ACADEMY OF LIFE UNDERWRITING

EIN: 455087087 Community Improvement

WASHINGTON, DC

Total Revenue
$651,625
Total Expenses
$564,220
Total Assets
$567,371
Net Assets
$567,371
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
PA
Principal Officer
ANN DAY
Phone
2024953130
Tax Period
2024-07-01 to 2025-06-30

ACADEMY OF LIFE UNDERWRITING, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $652K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $564K left a modest 13% surplus.

Mission

ACADEMY OF LIFE UNDERWRITING (ALU) OFFERS INFORMATION, EDUCATION AND DEVELOPMENT OPPORTUNITIES AND RECOGNITION OF EDUCATIONAL ACCOMPLISHMENTS TO LIFE INSURANCE UNDERWRITERS AND OTHER INDIVIDUALS INTERESTED IN LIFE INSURANCE UNDERWRITING.

Program Service Accomplishments

Program 1

EDUCATION: CURRICULUM AND EXAM PREPARATION AND ADMINISTRATION: ALU CREATES CURRICULUM AND PREPARES AND ADMINISTERS EXAMINATIONS TO ASSESS THE KNOWLEDGE AND EXPERIENCE OF LIFE INSURANCE UNDERWRITERS...

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EDUCATION: CURRICULUM AND EXAM PREPARATION AND ADMINISTRATION: ALU CREATES CURRICULUM AND PREPARES AND ADMINISTERS EXAMINATIONS TO ASSESS THE KNOWLEDGE AND EXPERIENCE OF LIFE INSURANCE UNDERWRITERS AND OTHER INTERESTED LIFE INSURANCE PROFESSIONALS WORLDWIDE. ALU CURRICULUM GROUP VOLUNTEERS, WITH CONTRIBUTIONS FROM PEERS, MEDICAL CONSULTANTS, AND INDUSTRY EXPERTS, CREATE COMPREHENSIVE EDUCATIONAL MATERIAL SPECIFICALLY FOCUSED ON LIFE INSURANCE UNDERWRITING TO ENSURE THAT THOSE WORKING IN LIFE INSURANCE RISK MANAGEMENT HAVE THE EDUCATION AND KNOWLEDGE TO PROVIDE VALUABLE EXPERTISE IN THEIR RESPECTIVE ROLES. LIFE INSURANCE UNDERWRITING IS A DYNAMIC PROFESSION, AND THE ALU CURRICULUM GROUP IS ALSO RESPONSIBLE FOR MAINTAINING UP-TO-DATE TEXTBOOK CONTENT REGARDING MEDICAL (CONTINUED ON SCHEDULE O)AND FINANCIAL FACTORS, ALONG WITH NEW OR CHANGED REGULATIONS/RESTRICTIONS FOR THE LIFE INSURANCE INDUSTRY AND ANNUALLY UPDATING/EDITING THE FOUR ALU TEXTBOOKS ACCORDINGLY. THE TEXTBOOKS ARE AVAILABLE ON AMAZON FOR STUDENTS TO PURCHASE. USING THIS MATERIAL, ALU EXAMINATION GROUP VOLUNTEERS ARE RESPONSIBLE FOR CREATING OBJECTIVE EXAMS DESIGNED TO COVER THE CURRICULUM, SPECIFICALLY FOCUSING ON RELEVANT AND PERTINENT DETAILS AN EDUCATED AND SKILLED LIFE INSURANCE UNDERWRITER MUST KNOW. GUIDED BY MEDICAL AND EDUCATION CONSULTANTS AND USING STANDARDIZED QUESTION FORMATTING AND DIFFICULTY/DISCRIMINATION SCORING, ALU VOLUNTEERS ANNUALLY PREPARE TEST QUESTIONS FOR THEIR PEERS THAT INCREASE IN DIFFICULTY WITH EACH EXAM. THE FOUR ALU EXAMS ARE OFFERED ELECTRONICALLY ON A PROCTORED BASIS EVERY APRIL, AND THE FIRST EXAM IS ALSO OFFERED AGAIN IN OCTOBER. SUCCESSFUL COMPLETION OF ALL FOUR EXAMS PLUS A SUPPLEMENTAL CURRICULUM OF OUTSIDE STUDIES, LEADS TO THE PROFESSIONAL DESIGNATION, FELLOW, ACADEMY OF LIFE UNDERWRITING (FALU), THE GOLD STANDARD FOR LIFE INSURANCE UNDERWRITERS TO ACHIEVE.

Program 2

EDUCATIONAL OPPORTUNITIES AND CONTINUING EDUCATION RECOGNITION:THE ALU EDUCATION GROUP OFFERS SEVERAL OPPORTUNITIES FOR PROFESSIONAL GROWTH AND CONTINUED EDUCATION FOR LIFE INSURANCE UNDERWRITERS AND...

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EDUCATIONAL OPPORTUNITIES AND CONTINUING EDUCATION RECOGNITION:THE ALU EDUCATION GROUP OFFERS SEVERAL OPPORTUNITIES FOR PROFESSIONAL GROWTH AND CONTINUED EDUCATION FOR LIFE INSURANCE UNDERWRITERS AND LIFE INSURANCE PROFESSIONALS. WEBINARS ARE AVAILABLE BY ANNUAL SUBSCRIPTION TO LIFE INSURANCE COMPANIES AT GROUP RATES AND TO INDIVIDUALS AT INDIVIDUAL RATES. THE WEBINARS COVER EMERGING AND ESTABLISHED TOPICS IMPORTANT TO THE UNDERWRITING PROFESSION. ALU VOLUNTEERS, IN COORDINATION WITH MEDICAL CONSULTANTS AND INDUSTRY EXPERTS, OFFER FIVE INTERACTIVE EDUCATIONAL WEBINARS YEARLY AND THOSE WEBINARS, IN ADDITION TO OTHER TOPIC-SPECIFIC TRAINING WEBINARS, ARE STORED IN A LIBRARY AND ARE AVAILABLE AS RESOURCES. THE ALU CONTINUING EDUCATION AND CERTIFICATION GROUP (CONTINUED ON SCHEDULE O)IS RESPONSIBLE FOR SETTING A DEFINED LEVEL OF CONTINUING EDUCATION TO HOLD THE CERTIFIED, FELLOW ACADEMY LIFE UNDERWRITER DESIGNATION OR TO ATTAIN THE DESIGNATION OF CERTIFIED, PROFESSIONAL LIFE UNDERWRITER AND THE ACCEPTABLE COURSEWORK OR INDUSTRY ACTIVITIES TO ACHIEVE IT. THIS ASSURES THAT THOSE WHO EARNED THEIR FALU DESIGNATION IN THE PAST STAY CURRENT ON THE LATEST MEDICAL, FINANCIAL, AND LEGAL ASPECTS OF LIFE INSURANCE UNDERWRITING. ALU SUPPORTS LIFELONG LEARNING BY PROVIDING EDUCATIONAL OPPORTUNITIES AND RESOURCES. IN ADDITION TO THE GROUPS PREVIOUSLY LISTED, THE ALU SURVEY GROUP CONDUCTS INDUSTRY SURVEYS ANNUALLY ON TOPICS OF INTEREST AND NEED, AND THE ALU FORUM GROUP HOSTS AN ANNUAL MANAGEMENT FORUM TO DISCUSS KEY EVENTS, REGULATIONS, ISSUES, AND ADVANCEMENTS IN THE LIFE INSURANCE INDUSTRY.

Program 3

ON THE RISK: THE JOURNAL OF THE ACADEMY OF LIFE UNDERWRITING:ON THE RISK: THE JOURNAL OF THE ACADEMY OF LIFE UNDERWRITING (OTR) IS A PROFESSIONAL JOURNAL PUBLISHED QUARTERLY BY ALU. THE ON THE RISK...

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ON THE RISK: THE JOURNAL OF THE ACADEMY OF LIFE UNDERWRITING:ON THE RISK: THE JOURNAL OF THE ACADEMY OF LIFE UNDERWRITING (OTR) IS A PROFESSIONAL JOURNAL PUBLISHED QUARTERLY BY ALU. THE ON THE RISK EDITORIAL TEAM, TOGETHER WITH A GROUP OF EDITORS AND MANAGERS, SECURES TIMELY, IN-DEPTH ARTICLES WRITTEN BY PRACTITIONERS AND MEMBERS OF THE UNDERWRITING COMMUNITY. THE JOURNAL CONTRIBUTES TO THE PROFESSIONAL AND CONTINUING EDUCATION NEEDS OF THE WORLDWIDE LIFE INSURANCE UNDERWRITING INDUSTRY AND ITS READERSHIP. ON THE RISK REACHES OVER 2,000 SUBSCRIBERS AND SUPPORTS THE MISSION OF ALU BY PROVIDING CONTINUING EDUCATION TO ENCOURAGE UNDERWRITERS TO OBTAIN THE FELLOW, ACADEMY OF LIFE UNDERWRITING (FALU) DESIGNATION, AND BY PROMOTING THE (CONTINUED ON SCHEDULE O)ALU EDUCATION PROGRAMS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $637,869
Investment Income $7,519
Other Revenue $6,237
TOTAL REVENUE $651,625

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $564,220
TOTAL EXPENSES $564,220

Year-over-Year Comparison

2024 2023 Change
Revenue $651,625 $543,443 +0.2%
Expenses $564,220 $651,232 -0.1%
Net Income $87,405 $-107,789 -1.8%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
80

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN DAY PRESIDENT 15.00
Officer Director
$0 $0 $0
JODI MCDONALD CHAIR 15.00
Officer Director
$0 $0 $0
SOPHIE CLEMENT BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER DAHL BOARD MEMBER 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
2025 $184,008 $215,261 $538,262 $-31,253
2025 $651,625 $564,220 $567,371 $87,405
2024 $543,443 $651,232 $475,726 $-107,789
2023 $549,725 $596,034 $576,263 $-46,309
2022 $484,298 $492,287 $619,142 $-7,989
2021 $391,119 $659,663 $639,330 $-268,544
2020 $527,289 $575,662 $907,874 $-48,373
2019 $513,687 $599,986 $956,247 $-86,299
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