SPECIAL AGENTS MUTUAL BENEFIT ASSO… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

KATHRYN DIEM

Phone

3019841440

Tax Period

2023-01-01 to 2023-12-31

SPECIAL AGENTS MUTUAL BENEFIT ASSOCIATION, founded in 1976, is a major nonprofit that reported $248.3M in total revenue in fiscal year 2023.

Mission

TO SPONSOR AND ADMINISTER THE SAMBA BENEFIT PLAN ("THE PLAN") FOR ITS MEMBERSHIP IN ACCORDANCE WITH ERISA AND FEHBA. THE SAMBA BENEFIT PLAN INCLUDES HEALTH, LIFE, DISABILITY, ACCIDENT, DENTAL, VISION AND RELATED COVERAGES.

Program Service Accomplishments

Program 1

SPONSORED HEALTH, GROUP TERM LIFE, DISABILITY, ACCIDENT, DENTAL AND VISION BENEFITS FOR APPROXIMATELY 113,760 MEMBERS.

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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 $244,429,028

Investment Income $3,873,010

Other Revenue $0

TOTAL REVENUE $248,302,038

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $9,293,125

Fundraising Expenses $0

Other Expenses $12,760,163

TOTAL EXPENSES $265,727,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,302,038	$239,298,096	+0.0%
Expenses	$265,727,397	$252,839,587	+0.1%
Net Income	$-17,425,359	$-13,541,491	+0.3%

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

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

$824,045

Total Directors

$114,775

Key Employees

$1,089,976

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER E WILSON	EXECUTIVE DIRECTOR EMERITUS	40.0	Officer	$537,174	$211,696	$748,870
PAMELA CUMMINGS	ACTING EXECUTIVE DIRECTOR	40.0	Key Emp	$374,324	$206,531	$580,855
PAMELA LYNCH	DEPUTY EXECUTIVE DIRECTOR	40.0	Key Emp	$286,506	$222,615	$509,121
LAURENCE GROSS	SENIOR PROGRAM ADMINISTRATOR	40.0	Highest	$261,629	$75,858	$337,487
JERRY BROWN	MANAGER, IT	40.0	Highest	$218,743	$112,442	$331,185
WILLIAM MARTIN	MANAGER, IT	40.0	Highest	$228,929	$96,376	$325,305
NAYANA RAJAPAKSE	CONTROLLER	40.0	Highest	$192,497	$57,264	$249,761
SANG WOO	SENIOR COMPUTER PROGRAMMER	40.0	Highest	$192,327	$50,956	$243,283
WILLIAM P O'HANLON	PRESIDENT/BOARD MEMBER	4.0	Officer Director	$46,000	$0	$46,000
JOSEPH R DAVIS	BOARD MEMBER	1.0	Director	$24,600	$0	$24,600
DAVID R LOESCH	VICE PRESIDENT/BOARD MEMBER	1.0	Officer Director	$20,175	$0	$20,175
KATHRYN DIEM	TREASURER/BOARD MEMBER	1.0	Officer Director	$9,000	$0	$9,000
CHARLENE B THORNTON	BOARD MEMBER	1.0	Director	$9,000	$0	$9,000
ANGELA ZENTZ	BOARD MEMBER	1.0	Director	$6,000	$0	$6,000
DAVID ERMER	SECRETARY	1.0	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	$248,302,038	$265,727,397	$227,420,148	$-17,425,359
2022	$239,298,096	$252,839,587	$214,009,029	$-13,541,491
2021	$241,820,483	$240,083,270	$232,831,711	$1,737,213
2020	$254,640,425	$222,265,871	$239,845,959	$32,374,554
2019	$262,622,773	$232,972,443	$232,705,645	$29,650,330
2018	$286,579,582	$244,982,443	$232,654,969	$41,597,139

SPECIAL AGENTS MUTUAL BENEFIT ASSOCIATION