Life Insurance Consumer Advocacy Center (EIN 845006056) - 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

2020

Legal Domicile

Principal Officer

Brian P Brosnahan

Phone

5107357191

Tax Period

2024-01-01 to 2024-12-31

Life Insurance Consumer Advocacy Center, founded in 2020, is a micro nonprofit in the Public & Societal Benefit sector that reported $35K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $82K exceeded revenue, resulting in a 136% operating deficit.

Mission

The mission of the Life Insurance Consumer Advocacy Center (the Center) isto alert the public, including consumers and policymakers, about the potential risks of certain types of life insurance policies, particularly life insurance investment schemes (LIIS) falling within the category of universal life, and about unfair practices in how such policies are sold; and to advocate for reasonable and essential consumer protections for these types of products.

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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 $22,071

Program Service Revenue $0

Investment Income $12,768

Other Revenue $0

TOTAL REVENUE $34,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $461

Program Expenses $80,388

Other Expenses $82,171

TOTAL EXPENSES $82,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,839	$249,249	-0.9%
Expenses	$82,171	$37,842	+1.2%
Net Income	$-47,332	$211,407	-1.2%

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
Richard M Weber	Treasurer	5.00	Officer Director	$0	$0	$0
Brian P Brosnahan	Executive Dir.	10.00	Officer Director	$0	$0	$0
Gerard J Vanderzanden	Secretary	5.00	Officer Director	$0	$0	$0
Charles Freiberg	Director	3.00	Director	$0	$0	$0
Roger B Patterson	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
2024	$34,839	$82,171	$405,365	$-47,332
2023	$249,249	$37,842	$449,963	$211,407
2022	$247,908	$12,110	$238,556	$235,798

Life Insurance Consumer Advocacy Center