AMERICAN MUTUAL SHARE INSURANCE CORPORATION (EIN 237376679) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

THERESA M MASON

Phone

6147641900

Tax Period

2024-01-01 to 2024-12-31

AMERICAN MUTUAL SHARE INSURANCE CORPORATION, founded in 1974, is a mid-sized nonprofit that reported $14.3M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $12.2M left a modest 14% surplus.

Mission

PROVIDE PRIMARY AND EXCESS SHARE (DEPOSIT) INSURANCE EXCLUSIVELY TO CREDIT UNIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $10,328,831

Other Revenue $3,978,958

TOTAL REVENUE $14,307,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,855,039

Fundraising Expenses $0

Other Expenses $5,391,155

TOTAL EXPENSES $12,246,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,307,789	$9,597,138	+0.5%
Expenses	$12,246,194	$11,728,514	+0.0%
Net Income	$2,061,595	$-2,131,376	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,817,682

Total Directors

$153,100

Key Employees

$857,697

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE K HALEY	BOARD CHAIR/DIRECTOR	1.00	Officer Director	$23,900	$0	$23,900
BRAD SWARTZENTUBER	DIRECTOR	1.00	Director	$23,500	$0	$23,500
JAMES C MILES	VICE CHAIR/DIRECTOR	1.00	Director	$22,000	$0	$22,000
ROSEMARIE BARTOLOMUCCI	DIRECTOR	1.00	Director	$22,000	$0	$22,000
DUSTIN CUTRISS	DIRECTOR	1.00	Director	$20,500	$0	$20,500
SCOTT ARKILLS	DIRECTOR	1.00	Director	$20,500	$0	$20,500
JOSEPH TROSCLAIR	DIRECTOR (BEGIN 04/24)	1.00	Director	$12,000	$0	$12,000
ELIZABETH A CALDERONE	DIRECTOR (END 04/24)	1.00	Director	$8,700	$0	$8,700
THERESA M MASON	PRESIDENT/CEO	45.00	Officer	$595,030	$223,499	$818,529
KURT R LOOSE	INTERIM CFO (1/24-4/24)/EVP, COO	45.00	Officer	$449,882	$103,153	$553,035
JEFFREY SIEFKER	CFO/SECRETARY/TREASURER (BEGIN 4/24)	45.00	Officer	$214,922	$54,567	$269,489
J PAUL MCCAFFREY	CFO/SECRETARY/TREASURER (END 1/24)	45.00	Officer	$152,539	$190	$152,729
KURT G KLUTH	VP INFORMATION TECHNOLOGY	45.00	Key Emp	$323,635	$140,952	$464,587
DAVID W KETTLEHAKE	VP SALES & MARKETING	45.00	Key Emp	$271,621	$121,489	$393,110
MICHAEL D BASWELL	SALES MANAGER	45.00	Highest	$426,715	$41,366	$468,081
DON E GENSLER	SALES MANAGER	45.00	Highest	$336,906	$30,500	$367,406
SHAWN KESSINGER	CONTROLLER	45.00	Highest	$189,552	$40,199	$229,751
DAN ZUBER	SENIOR FINANCE MANAGER	45.00	Highest	$181,313	$43,648	$224,961
CARA WIERMAN	DIRECTOR, HR, ADMIN & PROGRAMS	45.00	Highest	$174,177	$19,671	$193,848

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$14,307,789	$12,246,194	$372,066,644	$2,061,595
2023	$9,597,138	$11,728,514	$357,462,134	$-2,131,376
2022	$14,373,728	$10,256,132	$346,716,309	$4,117,596
2021	$10,357,280	$9,282,695	$356,642,183	$1,074,585
2020	$9,356,983	$9,371,446	$321,531,627	$-14,463
2019	$10,572,008	$9,594,958	$286,501,985	$977,050
2018	$5,464,217	$5,495,716	$272,444,911	$-31,499

AMERICAN MUTUAL SHARE INSURANCE CORPORATION