World Insurance Promotion Assn (EIN 814522533) - 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

2016

Legal Domicile

Principal Officer

Baoliang Sheng

Phone

2028990118

Tax Period

2024-01-01 to 2024-12-31

World Insurance Promotion Assn, founded in 2016, is a small nonprofit that reported $133K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $126K left a modest 5% surplus.

Mission

Promote open dialogue between life insurance companies around the world

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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 $132,980

Investment Income $0

Other Revenue $5

TOTAL REVENUE $132,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,147

Fundraising Expenses $0

Other Expenses $24,766

TOTAL EXPENSES $125,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$132,985	$89,609	+0.5%
Expenses	$125,913	$158,448	-0.2%
Net Income	$7,072	$-68,839	-1.1%

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

$61,026

Total Directors

$61,026

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Baoliang Sheng	president, Director	40.00	Officer Director	$61,026	$0	$61,026
Gary Aluise	Director	2.00	Officer Director	$0	$0	$0
Sophia Nie	Director	1.00	Officer 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
2024	$132,985	$125,913	$128,811	$7,072
2023	$89,609	$158,448	$91,254	$-68,839
2022	$267,000	$250,268	$105,367	$16,732
2021	$174,878	$183,407	$80,813	$-8,529
2020	$142,209	$151,288	$85,466	$-9,079
2019	$223,375	$249,431	$17,051	$-26,056
2018	$256,824	$261,493	$10,282	$-4,669

World Insurance Promotion Assn