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Nonprofiteer
← AMERICAN JOURNEY FINANCIAL LIFE

Form 990 for tax year 2025

Filed by AMERICAN JOURNEY FINANCIAL LIFE.

Totals

Total revenue
$21,905,276
Total expenses
$18,145,447
Contributions and grants received
$0
Grants paid
$279,353
Program service revenue
$11,866,001
Investment income
$9,798,623
Other revenue
$240,652
Total assets, end of year
$222,384,042
Total liabilities, end of year
$143,570,640
Net assets or fund balances, end of year
$78,813,402
Program services expenses (Part IX)
$18,145,447
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$18,145,447

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2f · All other program service revenue

    total $11,866,001 · related or exempt $11,866,001 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $9,065,354 · related or exempt $9,065,354 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $733,269 · related or exempt $733,269 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $240,652 · related or exempt $240,652 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $240,652

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $279,353 · program services $279,353

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $11,629,594 · program services $11,629,594

  • 5 · Compensation of officers, directors and key employees

    total $818,635 · program services $818,635

  • 6 · Compensation of disqualified persons

    total $2,001,489 · program services $2,001,489

  • 7 · Other salaries and wages

    total $0 · program services $0

  • 8 · Pension plan contributions

    total $231,817 · program services $231,817

  • 9 · Other employee benefits

    total $1,054,186 · program services $1,054,186

  • 10 · Payroll taxes

    total $143,959 · program services $143,959

  • 11a · Fees: management

    total $0 · program services $0

  • 11b · Fees: legal

    total $69,332 · program services $69,332

  • 11c · Fees: accounting

    total $72,909 · program services $72,909

  • 11d · Fees: lobbying

    total $0 · program services $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $349,537 · program services $349,537

  • 11g · Fees: other

    total $352,698 · program services $352,698

  • 12 · Advertising and promotion

    total $96,715 · program services $96,715

  • 13 · Office expenses

    total $142,893 · program services $142,893

  • 14 · Information technology

    total $306,116 · program services $306,116

  • 15 · Royalties

    total $0 · program services $0

  • 16 · Occupancy

    total $138,251 · program services $138,251

  • 17 · Travel

    total $149,058 · program services $149,058

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0

  • 19 · Conferences, conventions and meetings

    total $129,946 · program services $129,946

  • 20 · Interest

    total $0 · program services $0

  • 21 · Payments to affiliates

    total $0 · program services $0

  • 22 · Depreciation, depletion and amortization

    total $33,297 · program services $33,297

  • 23 · Insurance

    total $101,595 · program services $101,595

  • 24a · Other expenses: Miscellaneous Expense

    total $708 · program services $708 · management and general $0 · fundraising $0

  • 24b · Other expenses: Charitable Donations

    total $12,401 · program services $12,401 · management and general $0 · fundraising $0

  • 24c · Other expenses: Filing Fees

    total $29,989 · program services $29,989 · management and general $0 · fundraising $0

  • 24d · Other expenses: IRS Penalty

    total $969 · program services $969 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$60,880 · end of year -$69,351

  • 2 · Savings and temporary cash investments

    beginning of year $1,660,933 · end of year $5,184,077

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $128,960 · end of year $70,287

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $8,029

  • 10b · Land, buildings and equipment: accumulated depreciation

    $223

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $7,806

  • 11 · Investments: publicly traded securities

    beginning of year $213,787,654 · end of year $211,346,393

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $5,955,704 · end of year $5,844,830

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,078,522 · end of year $2,844,836

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $144,717,621 · end of year $140,725,804

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $73,676,228 · end of year $78,813,402

Mission and programs · 2025

Mission

Provide life, accidental death and disability, and annuity policies to members of American Journey Financial Life and workers in the transportation industries.

Activities or mission (Part I)

Fraternal benefit society serving our members with various insurance products and fraternal benefits.

  • Provide life, accidental death and disability, and annuity policies to members of American Journey Financial Life and workers in the transportation industry.

    Expenses $18,145,447 · Grants $268,000 · Revenue $21,905,276

As filed on the 2025 return.

Listed in Part VII

  • Kenneth Laugel

    President

    Total calculated
    $388,319
    From this org
    $346,713
    From related orgs
    $0
    Other
    $41,606
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,713
    Bonus
    $0
    Other
    $0
    Deferred
    $41,606
    Nontaxable benefits
    $0
    Filer's total
    $388,319

  • Jeffery Becker

    Secretary & Treasurer

    Total calculated
    $275,316
    From this org
    $245,818
    From related orgs
    $0
    Other
    $29,498
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,818
    Bonus
    $0
    Other
    $0
    Deferred
    $29,498
    Nontaxable benefits
    $0
    Filer's total
    $275,316

  • David Liddle

    Regional Insurance Manager

    Total calculated
    $232,978
    From this org
    $215,446
    From related orgs
    $0
    Other
    $17,532
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,446
    Bonus
    $0
    Other
    $0
    Deferred
    $17,532
    Nontaxable benefits
    $0
    Filer's total
    $232,978

  • Ronald Steiger

    IT Director

    Total calculated
    $175,642
    From this org
    $157,091
    From related orgs
    $0
    Other
    $18,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,091
    Bonus
    $0
    Other
    $0
    Deferred
    $18,551
    Nontaxable benefits
    $0
    Filer's total
    $175,642

  • Bryan Radecky

    Comptroller

    Total calculated
    $139,717
    From this org
    $124,747
    From related orgs
    $0
    Other
    $14,970
    Hours/week
    40

  • Darrin Tolliver

    Regional Insurance Manager

    Total calculated
    $136,075
    From this org
    $127,190
    From related orgs
    $0
    Other
    $8,885
    Hours/week
    40

  • Stephen Hudak

    Director

    Total calculated
    $49,000
    From this org
    $49,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Stephen J Vamos III

    Director

    Total calculated
    $47,000
    From this org
    $47,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Patrick Sullivan

    Director

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Nicholas DiCicco Jr

    Director

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $19,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $19,000

  • Jeremy Ferguson

    Chairman of the Board

    Total calculated
    $0
    Hours/week
    1

  • Brent Leonard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alvy Hughes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Cassity

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 3
The President (CEO) and Secretary & Treasurer salary is reviewed by the Compensation Committee and approved by the Board of Directors.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
28 August 2026
IRS schema version
2025v4.0
Source object
202602409349301130

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