BLACK HAWK COLLEGE HEALTH BENEFIT PLAN TRUST (EIN 161634294) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

STEVEN FROMMELT

Phone

3097965223

Tax Period

2024-01-01 to 2024-12-31

BLACK HAWK COLLEGE HEALTH BENEFIT PLAN TRUST, founded in 2002, is a community nonprofit in the Mutual Benefit sector that reported $7.2M in total revenue in fiscal year 2024.

Mission

PROVIDE BENEFITS TO ELIGIBLE EMPLOYEES/RETIREES THROUGH EMPLOYEES BENEFICIARY ASSOCIATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,127,393

Investment Income $56,601

Other Revenue $0

TOTAL REVENUE $7,183,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $928,816

TOTAL EXPENSES $7,108,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,183,994	$6,676,501	+0.1%
Expenses	$7,108,437	$6,594,343	+0.1%
Net Income	$75,557	$82,158	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$454,794

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRITZ LARSEN	TRUSTEE	0.50	Director	$0	$0	$0
DOUG STRAND	TRUSTEE	0.50	Director	$0	$0	$0
SAMANTHA GANGE	TRUSTEE	0.50	Director	$0	$0	$0
MARK CARLSON	TRUSTEE	0.50	Director	$0	$0	$0
DAVID DYER	TRUSTEE	0.50	Director	$0	$0	$0
CHRISTIAN JACKSON	TRUSTEE	0.50	Director	$0	$0	$0
JEFFREY SWAN	TRUSTEE	0.50	Director	$0	$0	$0
STEVEN FROMMELT	EXECUTIVE VICE PRESIDENT/TRUSTEE	1.00	Officer	$0	$24,481	$200,277
DR JEREMY THOMAS	COLLEGE PRESIDENT	0.50	Officer	$0	$25,281	$254,517

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$7,183,994	$7,108,437	$1,490,928	$75,557
2023	$6,676,501	$6,594,343	$1,414,271	$82,158
2022	$6,525,967	$6,420,813	$1,333,213	$105,154
2021	$5,719,708	$5,685,955	$1,228,059	$33,753
2020	$5,627,519	$5,822,545	$1,194,306	$-195,026
2019	$6,640,439	$6,593,176	$1,389,332	$47,263
2018	$5,898,036	$5,888,279	$1,342,069	$9,757

BLACK HAWK COLLEGE HEALTH BENEFIT PLAN TRUST