California Life Settlement Association
Nonprofit profile at a glance
- EIN
- 204150963
- IRS 990-EZ coverage
- 2010–2010
- Forms available
- Form 990-EZ 2010
- Location
- Santa Monica, CA, USA
- Phone
- 8188431888
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $10,700
- Expenses
- $11,220
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Amounts in USD.
Leadership & pay
4 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote a better business environment for the life settlement industry and to develop and maintain an active involvement in monitoring and representing the interests of the members in legislative and regulatory matters affecting life settlement activities in California.
What it reported doing in 2010
In 2009 measure SB 98 was introduced that was virtually identical to measures fought in 2008. CALSA continued its opposition to the new bill, including meetings with other industry representatives, testifying at hearings, meeting with legislators and their staff members, and meeting with the Governor's staff person to whom the bill was assigned for analysis. Unfortunately the effort proved unsuccessful as the Governor signed the bill.Given that SB 98 includes a new licensing scheme for providers and presumably new regulations before the July 1 effective date, CALSA will likely be a participant in 2010 in the Department of Insurance regulatory process. Moreover, the presence of constitutional issues in SB 98 will be considered as a potential avenue to ameliorate various of the negative impacts of the new law. And there will undoubtedly be other concerns requiring prompt response to protect member interests and calling for a continuing lobbying presence in Sacramento.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
- Sustainability: 18
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4.9%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 4 of 4 current checks pass
- Schedules: 2 filed schedules
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.