Life Insurance Association Of Massachusetts Inc
EIN: 237431257 · Canton, MA
| Metric | Value |
|---|---|
| Total Revenue | $836K |
| Total Expenses | $935K |
| Net Assets | $151K |
Search Intent Cockpit
Life Insurance Association Of Massachusetts Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Life Insurance Association Of Massachusetts Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Life Insurance Association Of Massachusetts Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $938K and expenses of $935K.
Revenue and Expenses
Life Insurance Association Of Massachusetts Inc reported $938K in revenue and $935K in expenses, a surplus of $3K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
Is Life Insurance Association Of Massachusetts Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, Life Insurance Association Of Massachusetts Inc shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Good filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and category context |
Trust Check
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Canton, MA nonprofitsFollow the Money
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About Life Insurance Association Of Massachusetts Inc
Life Insurance Association Of Massachusetts Inc (EIN: 237431257) is a nonprofit organization based in Canton, MA. The organization reported total revenue of $836K and total assets of $350K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Insurance Association Of Massachusetts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life Insurance Association Of Massachusetts Inc is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $938K |
| Total Expenses | $935K |
| Surplus / Deficit | +$3K |
| Total Assets | $305K |
| Total Liabilities | $155K |
| Net Assets | $151K |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 50.6% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2023, Life Insurance Association Of Massachusetts Inc reported a surplus of $3K with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 50.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Life Insurance Association Of Massachusetts Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.7% | -1.1% | -44.7% |
| 2022 | -19.0% | +12.9% | -9.9% |
| 2021 | +22.4% | -1.4% | +106.1% |
| 2020 | +17.3% | -2.8% | -50.7% |
| 2019 | -3.3% | +3.0% | +72.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Life Insurance Association Of Massachusetts Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Life Insurance Association Of Massachusetts Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.6%.
Frequently Asked Questions about Life Insurance Association Of Massachusetts Inc
Is Life Insurance Association Of Massachusetts Inc a legitimate charity?
Life Insurance Association Of Massachusetts Inc (EIN: 237431257) is a registered tax-exempt nonprofit based in Massachusetts. It has 13 years of IRS 990 filings on record. Total revenue: $836K. No red flags identified. Financial health grade: A.
How does Life Insurance Association Of Massachusetts Inc spend its money?
Life Insurance Association Of Massachusetts Inc reported $836K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Life Insurance Association Of Massachusetts Inc tax-deductible?
Life Insurance Association Of Massachusetts Inc is registered as a tax-exempt nonprofit (EIN: 237431257). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Life Insurance Association Of Massachusetts Inc located?
Life Insurance Association Of Massachusetts Inc is headquartered in Canton, Massachusetts and files with the IRS under EIN 237431257.
How many years of IRS 990 filings does Life Insurance Association Of Massachusetts Inc have?
Life Insurance Association Of Massachusetts Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $836K in total revenue.
Filing History
IRS 990 filing history for Life Insurance Association Of Massachusetts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Life Insurance Association Of Massachusetts Inc's revenue has grown by 6.8%, moving from $878K to $938K. Total assets decreased by 51.7% over the same period, from $632K to $305K. Total functional expenses rose by 15.2%, from $811K to $935K. In its most recent filing year (2023), Life Insurance Association Of Massachusetts Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $155K in liabilities against $305K in assets (debt-to-asset ratio: 50.6%), resulting in net assets of $151K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $938K | $935K | $305K | $155K | — | — |
| 2022 | $954K | $945K | $551K | $21K | — | View 990 |
| 2021 | $1.2M | $837K | $612K | $91K | — | View 990 |
| 2020 | $962K | $849K | $297K | $116K | — | View 990 |
| 2019 | $821K | $874K | $603K | $535K | — | — |
| 2018 | $849K | $848K | $349K | $229K | — | View 990 |
| 2017 | $819K | $906K | $296K | $176K | — | View 990 |
| 2016 | $850K | $845K | $531K | $324K | — | View 990 |
| 2015 | $850K | $826K | $622K | $422K | — | View 990 |
| 2014 | $850K | $791K | $538K | $361K | — | View 990 |
| 2013 | $837K | $800K | $569K | $452K | — | View 990 |
| 2012 | $879K | $816K | $605K | $525K | — | View 990 |
| 2011 | $878K | $811K | $632K | $615K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $938K, expenses of $935K, and assets of $305K (revenue -1.7% year-over-year).
- 2022: Revenue of $954K, expenses of $945K, and assets of $551K (revenue -19.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $837K, and assets of $612K (revenue +22.4% year-over-year).
- 2020: Revenue of $962K, expenses of $849K, and assets of $297K (revenue +17.3% year-over-year).
- 2019: Revenue of $821K, expenses of $874K, and assets of $603K (revenue -3.3% year-over-year).
- 2018: Revenue of $849K, expenses of $848K, and assets of $349K (revenue +3.6% year-over-year).
- 2017: Revenue of $819K, expenses of $906K, and assets of $296K (revenue -3.7% year-over-year).
- 2016: Revenue of $850K, expenses of $845K, and assets of $531K (revenue +0.0% year-over-year).
- 2015: Revenue of $850K, expenses of $826K, and assets of $622K (revenue +0.0% year-over-year).
- 2014: Revenue of $850K, expenses of $791K, and assets of $538K (revenue +1.6% year-over-year).
- 2013: Revenue of $837K, expenses of $800K, and assets of $569K (revenue -4.8% year-over-year).
- 2012: Revenue of $879K, expenses of $816K, and assets of $605K (revenue +0.1% year-over-year).
- 2011: Revenue of $878K, expenses of $811K, and assets of $632K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Insurance Association Of Massachusetts Inc:
Data Sources and Methodology
This transparency report for Life Insurance Association Of Massachusetts Inc 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.