SOCIETY OF PROFESSIONAL BENEFIT AD… - Form 990 Financial Data

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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

1975

Legal Domicile

Principal Officer

ERIC LUDWIG

Phone

3017187722

Tax Period

2023-01-01 to 2023-12-31

SOCIETY OF PROFESSIONAL BENEFIT ADMINISTRATORS, founded in 1975, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

SPBA HELPS THIRD PARTY ADMINISTRATORS NAVIGATE A COMPLEX AND EVER-CHANGING EMPLOYEE BENEFITS LANDSCAPE BY KEEPING THEM EDUCATED AND INFORMED WITH THE LATEST INFORMATION.

Program Service Accomplishments

Program 1

SPBA HOLDS TWO MEETINGS EACH YEAR WITH ALMOST 50% OF ALL MEMBER FIRMS REPRESENTED AT EACH MEETING. MEETINGS ARE OPEN TO MEMBER FIRMS AND THOSE TPA'S PRE-DETERMINED TO BE ELIGIBLE TO JOIN SPBA. THE...

SPBA HOLDS TWO MEETINGS EACH YEAR WITH ALMOST 50% OF ALL MEMBER FIRMS REPRESENTED AT EACH MEETING. MEETINGS ARE OPEN TO MEMBER FIRMS AND THOSE TPA'S PRE-DETERMINED TO BE ELIGIBLE TO JOIN SPBA. THE MEETING FOCUS IS ON GOVERNMENT COMPLIANCE AND INDUSTRY TRENDS.

Program 2

COMMUNICATIONS INFRASTRUCTURE-TECHNOLOGY-RELATED COSTS TO MAINTAIN/UPGRADE/REPAIR SOFTWARE AND PROGRAMMING FOR SPBA'S COMMUNICATION INFRASTRUCTURE, INCLUDING THE SPBA WEBSITES, ON-LINE UPDATE...

COMMUNICATIONS INFRASTRUCTURE-TECHNOLOGY-RELATED COSTS TO MAINTAIN/UPGRADE/REPAIR SOFTWARE AND PROGRAMMING FOR SPBA'S COMMUNICATION INFRASTRUCTURE, INCLUDING THE SPBA WEBSITES, ON-LINE UPDATE, INTERNET-SERVER HOST FOR BROADCAST EMAIL. TECHNOLOGY TRAINING TO OPERATE DRUPAL. AUTOMATIC BACK-UP SERVICES FOR SPBA WEBSITES. HIGH SPEED INTERNET ACCESS.

Program 3

SPECIAL PROJECTS-ALL VARIABLE AND UNPREDICTABLE EXPENSES SUCH AS COSTS TO PARTICIPATE ON GOVERNMENT ADVISORY PANELS OR INDUSTRY GROUPS, INCLUDING FEES AND TRAVEL (E.G., WEDI, IRS IRPAC, ABA). WEDI...

SPECIAL PROJECTS-ALL VARIABLE AND UNPREDICTABLE EXPENSES SUCH AS COSTS TO PARTICIPATE ON GOVERNMENT ADVISORY PANELS OR INDUSTRY GROUPS, INCLUDING FEES AND TRAVEL (E.G., WEDI, IRS IRPAC, ABA). WEDI MEMBERSHIP.

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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 $1,414,420

Investment Income $93,298

Other Revenue $0

TOTAL REVENUE $1,507,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,586,163

TOTAL EXPENSES $1,586,163

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,507,718	$1,639,991	-0.1%
Expenses	$1,586,163	$1,609,021	0.0%
Net Income	$-78,445	$30,970	-3.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHOU REICHELSDORFER	CHAIRMAN OF THE BOARD	5.00	Officer Director	$0	$0	$0
KRIS SMITH	VICE-CHAIRMAN	5.00	Officer Director	$0	$0	$0
MARC PAULSON	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
DAN ROSLOKKEN	IMMEDIATE PAST CHAIR	5.00	Officer Director	$0	$0	$0
ANDREA GAMBARDELLA	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD HARDIN	DIRECTOR	5.00	Director	$0	$0	$0
STACEY MINTON	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD MOUSTY	DIRECTOR	5.00	Director	$0	$0	$0
ERIC SCHULMAN	DIRECTOR	5.00	Director	$0	$0	$0
ANNE LENNAN	PRESIDENT	55.00	Officer	$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	$1,507,718	$1,586,163	$2,405,979	$-78,445
2022	$1,639,991	$1,609,021	$2,470,734	$30,970
2021	$1,913,779	$1,495,503	$2,782,402	$418,276
2020	$1,319,085	$1,486,541	$2,634,869	$-167,456
2019	$1,716,278	$1,816,215	$2,607,997	$-99,937
2018	$1,835,556	$1,731,585	$2,638,077	$103,971

SOCIETY OF PROFESSIONAL BENEFIT ADMINISTRATORS