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Filing year 2024

ARMED FORCES BENEFIT ASSOCIATION

Alexandria, Virginia·EIN 53-0209087·9
Total revenue
$162.9M
Total assets
$195.4M
Total expenses
$147.1M
Reported officers
23
Mission

PROMOTE THE WELFARE OF MEMBERS OF THE U.S. UNIFORMED SERVICES, FEDERAL GOVERNMENT EMPLOYEES, FIRST RESPONDER EMERGENCY PERSONNEL AND THEIR FAMILIES BY PROVIDING LOW COST LIFE INSURANCE, AND OTHER BENEFITS.

Executive compensation, broken down

Form 990 · Schedule J · 23 reported individuals · Filing year 2024

$1.4M
$1.5M
Base
$682k
Bonus
$540k
Other
$135k
Benefits
$2k
Base
$379k
Bonus
$136k
Other
$60k
Benefits
$19k
Svp, Human Resources
senior vice president
$340k
$361k
Base
$245k
Bonus
$58k
Other
$3k
Benefits
$19k
CIO
chief information officer
$334k
$354k
Base
$235k
Bonus
$63k
Other
$3k
Benefits
$19k
Cae
officer (unspecified)
$317k
$336k
Base
$225k
Bonus
$54k
Other
$4k
Benefits
$19k
Svp, Operations
senior vice president
$303k
$322k
Base
$209k
Bonus
$58k
Other
$3k
Benefits
$19k
Vp, National Guard Market
vice president
$282k
$299k
Base
$203k
Bonus
$46k
Other
$675
Benefits
$19k
Controller
highest compensated employee
$251k
$266k
Base
$182k
Bonus
$35k
Other
$4k
Benefits
$19k
Vp, Distri Support Svcs
vice president
$245k
$260k
Base
$185k
Bonus
$25k
Other
$5k
Benefits
$19k
Dir of Statistics & Analysis
highest compensated employee
$243k
$258k
Base
$179k
Bonus
$32k
Other
$4k
Benefits
$19k
Treasurer & Customer Advo
highest compensated employee
$228k
$242k
Base
$187k
Bonus
$3k
Other
$7k
Benefits
$19k
Chairman
board chair
$68k
$72k
Director
board member
$56k
$60k
Director
board member
$56k
$60k
Director
board member
$56k
$60k
Director
board member
$56k
$60k
Director
board member
$50k
$53k
Director
board member
$50k
$53k
Director
board member
$50k
$53k
Svp, General Counsel
senior vice president
$41k
$43k
Director (as of 02/24)
board member
$38k
$40k
Association Secretary
secretary (operational)
$32k
$34k
Vp, Mktg & Comms
vice president
$31k
$33k

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.

Up 2%
from 2023

From $1.3M in 2023 to $1.4M in 2024.

$1.3M
2023
$1.4M
2024
In today's dollarsEst.
Down 1% in real terms$1.5M to $1.5M

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

ARMED FORCES BENEFIT ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$156.2M
$148M
2023
$162.9M
$147.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
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