Navy Mutual Aid Association
Only null% goes to programs Strong reserves
Navy Mutual Aid Association is a 501(c)(23) organization based in City of Arlingto, Virginia, registered in 1942, with $284,879,145 in FY2024 revenue. CharityIndex grades it A.
29 Carpenter Rd, City of Arlingto, VA, 22212 EIN 53-0116720 Since 1942
Revenue (FY2024)
$284.9M
▼ 8.6% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$280.1M
Net assets
$315.5M
Employees
148
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 Navy 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 →
AFinancial health25% of the rating14 mo reserves · +2% 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 Navy Mutual Aid Association: 14 mo reserves · +2% margin earns a A 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 Navy 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 Navy Mutual Aid Association: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
And form 990, part iii, line 1:to provide members of the navy, marines, coast guard, national oceanic and atmospheric administration,public health service, and honorably discharged veterans (collectively the "sea services") life insurance at as near the actual net cost as possible, assist members of the sea services and other uniformed personnel and their families in securing federal benefits to which they may be legally entitled, and advise and educate uniformed personnel and their families on matters of financial security.
What they do
As a federally recognized veterans service organization, navy mutual presents educational programs to members of the uniformed services and their families to assist them in understanding military survivor benefits. further, under opnav instruction 1750.5a, navy mutual is designated as an approved educator of the survivor benefit program and navy mutual's role, as an authorized non-profit organization, extends to providing financial literacy education and training on dod installations nationwide and overseas in accordance with dod instruction 1322.34. these services are in support of the financial readiness of service members and provided at no cost to the dod.
As a federally recognized veterans service organization, navy mutual provides beneficiary assistance and counseling to assist members' survivors through the death process and to help secure the federal benefits to which they may be entitled, including representation before the veterans benefits administration and board of veterans' appeals.
Contact & location
- Address
- 29 Carpenter Rd, City of Arlingto, VA, 22212
- City
- City of Arlingto
- State
- Virginia
- Category
- Public & Societal Benefit
- Subcategory
- Military & Veterans Organizations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $253.1M (FY2013) to $284.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.0BNet assets $315.5M
Operating margin
1.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.3B
Total liabilities
$3.0B
Net assets
$315.5M
Salaries & benefits
$22.6M
8% of expenses
Board members
14
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $284,879,145▼8.6% | $280,136,104▼11.8% | $315,467,009▲1.3% | $3,341,207,802▲0.9% | 990 |
| 2023 | $311,762,010▲3.0% | $317,606,151▲6.5% | $311,523,766▼9.7% | $3,312,205,022▲0.4% | 990 |
| 2022 | $302,645,360▲19.8% | $298,110,759▲23.2% | $345,032,768▼1.2% | $3,300,429,651▲1.0% | 990 |
| 2021 | $252,544,818▼1.0% | $241,942,435▼3.0% | $349,136,197▲7.5% | $3,268,377,418▲0.7% | 990 |
| 2020 | $255,120,080▼0.2% | $249,394,879▲0.3% | $324,629,292▲2.3% | $3,244,413,996▲1.9% | 990 |
| 2019 | $255,614,699▲2.2% | $248,600,100▼0.1% | $317,273,885▲3.4% | $3,184,755,036▲1.9% | 990 |
| 2018 | $250,230,031▼3.4% | $248,840,732 | $306,821,351▲0.9% | $3,124,123,706▲1.5% | 990 |
| 2017 | $259,115,626▲2.7% | $248,728,952▲5.6% | $304,205,760▲7.7% | $3,076,919,282▲2.4% | 990 |
| 2016 | $252,271,084▼9.8% | $235,593,661▼2.2% | $282,420,606▲6.4% | $3,003,952,104▲2.7% | 990 |
| 2015 | $279,717,085▲11.6% | $240,998,240▲0.1% | $265,502,601▲5.5% | $2,925,614,194▲2.7% | 990 |
| 2014 | $250,613,872▼1.0% | $240,673,242▲7.9% | $251,740,648▲9.2% | $2,848,318,132▲2.5% | 990 |
| 2013 | $253,112,277 | $223,023,690▲1.8% | $230,602,503▲18.2% | $2,779,441,493▲3.1% | 990 |
| 2012 | — | $219,125,939▼10.4% | $195,175,551▼2.1% | $2,696,874,214▲0.6% | 990 |
| 2011 | — | $244,665,313▲4.5% | $199,337,146▲4.2% | $2,681,325,206▲4.3% | 990 |
| 2010 | — | $234,054,997 | $191,325,424 | $2,571,859,432 | 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: Rdml Brian Luther Usn Ret — $886,154 (0.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Rdml Brian Luther Usn Ret | President & Ceo | 40 | $886,154 |
| James Maltese | Senior Vp, Investments | 40 | $488,896 |
| Adam Mullins | Chief Fianancial Officer | 40 | $471,582 |
| Michelle Ramos Domingue | General Counsel | 40 | $394,734 |
| Peter Meyers | Vp, Solutions & Technology | 40 | $381,834 |
| Lindsay Mcfarland | Vp, Member Services | 40 | $353,890 |
| Frederick Molen | Director, Actuary | 40 | $328,990 |
| Brandon Smithhart | Director, Underwriting | 40 | $238,325 |
| Weihong Li | Actuary | 40 | $235,417 |
| Donald Nisbett | Director, Military Affairs & Facilities | 40 | $233,411 |
| Billie Divver | Senior Sales Representative | 40 | $224,416 |
| Capt Anthony Cooper | Director | 1 | — |
| Capt Brenda K Malone | Director (incoming 2024) | 1 | — |
| Capt Gary A Rogeness | Director | 1 | — |
| Capt Heidi A Fleming | Director | 1 | — |
| Capt Nita Sood | Director (outgoing 2024) | 1 | — |
| Capt Reggie Howard | Director | 1 | — |
| Capt Robert W Warren | Director | 1 | — |
| Eric Candelori | Director | 1 | — |
| Lt Gen Robert Walsh | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| The Life & Annuity Group Inc | Consulting Services | $3,714,372 |
| Accenture Intl Ltd | It Services | $1,203,175 |
| Calcfocus LLC | It Services | $710,800 |
| Merakata Inc | Consulting Services | $533,064 |
| Sureify Labs Inc | It Services | $496,331 |
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Compare Navy Mutual Aid Association
Frequently asked questions
- Is Navy Mutual Aid Association a legitimate nonprofit?
- Yes. Navy Mutual Aid Association is a 501(c)(23) organization registered with the U.S. Internal Revenue Service under EIN 53-0116720, based in City of Arlingto, Virginia.
- What is Navy Mutual Aid Association's EIN?
- Navy Mutual Aid Association's Employer Identification Number (EIN) is 53-0116720.
- How much revenue does Navy Mutual Aid Association report?
- Navy Mutual Aid Association reported $284,879,145 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Navy Mutual Aid Association have?
- CharityIndex grades Navy Mutual Aid Association A, based on financial health (reserves and operating margin).
- How much does Navy Mutual Aid Association's highest-paid employee make?
- The highest reported compensation on Navy Mutual Aid Association's latest Form 990 is $886,154, paid to Rdml Brian Luther Usn Ret (President & Ceo).
Explore more
Data for Navy Mutual Aid Association (EIN 53-0116720) 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.