American Armed Forces Mutual Aid Association

Reston, VA
Tax-exempt since May 1944
EIN: 53-0213841

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Type of Nonprofit

Designated as a 501(c)(23) Veterans' organizations created before 1880, to provide insurance and other benefits to veterans.

Donations to this organization are not tax deductible.

Revenue

$125M (2023)

Expenses

$127M (2023)

Total Assets

$1.3B (2023)

Total Liabilities

$86M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$125,238,471

Expenses

$126,572,535

Net Income

-$1,334,064

Net Assets

$1,213,106,959

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$68,719,547	54.9%
Investment Income	$41,882,114	33.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$2,719,967	2.2%
Net Fundraising	$0
Sales of Assets	$5,199,443	4.2%
Net Inventory Sales	$0
Other Revenue	$6,717,400	5.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,671,842	3.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,490,576	9.9%

Assets/Debt
Total Assets	$1,299,077,223
Total Liabilities	$85,970,264
Net Assets	$1,213,106,959

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael J Meese (President)	$348,399	$0	$35,430
Gerald T Quinn (Coo & Secretary)	$325,239	$0	$42,358
Stephen C Mannell (President, Awmt)	$321,730	$0	$16,380
James J Havener (President, Ams)	$317,792	$0	$46,418
Charles B Betancourt (Coo, Ap)	$298,779	$0	$13,445
Amarish Pathak (Chief Technology Offficer, Ams)	$287,200	$0	$12,924
Robert Greenbaum (Chief Marketing Officer, Ams)	$269,742	$0	$46,189
Stacey Daniels (Evp & Coo, Ams)	$263,083	$0	$33,067
Daniel J Mclaughlin (Cfo, Awmt)	$253,748	$0	$14,015
John J Shivar (Vp Business Development, Awmt)	$223,495	$0	$19,339
Kevin Kincaid (Chief Marketing Officer)	$217,654	$0	$48,175
Steven J Schnippel (Controller, Ap)	$212,322	$0	$11,778
Mark Matsuura (Cfo & Treasurer)	$211,162	$0	$18,451
Peter St Denis (Portfolio Manager, Awmt)	$183,100	$0	$7,574
Corey K Riggs (Sales Manager, Ams)	$182,019	$0	$40,160
Nira P Serpa (Controller)	$180,673	$0	$38,454
Matthew V Watson (Commercial Portfolio Manager, Ams)	$180,598	$0	$17,183
Clifton Brown (Vp, Insurance Operations)	$170,680	$0	$20,170
Joshua M Schnelle (Relationship Manager, Awmt)	$168,943	$0	$20,596
Paul E Jablansky (Chief Investment Officer, Awmt)	$165,881	$0	$14,635
Charlene G Wilde (Sr Vice President & Asst Secretary)	$162,680	$0	$11,347
Mitchell Kr Turner (Chief Information Officer)	$157,554	$0	$21,971
Gen Dennis J Reimer (Chair)	$0	$0	$0
Ltg John A Dubia (Director/Chair Membership)	$0	$0	$0
Mg William M Matz (Director/Chair Finance Com)	$0	$0	$0
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990

Filed on May 10, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$130,654,860

Expenses

$128,906,584

Net Income

$1,748,276

Net Assets

$1,211,470,852

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$52,724,290	40.4%
Investment Income	$54,941,115	42.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$4,433,822	3.4%
Net Fundraising	$0
Sales of Assets	$11,001,251	8.4%
Net Inventory Sales	$0
Other Revenue	$7,554,382	5.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,054,450	3.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,082,607	10.1%

Assets/Debt
Total Assets	$1,304,493,618
Total Liabilities	$93,022,766
Net Assets	$1,211,470,852

Compensation

Key Employees and Officers	Compensation	Related	Other
Stephen C Mannell (President, Awmt)	$362,773	$0	$15,434
Carrie L Clark (Evp & Sr Trust Officer, Awmt)	$357,152	$0	$30,842
Michael J Meese (President)	$340,000	$0	$34,377
Gerald Quinn (Secretary & Coo)	$313,000	$0	$33,336
James J Havener (President, Ams)	$308,900	$0	$31,207
Carlos Perez Jr (Treasurer)	$302,972	$0	$33,119
Robert Greenbaum (Chief Sales & Marketing Officer, Ams)	$274,500	$0	$44,785
Daniel J Mclaughlin (Cfo, Awmt)	$268,781	$0	$14,274
Charles B Betancourt (Coo, Ap)	$264,428	$0	$11,899
Matthew Watson (Commercial Portfolio Mgr, Ams)	$255,897	$0	$24,820
Stacey Daniels (Evp & Coo, Ams)	$255,500	$0	$33,104
Gary N Aiken (Cio, Awmt)	$249,966	$0	$12,226
Debra Castro Moore (Evp And General Counsel, Awmt)	$233,529	$0	$24,644
Kevin A Kincaid (Chief Marketing Officer)	$207,672	$0	$43,528
Steven J Schnippel (Controller, Ap)	$195,127	$0	$33,134
Daniel R Tovar (Chief Information Officer)	$193,750	$0	$6,537
Amarish Pathak (Chief Technology Officer, Ams)	$190,769	$0	$5,885
Nira Serpa (Controller)	$175,700	$0	$35,187
Paul Norman (Chief Financial Officer, Ams)	$163,472	$0	$26,217
Clifton Brown (Vp, Insurance Operations)	$159,000	$0	$18,179
Brittany Benassi (Vp Fin Planning, Awmt)	$156,127	$0	$7,026
Charles Nutter (Svp, Sales)	$145,934	$0	$27,554
Charlene G Wilde (Svp & Assistant Secretary)	$144,700	$0	$10,285
Gen Dennis J Reimer (Chair)	$0	$0	$0
Ltg John A Dubia (Director/Chair Membership)	$0	$0	$0
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990

Filed on May 11, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$156,820,924

Expenses

$155,623,224

Net Income

$1,197,700

Net Assets

$1,255,190,735

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$56,706,138	36.2%
Investment Income	$56,443,726	36.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$2,473,794	1.6%
Net Fundraising	$0
Sales of Assets	$31,387,214	20.0%
Net Inventory Sales	$0
Other Revenue	$9,810,052	6.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,637,427	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,851,576	10.8%

Assets/Debt
Total Assets	$1,347,409,383
Total Liabilities	$92,218,648
Net Assets	$1,255,190,735

Compensation

Key Employees and Officers	Compensation	Related	Other
Ross Cutler (Vice President Of Business Development)	$380,791	$0	$19,050
James Havener (President, Ams)	$348,225	$0	$42,377
Stephen C Mannell (President, Awmt)	$343,609	$0	$14,701
Anthony J Powell (Evp, Ams)	$343,494	$0	$43,116
Kevin W Holton (Vp, Branch Sales, Ams)	$336,223	$0	$43,725
Michael J Meese (President)	$329,685	$0	$32,743
Carlos Perez Jr (Treasurer)	$304,487	$0	$32,151
Gerald Quinn (Secretary & Coo)	$301,504	$0	$23,280
Robert Greenbaum (Chief Marketing Officer, Ams)	$287,628	$0	$45,725
Charles Nutter (Svp, Sales)	$273,123	$0	$46,195
Fay Silverman (Branch Manager, Ams)	$266,483	$0	$22,565
Carrie L Clark (Evp & Sr Trust Officer, Awmt)	$264,816	$0	$29,704
Daniel J Mclaughlin (Cfo, Awmt)	$258,597	$0	$14,404
Paul Norman (Chief Financial Officer, Ams)	$254,096	$0	$43,670
Stacey Daniels (Coo, Ams)	$242,695	$0	$28,080
Charles B Betancourt (Coo, Aafmaa Property Llc)	$234,758	$0	$10,564
Corey Riggs (Military Mortgage Advisor, Ams)	$221,593	$0	$40,868
Kevin A Kincaid (Chief Marketing Officer)	$191,729	$0	$42,182
Debra Castro Moore (Evp And General Counsel, Awmt)	$184,258	$0	$24,745
Nira Serpa (Controller)	$152,165	$0	$33,192
Charlene G Wilde (Svp & Assistant Secretary)	$125,496	$0	$9,551
Gen Dennis J Reimer (Chair)	$0	$0	$0
Ltg John A Dubia (Director/Chair Membership)	$0	$0	$0
Mg William M Matz (Director/Chair Finance Comm)	$0	$0	$0
Cw3 Robin H Boudiette Jr (Director)	$0	$0	$0
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990

Filed on April 25, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$132,145,669

Expenses

$131,412,110

Net Income

$733,559

Net Assets

$1,229,888,950

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$53,633,811	40.6%
Investment Income	$63,452,305	48.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,449,685	1.1%
Net Fundraising	$0
Sales of Assets	$6,499,952	4.9%
Net Inventory Sales	$0
Other Revenue	$7,109,916	5.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,915,100	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,222,412	10.1%

Assets/Debt
Total Assets	$1,313,694,509
Total Liabilities	$83,805,559
Net Assets	$1,229,888,950

Compensation

Key Employees and Officers	Compensation	Related	Other
Walter R Lincoln (Former President & Treasurer)	$462,162	$0	$36,099
Kevin W Holton (Vp, Branch Sales, Ams)	$324,249	$0	$47,929
Michael J Meese (Current President)	$322,692	$0	$32,236
Carlos Perez Jr (Current Treasurer)	$286,168	$0	$31,750
Gerald Quinn (Secretary & Coo)	$282,743	$0	$16,108
Stephen C Mannell (President, Awmt)	$267,837	$0	$13,822
James Havener (President, Ams)	$259,229	$0	$42,973
Kevin Crooks (Branch Manager, Ams)	$256,777	$0	$49,468
Richard Maines (Branch Manager, Ams)	$256,669	$0	$50,528
Anthony J Powell (Evp, Ams)	$252,098	$0	$47,449
Corey Riggs (Military Mortgage Advisor, Ams)	$251,046	$0	$45,007
Robert Greenbaum (Chief Sales Officer, Ams)	$249,191	$0	$49,408
Stacey Daniels (Coo, Ams)	$232,246	$0	$6,967
Richard Poe (Military Mortgage Advisor, Ams)	$220,852	$0	$20,590
Kevin A Kincaid (Chief Marketing Officer)	$205,390	$0	$43,139
Carrie L Clark (Evp & Sr Trust Officer, Awmt)	$204,410	$0	$29,987
Daniel J Mclaughlin (Cfo, Awmt)	$199,637	$0	$12,266
Charles B Betancourt (Coo, Aafmaa Property Llc)	$189,114	$0	$9,827
Charlene G Wilde (Assistant Secretary)	$120,800	$0	$9,352
Gen Dennis J Reimer (Chair)	$0	$0	$0
Ltg John A Dubia (Director/Chair Membership Comm.)	$0	$0	$0
Mg William M Matz (Director/Chair Finance Comm.)	$0	$0	$0
Cw3 Robin H Boudiette Jr (Director)	$0	$0	$0
Mg John G Ferrari (Director)	$0	$0	$0
Brig Gen Jonathan D George (Director)	$0	$0	$0
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990

Filed on June 23, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$134,816,629

Expenses

$133,800,328

Net Income

$1,016,301

Net Assets

$1,180,876,049

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$55,588,127	41.2%
Investment Income	$60,504,197	44.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$331,101	0.2%
Net Fundraising	$0
Sales of Assets	$13,723,409	10.2%
Net Inventory Sales	$0
Other Revenue	$4,669,795	3.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,896,257	2.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,779,843	6.6%

Assets/Debt
Total Assets	$1,295,530,154
Total Liabilities	$114,654,105
Net Assets	$1,180,876,049

Compensation

Key Employees and Officers	Compensation	Related	Other
Maj Walter R Lincoln (President And Treasurer)	$648,172	$0	$37,064
Michael J Meese (Evp & Secretary)	$319,838	$0	$31,687
Robert Greenbaum (Vp Branch Sales, Aafmaa Mortgage)	$259,847	$0	$56,717
Stephen Mannell (President, Aafmaa Wealth Mgt)	$253,873	$0	$13,176
James M Malley (President, Aafmaa Mortgage)	$251,323	$0	$34,073
Carlos Perez Jr (Coo & Assistant Secretary)	$210,636	$0	$24,489
Carrie L Clark (Executive Vp,Aafmaa Wealth)	$194,549	$0	$33,815
Kevin Kincaid (Chief Marketing Officer)	$193,916	$0	$40,575
George Briggs (Branch Manager)	$183,949	$0	$5,815
Anthony Powell (Chief Operating Officer, Aafmaa Mortgage)	$183,473	$0	$41,846
Gary N Aiken (Chief Analyst/Risk Manager)	$181,641	$0	$33,205
Ross H Cutler (Vp,Aafmaa Wealth Mgmt)	$173,700	$0	$14,400
Lawrie Vick (Branch Manager)	$167,907	$0	$27,796
Daniel Mclaughlin (Cfo, Aafmaa Wealth Mgt)	$162,808	$0	$5,605
Charlene G Wilde (Assistant Secretary)	$103,322	$0	$7,040
Dennis J Reimer (Chairman Of The Board)	$0	$0	$0
Bg Mack C Hill (Chairman/Audit Subcommittee)	$0	$0	$0
Robin H Boudiette (Director/Membership Committee)	$0	$0	$0
Cmsgt Lewis E Monroe (Director/Membership Committee)	$0	$0	$0
Col Dennis D Porter (Director/Finance Committee)	$0	$0	$0
Cmsgt John T Ridge (Director/Finance Committee)	$0	$0	$0
Col Wilson A Bud Shatzer Jr (Director/Membership Committee)	$0	$0	$0
Brig Gen Jonathan D George (Director/Membership Committee)	$0	$0	$0
Radm Janice M Hamby (Vice Chair/Membership Comm)	$0	$0	$0
Bg William M Matz (Chairman/Finance Committee)	$0	$0	$0
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990

Filed on Oct. 21, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$130,316,594

Expenses

$129,208,511

Net Income

$1,108,083

Net Assets

$1,168,243,205

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$53,782,722	41.3%
Investment Income	$59,801,684	45.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$195,164	0.1%
Net Fundraising	$0
Sales of Assets	$11,852,921	9.1%
Net Inventory Sales	$0
Other Revenue	$4,684,103	3.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,795,407	2.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,948,204	4.6%

Assets/Debt
Total Assets	$1,289,114,167
Total Liabilities	$120,870,962
Net Assets	$1,168,243,205

Compensation

Key Employees and Officers	Compensation	Related	Other
Maj Walter R Lincoln (President And Treasurer)	$605,973	$0	$36,793
Michael J Meese (Evp & Secretary)	$311,712	$0	$31,139
Richard Convy (President,Aafmaa Wealth Mgt)	$311,233	$0	$28,721
James M Malley (President, Aafmaa Mortgage)	$260,035	$0	$28,190
Stephen Mannell (Cfo, Aafmaa Wealth Mgt)	$255,391	$0	$12,003
Carlos Perez Jr (Coo & Assistant Secretary)	$198,438	$0	$23,599
Carrie L Clark (Executive Vp,Aafmaa Wealth)	$197,117	$0	$32,771
Kevin W Holton (Producing Branch Manager)	$193,729	$0	$35,172
Anthony Powell (Chief Operating Officer)	$176,367	$0	$32,590
Gary N Aiken (Chief Analyst & Risk Manag)	$175,998	$0	$32,640
Kevin Kincaid (Chief Marketing Officer)	$175,251	$0	$39,290
Ross H Cutler (Vp,Aafmaa Wealth Mgmt)	$171,836	$0	$7,733
Arthur Lyons (Chief Investment Officer)	$160,200	$0	$8,960
Charles B Betancourt (Coo, Aafmaa Property)	$141,206	$0	$13,331
Charlene G Wilde (Assistant Secretary)	$92,780	$0	$5,207
Dennis J Reimer (Chairman Of The Board)	$0	$0	$0
Bg Mack C Hill (Chairman, Audit Subcommittee)	$0	$0	$0
Robin H Boudiette (Director, Mmbership Committee)	$0	$0	$0
Cmsgt Lewis E Monroe (Director,Mmbership Committee)	$0	$0	$0
Col Dennis D Porter (Director, Finance Committe)	$0	$0	$0
Cmsgt John T Ridge (Director, Finance Committe)	$0	$0	$0
Col Wilson A Bud Shatzer Jr (Director,Mmbership Committee)	$0	$0	$0
Brig Gen Jonathan D George (Director,Mmbership Committee)	$0	$0	$0
Radm Janice M Hamby (Vice Chair, Mmbership Committee)	$0	$0	$0
Bg William M Matz (Chairman, Finance Committe)	$0	$0	$0
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990

Filed on Nov. 7, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$137,778,115

Expenses

$136,740,386

Net Income

$1,037,729

Net Assets

$1,183,916,680

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$57,545,232	41.8%
Investment Income	$59,179,493	43.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,930,919	1.4%
Net Fundraising	$0
Sales of Assets	$15,189,441	11.0%
Net Inventory Sales	$0
Other Revenue	$3,933,030	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,566,757	2.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,839,983	3.5%

Assets/Debt
Total Assets	$1,295,091,899
Total Liabilities	$111,175,219
Net Assets	$1,183,916,680

Compensation

Key Employees and Officers	Compensation	Related	Other
Maj Walter R Lincoln (President, Treasurer)	$586,878	$0	$40,944
Michael J Meese (Evp & Secretary)	$289,137	$0	$30,589
Richard Convy (President,Aafmaa Wealth Mg)	$255,220	$0	$25,180
James M Malley (President, Aafmaa Mortgage)	$246,954	$0	$36,265
Stephen Mannell (Cfo, Aafmaa Wealth Mgt & T)	$229,121	$0	$12,062
Andrew W May (Managing Director & Coo)	$186,265	$0	$16,764
Carlos Perez Jr (Coo & Assistant Secretary)	$182,267	$0	$21,102
Anthony Powell (Head Of Production And Ope)	$181,821	$0	$9,933
Gary N Aiken (Chief Analyst & Risk Manag)	$171,262	$0	$30,513
Kevin Kincaid (Chief Marketing Officer)	$152,904	$0	$28,976
Ross H Cutler (Vice President,Aafmaa Wealth Mgmt & Trust)	$141,691	$0	$27,774
Carrie L Clark (Executive Vp,Aafmaa Wealth)	$134,959	$0	$26,668
Matthew V Watson (Senior Financial Analyst/I)	$133,944	$0	$19,352
Charles B Betancourt (Coo, Aafmaa Property)	$131,013	$0	$12,872
Clark D Frederick (Vice President,Operations,Aafmaa Mortgage Services)	$128,327	$0	$6,785
Charlene G Wilde (Assistant Secretary)	$65,266	$0	$3,951
Dennis J Reimer (Chairman Of The Board)	$0	$0	$0
Bg Mack C Hill (Director, Finance Committe)	$0	$0	$0
Robin H Boudiette (Director, Membership Commi)	$0	$0	$0
Ltg Joseph E Defrancisco (Vice Chairman Of The Board)	$0	$0	$0
Csm George Horvath (Director, Membership Commi)	$0	$0	$0
Cmsgt Lewis E Monroe (Director, Membership Commi)	$0	$0	$0
Col Dennis D Porter (Director, Finance Committe)	$0	$0	$0
Cmsgt John T Ridge (Director, Finance Committe)	$0	$0	$0
Ltg William J Lennox (Director, Membership Committe)	$0	$0	$0
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990

Filed on Sept. 25, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$129,486,472

Expenses

$128,387,104

Net Income

$1,099,368

Net Assets

$1,147,881,267

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$56,207,797	43.4%
Investment Income	$66,532,517	51.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,612,843	1.2%
Net Fundraising	$0
Sales of Assets	$2,696,761	2.1%
Net Inventory Sales	$0
Other Revenue	$2,436,554	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,717,519	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,913,183	3.8%

Assets/Debt
Total Assets	$1,265,052,325
Total Liabilities	$117,171,058
Net Assets	$1,147,881,267

Compensation

Key Employees and Officers	Compensation	Related	Other
Maj Walter R Lincoln (President, Treasurer)	$561,385	$0	$39,727
James M Malley (President, Aafmaa Mortgage Services)	$403,002	$0	$34,634
Barbara Humphrey (Executive Vp,Aafmaa Wealth)	$284,432	$0	$13,948
Michael J Meese (Coo & Secretary)	$253,928	$0	$29,248
Andrew W May (Managing Director & Coo)	$239,538	$0	$10,779
Richard Convy (President,Aafmaa Wealth Mg)	$235,807	$0	$32,025
Stephen Mannell (Cfo, Aafmaa Wealth Mgt & T)	$215,053	$0	$11,489
A E Lyne Babin (Manager Member Services)	$175,152	$0	$10,948
Gary N Aiken (Chief Analyst & Risk Manag)	$164,003	$0	$29,418
Carlos Perez Jr (Assistant Secretary)	$162,347	$0	$11,142
Kevin Kincaid (Chief Marketing Officer)	$151,267	$0	$27,768
Anthony Powell (Head Of Production And Operations)	$145,840	$0	$6,742
Matthew V Watson (Senior Financial Analyst/I)	$129,533	$0	$16,003
Kathie H Ballard (Manager, Policy Services)	$126,808	$0	$36,014
Ltg Donald M Babers (Chairman Of The Board)	$0	$0	$0
Gen Jack N Merritt (Vice Chairman,Board & Chai)	$0	$0	$0
Bg Mack C Hill (Director, Finance Committe)	$0	$0	$0
Robin H Boudiette (Director, Membership Commi)	$0	$0	$0
Ltg Joseph E Defrancisco (Director, Membership Commi)	$0	$0	$0
Csm George Horvath (Director, Membership Commi)	$0	$0	$0
Cmsgt Lewis E Monroe (Director, Membership Commi)	$0	$0	$0
Col Dennis D Porter (Director, Finance Committe)	$0	$0	$0
Cmsgt John T Ridge (Director, Finance Committe)	$0	$0	$0
Ltg William J Lennox (Chairman Membership Commit)	$0	$0	$0
Col Wilson A Bud Shatzer Jr (Director, Membership Commi)	$0	$0	$0
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990

Filed on Oct. 18, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$122,009,426

Expenses

$120,339,884

Net Income

$1,669,542

Net Assets

$1,072,251,213

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$51,782,547	42.4%
Investment Income	$65,989,037	54.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$104,444	0.1%
Net Fundraising	$0
Sales of Assets	$2,223,976	1.8%
Net Inventory Sales	$0
Other Revenue	$1,909,422	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,414,917	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,773,386	4.0%

Assets/Debt
Total Assets	$1,164,622,416
Total Liabilities	$92,371,203
Net Assets	$1,072,251,213

Compensation

Key Employees and Officers	Compensation	Related	Other
Maj Walter R Lincoln (President, Treasurer)	$502,836	$0	$39,308
James M Malley (Exec Vp & Coo Aafmaa Mbr &)	$310,065	$0	$36,145
Michael J Meese (Coo & Secretary)	$262,710	$0	$32,140
Richard Convy (President,Aafmaa Wealth Mg)	$247,980	$0	$34,608
Barbara Humphrey (Executive Vp,Aafmaa Wealth)	$242,430	$0	$13,695
Stephen Mannell (Cfo, Aafmaa Wealth Mgt & T)	$226,381	$0	$11,999
Andrew W May (Managing Director & Coo)	$198,865	$0	$7,126
Kevin Kincaid (Chief Marketing Officer)	$159,769	$0	$22,316
Gary N Aiken (Chief Analyst & Risk Manag)	$150,744	$0	$27,950
A E Lyne Babin (Manager Member Services)	$132,954	$0	$7,237
Matthew V Watson (Senior Financial Analyst/Inv Mgr)	$122,882	$0	$15,808
Wilson Moy (Director Financial Planning/Trust Officer)	$120,078	$0	$15,754
Clifton E Brown (Manager, Applications & Un)	$119,280	$0	$14,658
Carlos Perez Jr (Assistant Secretary)	$65,296	$0	$1,248
Ltg Donald M Babers (Chairman Of The Board)	$0	$0	$0
Gen Jack N Merritt (Vice Chairman,Board & Chai)	$0	$0	$0
Bg Mack C Hill (Director, Finance Committe)	$0	$0	$0
Robin H Boudiette (Director, Membership Commi)	$0	$0	$0
Ltg Joseph E Defrancisco (Director, Membership Commi)	$0	$0	$0
Csm George Horvath (Director, Membership Commi)	$0	$0	$0
Cmsgt Lewis E Monroe (Director, Membership Commi)	$0	$0	$0
Col Dennis D Porter (Director, Finance Committe)	$0	$0	$0
Cmsgt John T Ridge (Director, Finance Committe)	$0	$0	$0
Ltg William J Lennox (Chairman Membership Commit)	$0	$0	$0
Col Wilson A Bud Shatzer Jr (Director, Membership Commi)	$0	$0	$0
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990

Filed on Aug. 3, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$118,278,203

Expenses

$117,526,362

Net Income

$751,841

Net Assets

$1,084,552,359

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$55,980,307	47.3%
Investment Income	$59,215,526	50.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$3,789,440	3.2%
Net Fundraising	$0
Sales of Assets	-$1,802,061
Net Inventory Sales	$0
Other Revenue	$1,094,991	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,922,742	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,724,799	4.0%

Assets/Debt
Total Assets	$1,154,555,615
Total Liabilities	$70,003,256
Net Assets	$1,084,552,359

Compensation

Key Employees and Officers	Compensation	Related	Other
Maj Walter R Lincoln (President, Treasurer)	$469,397	$0	$38,367
James M Malley (Exec Vp & Coo Aafmaa Mbr &)	$301,581	$0	$37,608
Richard Convy (President,Aafmaa Wealth Mg)	$248,886	$0	$34,030
Michael J Meese (Coo & Secretary)	$232,810	$0	$21,251
Stephen Mannell (Cfo, Aafmaa Wealth Mgt & T)	$218,846	$0	$9,848
Barbara Humphrey (Executive Vp,Aafmaa Wealth)	$212,950	$0	$31,093
Gary N Aiken (Chief Analyst & Risk Manag)	$142,654	$0	$26,905
Brady M Gruler (Vice Pres For Marketing)	$142,302	$0	$37,318
A E Lyne Babin (Manager Member Services)	$124,759	$0	$8,059
Charles B Betancourt (Chief Operating Officer)	$118,496	$0	$12,240
Tiana Fallavollita (Assistant To The President)	$112,871	$0	$15,799
Clifton E Brown (Manager, Applications & Un)	$108,011	$0	$13,531
Ross Cutler (Assistant Secretary)	$95,970	$0	$10,328
Ltg Donald M Babers (Chairman Of The Board)	$0	$0	$0
Gen Jack N Merritt (Vice Chairman,Board & Chairman, Finance Committee)	$0	$0	$0
Bg Mack C Hill (Director, Finance Committe)	$0	$0	$0
Col James P Gerstenlauer (Director, Finance Committe)	$0	$0	$0
Gen John A Shaud (Director, Membership Commi)	$0	$0	$0
Ltg Joseph E Defrancisco (Director, Membership Commi)	$0	$0	$0
Csm George Horvath (Director, Membership Commi)	$0	$0	$0
Cmsgt Lewis E Monroe (Director, Membership Commi)	$0	$0	$0
Col Dennis D Porter (Director, Finance Committe)	$0	$0	$0
Cmsgt John T Ridge (Director, Finance Committe)	$0	$0	$0
Ltg William J Lennox (Chairman Membership Commit)	$0	$0	$0
Col Wilson A Bud Shatzer Jr (Director, Membership Commi)	$0	$0	$0
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990

Filed on Aug. 3, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$112,546,448

Expenses

$110,334,677

Net Income

$2,211,771

Net Assets

$1,046,285,426

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$55,305,270	49.1%
Investment Income	$53,546,280	47.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,625,317	1.4%
Net Fundraising	$0
Sales of Assets	$720,358	0.6%
Net Inventory Sales	$0
Other Revenue	$1,349,223	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,877,230	3.5%

Assets/Debt
Total Assets	$1,102,240,618
Total Liabilities	$55,955,192
Net Assets	$1,046,285,426

Compensation

Key Employees and Officers	Compensation	Related	Other
Maj Walter R Lincoln (President, Treasurer)	$440,460	$0	$34,376
James M Malley (Exec Vp & Coo Aafmaa Mbr &Surv Benefits Llc)	$375,321	$0	$32,185
Richard Convy (President,Aafmaa Wealth Mgt & Trust Llc)	$232,647	$0	$28,678
Stephen Mannell (Cfo, Aafmaa Wealth Mgt & Trust Llc)	$196,200	$0	$7,960
Barbara Humphrey (Executive Vp,Aafmaa Wealth Mgt & Trust Llc)	$192,835	$0	$23,724
Michael J Meese (Coo & Secretary)	$155,318	$0	$3,563
Brady M Gruler (Vice Pres For Marketing)	$144,877	$0	$33,196
Gary N Aiken (Chief Analyst & Risk Management Officer)	$129,864	$0	$27,918
A E Lyne Babin (Manager Member Services)	$129,461	$0	$7,184
Timothy L Oughton (Manager, Survivor Benefits)	$108,286	$0	$6,556
Clifton E Brown (Manager, Applications & Un)	$106,247	$0	$12,809
Kathie H Ballard (Manager, Policy Services)	$104,330	$0	$29,141
Ross Cutler (Assistant Secretary)	$91,990	$0	$16,541
Tom E Hargis (Secretary)	$56,589	$0	$18,180
Ltg Donald M Babers (Chairman Of The Board)	$0	$0	$0
Gen Jack N Merritt (Vice Chairman Of The Board)	$0	$0	$0
Bg Mack C Hill (Director, Finance Committe)	$0	$0	$0
Col James P Gerstenlauer (Director, Finance Committe)	$0	$0	$0
Gen John A Shaud (Director, Membership Commi)	$0	$0	$0
Ltg Joseph Defrancisco (Director, Membership Commi)	$0	$0	$0
Csm George Horvath (Director, Membership Commi)	$0	$0	$0
Cmsgt Lewis E Monroe (Director, Membership Commi)	$0	$0	$0
Col Dennis D Porter (Director, Finance Committe)	$0	$0	$0
Cmsgt John T Ridge (Director, Finance Committe)	$0	$0	$0
Ltg William J Lennox (Chairman Membership Commit)	$0	$0	$0
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990

Filed on Aug. 1, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$104,330,979

Expenses

$100,882,636

Net Income

$3,448,343

Net Assets

$977,774,049

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$50,131,973	48.1%
Investment Income	$52,862,129	50.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$109,409	0.1%
Net Fundraising	$0
Sales of Assets	-$274,601
Net Inventory Sales	$0
Other Revenue	$1,502,069	1.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,738,703	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,249,996	3.2%

Assets/Debt
Total Assets	$1,036,156,814
Total Liabilities	$58,382,765
Net Assets	$977,774,049

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2011

Revenue

$99,493,695

Expenses

$98,443,832

Net Income

$1,049,863

Net Assets

$955,891,552

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$45,593,683	45.8%
Investment Income	$52,890,965	53.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$105,210	0.1%
Net Fundraising	$0
Sales of Assets	$94,730	0.1%
Net Inventory Sales	$0
Other Revenue	$809,107	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,477,005	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,476,851	3.5%

Assets/Debt
Total Assets	$1,000,566,826
Total Liabilities	$44,675,274
Net Assets	$955,891,552

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

American Armed Forces Mutual Aid Association

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $125M (2023)

Expenses $127M (2023)

Total Assets $1.3B (2023)

Total Liabilities $86M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$125M (2023)

Expenses

$127M (2023)

Total Assets

$1.3B (2023)

Total Liabilities

$86M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004