Gleaner Life Insurance Society
501(c)(8)
Strong reserves Declining revenue
Gleaner Life Insurance Society is a 501(c)(8) organization based in Adrian, Michigan, registered in 1967, with $45,019,132 in FY2024 revenue.
5200 W Us Highway 223, Adrian, MI, 49221 EIN 38-0580730 Since 1967
Revenue (FY2024)
$45.0M
▼ 70.2% vs prior year
Expenses (FY2024)
$51.7M
Net assets
$111.3M
Employees
63
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—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 Gleaner Life Insurance Society— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating26 mo reserves · -15% 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 Gleaner Life Insurance Society: 26 mo reserves · -15% margin earns a C+ 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 Gleaner Life Insurance Society: 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 Gleaner Life Insurance Society: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Gleaner life insurance society ("gleaner") is a fraternal benefit society. its mission is to be a friend of the family that provides its members with financial security, fraternal benefits, and volunteer opportunities served with integrity, respect, and accountability. the purpose of the board of directors of gleaner life insurance society (on behalf of our members) is to provide leadership and maintain a system of governance so that the society achieves its mission and avoids unacceptable actions and situations. the "core board values" are: - good people doing good things - leadership - ethical with integrity - accountable to our members - now and for the future - equality of all members - respect and value relationships - serve and care for our members gleaner provides life, sickness, accident, and other benefits to its members. through 63 active arbors benevolent and fraternal acts are performed. coordination of members, orphan benefits, scholarships (through gleaner life insurance
Contact & location
Financial trends
Revenue declined from $109.6M (FY2013) to $45.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.1BNet assets $111.3M
Operating margin
-14.8%
Spent more than it raised in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$1.1B
Net assets
$111.3M
Salaries & benefits
$7.7M
15% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $45,019,132▼70.2% | $51,682,398▼66.3% | $111,346,759▼5.4% | $1,176,956,286▼12.3% | 990 |
| 2023 | $151,260,047▲24.9% | $153,497,565▲24.8% | $117,712,200▼1.4% | $1,342,342,571▲0.1% | 990 |
| 2022 | $121,126,278▲4.9% | $122,948,065▲5.2% | $119,342,009▲1.8% | $1,340,739,550▼4.4% | 990 |
| 2021 | $115,436,958▲9.1% | $116,915,564▲73.2% | $117,235,615▼6.1% | $1,402,937,886▲3.3% | 990 |
| 2020 | $105,834,938▼2.6% | $67,520,430▼24.7% | $124,861,550▲17.6% | $1,357,884,834▲6.3% | 990 |
| 2019 | $108,622,638▲8.3% | $89,639,207▼9.7% | $106,198,050▲12.3% | $1,277,561,985▲2.8% | 990 |
| 2018 | $100,331,864▼2.8% | $99,258,327▼0.4% | $94,605,173▲0.8% | $1,242,963,107▼3.3% | 990 |
| 2017 | $103,181,556▼5.1% | $99,692,115▼4.5% | $93,870,797▲3.4% | $1,285,147,174▼2.4% | 990 |
| 2016 | $108,680,389▲9.6% | $104,402,021▲9.7% | $90,779,043▲3.3% | $1,317,259,971▼1.2% | 990 |
| 2015 | $99,147,923▼3.2% | $95,213,782▼3.0% | $87,921,490▲3.4% | $1,332,942,696▼2.2% | 990 |
| 2014 | $102,384,358▼6.6% | $98,142,277▼8.7% | $85,027,409▲2.4% | $1,363,466,920▼3.8% | 990 |
| 2013 | $109,617,218 | $107,505,932▼32.5% | $83,067,253▲2.8% | $1,417,181,664▼1.4% | 990 |
| 2012 | — | $159,215,038▼25.3% | $80,808,535▼0.8% | $1,437,607,615▲2.0% | 990 |
| 2011 | — | $213,188,827▼28.5% | $81,498,416▼1.9% | $1,409,256,076▲6.9% | 990 |
| 2010 | — | $298,130,059 | $83,100,051 | $1,318,516,136 | 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 (FY2024)
Highest-paid: Kevin A Marti — $272,428 (0.53% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kevin A Marti | Former Pres. | 40 | $272,428 |
| Jaime Reynolds | Former Vp Co | 40 | $187,315 |
| Todd M Warner | President & | 40 | $158,718 |
| Anthony Clark | Former Pres. | 40 | $158,504 |
| Michael Stuart | Regional Sal | 40 | $156,378 |
| Deborah Elliott | Vp Chief Hr | 40 | $154,945 |
| Larry Weichel | Former Avp S | 40 | $147,473 |
| Andrew Ameling | Development | 40 | $146,142 |
| Judith Lawrence | Avp It Dev & | 40 | $142,634 |
| Dwain Arell Chapman | Vp Operation | 40 | $142,288 |
| Dawn Osborn | Avp Undw & N | 40 | $141,183 |
| Timothy Root | App Dev & Da | 40 | $132,996 |
| Joseph Baker | App Dev & Da | 40 | $132,882 |
| Michelle Zimmanck | Avp It Opera | 40 | $121,255 |
| David Oeffner | Senior Softw | — | $116,323 |
| Michael Pickerill | Former Reg S | 40 | $101,704 |
| Anthony Golden | Former Svp N | 40 | $100,630 |
| Amy Hawken | Avp Member S | 40 | $98,621 |
| David Pittman | Former Avp F | 40 | $89,864 |
| Margaret Ms Noe | Chair | 2 | $27,621 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Asset Allocation Management | Invest Advisor | $997,087 |
| Wouch Maloney & Co LLP | Financial Svcs | $664,120 |
| Jerome Cvach | Sales Rep | $267,095 |
| Cfd Investments | Sales Rep | $244,552 |
| Clark Hill Plc | Legal Services | $243,244 |
Grants received · $4.9M total
11 grants to Gleaner Life Insurance Society totaling $4.9M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gleaner Life Insurance Society | Mbr dues/other prgms | 2024 | $600,574 |
| Gleaner Life Insurance Society | Mbr dues/other prgms | 2023 | $591,457 |
| Gleaner Life Insurance Society | Mbr dues/other prgms | 2022 | $601,931 |
| Gleaner Life Insurance Society | Mbr dues/other prgms | 2021 | $550,679 |
| Gleaner Life Insurance Society | Mbr dues/other prgms | 2020 | $618,428 |
| Gleaner Life Insurance Society | Mbr dues/other prgms | 2019 | $640,432 |
| Gleaner Life Insurance Society | Mbr dues/other prgms | 2018 | $420,112 |
| Gleaner Life Insurance Society | Mbr dues/other prgms | 2017 | $564,226 |
| Gleaner Life Insurance Society | Mbr dues/other prgms | 2016 | $99,009 |
| Gleaner Life Insurance Society | Mbr dues/other prgms | 2015 | $105,609 |
| Gleaner Life Insurance Society | Mbr dues/other prgms | 2014 | $92,103 |
Grants made · $601K in FY2024
1 grant totaling $601K in FY2024. All grants made by Gleaner Life Insurance Society →
| Recipient | Purpose | Amount |
|---|---|---|
| Gleaner Life Insurance Society | Mbr dues/other prgms | $600,574 |
Frequently asked questions
- Is Gleaner Life Insurance Society a legitimate nonprofit?
- Yes. Gleaner Life Insurance Society is a 501(c)(8) organization registered with the U.S. Internal Revenue Service under EIN 38-0580730, based in Adrian, Michigan.
- What is Gleaner Life Insurance Society's EIN?
- Gleaner Life Insurance Society's Employer Identification Number (EIN) is 38-0580730.
- How much revenue does Gleaner Life Insurance Society report?
- Gleaner Life Insurance Society reported $45,019,132 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Gleaner Life Insurance Society's highest-paid employee make?
- The highest reported compensation on Gleaner Life Insurance Society's latest Form 990 is $272,428, paid to Kevin A Marti (Former Pres.).
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Data for Gleaner Life Insurance Society (EIN 38-0580730) 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.