CATHOLIC FINANCIAL LIFE (EIN 390201015) - 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

1885

Legal Domicile

Principal Officer

Kari R Diestelhorst

Phone

4142736266

Tax Period

2023-01-01 to 2023-12-31

CATHOLIC FINANCIAL LIFE, founded in 1885, is a major nonprofit that reported $161.8M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $151.7M left a modest 6% surplus.

Mission

Catholic Financial Life, a faith-based membership organization, puts Catholic values in action by serving God through serving others, providing financial security and enhancing quality of life. The Society offers individual life insurance and annuity products through a network of Financial Advisors. Members also have access to fraternal benefits that include child cancer and orphan benefits, will preparation benefit and social activities through the chapter system. The Society is committed to hosting and supporting fraternal activities and community outreach. In 2023, Catholic Financial Life members performed nearly 78,500 hours of volunteer service, valued at more than $2.5 million to extend their hand to help others in need. Over $1.6 million in contributions were raised through the Society's efforts to promote Catholic education, Diocesan programs, civic causes and more.

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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 $1,730

Program Service Revenue $84,939,256

Investment Income $71,796,129

Other Revenue $5,092,036

TOTAL REVENUE $161,829,151

Expense Breakdown

Grants Paid $1,168,381

Salaries & Benefits $10,036,385

Fundraising Expenses $0

Program Expenses $151,748,838

Other Expenses $17,683,977

TOTAL EXPENSES $151,748,838

Year-over-Year Comparison

	2023	2022	Change
Revenue	$161,829,151	$127,605,313	+0.3%
Expenses	$151,748,838	$118,686,636	+0.3%
Net Income	$10,080,313	$8,918,677	+0.1%

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

135

Volunteers

11948

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

$2,369,943

Total Directors

$926,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John T Borgen	President and Chief Executive Officer	45	Officer Director	$434,536	$50,795	$485,331
Kari R Diestelhorst	Chief Financial Officer	45	Officer	$265,323	$47,542	$312,865
Rogelio Cabral	Vice President Sales	45	Officer	$255,877	$42,243	$298,120
Joseph K Kohut	Director of Brokerage Operations	45	Highest	$242,822	$43,666	$286,488
Michael J Attewell	Chief Information Officer	45	Officer	$244,174	$10,230	$254,404
Michael C Eyrich	SVP Membership	45	Officer	$209,353	$44,241	$253,594
Sara J Walker	Vice President Investments	45	Officer	$201,690	$25,050	$226,740
Linda M Hanson	Vice President of Actuarial	45	Officer	$214,810	$10,577	$225,387
Peter L Duellman	Director of Actuarial and Analytics	45	Highest	$206,702	$12,349	$219,051
Kristen L Mueller	Secretary and Vice President Human Resources	45	Officer Director	$192,017	$22,485	$214,502
Cynthia E Feld	Controller	45	Highest	$140,888	$39,935	$180,823
Jake G Maliszewski	Director of Financial Planning & Analysis	45	Highest	$147,744	$26,024	$173,768
Eric J Atkins	IT Operations Team Lead	45	Highest	$129,737	$20,533	$150,270
William R O'Toole	Director & Former Chief Executive Officer	3.00	Officer	$98,000	$1,000	$99,000
Allan G Lorge	Director and Board Chair	4	Director	$42,500	$0	$42,500
Kari L Niedfeldt-Thomas	Director	3.00	Director	$26,500	$0	$26,500
Jeffrey B Tilley	Director	3	Director	$23,000	$0	$23,000
Joseph G Kopinski	Director	3	Director	$23,000	$0	$23,000
Sandra T Dempsey	Director	3	Director	$23,000	$0	$23,000
Susan M Obermiller	Director	3	Director	$23,000	$0	$23,000
Coral M Grout	Director	3	Director	$22,000	$0	$22,000
Lisa A Mick	Director	3	Director	$22,000	$0	$22,000
Michael A Giffhorn	Director	3	Director	$22,000	$0	$22,000

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	$161,829,151	$151,748,838	$1,731,339,776	$10,080,313
2022	$127,605,313	$118,686,636	$1,688,153,935	$8,918,677
2021	$138,292,152	$127,105,719	$1,696,774,589	$11,186,433
2020	$141,566,619	$127,613,237	$1,683,228,815	$13,953,382
2019	$154,766,865	$146,089,742	$1,678,942,715	$8,677,123
2018	$156,982,865	$142,675,339	$1,653,316,399	$14,307,526

CATHOLIC FINANCIAL LIFE