Society of Actuaries
501(c)(3) Donations tax-deductible
92% goes to programs $0 to raise $100 Strong reserves
Society of Actuaries is a 501(c)(3) organization based in Chicago, Illinois, registered in 1952, with $3,542,693 in FY2024 revenue. CharityIndex grades it C, and it directs about 92% of spending to programs.
8770 W Bryn Mawr Ave Ste 1000, Chicago, IL, 60631 EIN 36-2136422 Since 1952
Revenue (FY2024)
$3.5M
▲ 151.3% vs prior year
Expenses (FY2024)
$7.1M
Net assets
$37.0M
Employees
188
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating92% to programs · $0 to raise $100
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. For Society of Actuaries: 92% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating62 mo reserves · -101% 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 Society of Actuaries: 62 mo reserves · -101% margin earns a F 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 Society of Actuaries: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Society of Actuaries: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Emphasizes the skillset and thought leadership of actuaries, and helps provide (see schedule o) insights to members, businesses, other stakeholders and the public on socially relevant topics.
What they do
Preliminary education: soa's examinations include core topics common to all actuarial disciplines to ensure that all soa members have broad knowledge of risk management and financial security issues that face businesses and individuals. candidates for soa membership also take exams that are specifically focused on a particular area of practice to ensure that they have the detailed knowledge to provide to the organizations and public the highest level of expertise in their chosen practice. this comprehensive and rigorous educational system develops actuaries who are able to deliver expertise with the high standards that meet the needs of individuals, commercial and public organizations and the public at large, relieving public or governmental organizations from having to provide such educational oversight.
Continuing education: the soa conducts various events and professional development opportunities to ensure continued professional growth and excellence for its members. soa members are required to meet a defined level of continuing education annually in order to maintain their credential. this requirement assures that all soa members, even those who initially earned their credential years earlier, stay current on the latest actuarial practices, knowledge and research - and the ever-evolving societal issues that require actuarial expertise. this lifelong learning supports actuaries as they provide expert advice and relevant solutions for financial, business and societal problems.
Soa research serves an important public and societal service by providing a valuable contribution to the body of knowledge in the various areas of actuarial science. this includes (but is not limited to) leading-edge research on retirement risks for individuals, the cost of healthcare and leading emerging risks for businesses. the soa also is the leading provider of experience studies, which are widely used by actuaries to develop financially secure insurance systems. many outputs of soa research are also referenced by policymakers for valuable background and insight as they develop legislation to meet public needs in relevant areas.
Contact & location
Financial trends
Revenue declined from $50.2M (FY2013) to $3.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.3MNet assets $37.0M
Operating margin
-101.0%
Spent more than it raised in the latest fiscal year.
Total assets
$41.4M
Total liabilities
$4.3M
Net assets
$37.0M
Salaries & benefits
$3.8M
54% of expenses
Board members
23
23 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,542,693▲151% | $7,122,191▼15.9% | $37,046,341▼4.9% | $41,388,060▼0.9% | 990 |
| 2023 | $1,409,837▲1300% | $8,464,023▲2.7% | $38,938,070▼6.1% | $41,743,339▼11.8% | 990 |
| 2022 | -$117,528▼104% | $8,244,591▲2.1% | $41,455,462▼26.8% | $47,336,513▼28.3% | 990 |
| 2021 | $3,256,481▼73.2% | $8,074,935▲8.3% | $56,601,216▼6.1% | $66,013,531▼12.8% | 990 |
| 2020 | $12,145,882▼80.2% | $7,456,537▼87.4% | $60,299,753▲10.2% | $75,725,864▼8.5% | 990 |
| 2019 | $61,400,983▼0.6% | $59,376,074▲3.4% | $54,731,615▲1.8% | $82,798,344▲11.6% | 990 |
| 2018 | $61,782,168▼0.6% | $57,444,659▲0.5% | $53,769,463▼2.5% | $74,200,668▼0.5% | 990 |
| 2017 | $62,168,027▲12.7% | $57,159,786▲4.3% | $55,174,478▲15.9% | $74,537,731▲14.0% | 990 |
| 2016 | $55,169,640▲3.9% | $54,822,654▲6.2% | $47,623,955▲2.7% | $65,364,520▲3.3% | 990 |
| 2015 | $53,082,751▲3.2% | $51,628,917▲8.0% | $46,353,711▲0.3% | $63,292,935▲1.2% | 990 |
| 2014 | $51,428,960▲2.5% | $47,820,295▲4.6% | $46,194,501▲8.4% | $62,573,337▲5.1% | 990 |
| 2013 | $50,153,217 | $45,732,576▲5.7% | $42,622,269▲14.5% | $59,542,626▲12.2% | 990 |
| 2012 | — | $43,276,551▲10.7% | $37,234,352▲10.6% | $53,082,871▲15.1% | 990 |
| 2011 | — | $39,085,566▲11.5% | $33,679,361▲7.8% | $46,123,560▲6.2% | 990 |
| 2010 | — | $35,061,771 | $31,243,438 | $43,424,870 | 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: Greg Heidrich — $761,837 (10.70% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Greg Heidrich | Ceo | 36 | $761,837 |
| Rose B Fealy | Coo/cfo | 36 | $495,957 |
| Ken Guthrie | Managing Director Education | 36 | $434,227 |
| R Dale Hall | Managing Director Research | 36 | $427,609 |
| Vicki Baue | General Counsel | 36 | $383,693 |
| Courtney Nashan | Managing Director Engagement | 36 | $363,268 |
| Joseph Wurzburger | Managing Director,strategy | 36 | $358,324 |
| Carla Carry | Managing Director, Marketing | 36 | $332,417 |
| Andrew Peterson | Managing Director International | 36 | $302,041 |
| Stuart Klugman | Sr. Staff Fellow | 36 | $301,323 |
| Alice Locatelli | Managing Director of Experience | 36 | $296,196 |
| Emily Kessler | Sr. Staff Fellow | 36 | $291,127 |
| Monika Mcguire | General Counsel | 36 | $289,849 |
| Tiffany Stamm | Sr. Director, Finance & Facilities | 36 | $264,185 |
| Timothy Moberly | Senior Director, Its | 36 | $246,700 |
| Amanda Hug | President | 1 | — |
| Daniel Pribe | Board Member | 1 | — |
| David Boettcher | Board Member | 1 | — |
| David Dillon | President-elect | 1 | — |
| David Ingram | Board Member | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ll Global | Research Consultant | $352,500 |
| Axene Health Partners | Health Consultant | $185,000 |
| Rjh Integrated Solutions LLC | Consultant | $132,624 |
| Rob Montgomery | Research Consultant | $126,951 |
| Risk & Regulatory Consulting LLC | Researcher | $110,000 |
Grants received · $1.6M total
6 grants to Society of Actuaries totaling $1.6M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Society of Actuaries Professional Association | Research grant & general support | 2024 | $417,436 |
| Society of Actuaries Professional Association | Research grant & general support | 2023 | $569,410 |
| Caresource | General support | 2023 | $20,000 |
| Society of Actuaries Professional Association | Research grant & general support | 2022 | $288,975 |
| Society of Actuaries Professional Association | Research grant | 2021 | $176,184 |
| Society of Actuaries Professional Association | Research grant | 2020 | $127,200 |
Grants made · $1.0M in FY2024
28 grants totaling $1.0M in FY2024 — showing the 15 largest. All grants made by Society of Actuaries →
| Recipient | Purpose | Amount |
|---|---|---|
| Milliman Inc | Research grant | $217,985 |
| Axene Health Partners LLC | Research grant | $125,000 |
| Risk & Regulatory Consulting | Research grant | $114,000 |
| Healthcare Analytics | Research grant | $60,000 |
| Pricewaterhousecoopers | Research grant | $50,000 |
| Vickie L Bajtelsmit Consulting LLC | Research grant | $39,900 |
| Actuarial Research Corporation | Research grant | $38,000 |
| Regents of the University of California | Research grant | $35,056 |
| Trustees of Purdue University | Research grant | $34,000 |
| Rudolph Financial Consulting LLC | Research grant | $33,000 |
| Deloitte Consulting LLP | Research grant | $33,000 |
| Logica Research | Research grant | $32,000 |
| R A Guzzo LLC | Research grant | $26,000 |
| Riscal Consulting LLC | Research grant | $25,771 |
| Scor Global Life | Research grant | $24,000 |
Frequently asked questions
- Is Society of Actuaries a legitimate nonprofit?
- Yes. Society of Actuaries is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-2136422, based in Chicago, Illinois. Donations are tax-deductible.
- What is Society of Actuaries's EIN?
- Society of Actuaries's Employer Identification Number (EIN) is 36-2136422.
- How much revenue does Society of Actuaries report?
- Society of Actuaries reported $3,542,693 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Society of Actuaries's spending goes to programs?
- Society of Actuaries spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Society of Actuaries have?
- CharityIndex grades Society of Actuaries C, based on program efficiency and fundraising cost.
- How much does Society of Actuaries's highest-paid employee make?
- The highest reported compensation on Society of Actuaries's latest Form 990 is $761,837, paid to Greg Heidrich (Ceo).
More nonprofits in Chicago
Explore more
Data for Society of Actuaries (EIN 36-2136422) 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.