American Armed Forces Mutual Aid Association
501(c)(23)
Only null% goes to programs Strong reserves
American Armed Forces Mutual Aid Association is a 501(c)(23) organization based in Fort Myer, Virginia, registered in 1944, with $142,767,854 in FY2025 revenue. CharityIndex grades it A.
102 Sheridan Ave, Fort Myer, VA, 22211 EIN 53-0213841 Since 1944
Revenue (FY2025)
$142.8M
▲ 12.1% vs prior year
Expenses (FY2025)
$144.3M
Net assets
$1.2B
Employees
173
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for American Armed Forces Mutual Aid Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating98 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For American Armed Forces Mutual Aid Association: 98 mo reserves · -1% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For American Armed Forces Mutual Aid Association: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For American Armed Forces Mutual Aid Association: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
What they do
Aafmaa wealth management & trust llc, a wholly owned subsidiary formed in 2012 as a north carolina trust company and regulated by the north carolina commissioner of banks, provides financial planning, investment management, and trust services to those qualified for aafmaa services under irc section 501(c)(23).
Aafmaa mortgage services llc, a wholly owned subsidiary formed in 2016 and regulated by the north carolina commissioner of banks, offers veteran administration (va), federal housing administration (fha), conventional, and other residential mortgage products to those qualified for aafmaa services under section 501(c)(23).
Contact & location
Financial trends
Revenue grew from $112.5M (FY2013) to $142.8M (FY2025) across 13 reported years.
Financial snapshot
Financial health & position (FY2025)
Liabilities $86.1MNet assets $1.2B
Operating margin
-1.1%
Spent more than it raised in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$86.1M
Net assets
$1.2B
Salaries & benefits
$21.4M
15% of expenses
Board members
12
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $142,767,854▲12.1% | $144,335,669▲0.1% | $1,177,484,108▼0.7% | $1,263,544,055▼1.0% | 990 |
| 2024 | $127,405,253▲1.7% | $144,206,693▲13.9% | $1,185,232,321▼2.3% | $1,275,946,668▼1.8% | 990 |
| 2023 | $125,238,471▼4.1% | $126,572,535▼1.8% | $1,213,106,959▲0.1% | $1,299,077,223▼0.4% | 990 |
| 2022 | $130,654,860▼16.7% | $128,906,584▼17.2% | $1,211,470,852▼3.5% | $1,304,493,618▼3.2% | 990 |
| 2021 | $156,820,924▲18.7% | $155,623,224▲18.4% | $1,255,190,735▲2.1% | $1,347,409,383▲2.6% | 990 |
| 2020 | $132,145,669▼2.0% | $131,412,110▼1.8% | $1,229,888,950▲4.2% | $1,313,694,509▲1.4% | 990 |
| 2019 | $134,816,629▲3.5% | $133,800,328▲3.6% | $1,180,876,049▲1.1% | $1,295,530,154▲0.5% | 990 |
| 2018 | $130,316,594▼5.4% | $129,208,511▼5.5% | $1,168,243,205▼1.3% | $1,289,114,167▼0.5% | 990 |
| 2017 | $137,778,115▲6.4% | $136,740,386▲6.5% | $1,183,916,680▲3.1% | $1,295,091,899▲2.4% | 990 |
| 2016 | $129,486,472▲6.1% | $128,387,104▲6.7% | $1,147,881,267▲7.1% | $1,265,052,325▲8.6% | 990 |
| 2015 | $122,009,426▲3.2% | $120,339,884▲2.4% | $1,072,251,213▼1.1% | $1,164,622,416▲0.9% | 990 |
| 2014 | $118,278,203▲5.1% | $117,526,362▲6.5% | $1,084,552,359▲3.7% | $1,154,555,615▲4.7% | 990 |
| 2013 | $112,546,448 | $110,334,677▲9.4% | $1,046,285,426▲7.0% | $1,102,240,618▲6.4% | 990 |
| 2012 | — | $100,882,636▲2.5% | $977,774,049▲2.3% | $1,036,156,814▲3.6% | 990 |
| 2011 | — | $98,443,832▲10.3% | $955,891,552▲4.6% | $1,000,566,826▲5.2% | 990 |
| 2010 | — | $89,232,808 | $914,101,258 | $951,509,414 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2025)
Highest-paid: James J Havener — $415,959 (0.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James J Havener | President, Ams | 40 | $415,959 |
| Michael J Meese | President | 40 | $359,844 |
| Gerald T Quinn | Coo & Secretary | 40 | $349,208 |
| Stephen C Mannell | President, Awmt | 40 | $347,123 |
| Robert Greenbaum | Chief Marketing Officer, Ams | 40 | $330,716 |
| Charles B Betancourt | Coo, Ap | 40 | $326,749 |
| Amarish Pathak | Chief Technology Offficer, Ams | 40 | $318,473 |
| Joshua M Schnelle | Sr. Relationship Manager, Awmt | 40 | $293,774 |
| Corey K Riggs | Branch Manager, Ams (thru 10/14/25) | 40 | $293,464 |
| Daniel J Mclaughlin | Cfo, Awmt | 40 | $274,007 |
| Anthony E Nemanic | Sr. Relationship Manager, Awmt | 40 | $266,116 |
| Mark Matsuura | Cfo & Treasurer | 40 | $257,018 |
| Paul E Jablansky | Chief Investment Officer, Awmt | 40 | $244,013 |
| Steven J Schnippel | Controller, Ap | 40 | $241,120 |
| Mitchell Kr Turner | Chief Information Officer | 40 | $234,844 |
| Danielle J Nuxoll | Sr Relationship Manager | 40 | $228,964 |
| John J Shivar | Svp Business Development, Awmt | 40 | $215,010 |
| Kevin Kincaid | Chief Marketing Officer | 40 | $214,102 |
| Nira P Serpa | Controller | 40 | $197,347 |
| Charlene G Wilde | Sr Vice President & Asst Secretary | 40 | $186,537 |
Top vendors & contractors (FY2025)
| Contractor | Services | Paid |
|---|---|---|
| Metrostar Systems Inc | It Services | $3,924,124 |
| Sapiens Americas Corp | It Services | $917,805 |
| Silverback Strategies Inc | Marketing | $641,492 |
| Red River Technology LLC | It Services | $490,133 |
| Mole Street Productions LLC | Marketing | $389,415 |
Frequently asked questions
- Is American Armed Forces Mutual Aid Association a legitimate nonprofit?
- Yes. American Armed Forces Mutual Aid Association is a 501(c)(23) organization registered with the U.S. Internal Revenue Service under EIN 53-0213841, based in Fort Myer, Virginia.
- What is American Armed Forces Mutual Aid Association's EIN?
- American Armed Forces Mutual Aid Association's Employer Identification Number (EIN) is 53-0213841.
- How much revenue does American Armed Forces Mutual Aid Association report?
- American Armed Forces Mutual Aid Association reported $142,767,854 in total revenue on its fiscal year 2025 IRS Form 990 filing.
- What financial grade does American Armed Forces Mutual Aid Association have?
- CharityIndex grades American Armed Forces Mutual Aid Association A, based on financial health (reserves and operating margin).
- How much does American Armed Forces Mutual Aid Association's highest-paid employee make?
- The highest reported compensation on American Armed Forces Mutual Aid Association's latest Form 990 is $415,959, paid to James J Havener (President, Ams).
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Data for American Armed Forces Mutual Aid Association (EIN 53-0213841) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.