ARMED SERVICES MUTUAL BENEFIT ASSOCIATION (EIN 620758518) - 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

1963

Legal Domicile

Principal Officer

BRICE N SMITH

Phone

6158510800

Tax Period

2024-04-01 to 2025-03-31

ARMED SERVICES MUTUAL BENEFIT ASSOCIATION, founded in 1963, is a community nonprofit in the Public & Societal Benefit sector that reported $8.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.1M, a strong 36% operating margin.

Mission

PROVIDE MEMBERS LOW COST LIFE INSURANCE AND SURVIVOR BENEFIT COVERAGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,119,598

Investment Income $2,908,323

Other Revenue $545,756

TOTAL REVENUE $8,573,677

Expense Breakdown

Grants Paid $137,226

Salaries & Benefits $720,203

Fundraising Expenses $0

Program Expenses $5,477,437

Other Expenses $4,620,008

TOTAL EXPENSES $5,477,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,573,677	$7,896,351	+0.1%
Expenses	$5,477,437	$5,885,557	-0.1%
Net Income	$3,096,240	$2,010,794	+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

Volunteers

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

$418,671

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRICE N SMITH non-voting	President	45.00	Officer	$345,057	$73,614	$418,671
DEBRA KUBIET	CHAIR	2.00	Officer Director	$0	$0	$0
JOHN SARAGA	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JAMES MCKEE	GOVERNORS BOARD	2.00	Director	$0	$0	$0
DENNIS TONNESLAN	GOVERNORS BOARD	2.00	Director	$0	$0	$0
FRANK MURPHY	GOVERNORS BOARD	2.00	Director	$0	$0	$0
PETE AUBREY	GOVERNORS BOARD	2.00	Director	$0	$0	$0
SUSAN FAVERO	GOVERNORS BOARD	2.00	Director	$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
2025	$8,573,677	$5,477,437	$63,346,194	$3,096,240
2024	$7,896,351	$5,885,557	$60,063,419	$2,010,794
2023	$7,537,390	$5,906,651	$56,245,710	$1,630,739
2022	$7,665,042	$7,196,076	$55,566,131	$468,966
2021	$7,042,827	$8,357,549	$54,505,817	$-1,314,722
2020	$7,641,969	$6,641,253	$51,537,152	$1,000,716
2019	$7,797,005	$7,715,950	$53,115,194	$81,055

ARMED SERVICES MUTUAL BENEFIT ASSOCIATION