American Mutual Life Association (EIN 346577472) - 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

1910

Legal Domicile

Phone

2165311900

Tax Period

2024-01-01 to 2024-12-31

American Mutual Life Association, founded in 1910, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Expenses of $3.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

To provide mutual aid, protection and security for members through affordable insurance and stable financial products. To promote, preserve the benefit of the members. To support the communities wherein our membership resides through acts of benevolence and volunteerism.

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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 $854,992

Investment Income $2,387,562

Other Revenue $23,156

TOTAL REVENUE $3,265,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $578,346

Fundraising Expenses $0

Other Expenses $545,046

TOTAL EXPENSES $3,660,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,265,710	$3,229,798	+0.0%
Expenses	$3,660,031	$3,367,816	+0.1%
Net Income	$-394,321	$-138,018	+1.9%

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

650

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

$260,588

Total Directors

$313,887

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy J Percic	CEO	40	Officer Director Highest	$141,397	$0	$141,397
Andrew Hanigosky	CFO	40	Officer Director	$119,191	$0	$119,191
Joseph G Zab	First Vice President	4	Director	$7,313	$0	$7,313
James Czeck	Second Vice President	1	Director	$4,900	$0	$4,900
Kenneth Shine	Internal Audit Chair	2	Director	$4,200	$0	$4,200
Ronald Zab	Finance Committee Chair	4	Director	$4,335	$0	$4,335
Alyce Kane	Fraternal Affairs Committee Chair	4	Director	$5,295	$0	$5,295
Jim Mannion	Director	1	Director	$3,625	$0	$3,625
Jaime Loncar	Director	1	Director	$3,925	$0	$3,925
Cade Jeric	Director	1	Director	$3,685	$0	$3,685
Charles Kohli	Director	1	Director	$3,625	$0	$3,625
Charles Krzic	Director	1	Director	$4,000	$0	$4,000
Jacob Young	Director	1	Director	$3,800	$0	$3,800
Kaitlyn Ginter	Director	1	Director	$4,596	$0	$4,596

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	$3,265,710	$3,660,031	$48,892,627	$-394,321
2023	$3,229,798	$3,367,816	$47,940,163	$-138,018
2022	$3,769,322	$3,748,804	$47,776,403	$20,518
2021	$5,047,375	$4,629,894	$46,869,971	$417,481
2020	$3,934,414	$3,815,154	$44,234,868	$119,260
2019	$3,699,918	$3,406,099	$43,393,063	$293,819
2018	$3,084,529	$1,885,042	$42,523,165	$1,199,487

American Mutual Life Association