Civic Intelligence

Everence Association Inc

EIN 35-6059333 • 501(c)8 • Goshen, IN

Profile

Everence association inc is an indiana domiciled fraternal benefit society organized to provide life, annuity and accident and health insurance coverage to members of the mennonite church and related anabaptist institutions.

1110 North Main StreetGoshen, IN 46528

www.everence.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.72x

Higher debt load relative to assets than 77% of similar nonprofits.

$250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

3.28x

Higher debt load relative to revenue than 84% of similar nonprofits.

$250M-$1B nonprofits • Source year 2024

Net Margin

16th percentile

-7.8%

Higher net margin than 16% of similar nonprofits.

$250M-$1B nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$654,684

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

$250M-$1B nonprofits • Source year 2024

Asset Growth

15th percentile

-2.5%

Faster asset growth than 15% of similar nonprofits.

$250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

15th percentile

-4.0%

Faster revenue growth than 15% of similar nonprofits.

$250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Down

$372,044,450

Down $19,980,702 (-5.1%) from 2022

Liabilities

Down

$268,066,264

Down $15,128,825 (-5.3%) from 2022

Net Assets

Down

$103,978,186

Down $4,851,877 (-4.5%) from 2022

Revenue

Up

$81,771,346

Up $5,051,680 (+6.6%) from 2022

Expenses

Up

$88,112,228

Up $8,885,689 (+11%) from 2022

Net Income

Down

-$6,340,882

Down $3,834,009 (-153%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2011: $384,977,592Liabilities 2011: $307,634,813Net Assets 2011: $77,342,7792011Assets 2012: $396,884,752Liabilities 2012: $317,322,816Net Assets 2012: $79,561,9362012Assets 2013: $406,191,138Liabilities 2013: $318,012,062Net Assets 2013: $88,179,0762013Assets 2014: $410,152,546Liabilities 2014: $316,819,075Net Assets 2014: $93,333,4712014Assets 2015: $423,410,577Liabilities 2015: $320,788,353Net Assets 2015: $102,622,2242015Assets 2016: $439,075,828Liabilities 2016: $331,006,099Net Assets 2016: $108,069,7292016Assets 2017: $439,375,324Liabilities 2017: $326,538,132Net Assets 2017: $112,837,1922017Assets 2018: $432,307,404Liabilities 2018: $320,947,384Net Assets 2018: $111,360,0202018Assets 2020: $417,280,423Liabilities 2020: $303,673,468Net Assets 2020: $113,606,9552020Assets 2021: $407,395,698Liabilities 2021: $292,639,371Net Assets 2021: $114,756,3272021Assets 2022: $392,025,152Liabilities 2022: $283,195,089Net Assets 2022: $108,830,0632022Assets 2024: $372,044,450Liabilities 2024: $268,066,264Net Assets 2024: $103,978,1862024

Highlighted filing

2024

Assets$372,044,450
Liabilities$268,066,264
Net Assets$103,978,186

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2011: $81,684,5442011Expenses 2012: $87,719,7202012Revenue 2013: $88,630,648Expenses 2013: $80,478,950Net Income 2013: $8,151,6982013Revenue 2014: $73,729,539Expenses 2014: $67,744,381Net Income 2014: $5,985,1582014Revenue 2015: $80,702,888Expenses 2015: $73,757,641Net Income 2015: $6,945,2472015Revenue 2016: $86,731,202Expenses 2016: $82,130,006Net Income 2016: $4,601,1962016Revenue 2017: $74,954,608Expenses 2017: $69,802,318Net Income 2017: $5,152,2902017Revenue 2018: $76,637,582Expenses 2018: $74,271,345Net Income 2018: $2,366,2372018Revenue 2020: $69,272,675Expenses 2020: $66,182,935Net Income 2020: $3,089,7402020Revenue 2021: $69,175,767Expenses 2021: $69,742,232Net Income 2021: -$566,4652021Revenue 2022: $76,719,666Expenses 2022: $79,226,539Net Income 2022: -$2,506,8732022Revenue 2024: $81,771,346Expenses 2024: $88,112,228Net Income 2024: -$6,340,8822024

Highlighted filing

2024

Revenue$81,771,346
Expenses$88,112,228
Net Income-$6,340,882

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$372$268$104$81.8$88.1$6.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$392$283$109$76.7$79.2$2.51
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$407$293$115$69.2$69.7$0.57
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$417$304$114$69.3$66.2$3.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$432$321$111$76.6$74.3$2.37
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$439$327$113$75.0$69.8$5.15
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$439$331$108$86.7$82.1$4.60
2015Detailed filing. Detailed filing data is available for this year.$423$321$103$80.7$73.8$6.95
2014Detailed filing. Detailed filing data is available for this year.$410$317$93.3$73.7$67.7$5.99
2013Detailed filing. Detailed filing data is available for this year.$406$318$88.2$88.6$80.5$8.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$397$317$79.6$87.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$385$308$77.3$81.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 22, 2025
Return Version
2024v5.1
Gross Receipts
$136,625,736
Mission and Program Overview

Mission

Everence association inc is an indiana domiciled fraternal benefit society organized to provide life, annuity and accident and health insurance coverage to members of the mennonite church and related anabaptist institutions.

Everence association inc helps people and groups integrate their finances with their faith values through its insurance and financial services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$277,435,910$263,076,693▼ $14,359,217
Rtn Earn Endowment Incm Other Fnds$102,387,049$103,978,186▲ $1,591,137
Investments Program Related$91,353,298$93,824,769▲ $2,471,471
Savings and Temporary Cash Investments$9,346,057$11,868,879▲ $2,522,822
Prepaid Expenses and Deferred Charges$29,716$41,298▲ $11,582
Accounts Receivable$294,002$20▼ $293,982
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Land, Buildings, and Equipment, Net-$0-
Loans From Officers Directors-$0-
Total Assets$381,699,549$372,044,450▼ $9,655,099
Other Assets Total$3,240,566$3,232,791▼ $7,775
Liabilities
Other Liabilities$274,908,704$265,342,809▼ $9,565,895
Deferred Revenue$1,438,404$1,393,293▼ $45,111
Accounts Payable and Accrued Expenses$2,965,392$1,330,162▼ $1,635,230
Total Liabilities$279,312,500$268,066,264▼ $11,246,236
Net Assets / Fund Balance
Total Net Assets Fund Balance$102,387,049$103,978,186▲ $1,591,137
Total Liabilities and Net Assets / Fund Balance$381,699,549$372,044,450▼ $9,655,099

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$6,435,777--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kenneth HochstetlerPresident
Rodney DillerVice President
Dj McfaddenDirector
Emerson LesherDirector
Greg LaszakovitsDirector
Jaime RodriguezDirector
Jessica YoderDirector
Katelyn LeichtyDirector
Kirby MillerDirector
Lauren GoodDirector
Ruth SuterDirector
Steve LindseyDirector
Sunday ObriDirector
Sylvia PennerDirector
Chad HorningAssistant Secretary
Aaron ShenkAssistant Treasurer
Amanda RockFinancial Consultant
Craig FoorFinancial Consultant
Glen KauffmanFinancial Consultant
Jeffrey GodshallFinancial Consultant
Steven ChrollFinancial Consultant
Fredrick GingerichTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Goshen Hospital AssociationHealth Services200 HIGH PARK AVENUE, Goshen, IN 46526$1,034,479
Lancaster General HospitalHealth Services555 NORTH DUKE STREET, Lancaster, PA 17604$1,019,092
Grand View HospitalHealth Services700 LAWN AVENUE, Sellersville, PA 18960$951,844
Sentara Rmh Medical CenterHealth ServicesPO BOX 392, Harrisonburg, VA 22801$650,414
Elkhart General Hospital INCHealth Services615 N MICHIGAN ST, South Bend, IN 46601$451,939
Revenue and Support

Revenue Composition

Contributions and Grants
$767,245
Program Service Revenue
$81,155,292
Investment Income
$-151,191
Other Revenue
$0
Change in Net Assets
$-6,340,882

Audited Revenue Reconciliation

Revenue per Audited Statements
$80,406,283
Revenue Not Reported on Financial Statements
$1,365,063
Revenue Not Reported on Form 990
$150,346
Other Revenue Adjustments
$322,731
Total Revenue per Audited Statements
$80,556,629
Total Revenue per Form 990
$81,771,346
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,458,119
Salaries, Compensation, and Employee Benefits$8,525,154
Grants and Similar Amounts Paid$2,881,760
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$61,247,195
Fees for Services Other---$8,074,519
Other Salaries and Wages---$6,691,661
Information Technology---$1,920,147
Grants to Domestic Orgs---$1,836,860
Depreciation Depletion---$1,748,163
Pension Plan Contributions---$1,272,235
Grants to Domestic Individuals---$1,044,900
Fees for Service Investment Mgmnt Fees---$1,042,332
Office Expenses---$868,555
Travel---$441,436
Payroll Taxes---$436,248
Occupancy---$327,717
Advertising---$248,021
Insurance---$217,089
Conferences and Meetings---$207,797
Fees for Services Accounting---$128,864
Other Employee Benefits---$125,010
Fees for Services Legal---$89,304
Other Expenses---$38
Total Functional Expenses$0$0$0$88,112,228

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$88,112,228
Expenses per Audited Statements$86,747,165
Total Expenses per Audited Statements$86,747,165
Expenses Not Reported on Financial Statements$1,365,063
Other Expense Adjustments$322,731
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mma Distribution IncGoshen, IN501(c)(3)Grants & Sponsorship$836,752
Mennonite Church USANewton, KS501(c)(3)Grants & Sponsorship$285,348
Everence Trust CompanyGoshen, IN501(c)(3)Grants & Sponsorship$120,000
Bethany Christian SchoolsGoshen, IN501(c)(3)Grants & Sponsorship$7,200

International Summary

Offices
0
Employees
0
Spending
$17,013,377

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North America (Canada & Mexico only)Passive Investments---$11,767,458
Europe (Including Iceland and Greenland)Passive Investments---$3,545,277
Central America and the CaribbeanPassive Investments---$866,534
East Asia and the PacificPassive Investments---$834,108
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$235,533,861
Life and Annuity Reserves$14,494,087
Policy and Contract Claims$8,409,231
Deposit Type Contracts$4,400,801
Accident and Health Reserves$1,687,646
Asset Valuation$817,183
Interest Maintenance Reserve-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 12A

The financial statements are prepared using accounting practices prescribed or permitted by the indiana department of insurance, whose practices differ from accounting principles generally accepted in the united states of america.

Form 990, Part VI, Line 6 Classes of members or stockholders

Everence association has only one class of membership. The sole decision-making power of a member is to elect the board of directors.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Everence association has only one class of membership. The sole decision-making power of a member is to elect the board of directors.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The board of directors has delegated the authority to review and approve the form 990 to the audit committee. Following a detailed review by the controller, a copy of the form 990 and its related schedules is provided to the audit committee via email. The audit committee reviews the form 990 and related schedules and provides feedback. An independent cpa firm also reviews the form 990 prior to submission to the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

Everence services llc, a related organization of everence association inc, employs a general counsel who is responsible for day to-day compliance oversight. Designated staff and the general counsel are responsible for reviewing applicable laws and regulations and assuring full implementation of and compliance with such. Policies and procedures are reviewed on a regular basis. The board of directors and officers sign a conflict of interest statement bi-annually. All conflicts of interest are expected to be disclosed. If there is a conflict of interest with a code of conduct, a whistleblower policy is in place and there is a whistleblower hotline to call.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The board of directors performs an annual review of executive compensation. The last review was performed in 2024. Goals and objectives are set forth annually and reviewed during this process. Additionally, periodic comparisons to similar for-profit and not-for-profit entities are examined.

Form 990, Part VI, Line 19 Required documents available to the public

Our governing documents are kept on file and are available upon request. Conflict of interest policy information is available upon request. Summarized financial information for all everence entities is published in a report to the members. This report informs the members they may request the audited financial statements.

Form 990, Part VIII, Line 2F Other Program Service Revenue

- Total Revenue: 173505, Related or Exempt Function Revenue: 173505, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Everence Association Inc
EIN
35-6059333
Phone
5745339511
Address
1110 NORTH MAIN STREET, GOSHEN, IN 46528

Signing Officer

Name
Kenneth D Hochstetler
Title
Officer
Phone
5745339511
Signed
2025-09-22
Discuss with paid preparer
Yes

Organization Details

Formed
1964
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
38
Volunteers
1,064

Preparer

Firm
Forvis Mazars LLP
Address
111 E Wayne Street Suite 600, Fort Wayne, IN 46802
Preparer
Lauren Denton
Phone
2604604000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Change in admitted investment carrying amounts - 6546076; Change in asset valuation reserve - -973108; Change in nonadmitted assets - 2208705; Gain/Loss transferred to IMR - 150346;

Financial Statement Notes

Schedule D, Part I ASC 740 FOOTNOTE

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Gain transferred to interest maintenance reserve - 150346

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Administrative fees - 322031 gain adjustment - 700

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Administrative fees - 322031 gain adjustment - 700

Raw XML AppendixShowing 400 of 1,044 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0EVERENCE ASSOCIATION INC IS AN INDIANA DOMICILED FRATERNAL BENEFIT SOCIETY ORGANIZED TO PROVIDE LIFE, ANNUITY, ACCIDENT, AND HEALTH INSURANCE COVERAGE TO MEMBERS OF THE MENNONITE CHURCH AND RELATED ANABAPTIST INSTITUTIONS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0WE CONTINUE TO ENHANCE CURRENT FRATERNAL GRANT PROGRAMS AND THEIR USAGE IN THE CONSTITUENCY. IN 2024, 1,972 GRANTS WERE PROVIDED. WE CONTINUE BUILDING A SUPPORT SYSTEM OF TRAINING, PROVIDING RESOURCES FOR, AND ENGAGING ACTIVE ADVOCATES (VOLUNTEERS). THERE WERE 1,064 ADVOCATES SERVING IN 2024. CONTINUED BELOW.
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IRS990/ProgSrvcAccomActy3Grp/Desc0WE WORK TO ENCOURAGE STEWARDSHIP IN THE EVERENCE ASSOCIATION INC CONSTITUENCY. STEWARDSHIP EDUCATION INCLUDES STEWARDSHIP UNIVERSITY, SPEAKERS FOR WORKSHOPS AND RETREATS, AND EDUCATIONAL RESOURCES. IN 2024, THERE WERE 536 CHURCHES USING EDUCATIONAL MATERIALS OR SEMINARS.
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