NRECA POST-EMPLOYMENT HEALTH REIMBURSEMENT ARRANGEMENT (HRA) PLAN

EIN: 466448882 Mutual Benefit

Arlington, VA

Total Revenue
$304,180
Total Expenses
$5,412,876
Total Assets
$12,758,696
Net Assets
$12,703,816
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
VA
Principal Officer
DIGNA LOUIS
Phone
7039075895
Tax Period
2023-01-01 to 2023-12-31

NRECA POST-EMPLOYMENT HEALTH REIMBURSEMENT ARRANGEMENT (HRA) PLAN, founded in 2013, is a community nonprofit in the Mutual Benefit sector that reported $1.4M in total revenue in fiscal year 2020. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $574K, a strong 40% operating margin.

Mission

THE PLAN WAS ESTABLISHED TO REIMBURSE PARTICIPANTS AND THEIR DEPENDENTS FOR QUALIFIED OUT-OF-POCKET HEALTH CARE EXPENSES (SUCH AS OUT-OF-POCKET EXPENSES FOR MEDICAL CARE, VISION CARE, DENTAL CARE, PRESCRIPTION DRUGS AND CERTAIN OVER-THE-COUNTER DRUGS) AND QUALIFIED LONG TERM CARE EXPENSES, AS WELL AS PREMIUMS FOR HEALTH INSURANCE, HEALTH PLAN COVERAGE, AND QUALIFIED LONG TERM CARE INSURANCE CONTRACTS THAT OCCUR AFTER THE PARTICIPANT HAS RETIRED OR TERMINATED EMPLOYMENT, INCLUDING COVERAGE UNDER THE CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT OF 1985 (COBRA).

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Trantor Score

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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 $0
Investment Income $304,180
Other Revenue $0
TOTAL REVENUE $304,180

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $4,348,887
TOTAL EXPENSES $5,412,876

Year-over-Year Comparison

2023 2022 Change
Revenue $304,180 $5,982 +49.8%
Expenses $5,412,876 $929,027 +4.8%
Net Income $-5,108,696 $-923,045 +4.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
3
$1,551,128
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIGNA LOUIS CFO 0.3
Director
$0 $90,364 $657,309
DANIELLE SIEVERLING VP CHIEF RISK & COMPLIANCE 0.3
Director
$0 $61,112 $461,284
MICHELE RINN SR VP HUMAN RESOURCES 0.3
Director
$0 $61,959 $432,535
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 $304,180 $5,412,876 $12,758,696 $-5,108,696
2022 $5,982 $929,027 $16,974,907 $-923,045
2021 $1,254,537 $866,462 $19,788,545 $388,075
2020 $1,434,289 $860,548 $19,424,077 $573,741
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