Reta Trust
501(c)(9)
Only null% goes to programs Growing revenue
Reta Trust is a 501(c)(9) organization based in Walnut Creek, California, registered in 1977, with $363,400,683 in FY2023 revenue. CharityIndex grades it B+.
2121 N California Blvd Ste 350, Walnut Creek, CA, 94596 EIN 94-2329720 Since 1977
Revenue (FY2023)
$363.4M
▲ 14.0% vs prior year
Expenses (FY2023)
$368.6M
Net assets
$53.0M
Employees
3
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Reta Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · -1% 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 Reta Trust: 2 mo reserves · -1% margin earns a B 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 Reta Trust: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Reta Trust: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
The reta trust was formed under a religious trust agreement entered into by two roman catholic archdioceses, several dioceses and several religious orders of the roman catholic church as a means wherein to provide cost effective medical benefits to clergy, men & women religious, and their lay employees and their dependents.
Contact & location
- Address
- 2121 N California Blvd Ste 350, Walnut Creek, CA, 94596
- City
- Walnut Creek
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $206.0M (FY2013) to $363.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $42.0MNet assets $53.0M
Operating margin
-1.4%
Spent more than it raised in the latest fiscal year.
Total assets
$95.0M
Total liabilities
$42.0M
Net assets
$53.0M
Salaries & benefits
$1.5M
0% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $363,400,683▲14.0% | $368,596,868▲17.0% | $53,020,612▼2.2% | $95,035,381▲5.1% | 990 |
| 2022 | $318,671,351▲15.2% | $315,147,627▲9.1% | $54,212,142▲12.8% | $90,457,092▲5.8% | 990 |
| 2021 | $276,637,833▲4.0% | $288,908,994▲5.4% | $48,061,586▼35.5% | $85,515,612▼23.4% | 990 |
| 2020 | $265,943,772▲5.2% | $274,066,216▲8.4% | $74,534,136▼0.7% | $111,698,157▼4.5% | 990 |
| 2019 | $252,914,734▼9.5% | $252,727,595▼3.4% | $75,081,065▼0.2% | $116,984,744▲13.7% | 990 |
| 2018 | $279,363,604▲11.4% | $261,689,073▲5.6% | $75,245,242▲27.9% | $102,913,524▲21.5% | 990 |
| 2017 | $250,723,443▲17.5% | $247,802,748▲9.3% | $58,823,550▲4.1% | $84,709,238▲2.0% | 990 |
| 2016 | $213,411,141▲16.6% | $226,698,041▲17.6% | $56,514,500▼19.4% | $83,025,519▼10.6% | 990 |
| 2015 | $183,059,493▲10.0% | $192,780,989▲19.9% | $70,121,787▼18.4% | $92,857,843▼11.4% | 990 |
| 2014 | $166,433,973▼19.2% | $160,718,984▼15.7% | $85,909,752▲2.6% | $104,823,407▼5.5% | 990 |
| 2013 | $206,009,178 | $190,722,128▼1.6% | $83,699,433▲34.0% | $110,923,990▲19.8% | 990 |
| 2012 | — | $193,806,879▼0.8% | $62,479,345▼8.9% | $92,552,575▲11.8% | 990 |
| 2011 | — | $195,329,015▲4.8% | $68,616,946▲19.3% | $82,793,495▲16.2% | 990 |
| 2010 | — | $186,363,597▼9.1% | $57,493,991▲60.2% | $71,236,368▲28.9% | 990 |
| 2009 | — | $204,974,336 | $35,893,666 | $55,267,341 | 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 (FY2023)
Highest-paid: Kathryne Mcgowan — $450,923 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kathryne Mcgowan | Ceo | 40 | $450,923 |
| Robert Burnett | Chief Business Development Officer | 40 | $368,556 |
| Aruna Silva | Cfo | 40 | $109,567 |
| Charles Lawrence | Trustee | 1 | — |
| Deacon Eric Simontis | Trustee | 1 | — |
| Deacon Joe Oberting | Trustee/chair of the Board | 1.5 | — |
| Elizabeth Allen | Trustee | 1 | — |
| Joanne Willhite | Trustee | 1 | — |
| Joe Passarello | Trustee (thru 12/31/23) | 1 | — |
| Laura Huber | Trustee | 1 | — |
| Mary Ellen Garcia | Trustee | 1 | — |
| Michael Flannagan | Trustee | 1 | — |
| Paul Bongiovanni | Trustee (thru 3/31/24) | 1 | — |
| Steve Pelligrini | Trustee | 1 | — |
| Tom Mcnamara | Trustee | 1 | — |
| Tom Schadle | Trustee/chair (thru 6/30/24) | 1.5 | — |
| Tony Martinez | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Bas Inc | Consulting Services | $2,635,809 |
| Gallagher Benefit Services | Consulting Services | $2,586,310 |
| Consierge Nurse Navigator | Direct Healthcare Management | $552,014 |
| Armanino LLP | Accounting and Consulting Services | $550,363 |
| Lewis & Ellis Inc | Actuarial Services | $460,000 |
Frequently asked questions
- Is Reta Trust a legitimate nonprofit?
- Yes. Reta Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 94-2329720, based in Walnut Creek, California.
- What is Reta Trust's EIN?
- Reta Trust's Employer Identification Number (EIN) is 94-2329720.
- How much revenue does Reta Trust report?
- Reta Trust reported $363,400,683 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Reta Trust have?
- CharityIndex grades Reta Trust B+, based on financial health (reserves and operating margin).
- How much does Reta Trust's highest-paid employee make?
- The highest reported compensation on Reta Trust's latest Form 990 is $450,923, paid to Kathryne Mcgowan (Ceo).
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Data for Reta Trust (EIN 94-2329720) 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.