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 · Schedule J · 23 reported individuals · Filing year 2024
President, Ams
key employee
$440k
$468k
- Base
- $328k
- Bonus
- $74k
- Other
- —
- Benefits
- $22k
President, Awmt
key employee
$417k
$443k
- Base
- $332k
- Bonus
- $67k
- Other
- —
- Benefits
- $2k
President
$386k
$410k
- Base
- $347k
- Bonus
- —
- Other
- —
- Benefits
- $4k
COO & Secretary
$384k
$408k
- Base
- $339k
- Bonus
- —
- Other
- —
- Benefits
- $30k
Chief Marketing Officer, Ams
key employee
$372k
$395k
- Base
- $271k
- Bonus
- $50k
- Other
- —
- Benefits
- $37k
Sales Manager, Ams
highest compensated employee
$353k
$375k
- Base
- $39k
- Bonus
- $265k
- Other
- —
- Benefits
- $35k
Cfo, Awmt
$328k
$348k
- Base
- $264k
- Bonus
- $48k
- Other
- —
- Benefits
- $2k
Coo, Ap
$307k
$326k
- Base
- $161k
- Bonus
- $133k
- Other
- —
- Benefits
- —
Sr. Relationship Manager, Awmt
highest compensated employee
$291k
$309k
- Base
- $52k
- Bonus
- $209k
- Other
- —
- Benefits
- $19k
Chief Technology Offficer, Ams
key employee
$291k
$309k
- Base
- $261k
- Bonus
- $18k
- Other
- —
- Benefits
- —
VP Business Development, Awmt
vice president
$289k
$307k
- Base
- $196k
- Bonus
- $71k
- Other
- —
- Benefits
- $10k
Chief Investment Officer, Awmt
highest compensated employee
$288k
$306k
- Base
- $224k
- Bonus
- $34k
- Other
- —
- Benefits
- $22k
Sr. Relationship Manager, Awmt
highest compensated employee
$281k
$298k
- Base
- $52k
- Bonus
- $197k
- Other
- —
- Benefits
- $20k
Chief Marketing Officer
key employee
$268k
$284k
- Base
- $202k
- Bonus
- $14k
- Other
- —
- Benefits
- $30k
Chief Information Officer
chief information officer
$267k
$284k
- Base
- $223k
- Bonus
- —
- Other
- —
- Benefits
- $33k
CFO & Treasurer
$258k
$274k
- Base
- $236k
- Bonus
- —
- Other
- —
- Benefits
- $11k
Controller
key employee
$232k
$247k
- Base
- $190k
- Bonus
- —
- Other
- —
- Benefits
- $33k
Portfolio Manager, Awmt
highest compensated employee
$231k
$245k
- Base
- $194k
- Bonus
- $28k
- Other
- —
- Benefits
- —
Controller, Ap
key employee
$228k
$242k
- Base
- $146k
- Bonus
- $67k
- Other
- —
- Benefits
- $6k
Vp, Insurance Operations
vice president
$203k
$215k
- Base
- $181k
- Bonus
- —
- Other
- —
- Benefits
- $3k
Sr Vice President & Asst Secretary
vice president
$193k
$205k
- Base
- $179k
- Bonus
- —
- Other
- —
- Benefits
- $5k
Controller, Ams
key employee
$182k
$193k
- Base
- $141k
- Bonus
- $10k
- Other
- —
- Benefits
- $24k
EVP & Coo, Ams (thru 1/17/24)
$155k
$164k
- Base
- $45k
- Bonus
- —
- Other
- $107k
- Benefits
- $3k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President, Ams key employee | $328k | $74k | — | $22k | $440k $468k |
President, Awmt key employee | $332k | $67k | — | $2k | $417k $443k |
President | $347k | — | — | $4k | $386k $410k |
COO & Secretary | $339k | — | — | $30k | $384k $408k |
Chief Marketing Officer, Ams key employee | $271k | $50k | — | $37k | $372k $395k |
Sales Manager, Ams highest compensated employee | $39k | $265k | — | $35k | $353k $375k |
Cfo, Awmt | $264k | $48k | — | $2k | $328k $348k |
Coo, Ap | $161k | $133k | — | — | $307k $326k |
Sr. Relationship Manager, Awmt highest compensated employee | $52k | $209k | — | $19k | $291k $309k |
Chief Technology Offficer, Ams key employee | $261k | $18k | — | — | $291k $309k |
VP Business Development, Awmt vice president | $196k | $71k | — | $10k | $289k $307k |
Chief Investment Officer, Awmt highest compensated employee | $224k | $34k | — | $22k | $288k $306k |
Sr. Relationship Manager, Awmt highest compensated employee | $52k | $197k | — | $20k | $281k $298k |
Chief Marketing Officer key employee | $202k | $14k | — | $30k | $268k $284k |
Chief Information Officer chief information officer | $223k | — | — | $33k | $267k $284k |
CFO & Treasurer | $236k | — | — | $11k | $258k $274k |
Controller key employee | $190k | — | — | $33k | $232k $247k |
Portfolio Manager, Awmt highest compensated employee | $194k | $28k | — | — | $231k $245k |
Controller, Ap key employee | $146k | $67k | — | $6k | $228k $242k |
Vp, Insurance Operations vice president | $181k | — | — | $3k | $203k $215k |
Sr Vice President & Asst Secretary vice president | $179k | — | — | $5k | $193k $205k |
Controller, Ams key employee | $141k | $10k | — | $24k | $182k $193k |
EVP & Coo, Ams (thru 1/17/24) | $45k | — | $107k | $3k | $155k $164k |
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
$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.
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.
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