Eder Financial Inc
501(c)(3)
98% goes to programs Strong reserves Growing revenue
Eder Financial Inc is a 501(c)(3) organization based in Elgin, Illinois, registered in 1991, with $74,597,829 in FY2024 revenue. CharityIndex grades it D, and it directs about 98% of spending to programs.
1505 Dundee Ave, Elgin, IL, 60120 EIN 36-3668497 Since 1991
Revenue (FY2024)
$74.6M
▲ 147.4% vs prior year
Expenses (FY2024)
$189.5M
Net assets
$316.3M
Employees
33
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
FProgram efficiency40% of the rating98% 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 Eder Financial Inc: 98% to programs earns a F on this criterion. See the exact thresholds →
FFinancial health25% of the rating20 mo reserves · -154% 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 Eder Financial Inc: 20 mo reserves · -154% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Eder Financial Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Eder Financial Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Eder financial, inc. has a stated purpose to support the financial well-being of the church of the brethren and other persons and groups that share similar values by offering programs that provide retirement, medical and financial aid benefits to ministers, missionaries and lay employees of certain churches and church related agencies.
What they do
Provide medical, dental, vision, long term disability and life insurance to ordained and lay pastors and employees of congregations, districts, camps, agencies, and affiliated organizations of the church of the brethren and of other like-minded denominations and groups.
Church workers assistance plan - provides financial aid and emergency assistance to church of the brethren pastors and employees of congregations, districts, and camps who meet tenure requirements.
Contact & location
Financial trends
Revenue grew from $23.7M (FY2013) to $74.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $24.3MNet assets $316.3M
Operating margin
-154.0%
Spent more than it raised in the latest fiscal year.
Total assets
$340.6M
Total liabilities
$24.3M
Net assets
$316.3M
Salaries & benefits
$4.0M
2% of expenses
Board members
13
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $74,597,829▲147% | $189,503,435▲446% | $316,338,485▼29.2% | $340,635,670▼29.9% | 990 |
| 2023 | $30,148,331▼8.9% | $34,680,303▼23.2% | $446,634,088▲10.4% | $485,746,770▲19.2% | 990 |
| 2022 | $33,092,663▼34.7% | $45,149,511▲41.0% | $404,570,805▼20.1% | $407,342,243▼20.1% | 990 |
| 2021 | $50,694,165▲62.0% | $32,025,263▲4.2% | $506,507,146▲10.1% | $509,755,287▲9.9% | 990 |
| 2020 | $31,295,121▼4.9% | $30,727,494▲3.9% | $459,908,398▲9.4% | $463,939,218▲9.5% | 990 |
| 2019 | $32,891,649▼2.4% | $29,563,050▲4.8% | $420,383,029▲17.0% | $423,739,739▲17.0% | 990 |
| 2018 | $33,698,242▼23.1% | $28,198,876▼1.2% | $359,371,983▼10.4% | $362,314,960▼10.4% | 990 |
| 2017 | $43,820,445▲122% | $28,552,203▲5.0% | $401,004,964▲11.2% | $404,145,326▲11.2% | 990 |
| 2016 | $19,719,543▼43.2% | $27,191,447▲5.5% | $360,612,485▲1.7% | $363,464,121▲1.8% | 990 |
| 2015 | $34,691,617▲36.3% | $25,767,670▲4.3% | $354,475,343▼6.5% | $357,094,745▼6.5% | 990 |
| 2014 | $25,450,396▲7.6% | $24,700,021▲4.6% | $379,082,879▲1.6% | $382,035,289▲1.6% | 990 |
| 2013 | $23,657,246 | $23,614,622▼2.4% | $373,073,872▲12.9% | $376,017,748▲13.0% | 990 |
| 2012 | — | $24,207,123▲8.5% | $330,589,002▲9.2% | $332,717,078▲9.1% | 990 |
| 2011 | — | $22,302,441▲7.7% | $302,764,250▼2.6% | $305,030,656▼2.4% | 990 |
| 2010 | — | $20,703,568 | $310,785,446 | $312,629,027 | 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)
Highest-paid: Nevin Dulabaum — $209,134 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Nevin Dulabaum | President | 28 | $209,134 |
| John Mcgough | Cfo/vp of Investments | 24 | $142,632 |
| Lynnae Rodeffer | Vp of Products/services | 28 | $126,949 |
| Michelle Kilbourne | Vp of Internal Capabilities | 36 | $118,626 |
| German Gongora | Information Technology Dir | 20 | $112,521 |
| Audrey Myer | Board Member | 0.33 | — |
| David Shissler | Board Member - New / Chair - Past | 0.33 | — |
| Dennis Kingery | Board Member | 0.33 | — |
| Donna Rhodes | Chair - New | 0.33 | — |
| Eunice Culp | Board Member | 0.33 | — |
| Jan Fahs | Board Member | 0.33 | — |
| Jerry Patterson | Board Member | 0.33 | — |
| Katherine Haff | Board Member | 0.33 | — |
| Kevin Boyer | Board Member | 0.33 | — |
| Randy Yoder | Board Member | 0.33 | — |
| Russ Matteson | Board Member | 0.33 | — |
| Sara Davis | Board Member | 0.33 | — |
| Wayne Scott | Vice Chair | 0.33 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Milliman Inc | Consulting Firm | $189,881 |
Grants made · $50K in FY2021
5 grants totaling $50K in FY2021. All grants made by Eder Financial Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Brethren Home Community | Hardship grant | $10,000 |
| Brethren Retirement Community | Hardship grant | $10,000 |
| The Village At Morrisons Cove | Hardship grant | $10,000 |
| Church of the Brethren Home Inc | Hardship grant | $10,000 |
| Pinecrest Community | Hardship grant | $10,000 |
Frequently asked questions
- Is Eder Financial Inc a legitimate nonprofit?
- Yes. Eder Financial Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-3668497, based in Elgin, Illinois.
- What is Eder Financial Inc's EIN?
- Eder Financial Inc's Employer Identification Number (EIN) is 36-3668497.
- How much revenue does Eder Financial Inc report?
- Eder Financial Inc reported $74,597,829 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Eder Financial Inc's spending goes to programs?
- Eder Financial Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Eder Financial Inc have?
- CharityIndex grades Eder Financial Inc D, based on program efficiency and fundraising cost.
- How much does Eder Financial Inc's highest-paid employee make?
- The highest reported compensation on Eder Financial Inc's latest Form 990 is $209,134, paid to Nevin Dulabaum (President).
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Data for Eder Financial Inc (EIN 36-3668497) 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.