ASSURANCE FOR LIFE INC (EIN 311118102) - 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

1984

Legal Domicile

Principal Officer

RANDY HARDMAN

Phone

8592788469

Tax Period

2024-01-01 to 2024-12-31

ASSURANCE FOR LIFE INC, founded in 1984, is a small nonprofit in the Civil Rights & Advocacy sector that reported $814K in total revenue in fiscal year 2024. Expenses of $975K exceeded revenue, resulting in a 20% operating deficit.

Mission

MISSION: TO EMPOWER INDIVIDUALS TO CONSIDER BENEFICIAL OPTIONS FOR PREGNANCY AND SEXUAL HEALTH

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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 $394,347

Program Service Revenue $0

Investment Income $23,837

Other Revenue $396,188

TOTAL REVENUE $814,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $761,378

Fundraising Expenses $132,632

Program Expenses $731,205

Other Expenses $213,911

TOTAL EXPENSES $975,289

Year-over-Year Comparison

	2024	2023	Change
Revenue	$814,372	$795,942	+0.0%
Expenses	$975,289	$913,486	+0.1%
Net Income	$-160,917	$-117,544	+0.4%

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

$81,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE WILEY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANGELA COLEMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR ERIKA MUSIC	SECRETARY	1.00	Officer Director	$0	$0	$0
GLENN NORVELL	TREASURER	1.00	Officer Director	$0	$0	$0
ANNA HOGAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BILLINGS	DIRECTOR	1.00	Director	$0	$0	$0
DAN COLLIER	DIRECTOR	1.00	Director	$0	$0	$0
KAY FROST	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PRUITT	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PARKER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FULTZ	DIRECTOR	1.00	Director	$0	$0	$0
DAMON SEXTON	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
RANDY HARDMAN	EXECUTIVE DIRECTOR	40.00	Officer	$81,500	$0	$81,500

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	$814,372	$975,289	$650,179	$-160,917
2023	$795,942	$913,486	$811,096	$-117,544
2022	$853,109	$774,085	$928,640	$79,024
2021	$678,005	$665,876	$849,616	$12,129
2020	$949,167	$582,563	$837,487	$366,604
2019	$629,190	$596,454	$470,883	$32,736
2018	$554,916	$548,531	$449,320	$6,385

ASSURANCE FOR LIFE INC