MISSION BASED HEALTH BENEFITS INC

EIN: 882122382 Mutual Benefit

LANSING, MI

Total Revenue
$3,571,421
Total Expenses
$3,679,277
Total Assets
$1,246,217
Net Assets
$1,027,992
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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
2023
Legal Domicile
MI
Principal Officer
DAVID HERBEL
Phone
5173233687
Tax Period
2023-01-01 to 2023-12-31

MISSION BASED HEALTH BENEFITS INC, founded in 2023, is a community nonprofit in the Mutual Benefit sector that reported $3.6M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION IS A MULTIPLE EMPLOYER WELFARE ARRANGEMENT (MEWA) WHICH PROVIDES MEDICAL, DENTAL, AND VISION INSURANCE FOR PLAN PARTICIPANTS AND THEIR DEPENDENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,556,291
Investment Income $15,130
Other Revenue $0
TOTAL REVENUE $3,571,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,679,277
Other Expenses $568,338
TOTAL EXPENSES $3,679,277

Year-over-Year Comparison

2023 2022 Change
Revenue $3,571,421 N/A N/A
Expenses $3,679,277 N/A N/A
Net Income $-107,856 N/A N/A
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

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Governance

Voting Members
5
Independent Members
5
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
5
$394,039
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICH ACHO TRUSTEE 1.00
Director
$0 $0 $0
JOANNE REYNOLDS TRUSTEE 1.00
Director
$0 $0 $0
DAVE BOS TRUSTEE 1.00
Director
$0 $0 $0
DAVE GEHM TRUSTEE 1.00
Director
$0 $0 $0
DAVID HERBEL EXECUTIVE TRUSTEE 15.00
Director
$0 $52,961 $394,039
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 $3,571,421 $3,679,277 $1,246,217 $-107,856
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