GBU Financial Life

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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

1892

Legal Domicile

Phone

4128845100

Tax Period

2023-01-01 to 2023-12-31

GBU Financial Life, founded in 1892, is a major nonprofit that reported $903.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

LIFE INSURANCE, ANNUITIES, FRATERNAL ACTIVITIES AND OTHER BENEFITS TO MEMBERS OF THE SOCIETY.

Program Service Accomplishments

Program 1

LIFE INSURANCE, ANNUITIES, FRATERNAL ACTIVITIES AND OTHER BENEFITS TO MEMBERS OF THE SOCIETY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,005

Program Service Revenue $708,736,959

Investment Income $194,971,248

Other Revenue $18,974

TOTAL REVENUE $903,733,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,496,050

Fundraising Expenses $0

Program Expenses $0

Other Expenses $26,907,402

TOTAL EXPENSES $885,296,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$903,733,186	$767,394,993	+0.2%
Expenses	$885,296,050	$735,103,377	+0.2%
Net Income	$18,437,136	$32,291,616	-0.4%

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

110

Volunteers

185

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

$2,439,049

Total Directors

$1,152,685

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHIEF EXECUTIVE OFFICER	40.0	Officer Director	$835,237	$39,679	$874,916
N/A	NATIONAL DIRECTOR	2.0	Director	$23,612	$0	$23,612
N/A	NATIONAL DIRECTOR	2.0	Director	$46,062	$0	$46,062
N/A	NATIONAL DIRECTOR	2.0	Director	$45,626	$0	$45,626
N/A	NATIONAL DIRECTOR	2.0	Director	$43,014	$0	$43,014
N/A	NATIONAL DIRECTOR	2.0	Director	$8,500	$0	$8,500
N/A	NATIONAL DIRECTOR	2.0	Director	$41,000	$0	$41,000
N/A	NATIONAL DIRECTOR / BOARD CHAIR	5.0	Director	$69,955	$0	$69,955
N/A	VICE PRESIDENT OF OPERATIONS	40.0	Officer	$281,805	$34,197	$316,002
N/A	CONTROLLER	40.0	Officer	$233,416	$18,488	$251,904
N/A	CHIEF MARKETING OFFICER	40.0	Officer	$522,483	$20,277	$542,760
N/A	CHIEF FINANCIAL OFFICER	40.0	Officer	$429,304	$24,163	$453,467
N/A	AVP - Business Intelligence	40.0	Highest	$192,431	$17,187	$209,618
N/A	AVP - Investments	40.0	Highest	$190,036	$28,993	$219,029
N/A	National Sales Manager	40.0	Highest	$205,278	$30,523	$235,801
N/A	AVP - IT	40.0	Highest	$212,796	$17,639	$230,435
N/A	AVP - New Business & Underwriting	40.0	Highest	$227,481	$28,330	$255,811

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	No data	No data	No data	No data
2023	$903,733,186	$885,296,050	$4,426,033,902	$18,437,136
2022	$767,394,993	$735,103,377	$4,204,767,754	$32,291,616
2021	$647,407,741	$621,002,178	$3,781,723,351	$26,405,563
2020	$617,690,475	$598,531,090	$3,433,633,566	$19,159,385
2019	$620,138,802	$589,557,885	$3,089,848,154	$30,580,917
2018	$566,952,485	$537,573,377	$2,754,646,706	$29,379,108