American Mutual Life Association

Nonprofit profile at a glance

EIN
346577472
IRS 990 coverage
2010–2025
Forms available
Form 990 2025, Form 990-N 2025
Location
Cleveland, OH, USA
Phone
2165311900
Rating
51
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$4,384,568
Expenses
$4,577,182
Assets
$50,775,221
Liabilities
$39,221,112

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Timothy J Percic (CEO)
  • Joseph G Zab (First Vice President)
  • James Czeck (Second Vice President)

Highest reported compensation

  • Timothy J Percic (CEO): $148,775 total reported compensation
  • Andrew Hanigosky (CFO): $126,260 total reported compensation
  • Joseph G Zab (First Vice President): $6,545 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide mutual aid, protection and security for members through affordable insurance and stable financial products. To promote, preserve and perpetuate the common bond of Slovenian language, heritage and culture. To sponsor educational scholarships and fraternal activities for the benefit of the members. To support the communities wherein our membership resides through acts of benevolence and volunteerism.

What it reported doing in 2025

Provided fraternal life insurance benefits programs consisting of over 10,000 policies for over 7,500 members; offered non-qualified annuities and qualified retirement annuities. Continued the sick benefit program to provide some assistance with medical expenses.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Accountability: 82
  • Sustainability: 40
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 84.6%; rating input score 85; 18th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -4.4%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 11.09; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.77; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 7.1%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: -44.2% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: 1.2% per year; rating input score 100; 12th percentile among comparable filings
  • Asset growth: 2.4% per year; rating input score 100; 19th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 11 of 13 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $149K · 13 people listed
  • Consistency: 14 of 15 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 16/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • Moderate — Sustainability: Officer compensation ratio scored 45/100.