American Legal & Financial Network C/o Schmersahl Treloar & Company Pc
Nonprofit profile at a glance
- EIN
- 043601831
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- St Louis, MO, USA
- Phone
- 3149662727
- Rating confidence
- Limited
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $1,673,935
- Expenses
- $1,524,366
- Assets
- $996,841
- Liabilities
- $140,777
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MATTHEW BARTEL (PRESIDENT AND CEO)
Highest reported compensation
- MATTHEW BARTEL (PRESIDENT AND CEO): $246,023 total reported compensation
- SUSAN ROSEN (CORPORATE SECRETARY): $150,425 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Alfn is a national non-profit membership-based trade association serving the financial services industry. Our mission is to serve our members through leadership, education, advocacy, and professional development. See schedule o for more info.
What it reported doing in 2024
Membership & governance: alfn added 2 new law firm/foreclosure trustee members (law firms and foreclose trustees) to our network, and 2 new associate members (industry service providers), bringing our total number of members to 129 (total member count by company name). Alfn welcomes these new members and are glad to have them as part of the organization. Their contributions will only help to strengthen the alfn, which continues to be the largest legal services based professional trade association in our industry space. Membership retention was at 92%, and we target to achieve 90%+ each year. We are pleased with the continued support of our members.our board of directors met 12 times telephonically for our monthly or special meetings, held other calls as needed to discuss pressing issues, and met 3 times in person during the year to conduct association business and strategic planning.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Accountability: 91
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 8.9%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 0.65; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 26%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 1% per year; rating input score 100; 22nd percentile among comparable filings
- Revenue growth: 2.5% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 10 of 10 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $246K · 12 people listed · 4 of 6 pay-setting controls reported
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- Review — Sustainability: Operating margin scored 59/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.