Reformed Benefits Association
- Assets
- $9.6m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-2975745
Organization Overview
Reformed Benefits Association is located in Grand Rapids, MI. The organization was established in 2014. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reformed Benefits Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Reformed Benefits Association generated $15.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $14.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BOARD OF TRUSTEES OF THE CHRISTIAN REFORMED CHURCH IN NORTH AMERICA (CRCNA BOT) AND THE REFORMED CHURCH IN AMERICA BOARD OF BENEFITS SERVICES (RCA BOBS) ESTABLISHED THE REFORMED BENEFITS ASSOCIATION (RBA) FOR THE PROVISION, MANAGEMENT AND ADMINISTRATION OF HEALTH AND WELFARE BENEFIT PLANS FOR MINISTERS, LAY EMPLOYEES AND RETIREES OF THE DENOMINATIONS, THEIR AGENCIES AND PARTICIPATING CHURCHES AND OTHER ASSEMBLIES ON A JOINT BASIS. FURTHER, THE RBA WAS ESTABLISHED TO DEVELOP A SPIRIT OF CHRISTIAN FELLOWSHIP AND COOPERATIVE MISSION AMONG THE DENOMINATIONS TO PROMOTE, THROUGH COOPERATIVE EFFORT, THE SPIRITUAL, MORAL, SOCIAL AND CIVIC WELFARE OF THE CHRISTIAN COMMUNITY. AS A RESULT, THE CRCNA BOT AND THE RCA BOBS, AS MEMBERS OF THE RBA, DELEGATE THE AUTHORITY OF THE RBA BOARD OF TRUSTEES TO CONDUCT THESE ACTIVITIES AND IDENTIFY ADDITIONAL SERVICES WHICH CAN BE PERFORMED BY THE RBA ON A JOINT BASIS ON BEHALF OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND ADMINISTRATION SERVICES OF HEALTH AND WELFARE BENEFIT PLANS FOR EMPLOYEES OF ITS MEMBERS AND OTHER ELIGIBLE PARTICIPATING ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bolt Board Treasurer | OfficerTrustee | 4 | $0 |
Kelly Oliveria Board Secretary | OfficerTrustee | 4 | $0 |
Nicole Huttenga Director | Officer | 40 | $0 |
Nancy Degood Board President | Trustee | 0 | $0 |
James Kuplic Board Member | Trustee | 0 | $0 |
Lloyd Bierma Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Umr Inc Heath Plan Claims Administration | 12/30/21 | $346,212 |
Quantum Health Inc Participant Assistance Services | 12/30/21 | $359,359 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $15,045,144 |
| Investment income | $41,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,087,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $8,996,715 |
| Compensation of current officers, directors, key employees. | $164,587 |
| Compensation of current officers, directors, key employees. | $164,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,785 |
| Pension plan accruals and contributions | $7,221 |
| Other employee benefits | $30,799 |
| Payroll taxes | $14,528 |
| Fees for services: Management | $347,558 |
| Fees for services: Legal | $1,024 |
| Fees for services: Accounting | $121,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,882 |
| Fees for services: Other | $376,119 |
| Advertising and promotion | $0 |
| Office expenses | $110,509 |
| Information technology | $16,971 |
| Royalties | $0 |
| Occupancy | $7,703 |
| Travel | $121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $209 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,096,466 |
| All other expenses | $0 |
| Total functional expenses | $14,386,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,128,657 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,988 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $191,735 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,226,777 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,561,157 |
| Accounts payable and accrued expenses | $1,659,809 |
| Grants payable | $0 |
| Deferred revenue | $71,723 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,731,532 |
| Net assets without donor restrictions | $7,829,625 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,561,157 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
International Brotherhood Of Elec Workers 683 Health & Welfare Fund Lansing, MI | $27,261,838 | $34,571,326 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |
Indiana University Health Foundation Inc Indianapolis, IN | $328,480,588 | $51,478,300 |
Promedica Foundation Toledo, OH | $412,976,640 | $33,946,131 |
Michiana Area Electrical Workers Health & Welfare Fund Lansing, MI | $25,252,279 | $21,753,324 |
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |