Pleasant Hill, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
In 2024, LICAC participated in the legislative process, opposing California SB 263 and securing several modest but pro-consumer changes to the bill; LICAC pursued Public Records Act requests to the...
In 2024, LICAC participated in the legislative process, opposing California SB 263 and securing several modest but pro-consumer changes to the bill; LICAC pursued Public Records Act requests to the California Department of Insurance for information about consumer complaints regarding life insurance and annuities; LICAC participated as a Consumer Representative to the National Association of Insurance Commissioners; LICAC submitted an amicus brief to the 9th Circuit Court of Appeals supporting the consumer in Moriarty v. American General Life Insurance Company; LICAC continued its public education mission through its website, social media, press releases, and press interviews.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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
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$0 | $0 | $0 |
| 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 |
Compare Life Insurance Consumer Advocacy Center with other nonprofits in California and across the country.