PROFESSIONAL LIFE ADVISORS NETWORK LTD (EIN 352377968) - 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

CAROL RANDO

Phone

6102209051

Tax Period

2023-01-01 to 2023-12-31

PROFESSIONAL LIFE ADVISORS NETWORK LTD, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $599K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $203K, a strong 34% operating margin.

Mission

TO ENABLE AND ENCOURAGE A HIGH STANDARD OF PRACTICE IN THE LIFE INSURANCE INDUSTRY THROUGH TRAINING AND EDUCATION.

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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 $599,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $599,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,850

Fundraising Expenses $0

Other Expenses $78,797

TOTAL EXPENSES $395,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$599,000	$384,500	+0.6%
Expenses	$395,647	$373,069	+0.1%
Net Income	$203,353	$11,431	+16.8%

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

N/A

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

$316,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER GOODE	PRESIDENT (UNTIL 10/2023)	0.50	Officer Director	$0	$0	$0
THOMAS BELLIG	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES FARMER	BOARD MEMBER	0.50	Director	$0	$0	$0
STEPHEN GRICE	BOARD MEMBER	0.50	Director	$0	$0	$0
REX CRETELLA	BOARD MEMBER (AS OF 10/2023)	0.50	Director	$0	$0	$0
CAROL RANDO	EXECUTIVE DIRECTOR	30.00	Officer	$316,850	$0	$316,850

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	$599,000	$395,647	$696,271	$203,353
2022	$384,500	$373,069	$492,918	$11,431
2021	$399,500	$369,797	$481,487	$29,703
2020	$387,333	$370,623	$451,784	$16,710
2019	$384,667	$765,709	$601,083	$-381,042
2018	$400,500	$338,667	$978,659	$61,833

PROFESSIONAL LIFE ADVISORS NETWORK LTD