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Filing year 2024

AMERICAN ARMED FORCES MUTUAL AID ASSOCIATION

Fort Myer, Virginia·EIN 53-0213841·501(c)(23)
Total revenue
$127.4M
Total assets
$1.3B
Total expenses
$144.2M
Reported officers
35
Mission

AAFMAA'S MISSION IS TO HELP ENSURE THE FINANCIAL SECURITY AND INDEPENDENCE OF THE MEMBERS OF THE AMERICAN ARMED FORCES COMMUNITY BY PROVIDING INSURANCE AND OTHER BENEFITS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 23 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President, Ams
Key Employee
Above 90th percentile
$440k
$468k
Base
$328k
Bonus
$74k
Other
Benefits
$22k
President, Awmt
Key Employee
Above 90th percentile
$417k
$443k
Base
$332k
Bonus
$67k
Other
Benefits
$2k
President
Above 90th percentile
$386k
$410k
Base
$347k
Bonus
Other
Benefits
$4k
COO & Secretary
Above 90th percentile
$384k
$408k
Base
$339k
Bonus
Other
Benefits
$30k
Chief Marketing Officer, Ams
Key Employee
75th to 90th percentile
$372k
$395k
Base
$271k
Bonus
$50k
Other
Benefits
$37k
Sales Manager, Ams
Highest Compensated Employee
75th to 90th percentile
$353k
$375k
Base
$39k
Bonus
$265k
Other
Benefits
$35k
Cfo, Awmt
Above 90th percentile
$328k
$348k
Base
$264k
Bonus
$48k
Other
Benefits
$2k
Coo, Ap
75th to 90th percentile
$307k
$326k
Base
$161k
Bonus
$133k
Other
Benefits
Sr. Relationship Manager, Awmt
Highest Compensated Employee
75th to 90th percentile
$291k
$309k
Base
$52k
Bonus
$209k
Other
Benefits
$19k
Chief Technology Offficer, Ams
Key Employee
75th to 90th percentile
$291k
$309k
Base
$261k
Bonus
$18k
Other
Benefits
VP Business Development, Awmt
Board Vice President
75th to 90th percentile
$289k
$307k
Base
$196k
Bonus
$71k
Other
Benefits
$10k
Chief Investment Officer, Awmt
Highest Compensated Employee
75th to 90th percentile
$288k
$306k
Base
$224k
Bonus
$34k
Other
Benefits
$22k
Sr. Relationship Manager, Awmt
Highest Compensated Employee
75th to 90th percentile
$281k
$298k
Base
$52k
Bonus
$197k
Other
Benefits
$20k
Chief Marketing Officer
Key Employee
75th to 90th percentile
$268k
$284k
Base
$202k
Bonus
$14k
Other
Benefits
$30k
Chief Information Officer
Median to 75th percentile
$267k
$284k
Base
$223k
Bonus
Other
Benefits
$33k
CFO & Treasurer
75th to 90th percentile
$258k
$274k
Base
$236k
Bonus
Other
Benefits
$11k
Controller
Above 90th percentile
$232k
$247k
Base
$190k
Bonus
Other
Benefits
$33k
Portfolio Manager, Awmt
Highest Compensated Employee
Median to 75th percentile
$231k
$245k
Base
$194k
Bonus
$28k
Other
Benefits
Controller, Ap
Controller
Above 90th percentile
$228k
$242k
Base
$146k
Bonus
$67k
Other
Benefits
$6k
Vp, Insurance Operations
Board Vice President
Median to 75th percentile
$203k
$215k
Base
$181k
Bonus
Other
Benefits
$3k
Sr Vice President & Asst Secretary
Vice President
75th to 90th percentile
$193k
$205k
Base
$179k
Bonus
Other
Benefits
$5k
Controller, Ams
Controller
75th to 90th percentile
$182k
$193k
Base
$141k
Bonus
$10k
Other
Benefits
$24k
EVP & Coo, Ams (thru 1/17/24)
Median to 75th percentile
$155k
$164k
Base
$45k
Bonus
Other
$107k
Benefits
$3k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 12 unpaid individuals.

Up 15%
from 2023

From $384k in 2023 to $440k in 2024.

$384k
2023
$440k
2024
In today's dollarsEst.
Up 11% in real terms$421k to $468k

Estimated with Washington-Arlington-Alexandria, DC-VA-MD-WV metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Key Employee pay rose 21% from 2023 to 2024, while revenue rose 2%.

$364k in 2023 to $440k in 2024.
  • Chief Executive Officer pay rose 1% from 2023 to 2024.
  • Chief Operating Officer pay rose 5% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

AMERICAN ARMED FORCES MUTUAL AID ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$125.2M
$126.6M
2023
$127.4M
$144.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about AMERICAN ARMED FORCES MUTUAL AID ASSOCIATION

What does the Key Employee of AMERICAN ARMED FORCES MUTUAL AID ASSOCIATION earn?

In 2024, the Key Employee of AMERICAN ARMED FORCES MUTUAL AID ASSOCIATION received $440,312 in total compensation. This pay is in the top 10% for Key Employee roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Key Employee pay at AMERICAN ARMED FORCES MUTUAL AID ASSOCIATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Key Employee at AMERICAN ARMED FORCES MUTUAL AID ASSOCIATION falls in the top 10%.

What are AMERICAN ARMED FORCES MUTUAL AID ASSOCIATION's revenue and expenses?

In 2024, AMERICAN ARMED FORCES MUTUAL AID ASSOCIATION reported $127.4M in total revenue and $144.2M in total expenses on its IRS Form 990.

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