Everence
Legal name: Everence Association Inc
Nonprofit profile at a glance
- EIN
- 356059333
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Goshen, IN, USA
- Phone
- 5745339511
- Rating confidence
- Limited
Reported finances
- Revenue
- $81,771,346
- Expenses
- $88,112,228
- Assets
- $372,044,450
- Liabilities
- $268,066,264
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- KENNETH HOCHSTETLER (PRESIDENT)
- RODNEY DILLER (VICE PRESIDENT)
Highest reported compensation
- KENNETH HOCHSTETLER (PRESIDENT): $654,684 total reported compensation
- AMANDA ROCK (FINANCIAL CONSULTANT): $433,298 total reported compensation
- FREDRICK GINGERICH (TREASURER): $428,402 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Everence Financial believes all of us make better money decisions when we integrate our values with our decision-making. Giving back to your community is a great way to continually live out your faith. God calls us to give as we can and make a difference in this world. Find a cause that you support, make a connection with that organization, and see what your charitable giving can do. Giving back can also increase your tax deduction, providing potential savings to you while supporting a good cause. How Everence can help If you are considering taking the next step in deciding whether to give back to your community, let Everence help. An Everence representative can have a conversation with you to learn about your values and your financial situation and help you develop a plan. Talk with an Everence representative.
What it reported doing in 2024
Everence association inc helps individuals, organizations, and congregations integrate finances with faith through a national team of consultants and representatives. Everence offers life, annuity, accident, and health insurance coverage to members of the mennonite church and related anabaptist institutions. Continued below.
Operating model
- Revenue model
- Other-operating. 99% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 58
- Accountability: 91
- Sustainability: 41
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 6th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 79.6%; rating input score 80; 17th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.8%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 4.22; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.72; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0.6%; rating input score 83; 83rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -1% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -0.3% per year; rating input score 0; 6th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 12 of 12 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $655K · 22 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.1M reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes foreign activity, grants, executive pay, and related organizations
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 12 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 10/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 21/100.