REFORMED BENEFITS ASSOCIATION

EIN: 462975745 501(c)(3) Health Care

Grand Rapids, MI

Total Revenue
$13,711,827
Total Expenses
$13,435,945
Total Assets
$9,766,225
Net Assets
$7,904,656
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MI
Principal Officer
Nicole Huttenga
Phone
8007018992
Tax Period
2023-01-01 to 2023-12-31

REFORMED BENEFITS ASSOCIATION, founded in 2013, is a mid-sized nonprofit in the Health Care sector that reported $13.7M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

Reformed Benefits Association (RBA) is a not-for-profit corporation whose purpose is for the provision, management, and administration of health and welfare benefit plans for the ministers, lay employees, and retirees of the Christian Reformed Church in North America (CRCNA), and the Reformed Church in America (RCA), their agencies and participating churches, and other assemblies on a joint basis.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $13,651,150
Investment Income $60,677
Other Revenue $0
TOTAL REVENUE $13,711,827

Expense Breakdown

Grants Paid $0
Salaries & Benefits $351,104
Fundraising Expenses $0
Program Expenses $12,712,776
Other Expenses $4,737,909
TOTAL EXPENSES $13,435,945

Year-over-Year Comparison

2023 2022 Change
Revenue $13,711,827 $14,545,543 -0.1%
Expenses $13,435,945 $14,642,819 -0.1%
Net Income $275,882 $-97,276 -3.8%
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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Governance

Voting Members
8
Independent Members
6
Employees
2
Volunteers
N/A

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
5
$163,992
Total Directors
9
$306,405
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carol Koppenaal Board Secretary 4
Officer Director
$0 $50,313 $163,992
Nicole Huttenga Director 40
Director
$41,199 $47,802 $142,413
Kelly Oliveria Board Member 4
Officer Director
$0 $0 $0
Doug Struyk Board Treasurer 1
Officer Director
$0 $0 $0
Trevor Deters Board President 1
Officer Director
$0 $0 $0
James Kuplic Board Member 1
Director
$0 $0 $0
Joel Vande Werken Board Member 1
Director
$0 $0 $0
Karen Walker Board Member 1
Director
$0 $0 $0
Leanne Bough Board Vice President 1
Officer Director
$0 $0 $0
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 $13,711,827 $13,435,945 $9,766,225 $275,882
2022 $14,545,543 $14,642,819 $9,539,770 $-97,276
2021 $15,087,077 $14,386,591 $9,561,157 $700,486
2020 $16,493,692 $15,786,937 $8,845,491 $706,755
2019 $17,813,158 $13,611,449 $7,986,545 $4,201,709
2018 $17,228,647 $17,003,282 $4,146,652 $225,365
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