MILITARY BENEFIT 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

1956

Legal Domicile

Principal Officer

MICHAEL REYNA

Phone

7039686200

Tax Period

2024-08-01 to 2025-07-31

MILITARY BENEFIT ASSOCIATION, founded in 1956, is a mid-sized nonprofit that reported $38.4M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

THE MISSION OF THE MBA IS THE PROMOTION OF THE WELFARE OF ITS MEMBERS, THE ADVANCEMENT AND SAFEGUARDING OF THEIR ECONOMIC INTERESTS, AND GENERALLY TO ENCOURAGE AND PROMOTE BETTER FINANCIAL CONDITIONS FOR ITS MEMBERS THROUGH COOPERATIVE ENTERPRISES.

Program Service Accomplishments

Program 1

PROVIDES APPROXIMATELY 82,200 MEMBERS OF THE ARMED FORCES, MILITARY RETIREES AND VETERANS, AND CIVILIAN EMPLOYEES OF THE U S GOVERNMENT WITH INSURANCE AND OTHER SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $37,586,355

Investment Income $752,899

Other Revenue $44,458

TOTAL REVENUE $38,383,712

Expense Breakdown

Grants Paid $47,500

Salaries & Benefits $2,675,161

Fundraising Expenses $0

Other Expenses $5,239,125

TOTAL EXPENSES $40,525,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,383,712	$41,957,946	-0.1%
Expenses	$40,525,596	$38,023,900	+0.1%
Net Income	$-2,141,884	$3,934,046	-1.5%

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

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

$612,774

Total Directors

$392,519

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL REYNA	PRESIDENT	40.00	Officer Director	$342,243	$50,276	$392,519
FRED STREB JR	DIRECTOR OF FINANCE/TREASURER	40.00	Officer	$161,363	$36,744	$198,107
THOMAS JUBON	DIRECTOR, IT	35.00	Highest	$171,369	$50,439	$221,808
BONNIE KOHLI	ACCOUNTANT	35.00	Highest	$121,440	$49,820	$171,260
RICHARD WILSON	DIRECTOR, STRATEGIC PLANNING	31.00	Highest	$102,288	$31,827	$183,155
CAROLYN PEACOE	OFFICE MANAGER	35.00	Highest	$115,178	$24,200	$139,378
ASHOK K NAYYAR	TREASURER (TO OCT '24)	7.00	Officer	$22,148	$0	$22,148
TRAVIS R BACHORSKI	CHAIRMAN	2.00	Director	$0	$0	$0
AMANDA M TEFFT	VICE CHAIRMAN	2.00	Director	$0	$0	$0
JAMES B BRENDEL JR	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL M HAYWOOD	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW B RADFORD	DIRECTOR (FROM OCT '24)	2.00	Director	$0	$0	$0
D'ANNE E SPENCE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID A TENORIO	DIRECTOR	2.00	Director	$0	$0	$0
DAVID E WILLIS	DIRECTOR	2.00	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
2025	$38,383,712	$40,525,596	$33,581,036	$-2,141,884
2024	$41,957,946	$38,023,900	$35,107,967	$3,934,046
2023	$40,665,680	$37,834,369	$30,797,711	$2,831,311
2022	$33,634,241	$39,302,870	$29,815,084	$-5,668,629
2021	$30,417,253	$33,378,527	$38,960,379	$-2,961,274
2020	$30,085,814	$29,029,726	$37,958,530	$1,056,088
2019	$26,509,573	$29,765,257	$35,071,118	$-3,255,684
2018	$27,034,137	$29,523,747	$38,064,701	$-2,489,610