LOYAL CHRISTIAN BENEFIT ASSOCIATION (EIN 250606580) - 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

1890

Legal Domicile

Principal Officer

Courtney Hagmaier

Phone

8144534331

Tax Period

2023-01-01 to 2023-12-31

LOYAL CHRISTIAN BENEFIT ASSOCIATION, founded in 1890, is a mid-sized nonprofit that reported $22.9M in total revenue in fiscal year 2023.

Mission

The Loyal Christian Benefit Association's mission is to help Christian families successfully transition through life's stages. This is accomplished by providing Life Insurance, Annuities, Medicare Supplement, & Fraternal Benefits to members and supporting members and their communities in the form of direct member benefits and support of local community service projects. During 2023, approximately 600 volunteers contributed nearly 25,100 hours to help their communities and those in need.

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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 $0

Program Service Revenue $22,882,689

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22,882,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,439,375

Fundraising Expenses $0

Program Expenses $23,938,126

Other Expenses $10,760,699

TOTAL EXPENSES $23,938,126

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,882,689	$22,333,694	+0.0%
Expenses	$23,938,126	$22,170,801	+0.1%
Net Income	$-1,055,437	$162,893	-7.5%

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

600

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

$560,675

Total Directors

$333,446

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Douglas Tuttle	President/CEO	40.00	Officer Director	$229,726	$30,320	$260,046
Rebecca Black	VP-Administration/Secretary	40.00	Officer	$144,665	$17,986	$162,651
Alex Miller	VP-Operations	40.00	Highest	$133,546	$13,495	$147,041
Brian Young	Director of Customer Experience	40.00	Highest	$131,185	$9,864	$141,049
Matthew Barr	VP-Sales	40.00	Highest	$121,978	$16,989	$138,967
Courtney Hagmaier	VP-Finance/Treasurer	40.00	Officer	$127,038	$10,940	$137,978
Matthew Dupee	Director	1.5	Director	$9,400	$0	$9,400
Karen Balaban	Director	1	Director	$8,000	$0	$8,000
Robert Muth	Director	1	Director	$8,000	$0	$8,000
Anne Sweigart	Director	1	Director	$8,000	$0	$8,000
Michael Courtad	Director	1	Director	$8,000	$0	$8,000
Paul Kenny	Director	1	Director	$8,000	$0	$8,000
Patrick DiCesare	Director	1	Director	$8,000	$0	$8,000
Karen LeVert	Director	1	Director	$8,000	$0	$8,000
Richard Suchan	Director	1	Director	$8,000	$0	$8,000

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	$22,882,689	$23,938,126	$120,548,130	$-1,055,437
2022	$22,333,694	$22,170,801	$114,770,221	$162,893
2021	$23,099,109	$23,036,629	$108,287,356	$62,480
2020	$26,518,351	$25,844,201	$101,258,071	$674,150
2019	$39,151,330	$39,041,791	$199,213,934	$109,539
2018	$35,896,073	$36,669,654	$191,645,535	$-773,581

LOYAL CHRISTIAN BENEFIT ASSOCIATION