El Paso Assn of Insurance Financial Advisors

Nonprofit profile at a glance

EIN
900330110
IRS 990-EZ coverage
2011–2012
Forms available
Form 990-EZ 2012
Location
El Paso, TX, USA
Phone
9158750057
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$20,893
Expenses
$22,226
Assets
$7,221

Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

6 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To further public knowledge of concepts and uses of legal reserve life & health insurance products and related financial services. To promote and maintain the principals associated with these services. To promote ethical conduct in the financial business sector.

What it reported doing in 2012

Conducted seminars to further expand the knowledge of the concepts of life and health insurance products and related financial services to all financial representatives. This enhances the understanding of these products when representing the general public.

Operating model

Revenue model
Membership-supported. 79% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 22
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -6.4%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -28.4% per year; rating input score 0; 21st percentile among comparable filings
  • Revenue growth: -12.7% per year; rating input score 0; 32nd percentile among comparable filings
  • Asset growth: 107.8% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $22K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2011 to 2012
  • 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 34/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.