WOODMEN OF THE WORLD LIFE INSURANCE SOCIETY

EIN: 470339250

OMAHA, NE

Total Revenue
$1,140,824,698
Total Expenses
$1,128,220,493
Total Assets
$11,268,038,180
Net Assets
$1,681,846,458
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1890
Legal Domicile
NE
Phone
4023421890
Tax Period
2023-01-01 to 2023-12-31

WOODMEN OF THE WORLD LIFE INSURANCE SOCIETY, founded in 1890, is a large national nonprofit that reported $1.1B in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

UNITING HARDWORKING AMERICANS TO SECURE THEIR FINANCIAL FUTURE WHILE STRENGTHENING OUR COMMUNITIES AND COUNTRY.

Program Service Accomplishments

Program 1

WOODMENLIFE EXTRAS: WOODMENLIFE OFFERS A VARIETY OF EXCLUSIVE BENEFITS AND DISCOUNTS TO OUR MEMBERS AT NO EXTRA COST, JUST FOR DOING BUSINESS WITH US. SOME OF THE NON-CONTRACTUAL BENEFITS AVAILABLE...

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WOODMENLIFE EXTRAS: WOODMENLIFE OFFERS A VARIETY OF EXCLUSIVE BENEFITS AND DISCOUNTS TO OUR MEMBERS AT NO EXTRA COST, JUST FOR DOING BUSINESS WITH US. SOME OF THE NON-CONTRACTUAL BENEFITS AVAILABLE TO ELIGIBLE WOODMENLIFE MEMBERS INCLUDE: FIRST RESPONDERS BENEFIT - WOODMENLIFE WILL PAY A 25,000 BENEFIT IF A GOOD-STANDING MEMBER IS KILLED WHILE PERFORMING HIS/HER DUTIES AS A NON- MILITARY FIRST RESPONDER. FIRST RESPONDERS MAY INCLUDE FIREFIGHTERS, EMTS AND PARAMEDICS, POLICE, OR A PERSON PERFORMING A SUPPORTING ROLE TO SUCH INDIVIDUALS. FAMILY LEGACY BENEFIT - WOODMENLIFE OFFERS 1,000 PER MONTH FOR THE CARE OF MEMBERS' CHILDREN IF THEY ARE ORPHANED. NATURAL DISASTER BENEFIT - QUALIFIED MEMBERS WHOSE HOMES ARE DAMAGED OR DESTROYED BY NATURAL DISASTERS, SUCH AS HURRICANES, TORNADOES, FLOODS, WILD/FOREST FIRES, OR EARTHQUAKES, MAY BE ELIGIBLE FOR UP TO 1,000 TO HELP WITH HOME REPAIR COSTS. LIFE'S PERKS - THIS EASY-TO-USE MEMBER DISCOUNT PROGRAM OFFERS SAVINGS ON BRAND-NAME ITEMS FROM MORE THAN 30,000 LOCAL AND NATIONAL RETAILERS. MEMBERS CAN SAVE MONEY ON EVERYDAY ITEMS LIKE CELL PHONES, RESTAURANTS AND WHOLESALE CLUB MEMBERSHIPS, AND ON MAJOR PURCHASES LIKE AUTOMOBILES, HOMES AND FURNITURE. WOODMENLIFE FOCUS FORWARD SCHOLARSHIP - THROUGH THE WOODMENLIFE FOCUS FORWARD SCHOLARSHIP, MORE THAN 4,000 SCHOLARSHIPS WORTH 3 MILLION HAVE BEEN AWARDED TO HIGH SCHOOL GRADUATES SINCE 2017. SCHOLARSHIPS MAY BE USED AT COLLEGES, UNIVERSITIES AND TRADE SCHOOLS, AND SCHOLARSHIP MONEY CAN BE USED FOR EDUCATION-RELATED EXPENSES, WHICH INCLUDE TUITION, FEES, BOOKS, SUPPLIES AND ROOM AND BOARD. STUDENT LOAN RELIEF - EVERY YEAR, WOODMENLIFE GIVES UP TO 200 1,000 AWARDS TO ELIGIBLE MEMBERS. RECIPIENTS ARE SELECTED BASED ON COMMUNITY SERVICE, PATRIOTISM AND LOAN STATEMENTS. LAWASSURETM -LAWASSURE GIVES WOODMENLIFE MEMBERS THE ABILITY TO CREATE CUSTOMIZED WILLS, POWERS OF ATTORNEY AND HEALTHCARE DIRECTIVES WITH FREE, EASY-TO-USE ONLINE TEMPLATES. GIVING TOGETHER - THE GIVING TOGETHER PROGRAM PROVIDES FUNDING FOR SALES REPRESENTATIVES TO ORGANIZE AND CONDUCT COMMUNITY BEAUTIFICATION PROJECTS, SUCH AS PAINTING AT YOUTH FOOTBALL FIELDS AND LANDSCAPING AT SCHOOLS AND COMMUNITY CENTERS. COMMUNITY IMPROVEMENT FUNDS - WOODMENLIFE ALLOCATES FUNDS TO LOCAL CHAPTERS AND COMMUNITIES THAT SUPPORT OUR SHARED COMMITMENT TO FAMILY, COMMUNITY AND COUNTRY. THESE FUNDS HELP MEMBERS PROVIDE FOR LOCAL NEEDS AND GIVE MEMBERS A VOICE IN DECIDING WHICH CAUSES MATTER MOST TO THEM. ANNUAL REGIONAL EVENTS - THESE EVENTS ARE DESIGNED TO HELP PEOPLE COLLABORATE, AS WELL AS TO EDUCATE AND RECOGNIZE CHAPTERS AND MEMBERS FOR THEIR CONTRIBUTIONS TO THE COMMUNITY. THEY ARE ANOTHER WAY FOR WOODMENLIFE TO CULTIVATE RELATIONSHIPS AMONG THE WOODMENLIFE FAMILY.

Program 2

PATRIOTIC PROGRAM: WOODMENLIFE'S PATRIOTIC PROGRAM WAS LAUNCHED MORE THAN 75 YEARS AGO IN SUPPORT OF THE ORGANIZATION'S COMMON BOND FOCUS ON OUR COUNTRY. SINCE 1947, THE ORGANIZATION HAS DONATED MORE...

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PATRIOTIC PROGRAM: WOODMENLIFE'S PATRIOTIC PROGRAM WAS LAUNCHED MORE THAN 75 YEARS AGO IN SUPPORT OF THE ORGANIZATION'S COMMON BOND FOCUS ON OUR COUNTRY. SINCE 1947, THE ORGANIZATION HAS DONATED MORE THAN 3.5 MILLION FLAGS TO NONPROFIT ORGANIZATIONS, SCHOOLS AND COMMUNITIES. WOODMENLIFE IS THE SECOND LARGEST PURCHASER OF AMERICAN FLAGS BEHIND THE UNITED STATES GOVERNMENT. AS PART OF THE PATRIOTIC PROGRAM, CHAPTERS ARE ENCOURAGED TO PLAN AND PARTICIPATE IN FLAGS ACROSS AMERICA PROJECTS ON JUNE 14 AND IN HONOR AND REMEMBRANCE CEREMONIES ON SEPTEMBER 11. THEY ALSO PLAN COMMUNITY SERVICE PROJECTS FOR VETERANS DAY, MEMORIAL DAY AND INDEPENDENCE DAY. IN ADDITION, WOODMENLIFE HAS PARTNERED WITH THE GARY SINISE FOUNDATION TO FURTHER SUPPORT THEIR MISSION OF HONORING OUR DEFENDERS, VETERANS, FIRST RESPONDERS, THEIR FAMILIES, AND THOSE IN NEED.

Program 3

FIGHTING HUNGER - WOODMENLIFE MADE FIGHTING HUNGER ITS NATIONAL COMMUNITY FOCUS IN 2015. THIS FOCUS UNITES MEMBERS OF THE WOODMENLIFE FAMILY, AS WELL AS OUR SALES REPRESENTATIVES AND HOME OFFICE...

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FIGHTING HUNGER - WOODMENLIFE MADE FIGHTING HUNGER ITS NATIONAL COMMUNITY FOCUS IN 2015. THIS FOCUS UNITES MEMBERS OF THE WOODMENLIFE FAMILY, AS WELL AS OUR SALES REPRESENTATIVES AND HOME OFFICE ASSOCIATES. HUNGER-FIGHTING EFFORTS INCLUDE COMMUNITY FOOD DRIVES, BACKPACK STUFFING EVENTS, SORTING DONATIONS AT LOCAL FOOD BANKS, SERVING MEALS AT COMMUNITY KITCHENS, AND HOLDING COOKING FUNDRAISERS. WOODMENLIFE ALSO SUPPORTS THIS EFFORT THROUGH ITS CORPORATE GIVING. SINCE 2015, WOODMENLIFE AND ITS MEMBERS HAVE COLLECTED NEARLY 1.4 MILLION POUNDS OF FOOD AND DONATED NEARLY 3.7 MILLION DOLLARS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $763,394,848
Investment Income $370,471,961
Other Revenue $6,957,889
TOTAL REVENUE $1,140,824,698

Expense Breakdown

Grants Paid $1,043,181
Salaries & Benefits $86,917,123
Fundraising Expenses $0
Other Expenses $100,726,729
TOTAL EXPENSES $1,128,220,493

Year-over-Year Comparison

2023 2022 Change
Revenue $1,140,824,698 $1,005,480,725 +0.1%
Expenses $1,128,220,493 $999,313,713 +0.1%
Net Income $12,604,205 $6,167,012 +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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Governance

Voting Members
13
Independent Members
9
Employees
934
Volunteers
21670

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
28
$13,400,064
Total Directors
14
$6,167,063
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT & 50.00
Officer Director
$1,579,192 $97,716 $1,676,908
N/A PRESIDENT & 50.00
Officer Director
$1,010,233 $75,804 $1,086,037
N/A EXEC VP CHIE 50.00
Officer Director
$722,201 $247,158 $969,359
N/A EXEC VP, CFO 50.00
Officer Director
$714,698 $220,365 $935,063
N/A EXEC VP, CHI 50.00
Officer Director
$635,760 $99,214 $734,974
N/A REGIONAL DIR 50.00
Highest
$550,909 $155,674 $706,583
N/A SR. VP, CHIE 50.00
Officer
$432,501 $112,510 $545,011
N/A VP, CHIEF RI 50.00
Officer
$425,961 $76,109 $502,070
N/A VP, CORE OPS 50.00
Officer
$330,700 $156,738 $487,438
N/A VP, CHIEF IN 50.00
Officer
$353,281 $109,840 $463,121
N/A REGIONAL DIR 50.00
Highest
$400,224 $61,763 $461,987
N/A SR VP, SALES 50.00
Officer
$341,632 $116,529 $458,161
N/A SVP GEN COUN 50.00
Officer
$417,743 $33,565 $451,308
N/A REGIONAL DIR 50.00
Highest
$368,804 $75,833 $444,637
N/A REGIONAL DIR 50.00
Highest
$352,142 $81,754 $433,896
N/A VP, CHIEF AC 50.00
Officer
$304,977 $125,569 $430,546
N/A VP ACTUARY & 50.00
Officer
$322,429 $79,418 $401,847
N/A REGIONAL DIR 50.00
Highest
$364,485 $32,861 $397,346
N/A VP, SALES 50.00
Officer
$282,163 $49,421 $331,584
N/A VP, BUSINESS 5.00
Officer
$306,062 $23,666 $329,728
N/A DEPUTY GEN C 50.00
Officer
$283,382 $25,692 $309,074
N/A VP, HUMAN CA 50.00
Officer
$193,122 $115,870 $308,992
N/A VP, ADDITION 50.00
Officer
$255,565 $49,199 $304,764
N/A VP, STRATEGI 50.00
Officer
$270,018 $31,800 $301,818
N/A VP, CHIEF HU 50.00
Officer
$248,014 $49,625 $297,639
N/A VP, MARKETIN 50.00
Officer
$229,550 $57,611 $287,161
N/A VP, SECURITY 50.00
Officer
$236,923 $45,883 $282,806
N/A VP, SALES 50.00
Officer
$223,340 $53,978 $277,318
N/A SR VP, COO 50.00
Officer
$257,547 $17,788 $275,335
N/A VP, FRATERNA 50.00
Officer
$213,898 $52,975 $266,873
N/A VP, WFS OPS 50.00
Officer
$194,315 $61,621 $255,936
N/A VP, CHIEF CO 50.00
Officer
$192,101 $46,922 $239,023
N/A VP, STRATEGI 50.00
Officer
$167,176 $22,994 $190,170
N/A BOARD OF DIR 5.00
Director
$98,938 $0 $98,938
N/A BOARD OF DIR 5.00
Director
$97,679 $0 $97,679
N/A BOARD OF DIR 5.00
Director
$87,909 $0 $87,909
N/A BOARD OF DIR 5.00
Director
$82,688 $0 $82,688
N/A BOARD OF DIR 5.00
Director
$81,422 $0 $81,422
N/A BOARD OF DIR 5.00
Director
$80,253 $0 $80,253
N/A BOARD OF DIR 5.00
Director
$80,174 $0 $80,174
N/A BOARD OF DIR 5.00
Director
$79,138 $0 $79,138
N/A BOD, FORMER 5.00
Director
$76,521 $0 $76,521
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 $1,140,824,698 $1,128,220,493 $11,268,038,180 $12,604,205
2022 $1,005,480,725 $999,313,713 $11,059,800,916 $6,167,012
2021 $1,020,619,814 $952,039,406 $11,463,649,522 $68,580,408
2020 $1,012,291,214 $999,853,452 $11,227,563,368 $12,437,762
2019 $1,255,872,705 $1,145,822,975 $11,101,466,158 $110,049,730
2018 $1,049,679,093 $964,452,035 $10,949,510,724 $85,227,058
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