REFORMED BENEFITS ASSOCIATION

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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

2013

Legal Domicile

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

The RBA's purpose is for the provision, management and administration of health and welfare benefit plans for member denominations, their ministers, lay employees, retirees, agencies and participating churches and other assemblies on a joint basis.

Program Service Accomplishments

Program 1

Expenses: $12,712,776 Revenue: $13,638,162

Management and Administration services of health and welfare benefit plans for employees of its members and other eligible participating organizations.

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

Governance

Voting Members

Independent Members

Employees

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

$163,992

Total Directors

$306,405

Key Employees

Highest Compensated

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