WoodmenLife
Legal name: Woodmen of the World Life Insurance Society
Nonprofit profile at a glance
- EIN
- 470339250
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-N 2011
- Location
- Omaha, NE, USA
- Phone
- 1-800-225-3108
- Rating
- 43
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,219,699,623
- Expenses
- $1,089,401,435
- Assets
- $11,300,235,603
- Liabilities
- $9,510,682,186
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
41 people listed
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Uniting hardworking Americans to secure their financial future while strengthening our communities and country.
What it reported doing in 2024
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 3.5 million in scholarships 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. 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.
Operating model
- Revenue model
- Earned-program. 65% of the money available for current operations came from fees and other program revenue.
- 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 filed governance safeguards are in place. 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: 73
- Accountability: 83
- Sustainability: 71
- Growth: 20
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: 92.9%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 82.5%; rating input score 82; 18th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 71.4%; rating input score 71; 22nd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.7%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 10.37; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.84; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 1.6%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -27.8% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: -0.8% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 1.6% per year; rating input score 100; 13th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 10 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $1.8M · 41 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $14.1M reported
- Consistency: 15 of 17 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes foreign activity, grants, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 65 filed money-flow records
- Related organizations: 28 filed related-organization links
- 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 16/100.