MODERN WOODMEN OF AMERICA (EIN 361493430) - 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

1883

Legal Domicile

Principal Officer

W KENNY MASSEY

Phone

3097866481

Tax Period

2023-01-01 to 2023-12-31

MODERN WOODMEN OF AMERICA, founded in 1883, is a large national nonprofit that reported $1.7B in total revenue in fiscal year 2018. Expenses of $1.6B left a modest 7% surplus.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS

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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 $1,973,207,410

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,973,207,410

Expense Breakdown

Grants Paid $1,222,757

Salaries & Benefits $84,169,465

Fundraising Expenses $0

Other Expenses $206,469,385

TOTAL EXPENSES $1,739,034,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,973,207,410	$1,753,210,728	+0.1%
Expenses	$1,739,034,154	$1,635,515,262	+0.1%
Net Income	$234,173,256	$117,695,466	+1.0%

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

1884

Volunteers

250000

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

$37,543,225

Total Directors

$29,155,614

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM KENNY MASSEY	FORMER PRESIDENT AND CEO	40.00	Officer Director	$17,149,312	$1,111	$17,150,423
JERALD J LYPHOUT	PRESIDENT AND CEO	40.00	Officer Director	$1,741,898	$1,958,782	$3,700,680
LESTER L BOHNERT	GENERAL COUNSEL	40.00	Officer Director	$780,181	$756,126	$1,536,307
BRETT M VAN	CHIEF INVESTMENT OFFICER & TREASURER	40.00	Officer Director	$933,828	$978,986	$1,912,814
SHEA E DOYLE	NATIONAL SECRETARY AND EXECUTIVE VICE PRESIDENT	40.00	Officer Director	$537,994	$2,704,785	$3,242,779
JOSEPH A SZTAPKA	DIRECTOR & REGIONAL DIRECTOR	40.00	Director	$659,413	$309,974	$1,034,115
LORI NEWBERG	DIRECTOR	5.00	Director	$163,354	$0	$163,354
JAMES E TEMPERLEY	DIRECTOR	5.00	Director	$156,746	$0	$156,746
SANDRA LEIGH STOSZ	DIRECTOR	5.00	Director	$103,050	$0	$103,050
JACQUELINE RAE ZACHMEYER	DIRECTOR	5.00	Director	$15,833	$0	$15,833
DAVE NUERENBERGER	FORMER DIRECTOR	5.00	Director	$139,513	$0	$139,513
MICHAEL SCOTT ANDREWS	CHIEF ACTUARY	40.00	Officer	$473,234	$244,242	$717,476
TODD DAVID SWANSON	CHIEF ACCOUNTING OFFICER	40.00	Officer	$615,249	$1,558,707	$2,173,956
JILL LAIN WEAVER	CHIEF FRATERNAL OFFICER	40.00	Officer	$410,170	$894,823	$1,304,993
DANIEL G DEPUYDT	FORMER CHIEF HUMAN RESOURCES OFFICER	40.00	Officer	$744,054	$9,538	$753,592
STEVEN J OLLENBURG	CHIEF RISK OFFICER	40.00	Officer	$502,669	$339,787	$842,456
JEFFREY N SOWARDS	CHIEF DISTRIBUTION & MARKETING OFFICER	40.00	Officer	$664,204	$200,211	$864,415
DARWIN D LARRISON	CHIEF INFORMATION SECURITY OFFICER	40.00	Officer	$311,727	$115,530	$427,257
XIN LIU	CHIEF FINANCIAL ACTUARY	40.00	Officer	$433,393	$712,795	$1,146,188
TERESA J RICHHART	CHIEF HUMAN RESOURCES OFFICER	40.00	Officer	$372,797	$748,144	$1,120,941
MARK E SINGLETON	CHIEF STRATEGY OFFICER	40.00	Officer	$484,975	$163,973	$648,948
ROBERT KEORKUNIAN	REGIONAL DIRECTOR	40.00	Highest	$1,054,034	$387,323	$1,532,465
CHAD FOSTER	REGIONAL DIRECTOR	40.00	Highest	$731,144	$92,937	$877,902
DANIEL L LAWRENCE	REGIONAL DIRECTOR	40.00	Highest	$758,786	$235,083	$1,097,057
JONATHON MARSH	REGIONAL DIRECTOR	40.00	Highest	$829,296	$140,188	$1,025,016
KENNY D JACKSON	REGIONAL DIRECTOR	40.00	Highest	$556,228	$320,948	$922,567
SAM KUPRESIN	FORMER DIRECTOR	0.00		$16,038	$0	$16,038
DARCY CALLAS	FORMER SPECIAL PROJECTS COORDINATOR	0.00		$146,546	$9,643	$156,189

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	$1,973,207,410	$1,739,034,154	$17,733,036,164	$234,173,256
2022	$1,753,210,728	$1,635,515,262	$17,138,403,394	$117,695,466
2021	$1,781,138,211	$1,697,966,076	$17,486,511,569	$83,172,135
2020	$1,662,858,431	$1,538,430,462	$18,178,582,196	$124,427,969
2019	$1,656,451,151	$1,566,925,094	$17,340,647,018	$89,526,057
2018	$1,682,627,046	$1,572,744,340	$16,475,930,289	$109,882,706

MODERN WOODMEN OF AMERICA