EVERENCE ASSOCIATION INC (EIN 356059333) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Phone

5745339511

Tax Period

2024-01-01 to 2024-12-31

EVERENCE ASSOCIATION INC, founded in 1964, is a mid-sized nonprofit that reported $81.8M in total revenue in fiscal year 2024.

Mission

EVERENCE ASSOCIATION INC HELPS PEOPLE AND GROUPS INTEGRATE THEIR FINANCES WITH THEIR FAITH VALUES THROUGH ITS INSURANCE AND FINANCIAL SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $767,245

Program Service Revenue $81,155,292

Investment Income $-151,191

Other Revenue $0

TOTAL REVENUE $81,771,346

Expense Breakdown

Grants Paid $2,881,760

Salaries & Benefits $8,525,154

Fundraising Expenses $0

Program Expenses $0

Other Expenses $15,458,119

TOTAL EXPENSES $88,112,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,771,346	$85,140,437	0.0%
Expenses	$88,112,228	$93,370,988	-0.1%
Net Income	$-6,340,882	$-8,230,551	-0.2%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

1064

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,958,139

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DJ MCFADDEN	DIRECTOR	1.0	Director	$0	$0	$0
EMERSON LESHER	DIRECTOR	1.0	Director	$0	$0	$0
GREG LASZAKOVITS	DIRECTOR	1.0	Director	$0	$0	$0
JAIME RODRIGUEZ	DIRECTOR	1.0	Director	$0	$0	$0
JESSICA YODER	DIRECTOR	1.0	Director	$0	$0	$0
KATELYN LEICHTY	DIRECTOR	1.0	Director	$0	$0	$0
KIRBY MILLER	DIRECTOR	1.0	Director	$0	$0	$0
LAUREN GOOD	DIRECTOR	1.0	Director	$0	$0	$0
RUTH SUTER	DIRECTOR	1.0	Director	$0	$0	$0
STEVE LINDSEY	DIRECTOR	1.0	Director	$0	$0	$0
SUNDAY OBRI	DIRECTOR	1.0	Director	$0	$0	$0
SYLVIA PENNER	DIRECTOR	1.0	Director	$0	$0	$0
AARON SHENK	ASSISTANT TREASURER	10.0	Officer	$0	$33,056	$165,302
CHAD HORNING	ASSISTANT SECRETARY	10.0	Officer	$0	$41,414	$332,248
FREDRICK GINGERICH	TREASURER	10.0	Officer	$0	$59,358	$428,402
KENNETH HOCHSTETLER	PRESIDENT	10.0	Officer	$0	$61,526	$654,684
RODNEY DILLER	VICE PRESIDENT	10.0	Officer	$0	$53,589	$377,503
AMANDA ROCK	FINANCIAL CONSULTANT	40.0	Highest	$0	$37,949	$433,298
CRAIG FOOR	FINANCIAL CONSULTANT	40.0	Highest	$0	$53,291	$333,648
GLEN KAUFFMAN	FINANCIAL CONSULTANT	40.0	Highest	$0	$55,520	$369,575
JEFFREY GODSHALL	FINANCIAL CONSULTANT	40.0	Highest	$0	$53,818	$347,901
STEVEN CHROLL	FINANCIAL CONSULTANT	40.0	Highest	$0	$51,246	$327,994

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$81,771,346	$88,112,228	$372,044,450	$-6,340,882
2023	$85,140,437	$93,370,988	$381,699,549	$-8,230,551
2022	$76,719,666	$79,226,539	$392,025,152	$-2,506,873
2021	$69,175,767	$69,742,232	$407,395,698	$-566,465
2020	$69,272,675	$66,182,935	$417,280,423	$3,089,740
2019	$75,489,805	$75,591,660	$424,982,722	$-101,855
2018	$76,637,582	$74,271,345	$432,307,404	$2,366,237

EVERENCE ASSOCIATION INC