Civic Intelligence

American Fraternal Alliance

EIN 36-1522820 • 501(c)6 • Indianapolis, IN

Profile

The american fraternal alliance strengthens and supports its members and the fraternal benefit sector of the financial services industry by its leadership in advocacy, policy, information, education and member services.

PO Box 68700Indianapolis, IN 46268

fraternalalliance.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.02x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.03x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$304,831

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

50th percentile

5.3%

Faster asset growth than 50% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

4.7%

Faster revenue growth than 47% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,525,945

Up $716,105 (+25%) from 2021

Liabilities

Up

$65,520

Up $23,708 (+57%) from 2021

Net Assets

Up

$3,460,425

Up $692,397 (+25%) from 2021

Revenue

Up

$1,981,997

Up $181,353 (+10%) from 2021

Expenses

Up

$1,759,982

Up $569,308 (+48%) from 2021

Net Income

Down

$222,015

Down $387,955 (-64%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $3,282,296Liabilities 2017: $1,330,531Net Assets 2017: $1,951,7652017Assets 2019: $3,161,414Liabilities 2019: $825,877Net Assets 2019: $2,335,5372019Assets 2020: $2,433,322Liabilities 2020: $178,814Net Assets 2020: $2,254,5082020Assets 2021: $2,809,840Liabilities 2021: $41,812Net Assets 2021: $2,768,0282021Assets 2024: $3,525,945Liabilities 2024: $65,520Net Assets 2024: $3,460,4252024

Highlighted filing

2024

Assets$3,525,945
Liabilities$65,520
Net Assets$3,460,425

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $2,619,214Expenses 2017: $2,525,268Net Income 2017: $93,9462017Revenue 2019: $1,758,373Expenses 2019: $1,971,704Net Income 2019: -$213,3312019Revenue 2020: $1,037,844Expenses 2020: $1,122,064Net Income 2020: -$84,2202020Revenue 2021: $1,800,644Expenses 2021: $1,190,674Net Income 2021: $609,9702021Revenue 2024: $1,981,997Expenses 2024: $1,759,982Net Income 2024: $222,0152024

Highlighted filing

2024

Revenue$1,981,997
Expenses$1,759,982
Net Income$222,015

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 18, 2025
Return Version
2024v5.0
Gross Receipts
$1,981,997
Mission and Program Overview

Mission

The american fraternal alliance strengthens and supports its members and the fraternal benefit sector of the financial services industry by its leadership in advocacy, policy, information, education and member services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,949,532$2,094,556▲ $145,024
Savings and Temporary Cash Investments$1,292,195$1,381,465▲ $89,270
Prepaid Expenses and Deferred Charges$20,862$22,106▲ $1,244
Accounts Receivable$23,213$19,320▼ $3,893
Cash and Non-Interest-Bearing Accounts$58,977$4,476▼ $54,501
Land, Buildings, and Equipment, Net$3,477$4,022▲ $545
Total Assets$3,348,256$3,525,945▲ $177,689
Liabilities
Accounts Payable and Accrued Expenses$60,704$51,250▼ $9,454
Deferred Revenue$121,470$14,270▼ $107,200
Total Liabilities$182,174$65,520▼ $116,654
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,949,532$2,094,556▲ $145,024
Net Assets Without Donor Restrictions$1,216,550$1,365,869▲ $149,319
Total Net Assets Fund Balance$3,166,082$3,460,425▲ $294,343
Total Liabilities and Net Assets / Fund Balance$3,348,256$3,525,945▲ $177,689

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,022$34,115$38,137

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,949,532-▲ $228,857-$2,094,556
2023$1,757,792-▲ $208,732-$1,949,532
2022$2,000,373-▼ $241,689-$1,757,792
2021$1,915,139-▲ $90,449-$2,000,373
2020$1,865,873-▲ $56,961-$1,915,139
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Allison KoppelCEOFT$255,374$49,457$304,831

Board Members and Trustees

NameTitle
Christopher MartinChair
Sharon BrosnanVice Chair
Bill HuntDirector
Gregory TempleDirector
John BorgenDirector
Les BohnertDirector
Mike AhlesDirector
Nicholas BenoitDirector
Rene ZaninDirector
Theresa KluchinskiDirector
Tim SaccocciaDirector
John SharpSecretary-tr

Highest Paid Contractors

ContractorServicesLocationCompensation
Namic Service CorporationManagement3601 VINCENNES ROAD, Indianapolis, IN 46268$383,306
Capitol Counsel LLCLobbying Suprt700 13TH STREET NW 2ND FL, Washington, DC 20005$198,714
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,746,192
Investment Income
$160,805
Other Revenue
$75,000
Change in Net Assets
$222,015

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,976,847
Revenue Not Reported on Financial Statements
$5,150
Revenue Not Reported on Form 990
$72,328
Total Revenue per Audited Statements
$2,049,175
Total Revenue per Form 990
$1,981,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,017,846
Salaries, Compensation, and Employee Benefits$742,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$325,277
Fees for Services Management---$323,609
Current Officers, Directors, Trustees, and Key Employees---$293,817
Fees for Services Lobbying---$232,892
Conferences and Meetings---$140,331
Other Employee Benefits---$61,552
Travel---$60,060
Information Technology---$50,990
Payroll Taxes---$39,425
Advertising---$26,383
Pension Plan Contributions---$22,065
Fees for Services Accounting---$18,635
Fees for Services Other---$13,730
Office Expenses---$7,505
Fees for Services Legal---$7,118
Insurance---$6,739
Fees for Service Investment Mgmnt Fees---$5,150
Depreciation Depletion---$1,438
Other Expenses---$810
Total Functional Expenses$0$0$0$1,759,982

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,759,982
Expenses per Audited Statements$1,754,832
Total Expenses per Audited Statements$1,754,832
Expenses Not Reported on Financial Statements$5,150
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Membership consists of member societies in the united states and canada and associate members. Associate members do not have voting rights, but do participate in educational and other activities.

Form 990, Page 6, Part VI, Line 7A

Each member society may designate one individual member in attendance at the annual meeting to represent the member society as its official delegate. Delegates shall be entitled to one vote each if in attendance and present at the time of the vote. No person shall be a delegate for more than one member society.

Form 990, Page 6, Part VI, Line 11B

The alliance board of directors review and approve a draft of the 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

Board members update and disclose any conflicts of interest annually.

Form 990, Page 6, Part VI, Line 15A

The performance of the ceo is reviewed quarterly, culminating in a written annual review. The annual review measures performance against the strategic plan and defined ceo leadership performance goals. The executive committee, comprised of officers of the board of directors, makes a recommendation to the board who authorize compensation moving forward.

Form 990, Page 6, Part VI, Line 15B

The compensation process of other key employees is reviewed and determined as a result of comparable compensation analyses.

Form 990, Page 6, Part VI, Line 19

All governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
American Fraternal Alliance
EIN
36-1522820
Phone
6305226322
Address
PO BOX 68700, INDIANAPOLIS, IN 46268

Signing Officer

Name
Allison Koppel
Title
CEO
Phone
6305226322
Signed
2025-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allison Koppel
Formed
1886
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
4
Volunteers
12

Preparer

Firm
L M Henderson & Company Llp
Address
450 E 96TH ST STE 200, INDIANAPOLIS, IN 46240-3797
Preparer
James J Cline
Phone
3175661000
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has been determined to be exempt from income taxes under section 501(c)(6) of the internal revenue code for all business income related to its exempt purpose. The organization is required to pay federal and state income taxes on its net unrelated business income. The organization had no unrelated business income for the years ended december 31, 2024 and december 31, 2023. Management evaluates all tax positions taken or expected to be taken on its annual information returns, including the position that the organization continues to qualify to be treated as a section 501(c)(6) organization for both federal and state purposes. For the years ended december 31, 2024 and december 31, 2023, management does not feel it has taken any tax positions that would not be sustained under examination. Therefore, no interest or penalties have been accrued or charged to expense as of december 31, 2024 and december 31, 2023, of the periods then ended. The annual information returns for the organization are subject to examination by taxing authorities for a period of three years from the date they are filed.

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ALLIANCE CONDUCTED ITS SPRING SYMPOSIUM, EXECUTIVE SUMMIT, THREE LUNCH AND LEARN ROUNDTABLES, FRATERNAL CAREER DEVELOPMENT PROGRAM AND A NUMBER OF WEBINARS THROUGHOUT THE YEAR. THESE EDUCATIONAL OPPORTUNITIES WERE DESIGNED FOR ALL LEVELS OF FRATERNAL STAFF AND LEADERSHIP. ATTENDEE FEEDBACK WAS POSITIVE.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ALLIANCE CONTINUED ITS FOCUS ON COLLABORATION AND ITS PARTNERSHIP WITH OTHER TRADE ASSOCIATIONS TO BRING AFFORDABLE CONTENT AND EDUCATION TO ITS MEMBERS THROUGHOUT THE YEAR BOTH THROUGH IN PERSON EVENTS AND VIRTUAL OPPORTUNITIES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS BEEN DETERMINED TO BE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE FOR ALL BUSINESS INCOME RELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION IS REQUIRED TO PAY FEDERAL AND STATE INCOME TAXES ON ITS NET UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023. MANAGEMENT EVALUATES ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON ITS ANNUAL INFORMATION RETURNS, INCLUDING THE POSITION THAT THE ORGANIZATION CONTINUES TO QUALIFY TO BE TREATED AS A SECTION 501(C)(6) ORGANIZATION FOR BOTH FEDERAL AND STATE PURPOSES. FOR THE YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023, MANAGEMENT DOES NOT FEEL IT HAS TAKEN ANY TAX POSITIONS THAT WOULD NOT BE SUSTAINED UNDER EXAMINATION. THEREFORE, NO INTEREST OR PENALTIES HAVE BEEN ACCRUED OR CHARGED TO EXPENSE AS OF DECEMBER 31, 2024 AND DECEMBER 31, 2023, OF THE PERIODS THEN ENDED. THE ANNUAL INFORMATION RETURNS FOR THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ALLISON KOPPEL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP CONSISTS OF MEMBER SOCIETIES IN THE UNITED STATES AND CANADA AND ASSOCIATE MEMBERS. ASSOCIATE MEMBERS DO NOT HAVE VOTING RIGHTS, BUT DO PARTICIPATE IN EDUCATIONAL AND OTHER ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER SOCIETY MAY DESIGNATE ONE INDIVIDUAL MEMBER IN ATTENDANCE AT THE ANNUAL MEETING TO REPRESENT THE MEMBER SOCIETY AS ITS OFFICIAL DELEGATE. DELEGATES SHALL BE ENTITLED TO ONE VOTE EACH IF IN ATTENDANCE AND PRESENT AT THE TIME OF THE VOTE. NO PERSON SHALL BE A DELEGATE FOR MORE THAN ONE MEMBER SOCIETY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ALLIANCE BOARD OF DIRECTORS REVIEW AND APPROVE A DRAFT OF THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS UPDATE AND DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PERFORMANCE OF THE CEO IS REVIEWED QUARTERLY, CULMINATING IN A WRITTEN ANNUAL REVIEW. THE ANNUAL REVIEW MEASURES PERFORMANCE AGAINST THE STRATEGIC PLAN AND DEFINED CEO LEADERSHIP PERFORMANCE GOALS. THE EXECUTIVE COMMITTEE, COMPRISED OF OFFICERS OF THE BOARD OF DIRECTORS, MAKES A RECOMMENDATION TO THE BOARD WHO AUTHORIZE COMPENSATION MOVING FORWARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPENSATION PROCESS OF OTHER KEY EMPLOYEES IS REVIEWED AND DETERMINED AS A RESULT OF COMPARABLE COMPENSATION ANALYSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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