BETTERLIFE (EIN 420594470) - 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

1897

Legal Domicile

Principal Officer

Christopher Campbell

Phone

6088331936

Tax Period

2023-01-01 to 2023-12-31

BETTERLIFE, founded in 1897, is a mid-sized nonprofit that reported $64.3M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

Fraternal Benefit Society - As a fraternal benefit insurance society, our mission is to help our members protect their families' financial futures, build better lives, and better their communities.

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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 $64,263,803

Investment Income $0

Other Revenue $0

TOTAL REVENUE $64,263,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,127,033

Fundraising Expenses $0

Program Expenses $69,734,945

Other Expenses $24,550,276

TOTAL EXPENSES $69,734,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,263,803	$51,179,407	+0.3%
Expenses	$69,734,945	$62,754,257	+0.1%
Net Income	$-5,471,142	$-11,574,850	-0.5%

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

108

Volunteers

25148

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

$2,442,817

Total Directors

$1,578,274

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel L Shinnick	CEO/Board Chair/Chief Member Advocate/Independent Director	22	Officer Director	$372,461	$65,064	$437,525
Craig A Van Dyke	President/Chief Investment Officer	40	Officer Director	$364,162	$60,108	$424,270
Christopher Campbell	Board Chair/CEO/President	40	Officer Director	$315,824	$41,903	$357,727
Angel L Thomas	SVP-Member Experience	40	Officer	$178,152	$62,171	$240,323
Donald M Nieland	SVP-IT/Secretary	40	Officer	$172,247	$58,805	$231,052
David J Schlesser	VP-National Sales	40	Officer	$164,536	$34,681	$199,217
Phyllis A Heleniak	VP-Direct to Consumer	40	Officer	$178,464	$10,460	$188,924
Jenna M Dunker	SVP-Finance and Treasurer/SVP-Strategic Initiatives	40	Officer	$159,508	$27,496	$187,004
Rebecca K Lureen	Manager-Independent Sales	40	Highest	$171,774	$5,566	$178,234
Michelle M Maffet	VP-Member Services	40	Officer	$130,479	$21,434	$151,913
Zachary J Snell	Director-Member and Community Engagement	40	Highest	$102,717	$16,459	$119,176
Nicolas O McCullick	Director-Management Support Services	40	Highest	$107,019	$6,954	$113,973
David G Sobczak	Director-Sales Training and Support	40	Highest	$103,908	$5,857	$109,765
George F Yanna	Former Director	0		$62,532	$0	$62,532
John T McHugh Jr	Independent Director	5	Director	$56,646	$0	$56,646
Mary K Bradley	Independent Director	4	Director	$43,158	$0	$43,158
Nancy Nelson Heykes	Independent Director	4	Director	$43,158	$0	$43,158
Michael S Hosek	Independent Director	4	Director	$43,158	$0	$43,158
Duane J Jirik	Independent Director	4	Director	$43,158	$0	$43,158
Maureen O'Hern Hahn	Independent Director	4	Director	$43,158	$0	$43,158
Brenda L Stone Sullivan	Independent Director	4	Director	$43,158	$0	$43,158
Maria Ferrante-Schepis	Independent Director	4	Director	$43,158	$0	$43,158
Thomas R Johnson	Former Director	0		$40,000	$0	$40,000
John E Rashke	Former Director	0		$34,625	$0	$34,625
Derek J Metcalf	CFO	40	Officer	$24,138	$724	$24,862

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	$64,263,803	$69,734,945	$603,847,920	$-5,471,142
2022	$51,179,407	$62,754,257	$622,297,981	$-11,574,850
2021	$59,441,063	$61,498,031	$648,970,346	$-2,056,968
2020	$25,149,208	$27,619,169	$302,314,413	$-2,469,961
2019	$29,785,960	$30,188,336	$304,066,274	$-402,376
2018	$29,115,222	$29,525,009	$301,909,674	$-409,787

BETTERLIFE