GLEANER LIFE INSURANCE SOCIETY (EIN 380580730) - 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

1894

Legal Domicile

Principal Officer

KEVIN A MARTI

Phone

5172632244

Tax Period

2023-01-01 to 2023-12-31

GLEANER LIFE INSURANCE SOCIETY, founded in 1894, is a major nonprofit that reported $151.3M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

GLEANER LIFE INSURANCE SOCIETY ("GLEANER") IS A FRATERNAL BENEFIT SOCIETY. ITS MISSION IS TO BE A FRIEND OF THE FAMILY THAT PROVIDES ITS MEMBERS WITH FINANCIAL SECURITY, FRATERNAL BENEFITS, AND VOLUNTEER OPPORTUNITIES SERVED WITH INTEGRITY, RESPECT, AND ACCOUNTABILITY. THE PURPOSE OF THE BOARD OF DIRECTORS OF GLEANER LIFE INSURANCE SOCIETY (ON BEHALF OF OUR MEMBERS) IS TO PROVIDE LEADERSHIP AND MAINTAIN A SYSTEM OF GOVERNANCE SO THAT THE SOCIETY ACHIEVES ITS MISSION AND AVOIDS UNACCEPTABLE ACTIONS AND SITUATIONS. THE "CORE BOARD VALUES" ARE: - GOOD PEOPLE DOING GOOD THINGS - LEADERSHIP - ETHICAL WITH INTEGRITY - ACCOUNTABLE TO OUR MEMBERS - NOW AND FOR THE FUTURE - EQUALITY OF ALL MEMBERS - RESPECT AND VALUE RELATIONSHIPS - SERVE AND CARE FOR OUR MEMBERS GLEANER PROVIDES LIFE, SICKNESS, ACCIDENT, AND OTHER BENEFITS TO ITS MEMBERS. THROUGH 66 ACTIVE ARBORS AND 6 STATE ASSOCIATIONS, BENEVOLENT AND FRATERNAL ACTS ARE PERFORMED. COORDINATION OF MEMBERS, ORPHAN BENEFITS, SCHOLARSHIPS (THROU

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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 $156,004,252

Investment Income $-4,744,205

Other Revenue $0

TOTAL REVENUE $151,260,047

Expense Breakdown

Grants Paid $591,457

Salaries & Benefits $7,042,052

Fundraising Expenses $0

Other Expenses $35,663,312

TOTAL EXPENSES $153,497,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$151,260,047	$121,126,278	+0.2%
Expenses	$153,497,565	$122,948,065	+0.2%
Net Income	$-2,237,518	$-1,821,787	+0.2%

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

46162

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

$1,725,905

Total Directors

$182,885

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY CLARK	FORMER PRES.	40.00	Officer	$335,295	$20,552	$355,847
ANTHONY GOLDEN	SVP SALES &	40.00	Officer	$235,831	$23,960	$259,791
BARBARA JANOWSKI	CHF UNDR/VP	40.00	Officer	$181,437	$10,356	$191,793
JAIME REYNOLDS	VP MBR & CE	40.00	Officer	$149,792	$6,451	$156,243
JUDITH LAWRENCE	AVP IT DEV &	40.00	Officer	$135,634	$11,190	$146,824
DAWN OSBORN	AVP UNDW & N	40.00	Officer	$132,370	$9,208	$141,578
MICHAEL PICKERILL	REGIONAL SAL	40.00	Highest	$125,799	$9,506	$135,305
LARRY WEICHEL	REGIONAL SAL	40.00	Highest	$120,421	$11,974	$132,395
MICHAEL STUART	REGIONAL SAL	40.00	Highest	$122,848	$8,199	$131,047
JOSEPH BAKER	APP DEV & DA	40.00	Highest	$120,547	$8,955	$129,502
TIMOTHY ROOT	APP DEV & DA	40.00	Highest	$120,711	$8,129	$128,840
DAVID PITTMAN	AVP FINANCIA	40.00	Officer	$111,316	$8,519	$119,835
MICHELLE ZIMMANCK	AVP IT OPERA	40.00	Officer	$111,598	$5,152	$116,750
DEBORAH ELLIOTT	FORMER OFFIC	40.00		$110,013	$0	$110,013
TODD M WARNER	SVP CHIEF FI	40.00	Officer	$95,463	$9,868	$105,331
AMY HAWKEN	AVP MEMBER S	40.00	Officer	$92,248	$6,452	$98,700
TADD BROOKET	AVP IT & SEC	40.00	Officer	$29,369	$3,844	$33,213
TERRY L GARNER	CHAIR	2.00	Director	$26,698	$0	$26,698
MARK A WILLS	VICE CHAIR	2.00	Director	$24,885	$0	$24,885
ROBYN SMITH	MEDICAL DIRE	2.00	Director	$24,600	$0	$24,600
STEPHANIE ANDRESEN	DIRECTOR	2.00	Director	$21,702	$0	$21,702
RUSSELL E CUNNINGHAM	DIRECTOR	2.00	Director	$21,702	$0	$21,702
MARGARET MS NOE	DIRECTOR	2.00	Director	$21,702	$0	$21,702
DANIEL SUTTON	DIRECTOR	2.00	Director	$21,702	$0	$21,702
JEFFREY PRICE	DIRECTOR	2.00	Director	$14,468	$0	$14,468
DONNA BAKER	DIRECTOR	2.00	Director	$5,426	$0	$5,426

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	$151,260,047	$153,497,565	$1,342,342,571	$-2,237,518
2022	$121,126,278	$122,948,065	$1,340,739,550	$-1,821,787
2021	$115,436,958	$116,915,564	$1,402,937,886	$-1,478,606
2020	$105,834,938	$67,520,430	$1,357,884,834	$38,314,508
2019	$108,622,638	$89,639,207	$1,277,561,985	$18,983,431
2018	$100,331,864	$99,258,327	$1,242,963,107	$1,073,537

GLEANER LIFE INSURANCE SOCIETY