Civic Intelligence

Catholic Fraternal Life

EIN 36-2201108 • 501(c)8 • Belleville, IL

Profile

Promoting belief and trust in god; giving members courteous, caring and prompt service; servicing the catholic community through a variety of fraternal programs that encourage member participation; providing security for members and their families with financially sound insurance products.

PO Box 327Belleville, IL 62222-0327

www.cfllife.org

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.94x

Higher debt load relative to assets than 92% of similar nonprofits.

$100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

4.90x

Higher debt load relative to revenue than 89% of similar nonprofits.

$100M-$250M nonprofits • Source year 2024

Net Margin

43rd percentile

3.0%

Higher net margin than 43% of similar nonprofits.

$100M-$250M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$193,770

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

$100M-$250M nonprofits • Source year 2024

Asset Growth

48th percentile

4.9%

Faster asset growth than 48% of similar nonprofits.

$100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

19%

Faster revenue growth than 70% of similar nonprofits.

$100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$211,595,467

Up $9,860,670 (+4.9%) from 2023

Liabilities

Up

$198,834,410

Up $9,323,727 (+4.9%) from 2023

Net Assets

Up

$12,761,057

Up $536,943 (+4.4%) from 2023

Revenue

Up

$40,560,894

Up $6,461,327 (+19%) from 2023

Expenses

Up

$39,349,506

Up $7,371,901 (+23%) from 2023

Net Income

Down

$1,211,388

Down $910,574 (-43%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $101,889,816Liabilities 2010: $93,178,449Net Assets 2010: $8,711,3672010Assets 2011: $110,407,110Liabilities 2011: $103,038,141Net Assets 2011: $7,368,9692011Assets 2012: $120,292,828Liabilities 2012: $113,973,037Net Assets 2012: $6,319,7912012Assets 2013: $126,680,177Liabilities 2013: $122,241,689Net Assets 2013: $4,438,4882013Assets 2014: $132,022,342Liabilities 2014: $127,627,590Net Assets 2014: $4,394,7522014Assets 2015: $135,805,187Liabilities 2015: $130,796,269Net Assets 2015: $5,008,9182015Assets 2016: $142,172,859Liabilities 2016: $136,651,021Net Assets 2016: $5,521,8382016Assets 2017: $147,373,017Liabilities 2017: $141,396,707Net Assets 2017: $5,976,3102017Assets 2018: $151,444,729Liabilities 2018: $144,955,897Net Assets 2018: $6,488,8322018Assets 2019: $161,100,315Liabilities 2019: $153,508,360Net Assets 2019: $7,591,9552019Assets 2020: $169,149,996Liabilities 2020: $161,266,815Net Assets 2020: $7,883,1812020Assets 2021: $181,583,154Liabilities 2021: $172,454,996Net Assets 2021: $9,128,1582021Assets 2022: $195,708,041Liabilities 2022: $185,750,112Net Assets 2022: $9,957,9292022Assets 2023: $201,734,797Liabilities 2023: $189,510,683Net Assets 2023: $12,224,1142023Assets 2024: $211,595,467Liabilities 2024: $198,834,410Net Assets 2024: $12,761,0572024

Highlighted filing

2024

Assets$211,595,467
Liabilities$198,834,410
Net Assets$12,761,057

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $21,703,0102010Expenses 2011: $24,449,6862011Expenses 2012: $26,737,5202012Revenue 2013: $23,966,022Expenses 2013: $24,747,883Net Income 2013: -$781,8612013Revenue 2014: $22,679,024Expenses 2014: $22,851,082Net Income 2014: -$172,0582014Revenue 2015: $21,972,485Expenses 2015: $21,352,575Net Income 2015: $619,9102015Revenue 2016: $25,712,980Expenses 2016: $25,113,677Net Income 2016: $599,3032016Revenue 2017: $23,135,064Expenses 2017: $22,585,663Net Income 2017: $549,4012017Revenue 2018: $23,362,939Expenses 2018: $22,704,113Net Income 2018: $658,8262018Revenue 2019: $27,997,659Expenses 2019: $26,708,944Net Income 2019: $1,288,7152019Revenue 2020: $28,920,933Expenses 2020: $28,793,112Net Income 2020: $127,8212020Revenue 2021: $35,335,313Expenses 2021: $34,078,517Net Income 2021: $1,256,7962021Revenue 2022: $37,274,607Expenses 2022: $36,463,320Net Income 2022: $811,2872022Revenue 2023: $34,099,567Expenses 2023: $31,977,605Net Income 2023: $2,121,9622023Revenue 2024: $40,560,894Expenses 2024: $39,349,506Net Income 2024: $1,211,3882024

Highlighted filing

2024

Revenue$40,560,894
Expenses$39,349,506
Net Income$1,211,388

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$212$199$12.8$40.6$39.3$1.21
2023Detailed filing. Detailed filing data is available for this year.$202$190$12.2$34.1$32.0$2.12
2022Detailed filing. Detailed filing data is available for this year.$196$186$9.96$37.3$36.5$0.81
2021Detailed filing. Detailed filing data is available for this year.$182$172$9.13$35.3$34.1$1.26
2020Detailed filing. Detailed filing data is available for this year.$169$161$7.88$28.9$28.8$0.13
2019Detailed filing. Detailed filing data is available for this year.$161$154$7.59$28.0$26.7$1.29
2018Detailed filing. Detailed filing data is available for this year.$151$145$6.49$23.4$22.7$0.66
2017Detailed filing. Detailed filing data is available for this year.$147$141$5.98$23.1$22.6$0.55
2016Detailed filing. Detailed filing data is available for this year.$142$137$5.52$25.7$25.1$0.60
2015Detailed filing. Detailed filing data is available for this year.$136$131$5.01$22.0$21.4$0.62
2014Detailed filing. Detailed filing data is available for this year.$132$128$4.39$22.7$22.9$0.17
2013Detailed filing. Detailed filing data is available for this year.$127$122$4.44$24.0$24.7$0.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$120$114$6.32$26.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$110$103$7.37$24.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$93.2$8.71$21.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 1, 2025
Return Version
2024v5.1
Gross Receipts
$59,891,377
Mission and Program Overview

Mission

Promoting belief & trust in god; giving members courteous, caring & prompt service; servicing the catholic community through a variety of fraternal programs that encourage member participation; providing security for members and their families with financially sound insurance products.

Promoting belief and trust in god; giving members courteous, caring, and prompt service; and servicing catholic community through a variety of fraternal programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$179,034,399$179,795,470▲ $761,071
Investments Program Related$15,523,698$22,227,510▲ $6,703,812
Cash and Non-Interest-Bearing Accounts$4,796,324$7,259,946▲ $2,463,622
Land, Buildings, and Equipment, Net$159,430$207,583▲ $48,153
Accounts Receivable$156,257$3,750▼ $152,507
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Loans From Officers Directors-$0-
Total Assets$201,734,797$211,595,467▲ $9,860,670
Other Assets Total$2,064,689$2,101,208▲ $36,519
Liabilities
Other Liabilities$189,325,414$198,598,715▲ $9,273,301
Accounts Payable and Accrued Expenses$185,269$235,695▲ $50,426
Total Liabilities$189,510,683$198,834,410▲ $9,323,727
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,224,114$12,761,057▲ $536,943
Total Net Assets Fund Balance$12,224,114$12,761,057▲ $536,943
Total Liabilities and Net Assets / Fund Balance$201,734,797$211,595,467▲ $9,860,670

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$122,001$715,197$837,198
Equipment$0$301,478$301,478
Land$85,582-$85,582
Investment Program Related Org$1,470,468--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sandra H BouchardPresident/CEOFT$183,117$10,653$193,770
Michelle HankinsonPreneed Regional DirectorFT$142,417$12,930$155,347
Mark KombrinkProgrammerFT$113,384$17,283$130,667
Craig LiadisPreneed Regional DirectorFT$114,089$9,026$123,115
Darlene RussellPreneed Regional DirectorFT$111,534$6,264$117,798
Whitney E MeyerTreasurerFT$89,479$7,895$97,374
Lisa A BrauerCorporate SecretaryFT$64,866$9,963$74,829
Melvin F WeckChairman of the BoardPT$10,200-$10,200
B Carson HempenVice Chairman of the Board-$7,200-$7,200
Brian FlynnDirector-$7,100-$7,100
Geralyn StockDirector-$7,000-$7,000
Michael S JacksonDirector-$6,200-$6,200
Joseph Timmermann JrDirector-$5,700-$5,700
James J HopperRecording Secretary-$5,500-$5,500

Highest Paid Contractors

ContractorServicesLocationCompensation
AQS Asset Management LLCInvestment Manager5806 Mesa Dr Ste 220, Austin, TX 78731$173,563
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$40,394,371
Investment Income
$166,523
Other Revenue
$0
Change in Net Assets
$1,211,388

Audited Revenue Reconciliation

Revenue per Audited Statements
$40,560,894
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$40,560,894
Total Revenue per Form 990
$40,560,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,734,527
Salaries, Compensation, and Employee Benefits$2,072,709
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$34,542,270
Comp Disqual Persons---$1,121,616
Current Officers, Directors, Trustees, and Key Employees---$414,873
Other Employee Benefits---$352,049
Fees for Service Investment Mgmnt Fees---$267,215
Insurance---$180,991
Fees for Services Accounting---$163,829
Advertising---$146,014
Payroll Taxes---$126,767
Office Expenses---$125,456
Other Expenses---$102,741
Fees for Services Management---$72,860
Fees for Services Other---$68,230
Conferences and Meetings---$59,822
Pension Plan Contributions---$57,404
Fees for Services Legal---$54,746
Depreciation Depletion---$35,778
Travel---$4,031
Occupancy---$3,280
Total Functional Expenses$0$0$0$39,349,506

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$39,349,506
Total Expenses per Audited Statements$39,349,506
Total Expenses per Form 990$39,349,506
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$193,124,626
Reserves$2,774,665
Contracts$2,699,424
Other Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3 Delegation of management duties

The investments are managed by an outside company with approvals from the board of directors pursuant to an agreement with the illinois department of insurance.

Form 990, Part VI, Line 6 Classes of members or stockholders

The organization has more than 30,000 members. You must have a policy to be a member.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The members elect delegates who then have the authority to vote on any changes to the by-laws.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

The members select delegates every 4 years. The delegates have the duty to make any changes to the constitutional bylaws.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The organization engages an independent accounting firm to prepare form 990. Once prepared, the president/ceo and treasurer review the return and then present to the board of directors prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

Every year all officers and directors complete written statements of conflict of interest. Directors are required to disclose actual or potential conflict of interest in any transaction for cfl that involves themselves or members of their immediate families. A summary of all the answers from the questionnaire is sent to the directors for review and any relationships are assessed to ensure they are in compliance with the policy. Potential matters under the policy are escalated and reviewed by the board chairman and the president. Directors with any disclosed conflict must refrain from using personal influence in the matter and will recuse themselves from any discussions and/or voting on the matter.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The board reviews compensation annually to determine the compensation of the president/ceo. The compensation review process was last completed in 2024.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

The compensation review for key employees is performed by the president/ceo annually.

Form 990, Part VI, Line 19 Required documents available to the public

The governing documents, conflict of interest policy, and financial statements are available by approved request.

Filing and Contact Details

Filer

Filer Name
Catholic Fraternal Life
EIN
36-2201108
Phone
6182330286
Address
PO BOX 327, BELLEVILLE, IL 62222-0327

Signing Officer

Name
Sandra H Bouchard
Title
President/CEO
Phone
6182330286
Signed
2025-10-01
Discuss with paid preparer
Yes

Organization Details

Formed
1915
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
7
Employees
20
Volunteers
10

Preparer

Firm
Forvis Mazars LLP
Address
111 E Wayne Street Suite 600, Fort Wayne, IN 46802
Preparer
Lauren Denton
Phone
2604604000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Nonadmitted assets - -302858; asset valuation reserve - -249644;

Financial Statement Notes

Schedule D, Part X, Line 2 ASC 740 FOOTNOTE

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990/Form990PartVIISectionAGrp/PersonNm8Lisa A Brauer
IRS990/Form990PartVIISectionAGrp/PersonNm9Whitney E Meyer
IRS990/Form990PartVIISectionAGrp/PersonNm10Craig Liadis
IRS990/Form990PartVIISectionAGrp/PersonNm11Darlene Russell
IRS990/Form990PartVIISectionAGrp/PersonNm12Mark Kombrink
IRS990/Form990PartVIISectionAGrp/PersonNm13Michelle Hankinson
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Recording Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chairman of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Corporate Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Preneed Regional Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Preneed Regional Director
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IRS990/MissionDesc0PROMOTING BELIEF AND TRUST IN GOD; GIVING MEMBERS COURTEOUS, CARING AND PROMPT SERVICE; SERVICING THE CATHOLIC COMMUNITY THROUGH A VARIETY OF FRATERNAL PROGRAMS THAT ENCOURAGE MEMBER PARTICIPATION; PROVIDING SECURITY FOR MEMBERS AND THEIR FAMILIES WITH FINANCIALLY SOUND INSURANCE PRODUCTS.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal Income Taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESERVES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 ASC 740 FOOTNOTE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Sandra H Bouchard
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Michelle Hankinson
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President/CEO
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