AMERICAN LAND TITLE ASSOCIATION

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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

1971

Legal Domicile

Principal Officer

DIANE TOMB

Phone

2022963671

Tax Period

2023-01-01 to 2023-12-31

AMERICAN LAND TITLE ASSOCIATION, founded in 1971, is a mid-sized nonprofit in the Community Improvement sector that reported $12.3M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $16.6M exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROMOTE THE SAFE AND EFFICIENT TRANSFER OF OWNERSHIP AND INTEREST IN REAL PROPERTY WITHIN THE FREE ENTERPRISE SYSTEM.

Program Service Accomplishments

Program 1

CONVENTIONS - ALTA, ALONG WITH AFFILIATED LAND TITLE ASSOCIATIONS AND OTHER INDUSTRY ORGANIZATIONS, HOSTS DOZENS OF MEETINGS EACH YEAR. EACH EVENT IS AN OPPORTUNITY TO NETWORK AND LEARN FROM INDUSTRY EXPERTS, VENDORS AND PEERS FROM ALL OVER THE COUNTRY. ALL OF ALTA'S MAJOR MEETINGS WERE HELD IN PERSON. ALTA SPRINGBOARD HAD 267 PEOPLE. ALTA ADVOCACY SUMMIT HAD 202 PEOPLE. ALTA ONE HAD 1,017 ATTENDEES. SEVERAL OF THE PROFESSIONAL DEVELOPMENT SESSIONS OFFER CONTINUING EDUCATION AND CONTINUING LEGAL EDUCATION CREDITS FOR PARTICIPANTS.

Program 2

THE GOVERNMENT AFFAIRS DEPARTMENT ENSURES THAT ALTA'S POSITIONS ARE HEARD BY CONGRESS AND FEDERAL GOVERNMENT AGENCIES BEFORE THEY ENACT LEGISLATION AND REGULATIONS. ALTA'S STATE LEGISLATIVE AND...

THE GOVERNMENT AFFAIRS DEPARTMENT ENSURES THAT ALTA'S POSITIONS ARE HEARD BY CONGRESS AND FEDERAL GOVERNMENT AGENCIES BEFORE THEY ENACT LEGISLATION AND REGULATIONS. ALTA'S STATE LEGISLATIVE AND REGULATORY WORK CONSISTS OF ASSISTING STATE LAND TITLE ASSOCIATIONS IN EDUCATING POLICY MAKERS ABOUT THE VALUES OF THE TITLE INSURANCE INDUSTRY. IT ENABLES THESE ASSOCIATIONS TO EASILY EXCHANGE REGIONAL INDUSTRY TRENDS AND STATE ADVOCACY TRENDS.

Program 3

ALTA PROVIDES INDUSTRY SPECIFIC GOVERNMENT, MARKET AND TECHNOLOGY NEWS TO ITS MEMBERSHIP AS WELL AS TO THE GENERAL PUBLIC. ALTA ALSO PROVIDES PRESS RELEASES SUPPORTING RECENT STANCES AND OPINIONS OF THE ASSOCIATION AND ITS MEMBERSHIP, IN ADDITION TO PROVIDING MARKETING TOOLS TO MEMBERS TO PUBLICIZE THE INDUSTRY. ADDITIONALLY ALTA PUBLISHES A MONTHLY MAGAZINE (TITLE NEWS - 22,466 SUBSCRIBERS), ELECTRONIC NEWSLETTERS, AND INDUSTRY STATISTICS AND TITLE INDUSTRY FINANCIAL INFORMATION.

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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 $148,100

Program Service Revenue $11,392,146

Investment Income $742,736

Other Revenue $47,331

TOTAL REVENUE $12,330,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,381,963

Fundraising Expenses $0

Other Expenses $9,181,005

TOTAL EXPENSES $16,562,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,330,313	$14,035,204	-0.1%
Expenses	$16,562,968	$14,093,500	+0.2%
Net Income	$-4,232,655	$-58,296	+71.6%

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

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

$1,803,953

Total Directors

Key Employees

$1,446,397

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON KENNEDY	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD H WELSHONS	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
TARA SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
CRAIG HASKINS	CHAIR, A&A SECTION	1.00	Officer Director	$0	$0	$0
LISA M STEELE	CHAIR, FINANCE COMMITTEE	1.00	Officer Director	$0	$0	$0
DAVID TOWNSEND	CHAIR, UND SECTION	1.00	Officer Director	$0	$0	$0
JACK RATTIKIN III	IMMEDIATE PAST PRESIDENT	2.00	Director	$0	$0	$0
DANIEL M WOLD	IMMEDIATE PAST PRESIDENT (TO OCT '23)	2.00	Director	$0	$0	$0
DEBORAH S BAILEY	GOVERNOR (FROM OCT '23)	1.00	Director	$0	$0	$0
SCOTT T CHANDLER	GOVERNOR	1.00	Director	$0	$0	$0
JOE GREALISH	GOVERNOR (TO OCT '23)	1.00	Director	$0	$0	$0
DON O'NEIL	GOVERNOR (FROM OCT '23)	1.00	Director	$0	$0	$0
QUINN H STUFFLEBEAM	GOVERNOR	1.00	Director	$0	$0	$0
DIANE TOMB	CEO	40.00	Officer	$940,408	$79,561	$1,019,969
CORNELIA HORNER	COO	40.00	Officer	$401,554	$42,725	$444,279
KELLY ROMEO	VP	40.00	Officer	$284,437	$55,268	$339,705
CHRISTOPHER MORTON	SR VP PUBLIC AFFAIRS	40.00	Key Emp	$581,688	$61,905	$643,593
STEVEN GOTTHEIM	GENERAL COUNSEL	40.00	Key Emp	$278,279	$49,177	$327,456
ELIZABETH BLOSSER	VP GOVERNMENT AFFAIRS	40.00	Key Emp	$239,238	$29,651	$268,889
JEREMY YOHE	VP COMMUNICATIONS	40.00	Key Emp	$171,545	$34,914	$206,459
EMILY TRYON	SR DIR PUBLIC POLICY & GOV	40.00	Highest	$211,875	$40,269	$252,144
KEVIN CAMERON	DIRECTOR OF GOVERNMENT AFFAIRS	40.00	Highest	$165,735	$15,691	$181,426
PAUL MARTIN	DIRECTOR, ALTA REGISTRY	40.00	Highest	$146,666	$45,564	$192,230
LAUREN DOLLERSCHELL	SR DIRECTOR OF MEETINGS	40.00	Highest	$140,214	$27,785	$167,999
STEVEN GOLD	PRODUCT DIRECTOR	40.00	Highest	$136,919	$23,701	$160,620

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	$12,330,313	$16,562,968	$30,310,783	$-4,232,655
2022	$14,035,204	$14,093,500	$33,055,227	$-58,296
2021	$11,565,543	$11,502,376	$34,520,579	$63,167
2020	$12,275,665	$9,785,021	$31,438,950	$2,490,644
2019	$13,118,899	$11,082,635	$29,664,386	$2,036,264
2018	$17,639,688	$9,825,311	$26,436,720	$7,814,377