Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
EIN 62-0728939 • 501(c)6 • Cedar Falls, IA
Profile
To advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the profession and ethical conduct of advisors.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
82nd percentile
Higher net margin than 82% of similar nonprofits.
Top Officer Pay
80th percentile
Higher top officer pay than 80% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
70th percentile
Faster asset growth than 70% of similar nonprofits.
Revenue Growth
39th percentile
Faster revenue growth than 39% of similar nonprofits.
Assets
Up$363,661
Up $33,432 (+10%) from 2023
Liabilities
Down$129,932
Down $2,486 (-1.9%) from 2023
Net Assets
Up$233,729
Up $35,918 (+18%) from 2023
Revenue
Down$120,999
Down $5,763 (-4.5%) from 2023
Expenses
Down$95,630
Down $430 (-0.4%) from 2023
Net Income
Down$25,369
Down $5,333 (-17%) from 2023
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
The association supports, maintains, and advances public knowledge of the principles of legal reserve life and health insurance.
Empowering financial professionals and consumers through world-class advocacy and education.
| Description | Grants | Expenses |
|---|---|---|
| ADVOCATE FOR A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT, ENHANCE BUSINESS AND PROFESSIONAL SKILLS, AND PROMOTE THE PROFESSION AND ETHICAL CONDUCT OF ADVISORS. | $0 | $0 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| ALEXIS GOINES | Secretary | - | $0 | - | - |
| PEGGY SMITH | Director | - | $0 | - | - |
| MATT BENSON | Director | - | $0 | - | - |
| CHALMERS VALENTINE | Director | - | $0 | - | - |
| REBECCA SCHULTER | President | - | $0 | - | - |
| JOE EASLEY | President Elect | - | $0 | - | - |
| BRIAN BARRACH | Treasurer | - | $0 | - | - |
| SCOTT FLOWERS | Past President | - | $0 | - | - |
“Description: interest. Amount: 808.”
“Description: royalties. Amount: 452.”
“Description: meeting expense. Amount: 20,559. Description: advertising. Amount: 1,134. Description: travel. Amount: 4,449. Description: dues & subs. Amount: 536. Description: contribution expense. Amount: 3,208. Description: tech fees. Amount: 3. Description: cc fees. Amount: 324. Description: insurance. Amount: 1,027. Description: office expense. Amount: 337. Total to form 990-ez, line 16: 31,577.”
“Description: unrealized/realized gains. Amount: 10,549.”
“Description: accounts receivable. Beg. Of year amount: 5,850. End of year amount: 10,000. Description: accrued revenue. Beg. Of year amount: 13,138. End of year amount: 13,208. Description: prepaid expenses. Beg. Of year amount: 72. End of year amount: 36. Description: intercompany receivable. Beg. Of year amount: 15. End of year amount: 0.”
“Description: accounts payable. Beg. Of year amount: 1,127. End of year amount: 500. Description: accrued liabilities. Beg. Of year amount: 997. End of year amount: 1,022. Description: deferred revenue. Beg. Of year amount: 30,662. End of year amount: 26,476. Description: due to affiliate. Beg. Of year amount: 99,440. End of year amount: 101,934. Description: intercompany payable. Beg. Of year amount: 192. End of year amount: 0.”
“Re-worded the mission statement and revised the definition of a member.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | NAIFA MIDWEST OFFICE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7037708403 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 600 STATE STSTE A |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CEDAR FALLS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 50613 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 311154 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 340417 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 1 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 25369 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 63536 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 330229 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 363661 |
| IRS990EZ/GrossReceiptsAmt | 0 | 120999 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 808 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 91018 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 197811 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 233729 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 197811 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 233729 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | ALEXIS GOINES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | PEGGY SMITH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MATT BENSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | CHALMERS VALENTINE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | REBECCA SCHULTER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | JOE EASLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | BRIAN BARRACH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | SCOTT FLOWERS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | PRESIDENT ELECT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | PAST PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 19075 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 23244 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 10549 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 31577 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 452 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | EMPOWERING FINANCIAL PROFESSIONALS AND CONSUMERS THROUGH WORLD-CLASS ADVOCACY AND EDUCATION. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 517 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 28721 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | ADVOCATE FOR A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT, ENHANCE BUSINESS AND PROFESSIONAL SKILLS, AND PROMOTE THE PROFESSION AND ETHICAL CONDUCT OF ADVISORS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 1 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 132418 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 129932 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 95630 |
| IRS990EZ/TotalRevenueAmt | 0 | 120999 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | TN.NAIFA.ORG |
| IRS990ScheduleC/AggregateReportedDuesNtcAmt | 0 | 7092 |
| IRS990ScheduleC/AgreeCarryoverPriorYearInd | 0 | 0 |
| IRS990ScheduleC/DuesAssessmentsAmt | 0 | 91018 |
| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | 0 |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | 0 |
| IRS990ScheduleC/TaxableAmt | 0 | -7092 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST. AMOUNT: 808. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: ROYALTIES. AMOUNT: 452. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: MEETING EXPENSE. AMOUNT: 20,559. DESCRIPTION: ADVERTISING. AMOUNT: 1,134. DESCRIPTION: TRAVEL. AMOUNT: 4,449. DESCRIPTION: DUES & SUBS. AMOUNT: 536. DESCRIPTION: CONTRIBUTION EXPENSE. AMOUNT: 3,208. DESCRIPTION: TECH FEES. AMOUNT: 3. DESCRIPTION: CC FEES. AMOUNT: 324. DESCRIPTION: INSURANCE. AMOUNT: 1,027. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 337. TOTAL TO FORM 990-EZ, LINE 16: 31,577. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: UNREALIZED/REALIZED GAINS. AMOUNT: 10,549. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 5,850. END OF YEAR AMOUNT: 10,000. DESCRIPTION: ACCRUED REVENUE. BEG. OF YEAR AMOUNT: 13,138. END OF YEAR AMOUNT: 13,208. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 72. END OF YEAR AMOUNT: 36. DESCRIPTION: INTERCOMPANY RECEIVABLE. BEG. OF YEAR AMOUNT: 15. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 1,127. END OF YEAR AMOUNT: 500. DESCRIPTION: ACCRUED LIABILITIES. BEG. OF YEAR AMOUNT: 997. END OF YEAR AMOUNT: 1,022. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 30,662. END OF YEAR AMOUNT: 26,476. DESCRIPTION: DUE TO AFFILIATE. BEG. OF YEAR AMOUNT: 99,440. END OF YEAR AMOUNT: 101,934. DESCRIPTION: INTERCOMPANY PAYABLE. BEG. OF YEAR AMOUNT: 192. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | RE-WORDED THE MISSION STATEMENT AND REVISED THE DEFINITION OF A MEMBER. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990-EZ, PART V, LINE 34 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LISA LODEN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6159046013 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-06-02 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | NAIFA - TENNESSEE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | NAIF |
| ReturnHeader/Filer/EIN | 0 | 620728939 |
| ReturnHeader/Filer/PhoneNum | 0 | 6159046013 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 600 STATE STREET STE A |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CEDAR FALLS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 50613 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 421130301 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | WELGAARD CPAS & ADVISORS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 10550 NEW YORK AVE SUITE 100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | URBANDALE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 50322 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5152530099 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-06-02 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DARLENE M DANIELSON |
| ReturnHeader/ReturnTs | 0 | 2025-06-02T13:30:12-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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