ASSURED LIFE ASSOCIATION (EIN 840356870) - 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

1890

Legal Domicile

Principal Officer

GARY R WHEELER

Phone

3037929777

Tax Period

2024-01-01 to 2024-12-31

ASSURED LIFE ASSOCIATION, founded in 1890, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2024. Expenses of $7.9M left a modest 10% surplus.

Mission

FRATERNAL ORGANIZATION

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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 $5,403,451

Investment Income $3,338,842

Other Revenue $100,997

TOTAL REVENUE $8,843,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $965,591

Fundraising Expenses $0

Other Expenses $3,273,956

TOTAL EXPENSES $7,920,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,843,290	$9,109,480	0.0%
Expenses	$7,920,840	$8,987,732	-0.1%
Net Income	$922,450	$121,748	+6.6%

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

250

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

$559,770

Total Directors

$386,647

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANYA S UNREIN	CHAIR	1.00	Officer Director	$14,918	$0	$14,918
LANCE C FOREMAN	DIRECTOR	1.00	Director	$7,230	$0	$7,230
ERNEST T GIAMBRA	DIRECTOR	1.00	Director	$7,230	$0	$7,230
BILLY B HILL JR	DIRECTOR	1.00	Director	$7,230	$0	$7,230
DOUGLAS H OURY	DIRECTOR	1.00	Director	$9,180	$0	$9,180
CHRISTOPHER A YORK	DIRECTOR	1.00	Director	$7,230	$0	$7,230
EILEEN M PHILBIN	DIRECTOR	1.00	Director	$3,615	$0	$3,615
GARY R WHEELER	PRESIDENT/TR	40.00	Officer Director	$285,734	$44,280	$330,014
DIANE L MULLER	SEC/VP OPERA	40.00	Officer	$180,158	$34,680	$214,838
LISA OBERLE	ACCOUNTANT	40.00	Highest	$102,440	$19,994	$122,434

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	$8,843,290	$7,920,840	$59,012,118	$922,450
2023	$9,109,480	$8,987,732	$59,070,732	$121,748
2022	$10,833,866	$10,393,488	$59,414,767	$440,378
2021	$10,289,844	$11,919,239	$58,347,375	$-1,629,395
2020	$13,401,063	$13,027,323	$60,588,572	$373,740
2019	$13,492,279	$12,617,807	$59,284,267	$874,472
2018	$13,440,925	$13,228,904	$58,383,598	$212,021

ASSURED LIFE ASSOCIATION