ASSOCIATION FOR ADVANCED LIFE UNDERWRITING

EIN: 522118793

WASHINGTON, DC

Total Revenue
$7,824,367
Total Expenses
$6,782,459
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
DC
Principal Officer
MARC CADIN
Phone
7036419400
Tax Period
2020-01-01 to 2020-12-31

ASSOCIATION FOR ADVANCED LIFE UNDERWRITING, founded in 1998, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2020. Revenue surged 389% from the prior year, signaling strong growth momentum. Expenses of $6.8M left a modest 13% surplus.

Mission

TO PROMOTE, PRESERVE AND PROTECT ADVANCED LIFE INSURANCE PLANNING FOR THE BENEFIT OF OUR MEMBERS, THEIR CLIENTS, THE INDUSTRY AND THE GENERAL PUBLIC.

Program Service Accomplishments

Program 1

LEGISLATIVE AFFAIRS:THE MISSION OF AALU'S EFFORTS IN THE LEGISLATIVE AND REGULATORY AFFAIRS ARENA IS TO PROMOTE AND ADVOCATE FOR OUR MEMBERS, THEIR CLIENTS, AND THE BROADER LIFE INSURANCE COMMUNITY...

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LEGISLATIVE AFFAIRS:THE MISSION OF AALU'S EFFORTS IN THE LEGISLATIVE AND REGULATORY AFFAIRS ARENA IS TO PROMOTE AND ADVOCATE FOR OUR MEMBERS, THEIR CLIENTS, AND THE BROADER LIFE INSURANCE COMMUNITY ON PUBLIC POLICY ISSUES ASSOCIATED WITH THE USE OF LIFE INSURANCE TO PROVIDE LONG-TERM SAVINGS, PROTECTION, AND FINANCIAL AND RETIREMENT SECURITY, IN THE INDIVIDUAL, FAMILY, AND BUSINESS CONTEXT.MEMBERSHIP-RUN ISSUES COMMITTEES IN EACH OF THESE AREAS WORK IN CONJUNCTION WITH AALU STAFF AND COUNSEL TO MONITOR PUBLIC POLICY DEVELOPMENTS AND RECOMMEND POSITIONS AND ACTIONS UP THROUGH THE GOVERNMENT AFFAIRS COMMITTEE AND TO THE AALU BOARD THAT ARE DESIGNED TO ACHIEVE THE MOST FAVORABLE LEGISLATIVE AND REGULATORY RESULTS. EXAMPLES OF SPECIFIC LEGISLATIVE, REGULATORY AND PUBLIC AFFAIRS ISSUES UNDERTAKEN BY AALU INCLUDE MATTERS AFFECTING ESTATE PLANNING, DEFERRED COMPENSATION, BUSINESS USES OF LIFE INSURANCE, QUALIFIED PLANS, TAX TREATMENT AND REGULATION OF LIFE INSURANCE PRODUCTS AND PRODUCERS, AND THE UNDERSTANDING OF LIFE INSURANCE BY CONGRESS AND THE GENERAL PUBLIC.

Program 2

CONFERENCE AND MEETINGS:AALU PROVIDES ONE OF THE PREMIER MEETINGS IN THE INSURANCE BUSINESS. THE PURPOSE OF THE ANNUAL MEETING IS TO KEEP LIFE INSURANCE PROFESSIONALS ON THE LEADING EDGE OF TRENDS...

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CONFERENCE AND MEETINGS:AALU PROVIDES ONE OF THE PREMIER MEETINGS IN THE INSURANCE BUSINESS. THE PURPOSE OF THE ANNUAL MEETING IS TO KEEP LIFE INSURANCE PROFESSIONALS ON THE LEADING EDGE OF TRENDS AND SKILLS BY PROVIDING THEM WITH AN EDUCATIONAL AND NETWORKING FORUM. IN ADDITION, AALU OFFERS LIVE AND ON-DEMAND ACCESS TO WEBINARS AND TELECONFERENCES ON EDUCATIONAL AND ADVOCACY RELATED ISSUES.

Program 3

POLITICAL ENGAGEMENT PROGRAMS:ADVOCACY IS AT THE CORE OF AALU AND A POLITICALLY INVOLVED MEMBERSHIP IS KEY TO THE SUCCESS OF AALU'S MISSION. OUR POLITICAL PROGRAMS, SUCH AS THE AALU AMBASSADOR...

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POLITICAL ENGAGEMENT PROGRAMS:ADVOCACY IS AT THE CORE OF AALU AND A POLITICALLY INVOLVED MEMBERSHIP IS KEY TO THE SUCCESS OF AALU'S MISSION. OUR POLITICAL PROGRAMS, SUCH AS THE AALU AMBASSADOR PROGRAM, ARE DESIGNED TO ASSIST MEMBERS TO LEARN MORE ABOUT THE WORLD OF POLITICS AND TO GET PERSONALLY INVOLVED IN THE POLITICAL PROCESS.PREDICATED ON THE CONCEPT THAT YOU CAN'T DELEGATE PERSONAL RESPONSIBILITY, AALU'S UNIQUE ADVOCACY PROGRAMS LEVERAGE THE KNOWLEDGE AND EXPERTISE OF OUR MEMBERS TO HELP EDUCATE GOVERNMENT DECISION MAKERS ABOUT THE IMPACT OF THEIR ACTIONS ON CLIENTS WHO RELY ON LIFE INSURANCE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,689,719
Investment Income $-4,609
Other Revenue $139,257
TOTAL REVENUE $7,824,367

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,237,026
Fundraising Expenses $0
Other Expenses $3,545,433
TOTAL EXPENSES $6,782,459

Year-over-Year Comparison

2020 2019 Change
Revenue $7,824,367 $1,600,623 +3.9%
Expenses $6,782,459 $3,692,436 +0.8%
Net Income $1,041,908 $-2,091,813 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
33
Volunteers
86

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
6
$714,678
Total Directors
20
$0
Key Employees
2
$659,646
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC CADIN CEO 40.00
Officer
$502,498 $52,984 $555,482
DAVID STERTZER SENIOR EXECUTIVE ADVISOR 40.00
Key Emp
$347,229 $54,359 $401,588
SUZANNE JACOBS SVP, BUSINESS DEVELOPMENT 40.00
Key Emp
$217,515 $40,543 $258,058
MARILYN MATICIC VP, MEMBER EXPERIENCE 40.00
Highest
$236,717 $17,297 $254,014
ARMSTRONG ROBINSON VP, LEGISLATIVE AFFAIRS 40.00
Highest
$192,346 $34,773 $227,119
MATTHEW DERRICK SVP, MEMBER SERVICES 40.00
Highest
$167,895 $23,781 $191,676
CHRISTOPHER MORTON EVP, GOV'T AFFAIRS & BUS. STRATEGY 40.00
Highest
$141,752 $21,667 $163,419
TRACY MAWYER CFO 40.00
Officer
$128,344 $30,852 $159,196
DAVID HOLLINGSWORTH SR. DIR. OF PUBLIC POLICY & CONTENT DEV. 40.00
Highest
$111,764 $11,775 $123,539
RAYMOND L BENING PRESIDENT 3.00
Officer Director
$0 $0 $0
JERI TURLEY PRESIDENT-ELECT - AS OF 2/2020 3.00
Officer Director
$0 $0 $0
DAVID BYERS IMMEDIATE PAST PRESIDENT 3.00
Officer Director
$0 $0 $0
RICH VAN BENSCHOTEN VP/SECRETARY/TREASURER 3.00
Officer Director
$0 $0 $0
BERKELY ARRANTS DIRECTOR 1.00
Director
$0 $0 $0
KRISTI BARENS DIRECTOR 1.00
Director
$0 $0 $0
LUIS CHIAPPY DIRECTOR 1.00
Director
$0 $0 $0
ROBERT EICHLER DIRECTOR 1.00
Director
$0 $0 $0
DAVID FRITZ DIRECTOR 1.00
Director
$0 $0 $0
JAMES HEBETS DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL JAMES DIRECTOR 1.00
Director
$0 $0 $0
JAMES JOYCE DIRECTOR 1.00
Director
$0 $0 $0
DON LIPPENCOTT DIRECTOR 1.00
Director
$0 $0 $0
TOM LOVE DIRECTOR 1.00
Director
$0 $0 $0
RICHARD MAUS DIRECTOR 1.00
Director
$0 $0 $0
CARL PETERSON DIRECTOR 1.00
Director
$0 $0 $0
MARGUERITE RANGEL DIRECTOR 1.00
Director
$0 $0 $0
JULIE SCHNEIDER DIRECTOR 1.00
Director
$0 $0 $0
CHET SCHWARTZ DIRECTOR 1.00
Director
$0 $0 $0
CHIP VAN DUSEN 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
2020 $7,824,367 $6,782,459 No data $1,041,908
2019 $10,794,120 $11,079,297 $6,084,182 $-285,177
2018 $11,940,041 $12,591,416 $7,955,522 $-651,375
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