ALLIANT INSURANCE FOUNDATION

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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

2021

Legal Domicile

Principal Officer

LILIAN VANVIELDT

Phone

6192381828

Tax Period

2023-01-01 to 2023-12-31

ALLIANT INSURANCE FOUNDATION, founded in 2021, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $512K, a strong 47% operating margin.

Mission

TO ENGAGE IN CHARITABLE ACTIVITIES THAT RELATE TO ENCOURAGING DIVERSITY AND INCLUSION IN THE RISK MANAGEMENT AND INSURANCE INDUSTRIES.

Program Service Accomplishments

Program 1

Expenses: $498,559

THE FOUNDATION WORKED TO INCREASE DIVERSITY AND INCLUSION IN THE INSURANCE INDUSTRY THROUGH VARIOUS GRANTS AND INITIATIVES. FIRST, IN PARTNERSHIP WITH SOUTHERN UNIVERSITY (AN HBCU) AND THE LOUISIANA DEPARTMENT OF INSURANCE, IT IS CREATING A FIRST OF ITS KIND DEGREE PROGRAM TO PREPARE UNDERREPRESENTED STUDENTS FOR THE INSURANCE AND RISK MANAGEMENT INDUSTRIES. SECOND, IT CONTRIBUTED TO THE CREATION OF THE MARINO CASEM SCHOLARSHIP FUND AT SOUTHERN UNIVERSITY (AN HBCU). FINALLY, THE FOUNDATION IS WORKING TO REMOVE BARRIERS TO WORKING IN THE INSURANCE INDUSTRY THROUGH ESTABLISHING A PROGRAM FOR UNDERREPRESENTED STUDENTS TO INTERN IN THE INSURANCE INDUSTRY AS WELL AS STUDY FOR CERTIFICATION PROGRAMS NECESSARY TO BE SUCCESSFUL AND COMPETITIVE.

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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 $1,021,399

Program Service Revenue $0

Investment Income $57,664

Other Revenue $0

TOTAL REVENUE $1,079,063

Expense Breakdown

Grants Paid $366,500

Salaries & Benefits $59,657

Fundraising Expenses $669

Program Expenses $498,559

Other Expenses $140,465

TOTAL EXPENSES $566,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,079,063	$2,114,950	-0.5%
Expenses	$566,622	$195,302	+1.9%
Net Income	$512,441	$1,919,648	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILIAN VANVIELDT	BOARD CHAIR	8.00	Officer Director	$0	$0	$0
ILENE ANDERS	Treasurer	1.00	Officer Director	$0	$0	$0
PETER CARPENTER	Secretary	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	No data	No data	No data	No data
2023	$1,079,063	$566,622	$2,630,349	$512,441
2022	$2,114,950	$195,302	$1,929,882	$1,919,648