Association Of Life Insurance Counsel
Association Of Life Insurance Counsel shows stable assets but recent operating deficits with no reported officer compensation.
EIN: 135566493 · Worthington, OH · NTEE: S41 · Updated: 2026-03-28
Is Association Of Life Insurance Counsel Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Association Of Life Insurance Counsel directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Association Of Life Insurance Counsel
Association Of Life Insurance Counsel (EIN: 135566493) is a nonprofit organization based in Worthington, OH, classified under NTEE code S41. The organization reported total revenue of $494K and total assets of $708K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Association Of Life Insurance Counsel's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Association Of Life Insurance Counsel with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Association Of Life Insurance Counsel allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid, compensated through non-officer roles, or that the organization operates with a volunteer executive structure, which is highly efficient for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Association Of Life Insurance Counsel's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023, 2022, 2021, 2020) where expenses exceeded revenue.
- Significant year-over-year revenue volatility, making financial planning potentially challenging (e.g., $81,676 in 2021 vs. $492,222 in 2023).
Strengths
The following positive indicators were identified for Association Of Life Insurance Counsel:
- Strong asset base consistently exceeding liabilities, indicating good financial solvency.
- Consistent reporting of 0% officer compensation, suggesting highly efficient executive leadership costs.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency.
- Ability to maintain operations despite periods of revenue fluctuation and deficits, indicating financial resilience.
Frequently Asked Questions about Association Of Life Insurance Counsel
Is Association Of Life Insurance Counsel a legitimate charity?
Based on AI analysis of IRS 990 filings, Association Of Life Insurance Counsel (EIN: 135566493) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Association Of Life Insurance Counsel spend its money?
Association Of Life Insurance Counsel directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Association Of Life Insurance Counsel tax-deductible?
Association Of Life Insurance Counsel is registered as a tax-exempt nonprofit (EIN: 135566493). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Association Of Life Insurance Counsel cover its operating deficits, such as the $13,000 deficit in 2023?
The organization likely covers operating deficits by drawing from its accumulated assets or reserves, as seen by the decrease in assets from $645,913 in 2022 to $580,697 in 2023, which aligns with the period of deficit.
What is the primary source of revenue for the organization, given the significant fluctuations (e.g., $81,676 in 2021 vs. $492,222 in 2023)?
The provided data does not specify revenue sources, but such large fluctuations often suggest reliance on event-based income, membership dues, or grants that vary significantly year-to-year. A deeper dive into the full 990 forms would be needed to identify specific revenue streams.
Are the officers truly unpaid, or are they compensated in ways not reported as 'officer compensation' on the 990?
Based solely on the provided 990 data, officers are reported as receiving 0% compensation. Without further detail from the full 990 or other disclosures, it's assumed they are unpaid in that capacity, or their compensation is categorized differently (e.g., as independent contractor fees if they are not employees).
Filing History
IRS 990 filing history for Association Of Life Insurance Counsel showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Association Of Life Insurance Counsel's revenue has grown by 112.1%, moving from $232K to $492K. Total assets increased by 64% over the same period, from $354K to $581K. Total functional expenses rose by 180.1%, from $180K to $505K. In its most recent filing year (2023), Association Of Life Insurance Counsel reported a deficit of $13K, with expenses exceeding revenue. The organization holds $66K in liabilities against $581K in assets (debt-to-asset ratio: 11.4%), resulting in net assets of $515K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $492K | $505K | $581K | $66K | — | — |
| 2022 | $394K | $420K | $646K | $127K | — | View 990 |
| 2021 | $82K | $115K | $779K | $234K | — | View 990 |
| 2020 | $81K | $130K | $791K | $234K | — | — |
| 2019 | $515K | $445K | $734K | $157K | — | View 990 |
| 2018 | $450K | $449K | $566K | $69K | — | View 990 |
| 2017 | $409K | $402K | $621K | $104K | — | View 990 |
| 2016 | $410K | $394K | $618K | $110K | — | View 990 |
| 2015 | $350K | $387K | $585K | $93K | — | View 990 |
| 2014 | $346K | $262K | $650K | $121K | — | View 990 |
| 2013 | $322K | $285K | $514K | $70K | — | View 990 |
| 2012 | $299K | $214K | $446K | $39K | — | View 990 |
| 2011 | $232K | $180K | $354K | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $492K, expenses of $505K, and assets of $581K (revenue +25.0% year-over-year).
- 2022: Revenue of $394K, expenses of $420K, and assets of $646K (revenue +382.1% year-over-year).
- 2021: Revenue of $82K, expenses of $115K, and assets of $779K (revenue +0.6% year-over-year).
- 2020: Revenue of $81K, expenses of $130K, and assets of $791K (revenue -84.2% year-over-year).
- 2019: Revenue of $515K, expenses of $445K, and assets of $734K (revenue +14.4% year-over-year).
- 2018: Revenue of $450K, expenses of $449K, and assets of $566K (revenue +9.9% year-over-year).
- 2017: Revenue of $409K, expenses of $402K, and assets of $621K (revenue -0.2% year-over-year).
- 2016: Revenue of $410K, expenses of $394K, and assets of $618K (revenue +17.3% year-over-year).
- 2015: Revenue of $350K, expenses of $387K, and assets of $585K (revenue +1.0% year-over-year).
- 2014: Revenue of $346K, expenses of $262K, and assets of $650K (revenue +7.6% year-over-year).
- 2013: Revenue of $322K, expenses of $285K, and assets of $514K (revenue +7.7% year-over-year).
- 2012: Revenue of $299K, expenses of $214K, and assets of $446K (revenue +28.8% year-over-year).
- 2011: Revenue of $232K, expenses of $180K, and assets of $354K.
Data Sources and Methodology
This transparency report for Association Of Life Insurance Counsel is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.