Insurance Legislators Foundation Inc (EIN 391781696) - 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

1993

Legal Domicile

Principal Officer

Thomas B Considine

Phone

7322014133

Tax Period

2024-01-01 to 2024-12-31

Insurance Legislators Foundation Inc, founded in 1993, is a small nonprofit in the Unknown sector that reported $241K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $226K left a modest 6% surplus.

Mission

The Insurance Legislators Foundation (ILF) is a non-stock, non-profit formed in 1993. The purpose of the organization as stated in its bylaws includes, in part, educating and informing legislators on public policy arising from insurance-related legislation & regulation.

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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 $159,187

Program Service Revenue $81,776

Investment Income $0

Other Revenue $0

TOTAL REVENUE $240,963

Expense Breakdown

Grants Paid $104,333

Salaries & Benefits $0

Fundraising Expenses $44,038

Program Expenses $163,908

Other Expenses $121,888

TOTAL EXPENSES $226,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$240,963	$213,752	+0.1%
Expenses	$226,221	$125,829	+0.8%
Net Income	$14,742	$87,923	-0.8%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Oliverson	President	1.00	Officer	$0	$0	$0
Pamela Hunter	Vice President	1.00	Officer	$0	$0	$0
Paul Utke	Treasurer	1.00	Officer	$0	$0	$0
Edmond Jordan	Secretary	1.00	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	$240,963	$226,221	$189,342	$14,742
2023	$213,752	$125,829	$147,977	$87,923

Insurance Legislators Foundation Inc