OHIO FARM BUREAU HEALTH BENEFITS PLAN TRUST (EIN 811268907) - Form 990 Financial Analysis & Trantor Score

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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

2015

Legal Domicile

Principal Officer

MICHAEL BAILEY

Phone

6142492400

Tax Period

2023-01-01 to 2023-12-31

OHIO FARM BUREAU HEALTH BENEFITS PLAN TRUST, founded in 2015, is a mid-sized nonprofit that reported $18.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION IS A MULTIPLE EMPLOYER WELFARE ARRANGEMENT (MEWA) WHICH PROVIDES MEDICAL AND PRESCRIPTION DRUG BENEFITS FOR ITS MEMBERS.

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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 $18,614,552

Investment Income $86,625

Other Revenue $0

TOTAL REVENUE $18,701,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,581,222

TOTAL EXPENSES $18,662,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,701,177	$15,683,267	+0.2%
Expenses	$18,662,110	$15,763,585	+0.2%
Net Income	$39,067	$-80,318	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL PATTERSON	TRUSTEE/TREASURER	1.00	Director	$0	$0	$0
BILL GRULICH	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS WEAVER	TRUSTEE	1.00	Director	$0	$0	$0
GREG DIESTCH	TRUSTEE	1.00	Director	$0	$0	$0
MIKE BOYERT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BAILEY	TRUSTEE/CHAIRPERSON	1.00	Director	$0	$0	$0
STACY IRWIN	TRUSTEE	1.00	Director	$0	$0	$0
DAN RAPP	PLAN ADMINISTRATOR	1.00	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
2023	$18,701,177	$18,662,110	$4,749,760	$39,067
2022	$15,683,267	$15,763,585	$4,138,686	$-80,318
2021	$13,539,357	$13,582,221	$6,338,118	$-42,864
2020	$12,008,625	$11,771,401	$1,605,095	$237,224
2019	$7,772,031	$7,761,741	$989,609	$10,290
2018	$5,562,892	$5,478,831	$1,480,956	$84,061

OHIO FARM BUREAU HEALTH BENEFITS PLAN TRUST