Arvest Bank Group Employees Health Benefit Trust
501(c)(9)
93% goes to programs Thin reserves Growing revenue
Arvest Bank Group Employees Health Benefit Trust is a 501(c)(9) organization based in Lowell, Arkansas, registered in 1988, with $64,080,706 in FY2024 revenue. CharityIndex grades it B, and it directs about 93% of spending to programs.
Po Box 2136, Lowell, AR, 72745 EIN 71-0648175 Since 1988
Revenue (FY2024)
$64.1M
▲ 25.0% vs prior year
Expenses (FY2024)
$67.0M
Net assets
$2.7M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
A+Program efficiency40% of the rating93% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Arvest Bank Group Employees Health Benefit Trust: 93% to programs earns a A+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Arvest Bank Group Employees Health Benefit Trust: 0 mo reserves · -5% margin earns a C on this criterion. See the exact thresholds →
CGovernance25% of the rating2 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Arvest Bank Group Employees Health Benefit Trust: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Arvest Bank Group Employees Health Benefit Trust: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
This organization is a veba formed for the purpose of providing health care benefits to beneficiaries of the arvest bank group employees health trust for employees and dependents.
Contact & location
Financial trends
Revenue grew from $54.0M (FY2020) to $64.1M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.7M
Operating margin
-4.6%
Spent more than it raised in the latest fiscal year.
Total assets
$2.7M
Total liabilities
$0
Net assets
$2.7M
Salaries & benefits
$0
0% of expenses
Board members
5
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $64,080,706▲25.0% | $67,046,091▲21.7% | $2,740,588▼52.0% | $2,740,588▼52.0% | 990 |
| 2023 | $51,282,279▲2.8% | $55,085,818▲13.4% | $5,705,973▼40.0% | $5,705,973▼40.0% | 990 |
| 2022 | $49,904,097▼5.5% | $48,572,710▼11.5% | $9,509,512▲16.3% | $9,509,512▲16.3% | 990 |
| 2021 | $52,821,500▼2.2% | $54,877,465▲6.2% | $8,178,125▼20.1% | $8,178,125▼20.1% | 990 |
| 2020 | $53,989,009 | $51,662,983 | $10,234,090 | $10,234,090 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ann Fite | Trustee | 0.2 | — |
| Carolyn Kennedy | Trustee | 0.2 | — |
| Kimberly Swieter | Trustee | 0.2 | — |
| Michelle Van Schenck | Trustee | 0.2 | — |
| Tammy Engle | Trustee | 0.2 | — |
Frequently asked questions
- Is Arvest Bank Group Employees Health Benefit Trust a legitimate nonprofit?
- Yes. Arvest Bank Group Employees Health Benefit Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 71-0648175, based in Lowell, Arkansas.
- What is Arvest Bank Group Employees Health Benefit Trust's EIN?
- Arvest Bank Group Employees Health Benefit Trust's Employer Identification Number (EIN) is 71-0648175.
- How much revenue does Arvest Bank Group Employees Health Benefit Trust report?
- Arvest Bank Group Employees Health Benefit Trust reported $64,080,706 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Arvest Bank Group Employees Health Benefit Trust's spending goes to programs?
- Arvest Bank Group Employees Health Benefit Trust spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Arvest Bank Group Employees Health Benefit Trust have?
- CharityIndex grades Arvest Bank Group Employees Health Benefit Trust B, based on program efficiency and fundraising cost.
- How much does Arvest Bank Group Employees Health Benefit Trust's highest-paid employee make?
- The highest reported compensation on Arvest Bank Group Employees Health Benefit Trust's latest Form 990 is $0, paid to Ann Fite (Trustee).
More nonprofits in Lowell
Explore more
Data for Arvest Bank Group Employees Health Benefit Trust (EIN 71-0648175) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.