SECURITY MUTUAL LIFE FOUNDATION (EIN 453302040) - 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

2011

Legal Domicile

Principal Officer

KEVIN MCKEOWN

Phone

6073387410

Tax Period

2023-01-01 to 2023-12-31

SECURITY MUTUAL LIFE FOUNDATION, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $486K in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $151K, a strong 31% operating margin.

Mission

THROUGH ITS SOCK OUT CANCER INITIATVE, TO ASSIST FINANCIALLY DISTRESSED CANCER PATIENTS AND THEIR FAMILIES PAY FOR NON-MEDICAL NECESSITIES SUCH AS FOOD, TRANSPORTATION AND HOUSING; AS WELL AS TO RAISE PUBLIC AWARENESS OF THE FINANICAL DIFFICULTIES THAT FAMILIES AFFLICTED BY CANCER FACE.

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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 $290,436

Program Service Revenue $0

Investment Income $22,001

Other Revenue $173,505

TOTAL REVENUE $485,942

Expense Breakdown

Grants Paid $305,495

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $305,614

Other Expenses $29,808

TOTAL EXPENSES $335,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$485,942	$276,496	+0.8%
Expenses	$335,303	$381,770	-0.1%
Net Income	$150,639	$-105,274	-2.4%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE BOYEA	Trustee	10.00	Officer Director	$0	$0	$0
KIRK R GRAVELY	Trustee	10.00	Officer Director	$0	$0	$0
KEVIN MCKEOWN	Trustee	10.00	Officer Director	$0	$0	$0
FREDERICK L WORTMAN	Trustee	10.00	Officer Director	$0	$0	$0
MARY WARD	Trustee	10.00	Officer Director	$0	$0	$0
JEFFREY M JACOBS	OFFICER	10.00	Officer	$0	$0	$0

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	$485,942	$335,303	$714,880	$150,639
2022	$276,496	$381,770	$556,460	$-105,274
2021	$462,589	$328,794	$666,301	$133,795
2020	$431,002	$279,257	$534,839	$151,745
2019	$322,231	$237,775	$377,314	$84,456
2018	$367,784	$320,215	$293,240	$47,569

SECURITY MUTUAL LIFE FOUNDATION