NATIONAL ASSOCIATION OF FRATERNAL INSURANCE COUNSELORS INC (EIN 391640907) - 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

1989

Legal Domicile

Principal Officer

GREG MALLET

Phone

9204784901

Tax Period

2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF FRATERNAL INSURANCE COUNSELORS INC, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $359K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Net assets of $862K represent 29 months of operating reserves.

Mission

1. TO SUPPORT AND MAINTAIN THE PRINCIPLES OF FRATERNAL LIFE INSURANCE 2. TO PROMOTE HIGH ETHICAL STANDARDS IN THE SALE AND SERVICE OF FRATERNAL PRODUCTS AND BENEFITS 3. TO PROMOTE INCREASED KNOWLEDGE OF FRATERNAL REPRESENTATIVES AND TO STIMULATE AND DEVELOP SUCCESSFUL SALES AND SERVICE PRACTICES 4. TO AFFORD THE OPPORTUNITY OF THE EXCHANGE OF IDEAS BETWEEN FRATERNAL REPRESENTATIVES

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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 $156,034

Program Service Revenue $192,566

Investment Income $9,922

Other Revenue $15

TOTAL REVENUE $358,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13,019

Program Expenses $288,533

Other Expenses $373,196

TOTAL EXPENSES $373,196

Year-over-Year Comparison

	2023	2022	Change
Revenue	$358,537	$412,012	-0.1%
Expenses	$373,196	$326,213	+0.1%
Net Income	$-14,659	$85,799	-1.2%

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

Total Directors

$84,466

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON KULYK	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
GREG MALLET	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL LLOYD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
THOMAS WESOLOWSKI	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
BRAD MAENNER	EXECUTIVE DI	40.00	Director	$84,466	$0	$84,466
EUGENE SMART	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY HOULAHAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL SCHACHLE	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA LUREEN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SIMPSON	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$358,537	$373,196	$861,766	$-14,659
2022	$412,012	$326,213	$876,425	$85,799
2021	$480,952	$382,716	$797,116	$98,236
2020	$238,025	$186,337	$697,830	$51,688
2019	$345,886	$363,905	$654,348	$-18,019
2018	$316,337	$313,640	$675,351	$2,697

NATIONAL ASSOCIATION OF FRATERNAL INSURANCE COUNSELORS INC