CITY OF MINNEAPOLIS VEBA (EIN 202507737) - 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

2004

Legal Domicile

Phone

6514666269

Tax Period

2023-01-01 to 2023-12-31

CITY OF MINNEAPOLIS VEBA, founded in 2004, is a community nonprofit in the Mutual Benefit sector that reported $7.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $29.1M represent 45 months of operating reserves.

Mission

THE CITY OF MINNEAPOLIS HAS ADOPTED A HEALTH REIMBURSEMENT PLAN. THE PURPOSE OF WHICH IS TO PROVIDE WELFARE BENEFITS FOR THE EMPLOYEES OF THE CITY AND ITS INDEPENDENT BOARDS AND AGENCIES COVERED BY THE PLAN, AND TO REIMBURSE EXPENSES INCURRED BY AN EMPLOYEE OR AN EMPLOYEE'S ELIGIBLE DEPENDENTS FOR EXPENSES NOT COVERED BY OTHER INSURANCE AVAILABLE TO THE EMPLOYEE AND THE EMPLOYEE'S ELIGIBLE DEPENDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,485,390

Investment Income $239,163

Other Revenue $0

TOTAL REVENUE $7,724,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,579

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $7,522,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,724,553	$7,003,201	+0.1%
Expenses	$7,522,574	$7,272,494	+0.0%
Net Income	$201,979	$-269,293	-1.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	INSTITUTIONAL TRUSTEE	N/A		$42,579	$0	$42,579

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$7,724,553	$7,522,574	$29,126,510	$201,979
2022	$7,003,201	$7,272,494	$29,013,965	$-269,293
2021	$7,185,024	$7,110,792	$29,287,574	$74,232
2020	$8,059,938	$6,620,930	$29,212,807	$1,439,008

CITY OF MINNEAPOLIS VEBA