EDER FINANCIAL INC (EIN 363668497) - 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

1989

Legal Domicile

Principal Officer

NEVIN DULABAUM

Phone

8476950200

Tax Period

2023-01-01 to 2023-12-31

EDER FINANCIAL INC, founded in 1989, is a mid-sized nonprofit that reported $30.1M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $34.7M exceeded revenue, resulting in a 15% operating deficit.

Mission

EDER FINANCIAL, INC. HAS A STATED PURPOSE TO SUPPORT THE FINANCIAL WELL-BEING OF THE CHURCH OF THE BRETHREN AND OTHER PERSONS AND GROUPS THAT SHARE SIMILAR VALUES BY OFFERING PROGRAMS THAT PROVIDE RETIREMENT, MEDICAL AND FINANCIAL AID BENEFITS TO MINISTERS, MISSIONARIES AND LAY EMPLOYEES OF CERTAIN CHURCHES AND CHURCH RELATED AGENCIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,466

Program Service Revenue $9,959,574

Investment Income $19,279,083

Other Revenue $905,208

TOTAL REVENUE $30,148,331

Expense Breakdown

Grants Paid $281,575

Salaries & Benefits $3,832,009

Fundraising Expenses $30,103

Program Expenses $30,873,029

Other Expenses $3,569,034

TOTAL EXPENSES $34,680,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,148,331	$33,092,663	-0.1%
Expenses	$34,680,303	$45,149,511	-0.2%
Net Income	$-4,531,972	$-12,056,848	-0.6%

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

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

$792,597

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN BOYER	BOARD MEMBER	0.33	Director	$0	$0	$0
SARA DAVIS	BOARD MEMBER	0.33	Director	$0	$0	$0
JAN FAHS	BOARD MEMBER	0.33	Director	$0	$0	$0
KATHERINE HAFF	BOARD MEMBER	0.33	Director	$0	$0	$0
DONNA MARCH	BOARD MEMBER - PAST	1.00	Director	$0	$0	$0
RUSS MATTESON	BOARD MEMBER	0.33	Director	$0	$0	$0
AUDREY MYER	BOARD MEMBER	0.33	Director	$0	$0	$0
JERRY PATTERSON	BOARD MEMBER	0.33	Director	$0	$0	$0
DONNA RHODES	CHAIR - PAST	1.00	Director	$0	$0	$0
WAYNE SCOTT	VICE CHAIR	0.33	Director	$0	$0	$0
DAVID SHISSLER	CHAIR - NEW / BOARD MEMBER - PAST	0.33	Director	$0	$0	$0
RANDY YODER	BOARD MEMBER	0.33	Director	$0	$0	$0
EUNICE CULP	BOARD MEMBER - NEW	0.33	Director	$0	$0	$0
DENNIS KINGERY	BOARD MEMBER - NEW	0.33	Director	$0	$0	$0
JOHN MCGOUGH	CFO/VP OF INVESTMENTS	24.00	Officer	$138,735	$64,324	$203,059
NEVIN DULABAUM	PRESIDENT	28.00	Officer	$201,234	$71,987	$273,221
LYNNAE RODEFFER	VP OF PRODUCTS/SERVICES	28.00	Officer	$122,693	$31,967	$154,660
MICHELLE KILBOURNE	VP OF INTERNAL CAPABILITIES	36.00	Officer	$109,445	$52,212	$161,657
GERMAN GONGORA	INFORMATION TECHNOLOGY DIRECTOR	20.00	Highest	$107,514	$50,754	$158,268

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	No data	No data	No data	No data
2023	$30,148,331	$34,680,303	$485,746,770	$-4,531,972
2022	$33,092,663	$45,149,511	$407,342,243	$-12,056,848
2021	$50,694,165	$32,025,263	$509,755,287	$18,668,902
2020	$31,295,121	$30,727,494	$463,939,218	$567,627
2019	$32,891,649	$29,563,050	$423,739,739	$3,328,599
2018	$33,698,242	$28,198,876	$362,314,960	$5,499,366

EDER FINANCIAL INC