,191
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PROFESSIONAL LIABILITY ATTORNEY NETWORK with other nonprofits in Minnesota and across the country.