LIFE INSURANCE SETTLEMENT ASSOCIATION INC (EIN 521912672) - 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

1994

Legal Domicile

Phone

2025806188

Tax Period

2024-01-01 to 2024-12-31

LIFE INSURANCE SETTLEMENT ASSOCIATION INC, founded in 1994, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $333K, a strong 27% operating margin.

Mission

TO ADVANCE THE HIGHEST STANDARDS OF PRACTICE AND PROFESSIONAL DEVELOPMENT FOR THE INDUSTRY, AND TO EDUCATE CONSUMERS AND ADVISORS ABOUT A LIFE SETTLEMENT AS AN ALTERNATIVE TO LAPSE OR SURRENDER OF A LIFE INSURANCE POLICY.

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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 $0

Program Service Revenue $1,033,077

Investment Income $0

Other Revenue $210,370

TOTAL REVENUE $1,243,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $909,978

TOTAL EXPENSES $909,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,243,447	$1,058,637	+0.2%
Expenses	$909,978	$1,068,019	-0.1%
Net Income	$333,469	$-9,382	-36.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Dallas	CHAIR	10.00	Officer Director	$0	$0	$0
Neal Jacobs	Vice Chair	3.00	Officer Director	$0	$0	$0
Christopher Conway	Secretary/Treas	3.00	Officer Director	$0	$0	$0
Sherry Duarte	Past Chair	3.00	Officer Director	$0	$0	$0
Brian T Casey	Director	3.00	Director	$0	$0	$0
Rob Haynie	Director	3.00	Director	$0	$0	$0
Nate McCormick	Director	3.00	Director	$0	$0	$0
Steven Shapiro	Director	3.00	Director	$0	$0	$0
John Welcom	Director	3.00	Director	$0	$0	$0
Bryan Nicholson	Executive Dir.	50.00	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	$1,243,447	$909,978	$584,854	$333,469
2023	$1,058,637	$1,068,019	$468,749	$-9,382
2022	$1,207,345	$917,053	$171,658	$290,292
2021	$1,189,367	$1,254,358	$298,199	$-64,991
2020	$1,188,908	$1,204,448	$160,994	$-15,540
2019	$1,298,110	$1,477,441	$101,604	$-179,331

LIFE INSURANCE SETTLEMENT ASSOCIATION INC