GOVERNMENT EMPLOYEES' BENEFIT ASSO… - 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

1969

Legal Domicile

Principal Officer

MONA BUCKLEY

Phone

4106578060

Tax Period

2023-01-01 to 2023-12-31

GOVERNMENT EMPLOYEES' BENEFIT ASSOCIATION INC, founded in 1969, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $6.3M left a modest 6% surplus.

Mission

TO PROMOTE THE GENERAL WELFARE OF ITS MEMBERS BY MAKING AVAILABLE VARIOUS TYPES OF INSURANCE PROGRAMS TO THE CIVILIAN EMPLOYEES OF THE NATIONAL SECURITY AGENCY AND THE FEDERAL GOVERNMENT.

Program Service Accomplishments

Program 1

Expenses: $366,678 Revenue: $1,028,939

PROVIDE INSURANCE COVERAGE AND OTHER BENEFITS TO APPROXIMATELY 16,000 MEMBERS AT REDUCED RATES.

Program 2

Expenses: $4,494,852 Revenue: $5,148,779

PROVIDE DENTAL, VISION, AND EMERGENCY TRAVEL INSURANCE COVERAGE TO MEMBERS AT REDUCED RATES.

Program 3

Expenses: $135,506

PROVIDE SCHOLARSHIPS TO MEMBERS AND MEMBERS'FAMILIES THROUGH A PRIVATE FOUNDATION.

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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 $6,177,718

Investment Income $531,459

Other Revenue $0

TOTAL REVENUE $6,709,177

Expense Breakdown

Grants Paid $122,786

Salaries & Benefits $1,060,635

Fundraising Expenses $0

Program Expenses $4,997,036

Other Expenses $829,318

TOTAL EXPENSES $6,284,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,709,177	$7,367,481	-0.1%
Expenses	$6,284,965	$7,408,732	-0.2%
Net Income	$424,212	$-41,251	-11.3%

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

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

$287,655

Total Directors

Key Employees

$168,616

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN VASCONCELLS	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
DAWN BEDLIVY	SECRETARY	2.00	Officer Director	$0	$0	$0
LAVADE PHILLIPS	TREASURER(FINANCE CHAIR)	2.00	Officer Director	$0	$0	$0
MICHELE HOWE	CHAIRPERSON ELECT	2.00	Officer Director	$0	$0	$0
TONY HERROD	NOMINATIONS CHAIR	2.00	Director	$0	$0	$0
RON CARBACK	STRATEGIC PLANNING CHAIR	2.00	Director	$0	$0	$0
KELLEY WELCH	DIRECTOR	2.00	Director	$0	$0	$0
KEVELYN FELICIANO-MOYA	DIRECTOR	2.00	Director	$0	$0	$0
YULIN BINGLE	DIRECTOR	2.00	Director	$0	$0	$0
LENORA PETERS GANT	DIRECTOR	2.00	Director	$0	$0	$0
MONA BUCKLEY	PRESIDENT AND CEO	30.00	Officer	$0	$13,474	$287,655
GREGORY KLINGLER	CHIEF OPER. OFFICER	8.00	Key Emp	$0	$11,191	$168,616
DENNIS MCGINLEY	VP OF FINANCE AND ACCOUNTI	24.00	Highest	$0	$7,871	$166,489
CHRIS FAGIOLO	FINANCIAL ADVISOR	0.00	Highest	$0	$6,981	$139,917
MICHELE NICOLE GIULIANO	MEMBER PROGRAMS DIRECTOR	30.00	Highest	$0	$6,371	$142,146
KAREN TURNER	FINANCIAL ADVISOR	0.00	Highest	$0	$6,612	$136,430
DARREN PETROVICH	IT DIRECTOR	30.00	Highest	$0	$6,326	$143,430

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	$6,709,177	$6,284,965	$23,253,036	$424,212
2022	$7,367,481	$7,408,732	$20,577,020	$-41,251
2021	$8,425,068	$7,676,755	$24,504,834	$748,313
2020	$7,837,044	$6,840,175	$23,349,088	$996,869
2019	$7,134,199	$6,749,416	$20,557,879	$384,783
2018	$5,656,689	$5,455,325	$17,243,861	$201,364

GOVERNMENT EMPLOYEES' BENEFIT ASSOCIATION INC